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By the phase "Other currencies", i meant current Majors like Euro, Yen, Pound and future majors like BRIC (Brazil, Russia, India, China) -country currencies

2007-01-06 19:36:51 · 4 answers · asked by coolbuds 2 in Business & Finance Investing

4 answers

Of course people can speculate, and most will be wrong. China and other countries may not exist as they do today, in twenty years. Unless you have money to burn, I wouldn't invest based on what a currency might do over the next month, let alone the next twenty years.

2007-01-06 21:38:08 · answer #1 · answered by Mark W 1 · 0 0

Yes, I can speculate. The govt debt is over 8 trillion and growing rapidly. Unfunded obligations are probably as great. Balance of trade deficit continues to increase by the billions. The government is unfunctional. The only thing currently keeping the value of the dollar up is the desire of China and Japan to support it so they can continue exporting to the U S. They are however sitting on a very large pile of dollars as is the middle east. Sometime during the next 20 years, I expect the house of cards to come crashing down. The dollar is actually worth about 25 cents relative to the other world currencies.

2007-01-06 20:00:36 · answer #2 · answered by Anonymous · 0 0

American dollar is the Nuemero Uno of all currencies. It is so because they follow the 'strong currency' policy as a dictum. Othere currencies may fluctuate above dollar for a short period but cannot sustain the resiellency of the dollar for long. That is also the reason why dollar is the 'reserve currency' of the World. There seems to be exchnge rate anomalies or America is a benefactor nation unlike other major the reason why sometimes the dollar looses value compared to others. Otherwise there is no need to worry Dollar is Nuemero Uno for long.

2007-01-06 20:53:12 · answer #3 · answered by Mathew C 5 · 0 0

Technically, yes, anyone can speculate on the value of the dollar. Probably be about as worthwhile as calling Miss Cleo on the psychic telephone network.

2007-01-06 19:48:34 · answer #4 · answered by Galt_007 3 · 0 1

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