That means if you have $10,000 in the bank, it is now worth $5000. Ouch...
2007-03-26 07:01:33 · 16 answers · asked by jeb black 5 in Politics & Government ➔ Other - Politics & Government
while the euro gains value all the time... and wait for the pound to enter the euro-system! euro rocks!
2007-03-26 07:05:00 · answer #1 · answered by maroc 7 · 2⤊ 0⤋
Actually it has gained back about 10-15% in the last three or four months. Money fluctuates, the US dollar was at an all time high when 9/11 happened. Since the US dollar is the means by which other currencies are measured it doesn't really rise or fall anyway, the other currencies do.
2007-03-26 14:09:10 · answer #2 · answered by kissmykumbaya 3 · 1⤊ 0⤋
How are you measuring this loss of value? Inflation is relatively low at the moment in the US.
If you mean it has lost half of it's value against other currencies, the dollar is not strong, and until the deficit is resolved it will not be, but half of it's value is a pretty wild exaggeration!
2007-03-26 14:14:27 · answer #3 · answered by Sageandscholar 7 · 1⤊ 0⤋
The dollar is still worth a dollar in the US. The reason that the US currency has lost vaule is that the overseas markets are outperforming the US in trading. Think about it Dell is based in India, any high-tech product is from Japan or another asian country, and German, Japanese cars have higher resale value in the US...The way we get the value of the dollar up is to BUY AMERICAN PRODUCTS!!
2007-03-26 14:09:25 · answer #4 · answered by Chris 2 · 2⤊ 1⤋
Money is only worth what you can get for it. Foreign exchange rates do little to effect the prices of goods and services in the US. Flat screen TVs are cheaper now than 2 years ago, as are computers, phones, appliances, and almost any comfort product. Interest rates are still historically low, and Bush's tax cuts have left all working people with more money in their pockets. Your picture of gloom and doom is at odds with the reality before my eyes
2007-03-26 14:14:12 · answer #5 · answered by espreses@sbcglobal.net 6 · 1⤊ 1⤋
You are incorrect. The dollar, when adjusted for inflation, has only lost 16% of its value. Read more worry less.
2007-03-26 15:57:36 · answer #6 · answered by CHARITY G 7 · 1⤊ 0⤋
I realize that every time I go to Wal Mart and pay $1 for a piece of junk made in China. I used to pay $1 for a piece of junk made in America.
2007-03-26 14:10:02 · answer #7 · answered by Crystal Blue Persuasion 5 · 1⤊ 0⤋
Only Half? U.S. currency is not backed by anything but a promise to pay If you closely examine U.S currency, it is merely a promissary note. It is counterfeit money.
2007-03-26 14:29:46 · answer #8 · answered by mark747 4 · 1⤊ 0⤋
Our money is worthless. It's just paper. Research the Federal Reserve.
2007-03-26 14:35:20 · answer #9 · answered by damnezletout 2 · 1⤊ 0⤋
American dollars value is just imagination.
2007-03-26 14:24:15 · answer #10 · answered by Jose R 6 · 0⤊ 0⤋