Friday, February 11, 2011

EROSION


EURO currency since 2001 has been rising steadily since the first REcession FED fight with 1% interest rates.
Now with 0% FED FUNDS fighting current crisis, even after 90% gains in stocks, and calls of economic rebirth....0% stands pat.
The US $ has lost enormous power, and it takes more US $'s to buy the things we need, food and energy.....and anything coming from abroad.
Savings have been eroded as they yield next to nothing. A family with HALF A MILLION IN MONEY MARKET will gain less than $100 interest for entire year!
I see trouble with this
D

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