The US dollar is losing value . Yet the US Government is spending more and more Borrowed money. Why is this ?

Question

In the last 98 years the us dollars value has fell 98% in relation to the average worldwide currency. Yet the US is spending billions on the war in IRAQ every day. The US Debt is estimated at 10 trillion dollars. To put this in perspective ; to get out of debt today. Every US citizen would need to pay 100,000.00 dollars each !!!!! Where did all this money GO ? There are many answers online to search through. Although many just speculate.

Answer 1

The legacy of Prescot Bush.

Prescot, Jr. and nephew G.W. have sold our future to China.

Answer 2

The dollar is just a piece of paper based on nothing. Since Nixon abolished Bretton-Woods it is all a shill game.

I suggest you go to this website and read some of the articles plus read a little history of the federal reserve system and how this countries money supply is controlled by private bankers. Not the United States Government. Kennedy was going to eliminate the Federal Reserve System. Bang Bang

check this website

www.prudentbear.com

Oh where did all of the money go. Well you have the top 1% of the populace who control something like 90% of the wealth.
Big business who also happens to control the government.

Go to guy. You need to read a little bit. This country is walking a tightrope and all it would take is for the dollar to tank and the party is over. this country is bankrupt and we will have a depression that will make 1929 look like a party. this country is on the edge of bankruptcy. We produce nothing in this country anylonger. We are a services based economy. The economy is not healthy. The unemployment numbers are a crock. Peoples income is going down. People are living on debt. i.e. taking money out of their houses to buy crap. We have a negative savings rate. It is a house of cards and the day they stop selling oil for dollars is the day it all falls apart.

Answer 3

As the dollar devalues, the debt increases...That is why inflation is such a bad thing..it never happened while we had a gold backed dollar..it only happens with a fiat dollar.

The inflation will continue to skyrocket until we go bankrupt.

Answer 4

certain. All of those countries do not favor to settle for the dollar anymore for fee because we are printing further and further. it truly is all portion of the plan with assistance from Obama to kill the dollar and performance a international overseas money.

Answer 5

Bush has the military trespassing and flushing money down the toilets as fast as they can. The oil companies are having record profits so all his friends are becoming rich. Cheney has his men building gigantic military bases and torture chambers on other countries property. It all adds up.

Answer 6

Wrong. A weak currency is good for America. China, and India devalue their currency to boost their economies.

Some how, most Americans are confused about the value of currency. America exports more and imports less when the dollar is weaker.

Japan weakened its currency in the 1980's. That is why they were able to sell high quality cars at the same price as American cars. The yen was trading at 250 to 1 dollar. Now the yen trades at 120 to one dollar (just last year it was 110 to one dollar). At 250 yen to one dollar, a $40,000 japanese car sells for $20,000 in the U.S..

Answer 7

it's too late to do anything about it
just live your life and make sure when you retire
you have enough to survive

Answer 8

I don't believe it, where did this stat come from? I think you're not right about this or even close, the job situation is good, inflation is down, you are not even on the same page as reality.

Answer 9

http://zfacts.com/p/318.html