What if USA crosses over into deep recession as the dollar falls and interest rises, do you know how mildly or powerfully that will affect your buying power and worth?
I suspect the person they decide to be President may hurt me. Unless you are on life support in an intensive care unit is should matter.
2007-12-19 09:18:55 · 16 answers · asked by JIM 4 in Politics & Government ➔ Elections
I don't like anyone who calls me "bud."
2007-12-19 11:08:20 · update #1
To address your question and not give you a political answer...
If the United States falls into a deep recession all Americans will be hurt, some irreparably.
What the joke-sters in England (UK) don't understand is how deeply our economies are intertwined. If American falls into recession so will the European community. China would no longer have a market place and would contract rather harshly as well.
A deep recession in the States would have a global impact.
Buy gold in hard metal, buy tenths so you can use them as $100.00 each it will be a good hedge for you when the crash happens.
2007-12-19 09:38:11 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Yes: If the dollar continues to fall.
Every-one is going to feel the effect ,Probably it will hurt some worse than others. But no-one will get by uneffected.
2007-12-19 22:57:03 · answer #2 · answered by straight foward 3 · 0⤊ 0⤋
Don't worry the dollar will be gone soon enough, as the birth of the North American Union takes place, so will the phasing out of the dollar and will be replace by the "Amero". Look it up bud.
2007-12-19 18:14:03 · answer #3 · answered by The Angry Dutchman 3 · 1⤊ 1⤋
As a matter of fact, I think that all Americans would be hurt if the dollars continues its slide downward.
2007-12-19 17:21:53 · answer #4 · answered by asylum922 3 · 7⤊ 1⤋
well Bud this has all happened before By summer,if the dollar is still down the UK,Europe and Japan well be buying 'greenbacks' too bring it back up
2007-12-19 20:26:48 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Most of our goods are bought overseas. The less our money is worth the more we have to pay for these products. This means the price of everything is going to rise and it will hurt American consumers. 98% of our clothes are bought from foreign markets and so is a lot of our wood and toys. The price rises on all of this.
2007-12-19 17:22:22 · answer #6 · answered by Kristina 3 · 7⤊ 2⤋
My worth I do not measure in financial terms.
My buying power is a privilege. I look forward to sharing our wealth with the rest of the world.
If China and India consumed resources like the U.S. they would need two planet earths! Maybe we need to cut back our spending. Christmas is a horrible corruption of our faith turned commercial, for example, we use our "power" to buy white elephants!
We also have the most extensive infrastructure on earth, that's not going to disappear overnight, and if it does we have bigger problems than the economy.
2007-12-19 17:23:15 · answer #7 · answered by Anonymous · 1⤊ 3⤋
That would sting the economy for awhile, but as is happening now, a lot of European countries are starting to set up shop in the U.S. due to cheaper costs and an intelligent workforce-so it wouldn't be that way for long.
2007-12-19 17:23:00 · answer #8 · answered by Your account is suspended 4 · 3⤊ 3⤋
Scroogee old bean-we deserve our belt tightening because we have more than enough of everything we need. Millions are starving and we can buy a meal and get one free. We need to focus on the plight of others rather than grab selfishly at the things we want.
2007-12-19 17:23:34 · answer #9 · answered by Birdman 7 · 1⤊ 4⤋
Depends on how far it slides. From what I hear, the great depression was...depressing.
2007-12-19 17:37:28 · answer #10 · answered by socrates 6 · 1⤊ 1⤋