RE and economic charts: Decline of U.S. dollar since Jan 1st against Loonie, Euro, and Aussie $

Saturday, April 9, 2011

Decline of U.S. dollar since Jan 1st against Loonie, Euro, and Aussie $

[mEDITate-OR:
wonder why the price of gas is going up...
{see blog post two down}
and
why the value of the U.S.Dollar is going down.
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The decision was made - to drive the value of (Y)our USDollar down.
The assumption was that would make (Y)our exports cheaper and
the rest of the world would buy a lot more of our "stuff"
A funny thing happened on the way to the world forum...
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some of the dumber ones of U.S. assumed that those who sold U.S. crude oil...
such as Mexico, Venusuala, Sudan, Canada and the Gulf Oil states...
would allow the value of the oil being sold TO Hexxon and U.S.
to drop in value, at the same time, in the same amounts.
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Oddly, to your President and his trusted advisors, that did not happen.
Nor did our exports increase by enough to offset the increase in the costs of crude oil.
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Bad assumption.
Bad economics.
Bad economy, getting worse.
Bad for most of U.S., but, ByGawd twas it good for Hexxon.
Butt, of the joke, "What's Good for Hexxon, must be Good for U.S."..!!!
------------ CANada {Forever UP?}