2007-11-20 16:10:27 · 3 answers · asked by evan e 3 in Social Science ➔ Economics
The US dollar is under assualt. The Australian dollar is likely to rise, or at least appear to, it may just be that our dollar is falling. We have flooded the world with what has been a high utility medium of exchange, you could pay for oil from OPEC members. There was a functional use for US currency even if you didn't want to purchase US goods. Now that pop culture is turning on the dollar and China's finance Minister that said something like we should consider holding foriegn assets inanother currency perhapos the Euro, now Chavez and the Iranian pres. are conspiring to have OPEC switch to the Euro. The market for US Dollars will see a drop in demand and a signifigant increase in supply as current holders begin dumping them.
This is how the market self corrects, it has been delayed for years because of our governments huge deficits that keep interest rates up and prevented the correcting process from doing its work.
2007-11-20 17:47:18 · answer #1 · answered by Doug C 1 · 0⤊ 0⤋
Yes if Bush keeps running the country. The Mexican Peso will be worth more. Americans will be sneaking across the border to get jobs. He knows this already, that's why he built the border fence. To keep Americans in, cause it sure isn't keeping anyone out.
2007-11-21 00:16:44 · answer #2 · answered by Anonymous · 2⤊ 0⤋
It's a possibility. If the U.S. inflation outpaces Australian inflation for a few decades, it can happen.
2007-11-21 01:01:13 · answer #3 · answered by NC 7 · 0⤊ 0⤋