What effect would it have on the US if the world stopped trading in Dollars ?
2007-11-07 11:03:43 · 13 answers · asked by keny 6 in Politics & Government ➔ Other - Politics & Government
Yes.
And not a good one.
Sorry kid, but if you're a Yank, you better start learning Chinese
2007-11-07 11:08:45 · answer #1 · answered by Anonymous · 3⤊ 3⤋
Not yet, the Euro has been a strong rival in recent years, and with good reason.
What is happening is that the dollar if falling relative to some other currencies. That is, if you exchange dollard for Euros, you get fewer Euros today, than you would have a few years ago.
What that means is that American exports are becoming more price-competative in those nations, and imports from those nations are becoming more expensive here. That's good for American producers in direct competition with European producers.
However, that positive effect is being undercut by other nations, like Japan, and to a much more significant degree, China, who are keeping thier currencies pegged to the dollar. The Japanese keep the Yen in rough parity with the dollar, while the Chinese keep the Yuan artificially depressed. The reason is that they are both major trading partners, and don't dare let the price of thier exports rise. China competes mostly for lower-value goods, so they must keep the yuan /very/ low to make up for the costs of shipping such goods across the Pacific. Japan produces higher margin exports, like cars and electronics, so is not obliged to savage thier own currency as severely.
2007-11-07 19:12:44 · answer #2 · answered by B.Kevorkian 7 · 2⤊ 2⤋
The world is about to change. First chaos then a new form of currency will emerge. Money will soon be a thing of the past.
Why do you think there was the image of one of the apocalyptic figures on the Euro currency? For that matter why is there a pyramid on the back of the one dollar US currency? They all have meaning and these symbols are telling you something. I think I said too much
Thank you for your question.
2007-11-07 19:26:52 · answer #3 · answered by Just me 2 4 · 1⤊ 1⤋
Not even close. But the dollars exchange rate is pretty low at the moment. We haven't seen it this low in almost 10 years!!
2007-11-07 21:54:25 · answer #4 · answered by Anonymous · 1⤊ 0⤋
yes, right now the dollar is falling.... it has in the past as well... it has also risen and will in all likelihoods rise again... actually the falling dollar is a good thing... it makes our exports more comparative on the world market and goods manufactured here more comparative against imports....
2007-11-07 19:21:15 · answer #5 · answered by lordkelvin 7 · 3⤊ 0⤋
Well we get TWO $ US Dollars to the British £ Pound.
You work it out.
2007-11-08 03:08:01 · answer #6 · answered by Anonymous · 1⤊ 0⤋
yes, the US invaded iraq because they were about to switch to EUROs per barrel, not because they had WMDs! so the result of a declining dollar?....more war im afraid
2007-11-08 06:25:58 · answer #7 · answered by openyoureyespeople! 5 · 1⤊ 0⤋
"if your a yank you better start learning Chinese" up yours I've heard this kind of talk all my life WE just keep on getting bigger How those Japanese class going?How about this we Yanks set up a museum We can have signs "No Chinese or dogs" maybe pass out opium Y'all can't run from your history Maybe y'all should learn how to 'service' the Chinese Pay back is a bit#h isn't it
2007-11-07 19:12:37 · answer #8 · answered by Anonymous · 4⤊ 1⤋
The GBP (Sterling) has always been and always will be the worlds leading currency. =D
2007-11-08 07:45:32 · answer #9 · answered by Morty 5 · 1⤊ 1⤋
Start buying your Euros now!
2007-11-07 19:16:23 · answer #10 · answered by quierounvaquero 4 · 1⤊ 0⤋
It would plunge. We would be lower than Mexico here in the US. Sad that we have been brought to this because of the ELITES wanting to play with people.
2007-11-07 19:12:25 · answer #11 · answered by Fedup Veteran 6 · 3⤊ 2⤋