Equal Opportunity Asshole
Gold Supporting Member
- Jul 15, 2012
- Reaction score
It's purchasing power today, in comparison to it's purchasing power in the past. I mean... The dollar isn't on any standard anymore, so you have to use it against itself.What metric do you use to determine the value of the dollar?
Edit: The company I work for buys most of it's goods from across the pond, to resale... Europe, China, and the Middle East are all suppliers for us.. We've raised prices on so many goods from these places because they are losing confidence in the US dollar, and are raising their prices for purchases using the dollar.
Now... I can't tell you what Metric they are using... But I would assume some bank is guiding their actions.
Edit2: Yes, I understand the media isn't reporting it yet. Wait... It will.