Consumer Confidence Falls – Is the Dollar Next?

dollar bill other currencies. And why wouldn’t they? As Congressman Ron Paul states, we have a 3 billion dollar daily trade deficit. Eventually, those people letting us purchase on credit are going to wise up and (shock) spend those dollars they’ve been collecting. The flood of dollars back on the market will (potentially) cause a snowball effect as everyone switches to a more stable form of currency that doesn’t devalue in buying power so quickly. Do the math. 10 percent more dollars on the market equals 10 percent less buying power apiece… for everything, not just gas.

Luckily, I still have some of the pre-1965 quarters that have actual silver left in them. Who knows, maybe someday they’ll make me rich. All those lotto tickets certainly haven’t helped.

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