are we going to be fine soon??? is it just temporary??? since a lot of people say that every time the US is at war the dollar always falls, the leftists says that the US will recover and become even more rich and powerful since the US supposedly already stole Irak's oil, what do you peepz think???
2007-10-08 00:07:39 · 9 answers · asked by Anonymous in Politics & Government ➔ Military
is the US dollar slipping down even related to the war???
2007-10-08 00:08:10 · update #1
The value of the US Dollar is decreasing but it's only indirectly related to the war.
Shortest answer is, "The more you owe, the less you're worth"
The US owes China and other countries trillions of dollars in borrowed money and interest payments. The more we borrow, the less our reserve capital is worth, because more and more of it has to be used to "service" this debt (meaing making interest-only payments, and not reducing the balance of money owed).
The US is not stealing the oil in IRaq for its CITIZENS (this government has made it abundantly clear they care not one bit for its citizens), that oil is to make Shell, Exxon and Gulf untold Trillions in revenue. Do you think the parents of slain soldiers in Iraq are going to get gasoline discount cards or something?
We will be paying off this Republican debt for the next 30 years.
Thanks George, and with your tax cuts on the wealthiest, it could take even longer to pay off.
Gee I miss the Democrats and their insistence on fiscal responsibility in Government.
2007-10-08 00:23:53 · answer #1 · answered by Anonymous · 0⤊ 3⤋
the dollar is depreciating because of the concern over oil. The US is an industrial natinon that relies heavily on oil, both foreign and domestic oil. When the region with so much oil is in conflict, it makes people unsteady, which leads to the dollar being less secure, etc.
The dollar being worth less is not entirely bad because it gives investor from other nations a good buy when they decide to spend their money in the US. Say, for example, the UK has money worth 2 times the US. When they spend their money by investing in US companies, it buys them twice as much as it would if they bought in UK. Then, if the war ends and price of oil goes back down, the dollar goes back up. The people who invested in US dollars when they were low, profit.
It's supply/demand, economics. Keep looking into it, the more you learn the better chance you have at making money when you invest.
2007-10-08 07:16:41 · answer #2 · answered by Captain 3 · 0⤊ 1⤋
its the war machine and the trade policies does the us manufacture any thing anymore all we do is buy Chinese just think Iraq just put in for a big shipment of AK 47 s probably with us tax payers dollars so why do you need to ask why the dollar is falling in a few more years china will own a big part of the states all we will have is the service sector that really means we Will be there servants.china owns kfc,taco bell, pizza hut,the Cornelle would be rolling in his grave,that's today tomorrow a $3000 new car every oil company they can get their hands on USA will have to immigrate to china for the land of opportunity
2007-10-08 07:30:43 · answer #3 · answered by evander 3 · 1⤊ 1⤋
I read in today's "World Herald Tribune" (Oct. 8, 2007) that despite what the Secretary of the Treasury says, THE U.S. WANTS A WEAK DOLLAR SO IT CAN HAVE MORE EXPORT EARNINGS. Nothing will change until a new Administration is in place and decides on a different economic policy. I SUGGEST YOU ASK THE CANDIDATES' OPINIONS, since they if elected would be the ones to decide those policies.
2007-10-08 07:29:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Tell me why do Americans spell Iraq as Irak ? Not the pronounciation the spelling ! Yes the $USD is slipping, whilst the Aussie $ ($AUD) has reached a 20 year high, now over 90 US cents. Iraq is costing you, but its only one factor.
2007-10-08 08:32:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Its got nothing to do with the war, it is because of the mortgages that companies have given out to people that can't pay them back(its called sub-prime mortgages). Its not just the dollar that has fallen the knock on effect from your housing market has been felt throughout the worlds stock market. Hope that helps.
2007-10-08 07:17:32 · answer #6 · answered by Sara W 1 · 0⤊ 1⤋
Also, we don't have enough gold to back every dollar that's printed.
2007-10-08 22:27:04 · answer #7 · answered by zombi86 6 · 0⤊ 1⤋
And the military connection is??
Or did'nt you bother to notice you posted in the MILITARY section??
2007-10-08 07:59:25 · answer #8 · answered by conranger1 7 · 1⤊ 1⤋
our economy sucks
plain and simple
we are just like rome
2007-10-08 08:52:53 · answer #9 · answered by Anonymous · 0⤊ 0⤋