Does the Decline of The Dollar Hurt Real Estate
The strong-hold of the American Government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. When the world went off the gold and silver standard, the financial doom of England and America was sealed.
The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was once backed by gold for every $5 note and up. All of America’s currency was backed by silver, from $1 note up. However, today the currency of America is not backed by any sound value-silver or gold. The note today is something that government declares they will give you in return, but does not name what that value is. America is definitely not backing their currency with silver or gold.
This is the number-one fall, and it is very clear that the loss of the power of the American dollar means the loss of financial power that carries over to the loss of jobs, high gas prices, grocery bills, mortgage decline and home sales.
"Just My Thoughts"
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