would the american dollar gain any ground on other currency's?
2007-07-15 05:59:41 · 11 answers · asked by Anonymous in Politics & Government ➔ Government
After any election the feeling of promise and such usually rejuvinates the economy for a short period. (For example when Clinton left). This is usually ended by the time they actually take office (For example Bush opened his mouth)
2007-07-15 06:03:33 · answer #1 · answered by cosmiccastaway 3 · 2⤊ 1⤋
No. The US Dollar is backed only by the faith of the American people and the world who like that we are a relatively stable place and that the dollar is a stable currency. Bush has nothing to do the that equation. Its the World Bank and the International Monetary Fund along with some other monetary powerhouse that drive the dollar. We also make deals with other countries so that the dollar falls and raise to benefit other currencies. For instance the Euro and Pound are up on the dollar. That will change as the WB and IMF move money around the world.
2007-07-15 06:20:00 · answer #2 · answered by Anonymous · 0⤊ 2⤋
The American dollar is nothing more than paper, and it is worth only what you can get in return for it, in products and services. It was, at one time, backed by gold and silver deposits, and redeemable in such. That is no longer the case. Money is issued and valued by the Federal Reserve Bank, a PRIVATELY held corporation. Does anyone else see the problem with that ?
The dollar gains and loses ground whenever the bankers,(mostly foreign,by the way) decide is will.
:-(
2007-07-15 06:24:55 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It depends on who gets elected. Democrats normally have a negative effect on the economy. Republicans generally have a positive effect. In 2006 when dems took control of congress my investments went down. Now that the market has learned that this congress can't really do anything they are going back up.
2007-07-15 06:06:44 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Bush leaves but his mess will be around for generations to come. anyway, another puppet will be the president; presidents do what the corporations wants them to do. their money elects them not the people. looks like that you are worried about the money you have saved up more than the future of this country and the world!
2007-07-15 06:31:25 · answer #5 · answered by macmanf4j 4 · 1⤊ 1⤋
Bush and Cheney will be impeached. The dollar is trash for 20 years to come. Bush and the Republicans have ran up a $9 trillion debt.
2007-07-15 06:04:50 · answer #6 · answered by jack09 2 · 4⤊ 3⤋
Probably not. A Whitehouse in transition is traditionally a period of volatility in the marketplace.
2007-07-15 06:04:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i can make bush leave his office
but first give me 10 points
:)
2007-07-15 06:12:02 · answer #8 · answered by CHAMP 1 · 0⤊ 0⤋
Bush started a war we will be paying for for years to come :-(
2007-07-15 06:08:54 · answer #9 · answered by bella36 5 · 1⤊ 1⤋
i just hope the next president doesn't reck the economy.
2007-07-15 06:04:25 · answer #10 · answered by billnzan 4 · 0⤊ 0⤋