Devaluing the U.S. dollar Rome style. Inflation and diluting a currency is nothing new.
Devaluation is nothing new and great empires like that of the Romans used in their ascent toward the bottom. Little by little the value of the Roman currency was diluted by putting less and less silver in their currency. Eventually the currency was so diluted that faith in the money was lost. It is never [...]
Euro approaching U.S. dollar parity? Euro back to 2006 levels and falling against the dollar.
The Euro doesn’t seem to be responding all that well to the $1 trillion Euro bailout. First, you have countries like Greece that if they had their own currency, would simply devalue their currency and try to make their economies more competitive. But with the Euro you have countries like Germany with much larger economies [...]
Gold rally continues – Investors seek safe haven in currency devaluation world.
Gold continues a decade long rally and reaches a new peak price as world governments find the need to increase debt and fire up printing presses to deal with balance sheet problems. It isn’t that gold is necessarily special in any way but investors are seeking a safe haven when currency markets are fluctuating wildly. [...]