United States dollar almost doubles in value in a single day

The United States dollar, a real-life currency created by a group of revolutionaries after overthrowing the local authorities in North America, has almost doubled in value over the last 24 hours.

http://www.usatoday.com/story/travel/destinations/2013/07/03/foreign-countries-where-you-can-use-us-dollars/2484391/

Bitcoins per dollar, with rise visible on the right side. source

The currency, that has recently gained widespread adoption, with even sovereign nations choosing to use it, soared to a value that had not been seen since the end of November.

Amidst noticable turbulences on the world’s biggest forex markets in JapanSlovenia and Shanghai, the United States dollar reached the price it last had on November 25th, 2013.

The buck, as some enthusiasts colloquially refer to it, remains highly controversial. Opponents cite fundamental flaws, allowing the money to be created in essentially unlimited amounts. The currency is often used for criminal activities, and is completely anonymous.

This is not the first time the currency has seen a fast rise in value. On April 10th this year, it rose over 60% in a single day. However, the fast rises are dangerously deceiving: after each such gain, the currency slowly devalued each time, in what can be described a slow-motion crash.

Experts are advising against any kind of long-term investment in the United States dollar, as the currency has been losing value for 227 years in a row.

18 Comments
  1. Brilliant! I think I’ll sell my remaining “bucks” for something with true value and massive opportunity for long-term growth. Tell you what, though: my financial advisor thinks I’m crazy.

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  4. I still don’t quite know why I got into these “bucks” back in the day. I guess it was just a wild hair. Now they’re all sitting in the corner with my beanie babies and tulip bulbs. I’m still hoping that they’ll be worth something someday.

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