D.K. Mason on ShowBiz Bakersfield

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Please don't ask me to reveal the identity of my "anonymous" source, and just  enjoy the show.
Posted in these Groups:
Topics: entertainment
posted by DoctorMason on Sunday, January 28, 2007 at 10:51 AM
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During the last 6 years, the dollar has lost 50% value but nobody seems to care! That is 10% a year inflation, and it is still happening today. I'll give you .50c for that dollar bill.

It's not on the news, few (if any) talk show hosts discuss it, and local schools don't teach alternatives. If you travel outside the US and have to convert your dollars then you already know the serious problem we face. People around the world are buying US dollars for only .50c each.

But what about money sitting in a bank, losing 10% of its value each year? Isn't the smart thing to do is convert your remaining cash into euros and maybe purchase dollars when the value drops down to say .25c each? Isn't it true that as the dollar drops, your holdings in euros increase? Or am I wrong?  I need help!

Since the euro is now the currency of choice for most of the world, and to prevent our life savings from evaporating, shouldn't we have a "Plan B" based upon the euro? My question is, what plans do YOU have and do you even care?

 

Posted in these Groups:
Topics: economics, dollars, inflation, currency, euro, euros
posted by DoctorMason on Wednesday, January 3, 2007 at 05:33 PM
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