The first time it happened was 31 years ago. Is there a possibility that US dollar will keep fluctuating and never to regain back its value again.
2007-09-20 14:13:18 · 6 answers · asked by oscar c 5 in Arts & Humanities ➔ Philosophy
kinda suspicious
just one step closer to the North American Union....
2007-09-20 15:19:53 · answer #1 · answered by Anonymous · 0⤊ 3⤋
I happen to love the UK. I'm a major Anglophile, right down to the DVD's I watch (I'm a HUGE Mock The Week fan). They are probably the only ally the US has ever reliably had. Them and Australia and New Zealand. But look at the group, and what do you have? English speakers. Our cultures are virtually the same. Our systems of government are different, and yes, now, economically we are the big brother to Britain, but I in no way ever think of the Brits as our lapdogs. More like our more learned aunts and uncles. We in the US can learn a LOT from the UK. And we try to.
2016-05-19 21:43:34 · answer #2 · answered by ? 3 · 0⤊ 0⤋
There are a few main reason this has occured. First of all, the Canadian Dollar has risen from $0.60 5 years ago to $1.00, something that was not totally unexpected. Second of all, the American Economy has been weakened by several factors, mainly the Subprime crisis you are experiencing in relation to your mortages. Finally, factors such as an increase in oil prices per barrel, loss of maufacturing jobs, and political issues including the war on Iraq have caused the dollar to weaken.
Hope this all makes sense
2007-09-20 14:30:31 · answer #3 · answered by Princess Smiley 2 · 2⤊ 2⤋
Hehehe. There's an -extremely- good chance that's exactly what's going to happen. We've been ignoring basic economic principles and issuing fiat currency for 50+ years, and it's all starting to catch up to us.
As Stripe (in Gremlins II) observed, "We're advising our clients to put all of their discretionary funds into canned food and shotguns."
Doug
2007-09-20 14:48:17 · answer #4 · answered by doug_donaghue 7 · 1⤊ 1⤋
The dollar is collapsing. Watch out for the fall out .
2007-09-24 01:06:23 · answer #5 · answered by Mogollon Dude 7 · 0⤊ 1⤋
why i don't know exactly why it rose but i am glad that our canada dollar have increased if you read the news paper it will tell you why because why is part of the 5 w so it will tell you why
2007-09-20 15:12:36 · answer #6 · answered by hockey fan 3 · 0⤊ 3⤋