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U.S. dollar declining, Questions |
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11-14-2007, 10:27 PM
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#1
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Super Moderator
Sc0rPi0n is
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U.S. dollar declining, Questions
Why is it declining, I plan on going traveling this summer and I am afraid my money won't get me where I want it to. Will it be up by the summer? Anyone who travels can give me some idea of what I can expect? Thanks
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11-14-2007, 10:59 PM
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#2
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For SPARTA!
KhaOZ is
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Quote:
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Originally Posted by Sc0rPi0n
Why is it declining, I plan on going traveling this summer and I am afraid my money won't get me where I want it to. Will it be up by the summer? Anyone who travels can give me some idea of what I can expect? Thanks
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News channels have been prediction a depression, recession of some sort. They all have different opinions on how severe it will be though. China has been threatening to pull out from under the US Dollar though, which would ruin us. There's a lot more to this than what I'm saying, but if you read up on it all, you'll see what I mean. It's too hard to say what's going to happen, but most agree, something bad/worse than what we're at now, is on the horizon. |
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11-14-2007, 11:15 PM
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#3
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Super Moderator
Sc0rPi0n is
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I don't understand how they gauge currency value. Why has the dollar dropped? How do you fix it?
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11-14-2007, 11:49 PM
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#4
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ƒ¯ƒ¥ƒ°ƒ°,,L
lhurgoyf is
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you make the value stop going down by not printing as much... US dollar is not backed by anything which encourages our habbit of printing more money when we need it.
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11-15-2007, 03:37 AM
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#5
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IceBlade is
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Which in the end causes severe inflation. Printing more money eventually makes your dollar worthless and next thing you know a loaf of bread costs $100. What's that called? Hyper-inflation? I learnt something about it in economics.
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11-15-2007, 12:39 PM
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#6
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For SPARTA!
KhaOZ is
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Could put your money into Canadian Dollars, since their money is worth more than ours.
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11-15-2007, 01:30 PM
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#7
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Call of Duty Staff
eighteesix / Killya is
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our current economy grew past our bullion reserves (the gold bars that backed our currency) decades ago. thanks ww2
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11-15-2007, 02:27 PM
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#8
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For SPARTA!
KhaOZ is
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Yeah, spending $1,200,000,000,000(1.2 Trillion) on the Iraq war hasn't helped it much either.
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11-15-2007, 06:34 PM
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#9
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Halo 3 Staff
NvizioN is
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gg dollaz.
:(.
i'm moving to canada.
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11-16-2007, 01:24 AM
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#10
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Forum Nazi
IceBlade is
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Our dollars are around the same right now.
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eighteesix / Killya
