2006-08-01 03:38:07 · 18 answers · asked by wadali 1 in Business & Finance ➔ Other - Business & Finance
The government has been borrowing money from the American People in order to even print more money since the government ran out of enough silver and gold to back up every dollar they made.
A long time ago, the paper money used to have a stamp with "Silver Certificate" or "Gold Certificate." That stamp meant that there was enough silver and gold to cover the amount of bills being used to buy and sell goods.
If you look on the paper money now, you will read the word "NOTE." When you take out a note, you are borrowing money and promising to pay that money back. When the United States ran out of enough money to cover all of the bills that were being used to buy and sell, they had to start asking the American public and others to "take them at their word," as in a promissory note, that they would pay us back for borrowing the money from us.
Instead, Americans are paying our government to borrow our money every time they print a bill.
2006-08-01 03:44:51 · answer #1 · answered by Anonymous · 1⤊ 2⤋
imagineworld is a doodoo brain!! Bush has nothing to do with the value of the dollar on the world market. That is regulated by commodities such as wheat, rice and crude oil. The European Union is in trouble, and has been since its inception. Expect to see the Euro-dollar sink in value as time passes.
2006-08-01 10:45:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You mean will the currency become stronger with respect to other currencies. Weaker might be better, especially if you are trying to sell good to other countries. Some feel that the U.S. could use some of that right now.
2006-08-01 10:41:44 · answer #3 · answered by presidentrichardnixon 3 · 0⤊ 0⤋
As soon as Bush is out of office. The world has lost confidence in us and that's what's happening.
2006-08-01 10:41:40 · answer #4 · answered by imagineworldwide 4 · 0⤊ 0⤋
Not the way our government is set up.
If this bill is passed to raise minimum wage to $7.15. inflation will be out of control.
2006-08-01 10:41:42 · answer #5 · answered by cirestan 6 · 0⤊ 0⤋
yep, soon as a president is in office who is fiscally conservative, and brings back the meaning of the dollar.
2006-08-01 10:42:15 · answer #6 · answered by powhound 7 · 0⤊ 0⤋
Probably never. It all depends on so much. Like the Stocks and loan, also other countries, and so forth.
2006-08-01 10:41:42 · answer #7 · answered by tjnw79 4 · 0⤊ 0⤋
Yeah.. When the BUSH Administration is over..
2006-08-01 10:43:03 · answer #8 · answered by emac4lyf 4 · 0⤊ 0⤋
Sure. They will keep making elevators for a long time to come.
2006-08-01 10:41:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes.
2006-08-01 10:42:54 · answer #10 · answered by schillinfl2 3 · 0⤊ 0⤋