Irish Liberty Forum

What is Happening to the Dollar?

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Via Market Oracle I discover that growing numbers of merchants in New York have begun to accept alternative currencies, mostly the Euro. Meanwhile, Alex Wallenwein, editor and publisher of Market Oracle, provides a new exploration of reasons why demand for gold and silver to be used as media for exchange should begin to grow. Interesting times!

My starting point to figure out what is happening to the dollar is to look at corresponding supply estimates, in particular M3. One helpful source for this is Now and the Future, which actually provides a whole host of interesting charts, for example showing global liquidity with the gold price, and money supply with inflation. Just some of the amazing material on their key stats page for budding economics geeks.

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Written by Graham

March 3, 2008 at 4:53 pm

Posted in economics, USA

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