Weakening dollar, big debt, etc..... is US going down???

Answer 1

Weakening dollar is not really a concern. Between 1985 and 1987, the U.S. dollar lost half of its value, and no one even noticed, except American exporters, who were having a heyday.

The real problem is the budget deficit...

Answer 2

the weakening dollar and big debt are mostly due to spending the last decade fighting wars that no other top 8 country has had to spend money on.
I think the main reason why the US will eventually lose its top spot is
1 China having 1.4 billion people
2 Euro/Europe's economy has been growing a lot faster than America's lately. In the last couple years it has gone from being a couple hundred billion dollars smaller (in terms of gdp) to already larger, and in 2008 might already be out of the US's reach. in terms of nominal gdp some of Europe's nations are growing at rates exceeding 15 percent.

Answer 3

There are signs of a recession. We've lived through recessions before and half iof America didn't even know it. The economy overall is good right now, and taxes are down. What the USA owes China is not as monumental as some people seem to think. Also, there is considerable difference between a recession and a depression, and the USA is not headed for a depression by any means.

Answer 4

the cost of any u . s . a .'s forex is depending on what different international places are keen to pay for it. The better self assurance they have in a particular forex the better that's nicely worth; the a lot less self assurance they have in it the a lot less that's nicely worth. The above numbers reflect really 2 significant forces. The increasing cost of currencies except the dollar including the formation of the european Union and the Euro and the means of the hot chinese economic device in view that they enacted Capitalist reforms and the weakening of the U. S. dollar by technique of severe borrowing and spending. at the same time as a rustic receives too far in debt, the basically option is to inflate the forex. really, by technique of printing better funds, they could pay off what they owe. So, in the adventure that they owe yet another u . s . a . 1000000000000 money, merely print 1000000000000 money and deliver it to them. yet this makes those money nicely worth little or no. So, different international places will commence dumping them as immediately as accessible before the cost decreases further, for this reason increasing the relative cost of alternative currencies. this can enable the federal authorities off the hook by technique of final the debt books yet has the detrimental effect of destroying its wealth of its personal people by technique of creating the money they have nicely worth a lot less. *

Answer 5

The investors of US are waiting for an announce of cutting of interest rate in one half point...This could sustain the growth of economy but, if it is accompanied by an strong of USD the inflationary pressures could be dangerous...
I think the trade deficit and big debts are not problems that must be solved right now....ooops I forgot to mention the fiscal deficit...

An average economy can not survive with deficits for a long period of time..but remember...you are talking about the most big economy in the world...(see the OFFICIAL figures of nations, not wikipedia,)...it means POWER ...A crisis in US simply means a crisis in all the world...

Answer 6

You're all making good points, but in the real world its all about Military power and economic positioning. As the American economy goes, so goes that of much of the developed world.

"The more fear you make, the more loot you can take"
-Lex Luthor-

Answer 7

Transition stage more like it but the U.S. will be on top again soon. May the Pax Americana last forever!

Answer 8

Like the Roman empire... we too will meet our day when we fall from grace. Hopefully not to full blown destruction that they did, but we can only hope and work towards that.

Answer 9

It more than 2 dollars to a pound now, I would definitely think so.

Answer 10

ALL great nations fall