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To: Carley

Weak dollar?

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The dollar is not weak relative to other currencies because all countries are printing their respective currency 24/7.

The result of increased phony money is that it has to go someplace.

Right now the newly printed money is going into things that are relatively scarce—copper, gold, oil.

I am not sure why it is going into wheat, corn, cotton etc as there does not seem to be a worldwide shortage.

But maybe the money folks are betting on global cooling and the impact it could have on foodstuffs.


23 posted on 12/30/2010 9:28:56 AM PST by Presbyterian Reporter
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To: Presbyterian Reporter

The US Dollar index was 78 at the beginning of 2010 and the index is 79.4 today.

Thus relative to the basket of currencies that compare to the US dollar index, the US Dollar is stronger today than it was one year ago.


24 posted on 12/30/2010 10:05:41 AM PST by Presbyterian Reporter
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