This isn't your typical diary because I'm just some guy who doesn't really know anything about the economy and all that. I've just seen a couple of articles lately that make me worried and I've got questions for the smart people in the room.
First, here is an article about the Saudi's changing interest rates or something. The article headline says the following:
Fears of dollar collapse as Saudis take fright
I've read the article but don't really get what this could mean for me.
Additionally, Canada's dollar is now equal to the US dollar. How did that happen? Is Canada's economy doing better or what? Is this related to our deficit?
I've really tried following materials that talk about all this but they are all over my head. I want the Idiot's Guide to whatever the hell this is.
What happens if the dollar collapses? What happens to my salary, my buying power at the grocery store and Target? What about gas prices?
Help.