Wednesday, June 13, 2007

Will US dollar collapse?

After the UN warning couple of weeks ago, this topic has increased traffic these days. For people like me who are in US just to make some big money in small time, this news is kind of a blow. But good news is this will not happen overnight and it will a gradual process. So let us be prepared.

Here are some speculations.
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=1E91354F-17A4-1130-F57ACB061D8386F2

1 comments:

David Wozney said...

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