Why is the dollar worth so little lately?
anyone know?
Answer:
All currency values go in cycles and the current situation is no different.. Remember the peso was so low in the 90's it took a suitcase full to buy anything. The dollar will come back up. The NY stock exchange is booming right now!
"Beginning to withdraw their money from the states" ??
That's a new one.
Its because of decades of trade deficits, and a federal debt skyrocketing out of control.
Inflation coupled with the fact that's backed by less gold.
Well, the more money you make, the less it is worth. If we don't get the national debt under control our money is going to be worth nothing. If we don't quit borrowing and printing extra money the dollar will be worth less than the peso.
Not sure but it sucks! I am in Europe right now and I can tell you, it is Weak!! It is embarassing against the Euro and the British pound. In Hungary the exchange for the dollar is as of today, 176 and the pound is 341. The exchange for the Euro is around 241. This is for Hungarian forints. You can see how weak the dollar is.It is costing us around $6.00 a gallon for gas here. I will have to work overtime when I return to the states.The good thing is that food is cheap and fresh here..
It's simply a means of making foreign goods more expensive to reduce trade deficits.
An increase in the minimum wage should be expected to devalue the dollar as well.
Because of the giant trade and government debt, those who trade in currencies (dollar, euro, yen or whatnot) realize that eventually these debts will have to be either repaid or refinanced, and that the US government will likely inflate/devalue the dollar in order to pay these debts.
If oil weren't priced in dollars, you would see the dollar even lower than it is already. There isn't much other demand for dollars, as the USA produces very little to sell to other countries.
This happened one other time in US History and ended up with the Great Depression.
We are in a war and therefore eventually we should of expected our pockets to develop holes in them.
I don't know about people withdrawing their money from the states.
As to why it is devaluating so badly, check out the AMERO.
It is part of the plan to unite Mexico, the US and Canada into the North American Union.
We will then use the Amero to pay debts and it should be equal to the Euro.
Eventually we will be one world community, Democracy will be written in the history books for our grandchildren as a failed experiment. Control of the world will fall to a few select and their will be nothing anyone can do.
The way our Government is handling immigration and our finances, invading other countries, it all serves to divide our citizens. When we are divided we concentrate on our own specific issues and miss the big picture.
Many will say I am paranoid, go ahead, look at history, compare the moves being made by various governments and connect the dots.
Devaluating our dollar is only a small portion of the plan for a New World Order. Why else did Bush give control of the nations banks to one of his Skull and Bones compatriots.
GOOD SIGN THAT THE REST OF THE WORLD DOESN'T NEED AMERICA TO PROSPER!
The dollar is very weak on the world market it has been a great loss in America purchasing power over seas, it is good for tourism in America as American products are cheaper.
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