considering the recent bank-bail-out?
2007-08-10 14:04:54 · 9 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
I have to evaluate it first always keeping in mind a very similar situation in Yeltsin's Russia of 1998.
OK, Chi Guy, here we go.
The US Federal Reserve poured $24B yesterday and $38B today (right from the printing press), total $62B.
So, Bernanke dropped dollar approximately 7%.
2007-08-10 14:10:46 · answer #1 · answered by Anonymous · 4⤊ 0⤋
as much as extremely some international locations could extremely desire to "trash" the US dollar, it only won't ensue. Economists desire to take a position and , in particular Conservatives, desire to color some form of worry state of affairs besides the undeniable fact that it won't ensue for 2 significant motives: a million) the US is, by way of some distance, the main important eating united states of america in the worldwide. by way of some distance. We provide up spending, all human beings else stops producing. the worldwide financial gadget will in certainty grind to a halt. 2) the US is the main important company in the worldwide and guess what distant places funds they use to pay all those human beings? All those jobs we exported over the years are paid for in funds. The consequence on each and every society could be completely devastating. the worldwide's nicely-known in distant places funds is the US dollar. Oil is traded in funds. each and every financial degree is in comparison against the dollar. Any substitute could reason a worldwide-huge financial cave in. of path it fluctuates from time-to-time, it continuously has, besides the undeniable fact that it continuously comes back.
2016-11-12 00:01:16 · answer #2 · answered by piazza 4 · 0⤊ 0⤋
Booming economies don't devalue the dollar, Chi, no matter what they do. Inflation does that!
2007-08-10 14:12:26 · answer #3 · answered by texasjewboy12 6 · 1⤊ 3⤋
This devaluing of the dollar you are talking about is because of:
#1. Inflation, and
#2. Everyone buying from Wal-Mart (and others that buy their products from China or whereever.
So, don't shop Wal-Mart.
2007-08-10 14:10:19 · answer #4 · answered by Nothingusefullearnedinschool 7 · 5⤊ 2⤋
there was a very small recesssion right after Clinton's term...today's issue is on the scale of the tech disaster, but is deep in the financials and industrials...if this was 1928, it would be a disaster....buy American
2007-08-10 14:11:03 · answer #5 · answered by Ford Prefect 7 · 3⤊ 2⤋
The economy will keep "booming"
2007-08-10 14:07:53 · answer #6 · answered by Anonymous · 1⤊ 3⤋
Always looking at the bright side.
2007-08-10 14:11:01 · answer #7 · answered by bravozulu 7 · 1⤊ 1⤋
well,,I would say in third world status,,of 50% over the next year or so...as exchange rates drop,,,lol,,,republicans still own the stock market,,its tanking...chow freepress
2007-08-10 14:15:21 · answer #8 · answered by Anonymous · 3⤊ 1⤋
Think of it this way, when our economy crashes, we will take China with us.
2007-08-10 14:11:00 · answer #9 · answered by Anonymous · 2⤊ 2⤋