"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
U.S. Dollar, Usually World’s Safe Haven, Declining Despite Plenty of Global Turmoil
Submitted by Melinda L. Secor on Sun, 2011-03-27 03:00
"When the world is in turmoil, investors have usually had one automatic response: Put money into dollars, viewed as the global safe harbor.But that’s not happening in this tumultuous year. Even with the Middle East in conflict, Japan in disarray after a series of d isasters and Europe facing a debt crisis, the dollar has been gradually falling in value against other major currencies."
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