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Keyword: usdollarindex

You Just Lost 3.7% of Your Savings in April

04/29/2011 3:00:17 PM PDT · by David DeGerolamo · 11 replies
http://ncrenegade.com/editorial/you-just-lost-3-7-of-your-savings-in-april/ | 4/29/11 | David DeGerolamo

The US dollar index on Bloomberg.com (DXY:IND) compares the value of our Federal Reserve Notes against a basket of other world currencies. As the value of our dollar declines through redistribution and the unchecked policies of the Federal Reserve, the fruits of our labor (savings/retirement) are evaporating. Since January 1, 2011 through the end of April, the dollar has lost 7.59% of its value compared to other currencies. Almost half of this loss (48.7%) occurred in the month of April where the dollar declined 3.7%. The price of gold has seen a meteoric rise in April as the dollar collapses...

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