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Tuesday, Jul 21st

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You are here News Economy Dollar slides after US Fed plan

Dollar slides after US Fed plan

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The dollar fell by 3.8% against the euro and by 3.6% against the pound.

The US currency also declined against the yen, the Norwegian krone, the Australian dollar and Brazilian real.

The Fed's decision to buy debt means it is effectively creating new money, leading to concern from investors about the over-supply of dollars.

TVNL Comment: Mission accomplished. What you are watching is wealth un-distribution. The people who make (create out of nothing) the money are taking all our stuff. They will start all over and sell everything back to us. Just like after the Depression.

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