Should the US try and improve its economy by switching to Euros as our currency?

Answer 1

Changing currencies won't improve our economy.

Answer 2

Better yet let's have one currency recognized world wide! The dollar already is at the whims of other nations currencies. We either support and prop up weak nations currencies like israel,or we are supported by richer nations economies like Germany! How about calling this world currency the GLOBAL or G's for short! How many G's can I exchange for you? The economy would be improved if the primary focus was people not profits! The quicker we realize this fact the better for all!

Answer 3

I refer you to this article from the NY TIMES about the economy:http://www.nytimes.com/2007/11/25/weekinreview/25goodman.html?ex=1196744400&en=b6510da4418a489d&ei=5070&emc=eta1

The countries who use the Euro wont allow that to happen also when BUSH is out of office that will be a good BOOOST for the economy!!!

Answer 4

if u raise loans by xeroxing the original documents , the bubble is bound to bust
Buy a property and make documetns .
make 5 xerox copies of documents and go to 5 different banks and raise 5 loans . what will happen one property mortgaged 5 times . One default will lead 5 failures or in nuclear terms chain reaction .
sub or sub-sub-sub----- markets are most dangerous and explosive and fragile. one pric k and lo every thing is gone.
the fact that most finance instruments are controlled by people in power , they make profit at common mans cost , and when they salvage then also they make profit at common man's cost .
There should be discipline in financial markets
euros is not the answer

Answer 5

the countries who use the euro wouldnt allow it , germany , france

but as a lot of the other people said , the us dollar is getting stronger , it has stabilised at just below 2 dollars to the uk pound

and all indications say the economy is doing good


just wanted to ask 007 if he hates europeans , why is he named after a british spy ??

all the best
Ian

Answer 6

No, and the economy is doing quite well, by the way. The deflated dollar in foreign exchange rates is largely due to trade imbalances and tariffs, not reflective of the strength of the US economy. The supposed collapse due to the subprime loan foreclosures, that has been long predicted, has still not shown up and looks like it won't. Consumer spending following Thanksgiving far exceeded expectations and is a good sign of consumer confidence. Also, those of you that are not familiar with economic indices, just check out the numbers on Inflation, interest rates, unemployment, productivity, and such. The economy is still extremely strong. The longest period of continued gorwth since Reagan was in office.

Answer 7

No Way, We just need to implement the new plan and Unite all the currency in North america to 1 standard. this would include all north american countries. North American Dollar would use the gold standard as backing.

Answer 8

I'm guessing our economy will struggle on, especially since the Europeans are now shopping like great little consumers at our stores.

Answer 9

No, just need to arrest the traitors at the Federal Reserve that debase our currency to bail out unscrupulous banks.

Answer 10

No.
Simply refuse to buy poisonous things from China will do the trick nicely.