Is Walmart is the major reason the U.S. currency is decreasing because it imports more stuff from china?

Question

My friend hates Walmart, it really doesnt bother me. I go there when I must. He argues that walmart imports more stuff from china than anywhere else, thus our U.S. dollars are losing its value. I guess more abundant cash flow decreases montenary value. He gave me statistics (that i cant remember) of how much more wal mart makes as opposed to the U.S retailers all together. And how much unemployment there is because of it..we all know Walmart is the biggest retailer in the world and I really want to know if this is all true.

great answers with support will be greatly appreciated.

Answer 1

noo thats not it... its becuase everything here is becoming more expensive due to rising gas prices so there for if everything is more expensive well then ur paycheck must increase so there for everything rises which can cause inflation and america is having to produce more money everyday...and i also read in money because more ppl are using creditcards and going in debt many of our products are losing its value so there for it decreases the currency...hopes that helps

Answer 2

I know a lot of people that hate Walmart & won't shop there for various reasons. They are not the only chain importing huge amounts of goods though. Go look at the mall. How many clothing items can you find made in the U.S.? Not many. Actually, very few products are being made here anymore. Corporate fatcats have everything made overseas becuz it's much cheaper than paying an American to make a high quality product via good labor laws and strict product safety rules. But Americans continue to buy the cheaply made items from countries with no qualms over slave labor or safety issues.
If you truly look into Walmart you will find that it REALLY is bad for our country & that we ALL pay one way or another for their "savings" while they continue to be one of the richest corporations ever.

Answer 3

The exchange rate of the dollar is determine by the flow of money between nations. Trade is only part of that flow, there is also money flow due to investment. The fact that the US savings rate is not only at an all time low, but negative means that foreign investors are needed to finance the US Government, industry and even our home mortgages is producing a weaker dollar. Walmart is just a cog in the machine of our over consumption,

Answer 4

Wal-Mart isn't the reason our money is losing its value, it's just one example of our move away from a manufacturing economy. There's also the huge and fast-increasing public debt, the subprime mortgage crisis, the loss of faith by investors, etc.

What we sometimes hear called 'American-style capitalism' is not sustainable. It's all based on achieving short-term goals at the cost of long-term ones. We're fixated on the next election, the next quarterly report. Fortune 500 execs want to make their stock go up a few points just temporarily so they can make their millions and then take their 'golden parachute' and bail out, and they don't care about (or think about) what happens after that.

Answer 5

I don't know, but Wal-Mart isn't the only retailer that sells goods made in China. They're just the biggest.

Answer 6

yes, walmart is one of the many reasons for the decrease. other major companies like matel and fisher price has their products made in china. the things that china makes are usually hazadous and easily broken, which means big compaines has to recall millions of dollars worth of products.

Answer 7

No. The real reason is the U.S. government, which keeps increasing the budget deficit.

Answer 8

i think its an american problem
everytime i call like sears
i talk to someone who can barely speak any english
i think that us americans can answer phones but companies wont pay for it they would rather pay some other countrie