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Thread: How long will US dollar's decline last?
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[quote=GARYKINKADE,275593]Currency deprecation and the lowering of domestic interest rates(i.e. domestic inflation) creates a lowering of the standard of living for the average individual. Wages tend to lag ( a given) the inflated currency. The only time an individual will benefit from inflation is when items are purchased on a contract at a set price (house) and the interest rate can be negiotated down to reflect the lowering of interest rates. This is fine as long as the individual remains in the house and can afford the inflated taxes and utilities. The scenario or excuse that a depreciated currency will make exports of that country cheaper might be true, but the wage earners suffer for it one way or another. .[/quote]
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