Okay, I travel a lot, and I've noticed that the US dollar isn't doing as good as it used to. Does anyone have any idea when the dollar will rebound? Better yet, what will it take for the dollar to rebound? Right now, the pound sterling is kicking our asses.
2007-03-23 13:43:59 · 6 answers · asked by iceprincessk7 2 in Business & Finance ➔ Other - Business & Finance
Oh yeah, do you predict the dollar value to be up or down by the beginning of next year?
2007-03-23 13:50:46 · update #1
That is a every complicated question. I will try to answer it as best as I can. There is no such thing as money. When I say this I mean in the traditional way money does not exist. In the old days, 40 years ago, a dollar was an amount of gold. You could go to the government and ask for the gold and they could grant it to you. During the reign of the republician it changed. Nixion made the dollar no lower valuable. So why bother sell your soul for a poor imaged green piece of paper. You would have to look at wallstreet. On wallstreet people buy and sell stock. I can't spend a lot of time on this so I will give you the short version. When stock buyers buy less of american stock the dollars goods down. When stock buyers buy more of american stock the dollar goes up. Since the gobal revolution countries have been conpleting for their bussiness to be strong. The plus of having strong buinesses is having strong money. Therefore China take the cake of having the most value in their dollar or should I say yen. Do to another bush American will have to take third place to the after the euro.
2007-03-24 08:53:08 · answer #1 · answered by James J 2 · 1⤊ 1⤋
well....here's how it all works.
When the USA government runs out of money, they make more, thinking it will fix the problem. this of course is a bad idea, since it makes the US dollar worth less than it was before. So the answer is: the US economy is going down the toilet.it's not gonna get much better.
2007-03-24 02:12:31 · answer #2 · answered by farsight_gamz 1 · 0⤊ 1⤋
The dollar will get better over time I guess.
2007-03-23 22:29:40 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Our dollar will olny get better when people stop makeing funny money
2007-03-24 10:34:58 · answer #4 · answered by rodneykacali 1 · 1⤊ 0⤋
a web site that I have found to anwser this same question and check out the links on it too www.wealth4freedom.com take your time a lot of good info
2007-03-24 13:10:48 · answer #5 · answered by Anonymous · 0⤊ 1⤋
It's been in the basement for awhile,but it will increase after the election.
2007-03-24 15:09:45 · answer #6 · answered by tesorotx 5 · 0⤊ 1⤋