last time i check on google, 1 pound was 1.5 us dollars. now its $2. and 1 euro is $1.5. whats even worse is that $1 us dollar only = 93 cents canadian dollar. it was = $1.01 canadian dollars just 2 weeks ago. whats up with that?
2007-11-03 17:16:21 · 6 answers · asked by ۞_ʞɾ_ 6 in Social Science ➔ Economics
i hope next time i check, us dollar wont = 50 cents canadian money.
2007-11-03 17:23:30 · update #1
US dollar dropped down... unlikely
2007-11-03 17:19:41 · answer #1 · answered by Score4493 2 · 0⤊ 1⤋
Maybe because there are already widespread corruption already in the USA. It can also be a result of the Oil Axis Powers which are the countries of Iran, Kuwait and a lot more in the Middle East which aims to make the U.S. economy really fall. I think the US should declare a massive state of emergency because this is really a serious matter and the Oil Axis Powers' aim are really slowly being successful. 30 years from now, I think Malaysia, China and Philippines would surpass US per capita income.
2007-11-04 00:23:15 · answer #2 · answered by John Marvin C 2 · 0⤊ 0⤋
The USD is tanking hard because of the war. The government is just adding to the national debt with the war in Iraq. They haven't even started to pay for it yet, its all on credit.
The scary thing about the dropping USD is that if America falls into a depression, they'll drag the entire world down with them.
2007-11-03 17:36:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Funny...America used to be so concerned with world economy. Seems the pirates running the country could give a crap what the economy does. In depressions rich people get really rich and poor get even more poor. So when really rich people are running the country.....gee I wonder why they'd want a plumetting dollar and people in a credit crunch
2007-11-03 17:47:20 · answer #4 · answered by George C 2 · 0⤊ 0⤋
that's because of the undesirable financial administration of president bush. too lots money spent on the conflict. Then, the federal funds needs financing (the government needs money!), the version between the imports and the exports from and to the international is getting extra advantageous, whilst Clinton left the place of work... the government had a surplus interior the funds.. we've a great deficit!. additionally, the Fed has been incrementing the interest... making it extra stable to regulate the "properties' marketplace". All of that makes the U. S. greenback much less powerful. that's undesirable for the yankee residing in yet another us of a... besides the fact that if that's solid for the U. S. exports. thank you.
2016-12-15 15:51:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
gas prices?
2007-11-03 17:18:30 · answer #6 · answered by ? 2 · 0⤊ 0⤋