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AND THE DOLLAR IS A PAIN IN THE... (STA BREAKING NEWS and ARCHIVES)

by Gnosine @, Wednesday, August 02, 2017, 13:21 @ Old_Ponter

anyone using the federal reserve note can tabulate a 9% decrease in purchasing power...and increasing as it nosedives.

"The USD is off to its worst start since 1985, down about 9%. In the chart below (courtesy of Bianco Research), it appears the USD is tracing its performance in 1985 quite closely. Of course, 1985 was the worst year for the USD in almost 40 years, so if we stay on the current path, expect the USD to drop another 10% from here."

http://blog.knowledgeleaderscapital.com/?p=13315

to support your post on socialism, seems a debt ceiling raise in september has to be inevitable.

"However, the second, and more troubling warning sign was that in its initial forecast of calendar Q4 marketable borrowing needs, the Treasury now expects a near record $501 billion in net marketable debt to be issued from October through December. This amount will be nearly equal to the actual marketable debt borrowed in the last 4 quarters, which amounts to $527 billion. The full sources and uses can be found here."

http://www.zerohedge.com/news/2017-07-31/treasury-issue-half-trillion-dollars-debt-q4

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