Jerry Dill

Intense Inflation Pressure: Fed, Bank of England Have Their Hands Tied

This has been a problem for a while. While inflation is increasing we are seeing a recession and it is killing the dollar as we fight the inflation rather than the recession.

I think in the global scheme of things we need to look at the inflationary problem which continues to consume the American dollar.

The death of the american dollar does have one positive. It will now be better for businesses who sell goods overseas and operate in the US. Their goods look cheaper to Overseas companies with a currency that has better value, especially the euro and pound.