Tuesday, July 15, 2008

US Inflation Pandemic (Effects of a ballooning dollar supply and connivance of central banks in propping up the US dollar) - II

Yahoo finance reports here that US inflation rose the fastest in 27 years. If it were not for the connivance of the central banks of the world, there wouldn't have been anything to protect the dollar from its inevitable downfall. If one were to make a simple assessment, currencies should have risen against the dollar, and indeed the Euro has. Now, a Euro costs $1.60 as reported here. Whereas other currencies like the Indian Rupee and the Chinese Yuan and some other currencies haven't, because of the malicious intervention of the central banks of the respective countries. For a related article on the inevitable collapse of the dollar, you can read M. R. Venkatesh on rediff here.

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