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Any US citizen concerned about this roller-coaster economy should look no further than our pathetic dollar. By this point, I'm used to seeing a weak dollar versus the euro, but according to this recent report , the US dollar is getting hit on all sides. This is not a new trend, it's been going on for the last seven years, and you are lucky if the cable news networks, even the hacks on the financial channel spend five minutes a week on such an important issue to Americans.It's bad enough that our savings accounts suffer from these extremely low interest rates - the only thing the Fed uses to head off a full recession - but with the declining value of the dollar, we are watching our savings literally evaporate. At the same time the US Treasury is churning out more confederate dollars, backed by nothing while foreign nations like China buy and then cash in our bonds helping keep the dollar weak.Do you remember when a dollar was a dollar? Neither do I, but my grandparents tell tall tales of our money supported by gold or silver. Today the only thing keeping the dollar from drowning is the thrill-a-minute world of currency exchange that no living human truly understands at this point. If I were you I'd hedge my bets .You know something is wrong when local malls start having currency exchange booths. Next, Southern States will start accepting Canadian dollars and shopkeepers will open their eyes wide when someone wants to pay in euros. Reminds me of my time in the Czech Republic in the mid-1990's when my dollars were getting crazy exchanges on the street - allowing me to live in backpacker luxury. Now Europeans fly to New York for "bargain shopping" - not a bad thing for them but a very real reminder to us Americans that the economic shoe is now on the other foot.
Hillary and Obama really went at it in this video of the South Carolina Democratic debate. Wow, it's getting personal and the Clinton's are starting to show their true colors - which apparently is White Trash. Hey I love Bubba for his foreign policy moves and his economic genius, but if the Clintons were living below the poverty line they would be the types of people that would run into your car to sue you or pretend to slip on a wet supermarket floor.These kinds of attacks are making Obama look even better and making Hillary look like "more of the same" from Washington. While Obama
This news report says New York City is thinking of forcing an R rating on movies that show people smoking cigarettes. For the record I don't smoke but last I checked it's still legal and this is just the latest witch hunt in the war against smoker's rights.So NYC thinks that keeping kids from seeing smoking in movies is going to change anything? What about all those New Yorkers that have been forced to the sidewalks to smoke - don't kids have to walk by them everyday? Just another knee-jerk reaction to a minor issue -something we are good at here in the US. This is just another example
i don't know US dollar can recoup their value back or not in the future. But currently many people is really take advantage of decreasing of dollar value.
well it ought to be time for the government there to start giving packages to citizens now.Just bad timing of US dollar decreasing doesn't help them much
I dont see any future in Dollar values. I am a freelance web designer and certainly preferring to get paid in Euros.
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Lew
Mar 3 06:36 pm
Seriously...if everyone in the united states and i mean everyone or at least the vast majority were all to spend like 5 or 6 thousand dollars on things like new computers or other things that are made in the u.s., gm cars or chevy or something, our economy would be on the up and up. but instead, all of the people who live on a generaly low income are afraid of the decreasing dollar and are putting it all into savings and not into circulation, its a simple supply and demand theory that my govt. class is working on.
That is an overly simplistic Bush-minded answer. Money in the bank is in circulation - via loans, your money does not sit there, banks loan out your money in return for interest. But with low rates, Inflation and a very weak dollar there is little buying power left.
And if everyone bought a computer (with parts made in china/taiwan/singapore)or a car (made in china or mexico by a us company) that would only help the current economic quarter. We would have to do it all over again next quarter if things stay the same.
Besides, you assume everyone has 5-6k in the bank when US savings are at an all-time low. People buy things on credit, they live check to check. that tax rebate will be spent on paying that credit card.
Your teacher is a teacher for a reason: "Those that can, do. Those that can't, teach"
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Soon everyone in america will get $300 from that stimulus package. What do you think, will it help the economic and the people