During the course of the Obama Presidency of the last 3-4 years the American Dollar has been in a frightening decline compared the the world’s strongest currencies.
As Obama prints money and continues his campaign to redistribute wealth, it’s become obvious that the end result, while helping our exports, will be that Americans won’t be able to afford travel abroad and imported goods will become more and more expensive.
The rising cost of oil is also directly related to the value of our currency (its always traded in US Dollars) and there appears to be no end to rising gas prices as our currency is devalued by the Obama printing presses as predicted after he came into office. But of course the Obama Energy Secretary says that rising gasoline prices are necessary to make alternative energy sources competitive.
Following are graphs of the ten (10) strongest world currencies showing the 3 1/2 year decline of our American Dollar.