Dollar continues its downward trend against other currencies for several straight weeks. Dollar is stalling at the 80.50 level. The government may step in with more government stimulus if there is a growing concern with jobs, housing, surging oil prices. Stimulus is throwing gas on the fire of inflation. As, the Dollar loses value, more Dollars are needed for merchandise imported. Fewer imports could mean higher prices for America. This would force down prices for the domestic country making those goods. Allows their currency to go up, allowing them to purchase their own goods.
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Schiff Reort Video Blog Aug. 7th 2010
Schiff Report video blog August 13th 2010
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Schiff Report Video blog July 30th 2010
Schiff report video blog July 20th 2010
Look for more stimulus and zero fed rates to destroy the dollar. The Euro rout to uplift the dollar did not work. The Dollar is falling again.
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Schiff Report Video blog Aug. 3rd 2010
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