The dollar is at 32% devaluation, falling from 4.3 to 6.3. Imported goods will cost more. Inflation will go up, gas, oil, food. Jobs are getting scarce again, since the recent legislation to bring in workers from India. Our cost of living goes up, wages stay down.
With currency devaluation, a gold IRA rollover is good protection to have, SmartMoney coverage for estate taxes is gold for your IRA. There are a few choices for Gold IRA companies and Goldline reviews (BBB & more) can help sort it out. Usually the competition drives real wages back up and balance can be restored. Average wages fall, while the rate of exchange doesn’t change or if wages decrease to reflect the status of devaluation. Whichever way returns the back to a normal living level.
Normally, the big banks have been the guardians, as they have seen themselves) and traditionally preferred the fall without a change in exchange rate. They are not talking about it, but with the rising price in gold, someone is listening.