2007-03-27 11:40:42 · 16 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
social (below) The buying power.
2007-03-27 11:48:49 · update #1
Yeah, tell me about it. And the federal reserve keeps printing money like it is candy to pay off our ballooning debt. Our financial situation is actually kind of scary. Most people don't realize that the Chinese tie their yaun to the US dollar which helps us a lot...when they break free from us, and let's be honest, one day they will...it's gonna be a scary thing. I really wish people paid more attention to these types of things.
http://www.chinarevaluation.com/forecasts_2005_forecast.htm
2007-03-27 11:48:15 · answer #1 · answered by ♥austingirl♥ 6 · 0⤊ 1⤋
You obviousely have no concept of economics. Much of that money was spent on rebuilding Iraq, and these comanies like haliburton are paid for it, therefore moving the money back into the US ecnonomy. Also, under Bush the economy is stronger, there are more jobs, the GDP is good and with his tax cuts all that money will be paid back very quickly.
Penny pinching liberals would rather be slaughtered than waste a penny.
2007-03-27 18:51:07 · answer #2 · answered by Anonymous · 0⤊ 1⤋
CPI is pretty tame right now..... gold is up, so are some other currencies, though not all...... I don't know, there is an effect, I'd put it at maybe 25, 30 bps on the ten year Treasury.... but you're posting on this almost daily, making it sound like it's a crisis of Weimar proportions, and that's just not accurate.
2007-03-27 18:55:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When Bush is finished wrecking the US Treasury the Dollar will be like ancient Roman Drachma.
Worthless but humorously collectible.
2007-03-27 18:49:58 · answer #4 · answered by ? 2 · 1⤊ 0⤋
Same as it was after we spent more than 1 trillion dollars on Vietnam and Korea.
2007-03-27 19:21:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The value of the US dollar has little to do with that. This subject I do know about.
What im not sure of is if you are talking about the buying power of a dollar then vs now or are you talking about its value in relation to other currency such as the euro or pound etc..?
2007-03-27 18:45:29 · answer #6 · answered by sociald 7 · 0⤊ 1⤋
The same as before ZERO, why all our money are Bank Notes, being worthless, one would argue no its not I use it every day and that is true. But with a stroke of the pen all your number could be wiped out. How much did you loose to higher gas prices, with larger starter homes being built compared to you income, = zero no matter how you add your numbers, there is no money only numbers
2007-03-27 18:51:10 · answer #7 · answered by man of ape 6 · 0⤊ 0⤋
Our "American" Dollar" is only worth about .40 cents now!
How much lower can it get?
Ever go into a Grocery and try to buy any thing for .40 cents?
2007-03-27 18:50:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
As much today as yesterday, one doesn'thave anything to do with the other! If you are worried about spending try stop foreign aide at $480 billion a year! Or maybe all the government giveway programs!
2007-03-27 18:44:10 · answer #9 · answered by Anonymous · 0⤊ 2⤋
"real income" has gone down every year that Bush has been in office. the value of the dollar is already going down. and will continue as long as he is in office.
2007-03-27 18:49:36 · answer #10 · answered by truth seeker 7 · 2⤊ 0⤋