dropping dollar

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As the price per ounce was a constant at $20.65 when the gold standard was put in place and only edged away from that position by $0.01 in all the years between 1833 until 1890. Meaning that for 57 years, when the Dollar was hinged to the gold standard, it moved with it by that $0.01 only. This was the original plan, written into the constitution by the founding fathers.

The constitution states that the currency of the country is to remain that way to maintain the Dollar and protect against what is exactly happening to the currency today.

From the years between 1891 and 1930, the price of gold per ounce remained relatively stable. The lowest it went was $20.58 and the greatest it reached was per ounce $21.32 and so, for a total of ninety seven years between 1833 and 1930, the price of gold only moved $.74 cents from high to low.

The gold price reached an all time low at the time of the great depression in 1931 and since then the government gradually removed the Dollar currency away from the gold standard until August 15th 1871; President Nixon announced that the US government would no longer redeem US currency for gold. This was the last step in departing from the gold standard. The demise of the Dollar can be seen since it was removed for the gold standard.

Keep in mind that the Dollar has historical value and therefore is extremely consistent, even though it looks as though the gold price is rising; it is really the Dollar that is falling. It has been as high as $1,030 per ounce, down to $830 per ounce.

So interestingly, if you wanted to buy a new car that cost $55,000 in 2008 and in gold, that would cost you roughly 60 ounces of gold at the spot price of $930 per ounce. So, if the Dollar was never removed from the gold standard and all the inflation that has occurred because of the removal from the gold standard, that same car today would only cost you $1,200. Remove the $1,200 from $55,000 and you get $53,800 which is how much inflation this $1,200 item has risen by over the last one hundred years.

The original Dollar value is roughly $.02 cents in today's money. It's astounding to realise how much the Dollar has dropped in value. I will try to explain further. In 1964, $.25 would just about get you a gallon of gas at the pumps because in 1964 a quarter was made from 10% copper but 90% silver. Silver costing $17.20 per ounce makes the quarters value $3.11 and that quarter of 1964 can still give you a gallon of gas today. This shows that the value of gold and silver has hardly changed and that it's the currencies that are not tied to gold and silver that are fluctuating drastically.

This was the warning of the founding fathers and why they tied the Dollar to the gold and silver standard at the founding of the constitution. The over creating by the Federal Reserve of Dollars at their own behest is in reality another tax upon the American Citizens, it strips the dollar of what little value it has left in your pocket and in the long run continues to do so. While the prices of services and good rise and rise, you on the other hand are still being paid roughly the same, its the Dollars value or any other currencies for that matter, thats detachment from the gold standard is why their value is dropping. I hope that I have made it clear to you that you need to make a move on this problem, be it investing your money as soon as you can into precious metals or by even taking a stand against the governments position on a detached Dollar from the gold standard.

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Project Dollar Drop is based on faith in the human race, that we all Any one can participate in Project Drop Dollar, its so simple and can be very inexpensive. Expectations in markets have hardened to the point that a decision by China to drop the yuan's 21-month-old peg to the dollar is a question of when, not if. http://digg.com/business_finance/DOLLAR_VALUE_DROPPING This video is to elaborate on my last video about the and its value. If you have not seen the Spooked investors drop dollar. October 3, 2008. The Australian dollar has suffered its As a result, the slid to 82.08 yen on Friday, having fallen as 2008Dropping Puts the Kibosh on European Travel Maranda Gibson. The dollar is losing value in overseas So, with the at historical lows, overseas travel is an Arabs, Asia, Russia said planning to drop in oil trade Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Discusion about Gulf Arabs Could Drop Pegs in Unison [Update][UPDATE 2] in the AboveTopSecret.com website alternative topics discussion forum So much in Israel is linked to the dollar – real estate is the most obvious biggie that comes to mind. So as dollar values continue dropping, Israelis are watching. Stocks, Commodities Drop, Gains on Google Profit, China The pound fell 0.4 percent versus the dollar, its first drop in four days, as polls on the U.K.'s first Reserve your ride at Rent A Car. Whether you're picking up or dropping off, you'll experience Dollar's friendly service and fantastic deals on car rentals EMII / Sudan Plans To Drop Peg Last Updated 05:39 EDT, May 05, 2010 The dollar is likely to have the biggest weight in the basket of not Turkey to drop dollar in trade with Iran, China - " Turkey is switching to national currencies in trade with Iran and China, ending dependence on the The Iranian president calls on a regional economic body to abandon the US dollar in order to reduce the effects of the financial crisis. Oil rose above $77 on Thursday, after surging more than 3 percent the previous day, lifted by a deeper-than-forecast drop in crude and fuel stocks in the worlds top Falling almost 20 percent since March, the dropping is good for U.S. exports. But one rising export may be Americans moving abroad. UAE won't rule out dropping dollar peg. by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 24 June 2007 LONDON: The euro slipped against the dollar Thursday on concerns the Greek debt crisis could affect other eurozone nations and expectations the Federal Reserve may Greenspan Tells Gulf To Drop Dollar. By al Jazeera. 25/02/08 "al The dollar peg was also defended by Sultan Nasser al-Suweidi, the UAE central bank 19 December 2007 KUWAIT: Could oil producing countries drop the dollar for a more stable currency? Iran's recent announcement that it would stop using the dollar in The dollar is weakening and Hank Paulson couldn't be happier. But if the drops too far too fast, everything America buys from the rest of the Dropping won't raise most consumer prices until new year In fact, some retailers say they're dropping their prices in response to flagging consumer confidence. The U.S. Dollar Index traded on ICE Futures in New York, which tracks the currency Arab economy is blocking other states from dropping their dollar pegs. Venezuelan President Urges Group To Drop Dollar As Oil Pricing Standard And Warns Iran Attack Could Double Oil Prices AMF Chief Urges GCC States to Drop Peg. P.K. Abdul Ghafour, Arab News The latest call for depegging from the dollar came from Jassem Al-Mannai, chairman of the Brasilia, Brazil COGwriter Brazil and China are attempting to drop the for international trade: Brazil and China eye plan to axe FE Report<br>The inter-bank call money rate dropped further Wednesday in the inter-bank market, but the US dollar maintained Opinion: Consequences of dropping dollar ( 2003-12-27 09:17) (China Daily) The slump in The weak US dollar is now a hot topic across the world money markets. AMF Chief Urges GCC States to Drop Peg. P.K. Abdul Ghafour, Arab News The latest call for depegging from the dollar came from Jassem Al-Mannai, chairman of the You are here: Home " Bureaucrash HQ " China Suggests Dropping A drastic reduction in the demand for the Dollar which would mean that the rest of the Dropping won't raise most consumer prices until new year In fact, some retailers say they're dropping their prices in response to flagging consumer confidence. Why Is The US Dollar Dropping So Fast there are many reasons why the US has lost nearly 60% of it's purchasing power in just the past 4 years alone KUWAIT: Kuwait unshackled its dinar from the tumbling US dollar yesterday and switched the exchange rate mechanism to a basket of currencies, throwing plans for Iran drops from oil deals: report. Major crude producer Iran "The is an unreliable currency, considering its devaluation and the oil DUBAI - The UAE Central Bank ruled out any move to drop dirham's peg despite fears that a further fall in the value of greenback against No plan to drop dollar peg: Riyadh. Central bank governor says other options could be "The dollar peg has served our interests very well since 1986 and The United Arab Emirates has not ruled out dropping its currency's peg to the dollar but would only do so with the support of other Gulf Cooperation Iran drops from oil deals: report (AFP) – Dec 8, 2007 "At the moment, selling oil in dollars has been completely halted, in line with KUWAIT: Could oil producing countries drop the dollar for a more stable currency? Iran's recent announcement that it would stop using the in Why the is Dropping Like a Rock. Posted by Dr. Mercola | April 26 2008 | 97,786 do with the value of the U.S. dollar, which is dropping precipitously. Stock market drops, strengthens. Updated: Tuesday, 08 Dec 2009, 5:24 PM EST Investors sent the dollar and Treasury prices higher in response to the day's news. Dollar drops: Good news and bad. By Jack Crooks. Many believe a lower dollar is the only Failure could spark protectionism, a crisis, and a global financial Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Consumer Spending, Central Banks, Inflation, Gold, Outsourcing, US economy, Alan Greenspan, Ben "The dollar is weakening because the U.S. has the lowest short-term interest is signaling that it will drop the dollar peg and appreciate the yuan DUBAI, 28 February 2008 — The United Arab Emirates should drop its dirham currency's peg to the to help fight soaring inflation, the chief