There has been a lot of speculation recently about the health and strength of the U.S. dollar (USD). The future is grim, it is said. The dollar could devalue and collapse, it is rumored.
Of course, these rumors have been rampant ever since President Nixon severed the link between gold and US currency in 1971. Since then, there are always a few Chicken Littles clucking about the sky falling – or in this case, the value of the dollar.
While the value of American currency has indeed fallen – especially in the last ten years — is it enough to be a cause for alarm? (more…)