I mean if the dollar was completely worth the paper it was printed on?
2007-11-17 13:44:10 · 5 answers · asked by Anonymous in Social Science ➔ Economics
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXH9wCx1oydw
2007-11-17 13:47:58 · update #1
Would the market somehow be able to correct itself after a total collapse?
2007-11-17 13:48:41 · update #2
http://news.independent.co.uk/world/americas/article3169638.ece
2007-11-17 13:51:09 · update #3
ONES FIVES TENS TWENTIES FIFTIES HUNDREDS AND FIVE HUNDRED DOLLAR BILLS WILL BE WORTHLESS.if you have something of value to trade for a loaf of bread to feed your family for a week would you do it?i stand by my predictions,this country is headed for a serious depression.you may be able to meet your mortgage payment now but when the dollar does collapse can you meet your other obligations?heating fuel,electricity,food,telephone,property taxes,medical insurance,gasoline to get you to your job if you even have one?need i say more?
2007-11-17 16:45:20 · answer #1 · answered by CHER 6 · 2⤊ 1⤋
there is a few thing lacking on your prognosis: The dotcom bubble burst by way of fact the internet exchange into no longer the recent industry of the destiny, as exchange into initially perceived. All of those businesses that have been shaped to handle this new marketplace failed and collapsed, all that investment exchange into lost, and it exchange into quite frankly a huge waste of money and time. The housing bubble burst by way of fact of shoddy coverage, ensuing in properties dropping fee, making much less human beings prefer to purchase them. The housing marketplace failed. greater beneficial coverage might have prevented this, and positively Alan Greenspan worked on controlling this for over a decade. Bubbles are going to ensue, they seem to be a organic area of an financial gadget. good coverage can cut back their impacts and discourage their arrival, yet they might't consistently be prevented. the only way I see outright disaster interior the oil marketplace is that if production stopped. regardless of if fee rises, intake will decrease, and this might at last stability.
2016-11-11 23:17:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
None whatsoever. Last time the dollar collapsed (1985-87), very few people even noticed...
2007-11-17 15:27:04 · answer #3 · answered by NC 7 · 1⤊ 1⤋
We'd have to start trading. I'll give you 2 sheep in exchange for that ipod.
2007-11-17 14:36:54 · answer #4 · answered by Anonymous · 2⤊ 0⤋
Great news, your debts would no longer be a burden to you.
2007-11-17 14:35:24 · answer #5 · answered by KevinStud99 6 · 1⤊ 0⤋