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Old 28.04.2011, 15:24
scrambled scrambled is offline
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Re: Franc dollar parity CHF=USD

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The real value of the US dollar is the paper it is printed on. If it wasn't for the fact that it is used as the global reserve currency it's value against the Sfr would be 10 rappen. If in the near future we do not see any serious steps by the US government to reduce deficits, put controls on the derivative markets, let banks fail as they should, raise interest rates and fire Bernanke as well as Obama then I am afraid pretty soon we will see 1US$ = 55 Rappen and the value of commodities skyrocketing in US$ terms. A good video to download and watch is "The inside job" Directed by Charles Ferguson. Starring Matt Damon, George W. Bush, Barney Frank. Takes a closer look at what brought about the financial meltdown.
this is a bunch of crap. the real value of the dollar is based on what goods and services it can be exchanged for. I assure you that even if the world stopped using USD as the global currency, there is enough demand for goods and services which can be paid for in USD to prevent this sort of catastrophic collapse.
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