http://www.mightybargainhunter.com/2008/05/04/how-the-us-dollar-index-shows-the-strength-of-the-dollar/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 http://www.mightybargainhunter.com/2008/05/04/how-the-us-dollar-index-shows-the-strength-of-the-dollar/comment-page-1/#comment-137872 Curt Mon, 05 May 2008 14:18:30 +0000 http://www.mightybargainhunter.com/2008/05/04/how-the-us-dollar-index-shows-the-strength-of-the-dollar/#comment-137872 The dropping value of the dollar is a major problem that more people should be concerned about. The support for the dollar is fading about the world, and could soon collapse as foreign nations are sick of loosing money holding on to dollars. The only thing holding the dollar from collapsing is that oil is traded in dollars, so every nation need to have dollars to buy oil. But, that is changing as many nations talking about using other currencies to buy oil. Over the next few years, the dollar may enter the point of no return and American's will suddenly find themselves a lot less wealthy. The wealth of our nation is definately as risk. The dropping value of the dollar is a major problem that more people should be concerned about. The support for the dollar is fading about the world, and could soon collapse as foreign nations are sick of loosing money holding on to dollars. The only thing holding the dollar from collapsing is that oil is traded in dollars, so every nation need to have dollars to buy oil. But, that is changing as many nations talking about using other currencies to buy oil. Over the next few years, the dollar may enter the point of no return and American’s will suddenly find themselves a lot less wealthy. The wealth of our nation is definately as risk.

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