22 Oct 09
The dollar will continue to be a major world currency, but its relative value may continue to decline against major currencies. The thing is that nobody knows the future, we just have an indication that there is more borrowing and spending on the horizon...
That article about countries moving away from the dollar seems to be in part a flexing of newly gained economic muscle. I did find it strange that oil would be priced in dollars in the first place...
Too much spending and too little earning...
22 Oct 09
Originally posted by epiphinehasfor the dollar "to completely tank", America itself would have to completely tank.
Any thoughts on how long the U. S. Dollar will last? What will be the consequences for America and the world if the Dollar completely tanks?
If the latter occurred, the "consequences for America" are obvious.
22 Oct 09
Originally posted by eljefejesusI expect to see a certain weakening of the dollar in the coming decades as other countries (especially China, India, and Southeast Asia) become ever more developed, and the world economy continues to move away from the almost total dominance by America that prevailed after WW II.
The dollar will continue to be a major world currency, but its relative value may continue to decline against major currencies. The thing is that nobody knows the future, we just have an indication that there is more borrowing and spending on the horizon...
That article about countries moving away from the dollar seems to be in part a flexing of ne ...[text shortened]... would be priced in dollars in the first place...
Too much spending and too little earning...