Is it because of this adminstration's habit of freezing Bank accounts without thinking twice or the Iraq War?
It will surely effect the value of American Dollar that will have dire consequences on American Economy.
2007-01-23 08:36:03 · 11 answers · asked by Dr.O 5 in Politics & Government ➔ Other - Politics & Government
No offense but for finance (banking and insurance) London has been more of a financial capitol of the world before New Amsterdam became New York.
Banking and insurance have both helped fuel the 1sq mile of London City into the most valuable real estate and highest salaries in the world.
When the major banks and corporates fled Hong Kong at the point of handover they went to London which only helped.
The dollar is 'suffering' for a number of reasons but one of the main reasons is that during the 90s the dollar was overvalued. The fed is actually doing the US a favor by devaluing the dollar which is helping reign in inflation. Also, with the UK paying of it's WW2 rebuilding loan the lein that the US had against the GB Pound is gone and thus providing a small boost. I fully expect the £ to breach the miracle £1 = $2 sometime in the next fiscal.
The dollar's declining value has very very little to do with Bush and Iraq.
Mahal how can everything in a question be incorrect? The only possible incorrect part of a question is in its' answers.
2007-01-23 08:53:56 · answer #1 · answered by Blitzhund 4 · 4⤊ 0⤋
That's alarmist thinking with a view to shifting preeminence. While we retain some sovereignty irrespective of how many squeaky clean hoods are pulling strings, like the gold circuit the market economy follows a circuit as well with it's players opting for sabattical like the Ottoman Empire talking a breather after World War One. No one can afford, ostensibly, cowboy moves. The appearance of same are by consensus. Like the old saying:
" There is nothing like the daring of a man in security. "
Now that I gave your stomach queasies a chance to stabilize after that one I'm sure you can assess what I mean. There are no independents here worldwide. Too tightly bound. About as much as the New York Gangs at the death of Prohibition and the rise of the numbers rackets. Straight and narrow, however, will always win.
2007-01-23 08:41:43 · answer #2 · answered by vanamont7 7 · 1⤊ 1⤋
George Herbert Walker Bush already declared a New World Order in 1991.
2016-03-28 23:08:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Are you suggesting that we allow terrorist to use our country to build their finances? I am willing to let the dollar slide if it hurts them, they have attacked us in the past and I do not want to help them do a repeat performance. Besides, have you ever heard of the British Empire? The Brits have been building wealth or centuris, of corse they are going to have strong economic figures. London has been in the financial mix since befor we were a nation. I have no problem with the Brits, I do have a problem with giving our enemies a hand in getting funds.
2007-01-23 08:59:02 · answer #4 · answered by JFra472449 6 · 1⤊ 0⤋
You're a liberal, aren't you?
Know how I can tell?
Everything in your question is incorrect. I mean everything:
1) Stev above has already corrected one of your points...
2) There is no "financial capital of the world".
3) The financial domination of the United States is not diminishing. Europe is in the process of yeilding to the US as a standards-setter in financial markets and accounting policy. Why? Because we have the most money, the most successful securities markets, and the best and most autoritative standards.
4) The US does not "freeze" bank accounts. Everyone "freezes" bank accounts. In the War on Terror, dozens of countries have assisted. They had to. It was their banks being used!
I'll stop there and let you reconsider your conclusions.
2007-01-23 08:44:03 · answer #5 · answered by Anonymous · 3⤊ 2⤋
And you never mentioned the China factor they low ball everyone in the world to entice being a consumer of their products like Japan did in the auto industry!
2007-01-23 08:40:55 · answer #6 · answered by bulabate 6 · 1⤊ 0⤋
Heh, given the direction Europe is heading, they'll do themselves in before long. I ain't worried about it. Watch how quick we skiddaddle out of this phony "international community."
2007-01-23 08:42:39 · answer #7 · answered by Anonymous · 2⤊ 1⤋
London is not soft on terrorists, if that is what
you are insinuating. They have superb intelligence
and they are not setting themselves up to support evil.
2007-01-23 08:40:14 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Is there any conclusive evidence that such shift is taking effect ?
2007-01-23 08:41:59 · answer #9 · answered by gonzalocamilez 2 · 1⤊ 0⤋
The abolition of slavery probably also affected the US economy.
I'm still glad they did it.
2007-01-23 08:43:02 · answer #10 · answered by American citizen and taxpayer 7 · 2⤊ 1⤋