LJWorld.com weblogs Reality Check w/ Ben Swann...
Posted
by Kuinaussie
May 4, 2011 at 4:41 a.m.
its slipping away, and fast, please take heed...
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when i lost my job in 08, in lawrence, i was making just under 16 bucks an hour. at then, the exchange rate for the australian dollar was at around 65 cents.
i moved to australia, and currently i make, for the same work/profession, and earn over 23 dollars an hour, and the exchange rate is over 7 cents greater converting to the dollar.
so in just under three years, the american dollar has lost over 50 cents to the australian dollar. not to mention the british gains as well.
i only make this point because this is a figure that is done daily. and for the last six months, the media/spin doctors/politicians have tried to say the economy is growing.
how can it be growing, if it continually loses ground to other nations monetary system?
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