Coined by the financial news anchor Larry Kudlow from CNBC when he referred to the devalued U.S. Dollar compared to other international currencies.
Very
popular among economists but gaining popularity because when you travel abroad your
money buys less foreign
money, making travel overseas more expensive than before
“I don’t know when the dollar is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.”
Example 2
-Joe: Hey bud what are you doing this summer?
-
Ken: Going to London to visit family!
-Joe: Whoa, nice, I bet you're going to spend a lot of
money there
-
Ken: Yeah, I got some savings but my money ain't worth
Sh**t over there, cant buy many things with these U.S. peso over there!!!