americans, are you worried about the value of the dollar dropping?

Question

are you worried about this or do you think that the govt will fix it pretty soon? what do you think the govt could do to keep the usa dollar from dropping in value? any predictions on this ?

Answer 1

I am a litle worried because a dollar doesn't buy much theses days. And even with wages going up a little, it doesn't do much to make it safe. Government intervention will only make things worse for poor and middle americans. Only the rich will survive. Mr. Bush doesn't seem to care about his spending, since it's not his money and with all his business interests he's raking in the dough. We are so in debt that the pit is bottomless. It will be hard to get back on track.
Sure as one other answerer put it, american products are cheaper than in Europe, but lately how many products have "made in the USA" on them. Everything I pick up was either made in Mexico or overseas. We are losing ground and slowly becoming a third world country. Why do you think that a lot of Americans are looking to move to Europe for jobs.
We need a President that is going to lead this country and not cater to his own personal interests and his business allies. Someone who gives a *&%# about the USA and is going to work on fixing it first, rather than other countries.

Answer 2

I absolutely hope the government doesn't "fix" anything... Markets + Government intervention = disaster. All things considered, the dropping US dollar isn't the end of the world. The US dollar doesn't buy as much abroad, but it means that foreign currency buys lots of US products. Right now US manufactured goods look pretty good (and cheap) compared to the more expensive alternatives in Europe, so foreign markets will buy US goods instead. At some point the demand for US goods will result in a rising in the price for goods, foreign markets will drop their prices to compete, and at some point things will equal out.

Markets don't "collapse" on their own. All free markets will fluctuate around but will at some point come back to an equilibrium point. It's all part of the Invisible Hand. As the US dollar gets cheaper things will happen that will eventually drive it up (or drive other currencies down) and the whole cycle will repeat itself.

Regardless of value, the US dollar is still held world-wide because it is stable. It isn't so much that the US dollar is dropping as it is other currencies are rising (and may be overpriced). The US economy is very strong and very stable historically.

Answer 3

Obviously, you don't know SQUAT about how the value of currencies are determined.

The Dollar is just like any OTHER commodity... it is just like beans, or corn or soy beans... and.. as a COMMODITY... it is only worth what someone is willing to PAY for it.

With the War in Iraq and the Government cutting intererst rates to help pay for the war with cheaper dollars... that makes the value of the dollar go DOWN because the lower interest rates make the dollar less attractive to foreign investors.

The National Debt is so HUGE because of the FAILED POLICIES OF THE BUSH ADMINISTRATION... that the U.S. Dollar will keep going down and won't be worth crap for another 10 YEARS.

Answer 4

dollar values fluctuate all the time. A way to fix it is to not produce very much new money and to control drugs and counterfeiters. America is a strong nation and this is not that big of a deal right now. 2o years ago a microwave sold for about 500 dollars. 15 years ago cell phones were in bags and or were huge, poor service etc.....What are the prices on those things now and also the average wage has gone way up as well.

Answer 5

Last time I came to Thailand the dollars was 40 Baht to the dollar, Today it is 33 Baht to the dollar.
To day in the my Yahoo News there is an Article by Pat Buchanan, < Sinking Currency Sinking Country> He States,
"The dollar is plunging because America has been living beyond her means. borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium."

"A sinking dollar means a poorer nation, and a sinking currency has historically been the mark of a sinking country, and a superpower with a sinking currency is a contradiction in terms."
http://news.yahoo.com/s/uc/20071102/cm_uc_crpbux

Americans are causing their own problems ,are are trying to blame it on the Undocumented.

Answer 6

A little worried. It's one of the reasons the price of oil is rising.
US dollars are the peg for oil and if the Middle Eastern sheiks are getting less USD compared to other currencies they just raise the price of oil.
Unless you're taking a vacation in Europe the lower USD shouldn't affect Americans too much.
The majority of our imports come from China and their currency is closely tied to the USD so they're prices will not rise either.

Answer 7

I don't have enough of them there dollars to worry about. The value of the dollar dropping sure can't make my life any more ridiculous then it already is.

Answer 8

Mainly I'm worried because I haven't figured out how to get rid of the gophers from my garden, the subterranean pests. So how am I going to eat when the dollar keeps dropping?

Answer 9

America is changing or is in decline !
I used to exchange (87) cents for (1) Euro.
Today you need(140) cents to get (1)Euro !
In the eyes of the world the U.S.is no longer safe
to invest their capital because the U.S. $$$$$
is declining,that's why they switch to more stable currency which the Euro .

Answer 10

The American dollar does seem a bit weak at the moment.The Aussie is not too far away from par,something that was unthinkable a few years ago