Adjusted U.S. Dollar Plunges To Lowest Level Since 1973

More bad news in God damn America:

Soft US dollar, tough choices
By James Mackintosh
Published: March 7 2011 22:48 | Last updated: March 7 2011 22:48

So the US Federal Reserve is not exempt from the laws of supply and demand. Theory suggests creating more dollars should make each worth less. Sure enough, the Fed’s own measure of the trade-weighted dollar in real terms – the best way to do long-term currency comparisons – is at its lowest since the dollar floated in 1973.

For those of you who need a picture to understand what is being said, I shall do my best to provide:

For those of you who simply could not see this coming, I have another useful illustration for you:

I am just so shocked.  I thought QE2 would be a smashing success after the wonders of QE1.

We need another massive stimulus.  Failure squared = success.

This chart explains something profound:

You can bet on gold because Obama can’t ruin it’s value.  You can bet on oil because Obama is making it more and more valuable with his moronic policies.

But DON’T bet on the dollar.  Don’t bet on anything that Obama can get his fumble-fingered mitts on.

Here’s a similar snapshot of reality:

It sounds like a Murphy’s law: “When a total fool occupies the White House, the value of gold increases proportionately.”

Tags: , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: