the dollar goes kaput

[merchimerch]

Wow! When I was living in the U.K. in 2001, the dollar was worth about 1.5 British Pounds, and no one was paying much attention to the Euro because it was so friggen cheap.

Today, a mere 7 years later, the dollar just hit 2 pounds, and is now worth 1.5 Euros.

I wonder, will this inspire us to start making our own stuff again?

Probably not, since we import from even softer money countries. A girl can dream though.

Comments

[densaer.livejournal.com]

The bottom is falling out of the dollar.

Oil is hitting a new high


And people here are getting the squeeze in between. Our financial house is a mess and there does not seem to be the will to address many of these issues. Blah!

[merchimerch.livejournal.com]

I do think the culture or buying things on credit that extends from individuals to corporations to our government is darn frightening.

It seems that there is a collective agreement to perpetuate the denial that we will have to pay for all of this eventually, with interest.

My grandparents told stories of rationing and victory gardens during WWII. There was this notion that resources should be conserved, since they couldn't just come out of thin air. I found it so ironic that the directive that was given post-September 11 in the warm up to the Afghan and Iraq invasions was not one of conservation, but of increased consumption.