Peso hits all time low
It isn't just our poor Lonnie that is suffering. The Peso touched 16.5 on Friday. The Snowbirds who travel to AZ must be worried about the Loonie. It seems to be dropping very quickly. I think it wil...
Forum Discussion
Another question is what will happen in October when the IMF considers making the Chinese Yuan a world reserve currency. That could affect the value of the US dollar significantly. When you look at debt to to GDP ratios, the US dollar is overvalued and that is because it is the primary world reserve currency. The US debt to GDP ration is higher than any other world reserve currency country, other than Japan. China is 1/5 that of the US. If yuan becomes a world reserve currency, it does not take a brain surgeon to see what will happen.
