Do you think the US dollar is going to collapse?

Answer 1

Going to? It already has. The Euro is at $1.46, the pound is over $2.00. Visit any tourist attraction in NYC and most of the visitors are from Europe and Asia. The US is cheap for them while visiting Europe or many parts of Asia is prohibitive for Americans.
Not to mention jobs being shipped overseas, production shipped overseas, what were they thinking?

Answer 2

Too late, as it already has - relatively speaking. But no, there is no reason to expect a runaway slide. The economy is mostly pretty good (jobs, tax receipts, corp profits, productivity, inflation, declining deficit) but with a few large problems giving people the jitters - Mortgage/housing/Banking crisis, war spending, uncontrolled prices for fuel and health care - not to mention a public debt 50% higher than it was just 6 years ago.

If it does not slide a lot more, it will actually be more good than bad, as our goods and services become relatively cheap to the outside world. But if it does slide much more the price of fuel and increased expenses to cover the deficit could cripple the economy.

Answer 3

no way , it may have technical correction . Extra air will be bled off. It is not in the global interest to let dollar have a free fall. Even if US govt makes effort world will not let $ fall drastically.
The powerful crooks of the world have invested in US dollars and will not let dollar collapse

Answer 4

I know you need $30 for a cheap motel room in itawon now, and 2 years ago it was $25. You can still live like a king in China, the Philippines, Malaysia, and Indonesia that's for sure.

Answer 5

It already has!!.. I was just in Toronto and the dollar buys only about 70% of what it used to buy in Canada

Answer 6

THIS CAN BE ONLY ANSWERED BY PEOPLE WHO CREATE MONEY AND EVEN MORE BY THE CORRUPT AROUND THE WORLD THAT HOW MUCH THEY WANT TO SUPPORT THIS CURRENCY.BUT FOR SURE SOME BODY SOME WHERE IS MAKING MONEY.REMEMBER THERE IS ALMOST 10 TRILLION DOLLAR DEFICIT.

Answer 7

No the Dollar is sound the only reason it looks weak is the bloated figures on the deficit.

Answer 8

it already has, the dollar has almost no value relative to other currencies now

Answer 9

I'm ready regardless of what happens. I just puchased a Yugoslavian SKS semi automatic and I have tons of food and water and I'm not afraid to die.

Answer 10

probably. the US dollar is made of paper, and hence is not structurally sound. any amount of weight will cause it to collapse immediately, unless you were to roll a whole bunch of them up real tight, and fashion them into support beams.