The USD is a next-to useless currency and has nothing to do with...

  1. 433 Posts.
    The USD is a next-to useless currency and has nothing to do with the price of oil.

    People are just noticing some type of a correlation, but really its just a conincidence. The real reason in oil's drop was that the oil surge was a short-term asset bubble made up by our lovely friends at Wall Street.

    The currency honestly has nothing to do with anything - besides the ECB has said its not done cutting yet, inflation is still way too high.

    Off topic - I think the USD will won't be mighty again, not for a long time anyway.

    I could have never fathomed such a "powerful" country whose influence was partly exerted by its indomitable dollar would lose all its strength and its all come down to these stupid games of interest rates relative to other countries, money supply, deficits etc.

    There is NO excuse for a currency to become so petty.

    I remember in 2001 when Greenspan cut interest rates to 1% the dollar was still unparelled and Americans still had the best purchasing power.

    I'd rather keep my A$, Euros and loonies.
 
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