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"A weakened currency is the ultimate result of all the financial fraud and thievery you always talk about."
then why do you s drone on about the value of a currency as the result rather than about the financial sector as the cause?
Tell the Europeans that the value of your currency is of no concern to an economy.
A weakened currency is the ultimate result of all the financial fraud and thievery you always talk about.
"A weakened currency is the ultimate result of all the financial fraud and thievery you always talk about."
then why do you s drone on about the value of a currency as the result rather than about the financial sector as the cause?
To the op, don't waste your time worrying about it. The dollar isn't going to fail. High interest rates are in your future ,as CC said, but the world isn't going to end.
The backing of the U.S. would mean jack to other nations if the dollar collapses, tbh....
As long as other countries' currencies are backed by dollars, the dollar will continue to survive- even with the US going through a depression. Govts, industry, and rich people the world over all depend on a strong dollar, and as the main actors they will do everything in their power to keep it valuable. The main thing is Bretton Woods, and it would probably take another world war to get that dramatic a change. In that sense the US military budget can be somewhat justified, because the US military is so large that that kind of threat is almost impossible, and it will take more than just a few terrorist groups provoking small (but still unnecessary) wars to really change that.
One of my cousins in argentina once told me in his own poetic way, that no matter how weak the dollar he'd never swap his stash for euros or anything else. Why? Because when we've almost finished killing this planet and you have to buy a ticket to go live in space, the people selling tickets will be american.a weak dollar is just a good reason to buy more while they're cheap, and that logic will always keep the dollar high enough to be bearable, even if people in the US are used to a much more vibrant economy.
High interests rates? When?
Would people stop buying American products if our currency collapsed? I don't think so, but lets not kid ourselves, the U.S. dollar is the world reserve currency...pretty freaking impressive considering its never been done before...ever.....everyone has a stake in the US currency....
by the way, I expect the economy to keep sputtering along until we do raise taxes on those making over $250K and show the world we are serious on paying down our debt...
high interest rate is a natural byproduct of economic growth just like smoke to fire imho. USD ain't gonna fail and almost all the countries, not just US will try their best to ensure the USD will survive because they're all bonded to the US currency. a hypothetical failure of US dollars will cause a devastating tsunami enough to eat the whole world alive
I'm just not seeing anything to get the money moving in the near horizon, maybe real estate will heat up again, people need something to safely throw their money into besides the all ready over inflated gold and silver markets...If Obama can get his middle class tax cut extension and a new stimulus bill, then I would start to worry about high interest rates...
tbh the world's economy is bonded together to such an extent that it can't afford to let any major currency (like US dollar) fail. the collapse of USD would hurt other countries just as much as it hurts us, if not more. at least the US still has tons of gold stored underground in manhattan
If you have $2m in the bank or a lot of people owe you money i can understand being concerened about inflation but if you are living paycheck to paycheck or an approximation and/or have outstanding debts then inflation is good for you.
When uncle Ben says so. I think he has committed to keeping them low through 2015.
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