The dollar’s slide: 1/3 down and falling faster

[nyboy]

The ailing US currency drops through $1.47 against the euro and $2.10 against sterling, it merits a second (and updated) airing.
The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
The decline is accelerating. The USD has shed -12.5% of its value in the last year, -3.5% in the last month, and -1.5% in the last week alone. It’s now quicker and easier to be up to speed from the moment you rise.


It has a lot further to fall. Maybe we will see a small rally sometime but Gold and Silver are telling us otherwise.
Apparently there are $6 trillion dollars outside the US. Looks like they will end up being toilet paper. It appears no one in the US has any backbone anymore and unable to take the pain of what’s needed.
Cutting rates will not work this time!