Tuesday, September 11, 2007

U.S. Dollar Hits New 15-Year Low

FT.com / MARKETS / Currencies - Dollar hits fresh 15-year low

This is a direct result of this administration's continued poor fiscal policies, and pressure on the Fed's monetary policies. This is extremely important to our country, and should not be underestimated. The Canadian Dollar is now at 1.04. It appears it won't be long before the "Loonie" is stronger than the "Greenback."

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David Wozney said...

Re: “U.S. Dollar Hits New 15-Year Low

A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as having the value of 1/42.2222 fine troy ounces of gold.

TTH said...

Good point. There's no gold in them there notes.