cheapybob

How Bad Is the Dollar's Fall?

From looking at the graph of the trade weighted dollar, you can see that there is something drastically wrong. What's misleading, IMO, is that we are buying oil in dollars, and if instead, we were buying it in the home currencies of the countries selling it, or ruples, as VZ has proposed, it would change the graph dramatically. As our foreign debt increases, so will the likelihood of this happening.