The HIGH COST of a Cheap US Dollar

With the US Dollar hovering at its lowest levels in history, we feel the need to display a list depicting the high cost associated with this phenomenon.

If you are feeling the crunch of higher prices, blame it on the cheap US Dollar. That is because commodities are purchased with the US Dollar. Crude Oil, Wheat, Gold and Silver are just a few commodities that are purchased this way.

Beginning in 2001 banks were loaning out money that by 2008 would lose 40% of its value
Beginning in 2001 homes would be purchased that by 2008 many of which will have lost 40% of their value
Wages or income have increased less than 15% since 2001
Beginning in 2004 inflation began to escalate on Commodities
Beginning in 2006 the stock market began falling and will continue until it loses 40%
Beginning in 2008 imported goods cost more because of the cheap US Dollar (Maybe it wasn't such a great idea shipping those jobs overseas after all!)

Based on this scenario, please don't believe anyone, especially theWall Street gurus, when they say that inflation is under control, or that the housing market has stabilized, or that wages have risen. Be very wary when they tell you taht now is a good time to buy a home or that $118.00 per barrel oil won't cause inflation. Believe me when I tell you that if the dollar was at its 2001 level, ther would be NO inflation and oil would still be $40.00 per barrel.

By Michael Scoglietti
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