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Wow. The US Dollar is only worth .67 $ Euro. How do you feel about that??

Answer Question
 
SusieD250

Asked by SusieD250 at 2:13 AM on Oct. 6, 2009 in Politics & Current Events

Level 4 (40 Credits)
Answers (9)
  • Here come one world currency.

    "Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte

    http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html
    Crissy1213

    Answer by Crissy1213 at 2:16 AM on Oct. 6, 2009

  • And we are all in a crisis. How convienent.
    SusieD250

    Answer by SusieD250 at 2:23 AM on Oct. 6, 2009

  • im not living in europe so idc.
    Anonymous

    Answer by Anonymous at 2:24 AM on Oct. 6, 2009

  • Are you serious? Your dollar is devalued and you don't care.
    SusieD250

    Answer by SusieD250 at 2:25 AM on Oct. 6, 2009

  • The US dollar is also low in Japan. Which, while that's not so good news for us, living here in Japan, in a way, it can be good for our economy. Because a weaker US dollar in the foreign markets mean that they - the other countries / foreign businesses, get more "bang for their buck", which makes our goods and services more competitive.

    It's sort of like how all the jobs were being outsourced to foreign markets, because the labor was less expensive, only now it's our goods and services that are, comparatively speaking in their market, going to cost them less.

    So, while it's not so great, depending on how we, as a nation "spin it" as far as exports, export and import taxes and tariffs, etc goes, it could help give our economy another jump start.

    sailorwifenmom

    Answer by sailorwifenmom at 2:26 AM on Oct. 6, 2009

  • How do you feel about the oil producing nations, working with Russia and China and Japan to eliminate the dollar as the currency they accept for oil? That is a very bad thing. (speaking to the ignorant anon above.)
    Carpy

    Answer by Carpy at 5:04 AM on Oct. 6, 2009

  • I agree with first poster. THis is the perfect time to find an excuse for one world currency. Japan and China are calling for it. WHat other currency is large wnough to replace it? THe Euro. The UN bank will replace our. Yep it is being talked about now. If you haven't recieved Jesus yet you need to. Im me if you want to.
    Ibelongtojesus

    Answer by Ibelongtojesus at 8:49 AM on Oct. 6, 2009

  • How do I feel about it? Not surprised.


    At the rate the fed is printing money, soon our cash will have no value (except for the value of the paper it is printed on).

    QuinnMae

    Answer by QuinnMae at 9:09 AM on Oct. 6, 2009

  • The dollar goes up and down against other currencies ALL the time. I just checked on the XE currency converter, and the dollar vs. the British pound is about the same place where it was when I went to Britain in 2008. And it will change. Again and again and again. Nothing new here.
    gdiamante

    Answer by gdiamante at 2:08 AM on Oct. 7, 2009

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