How will the falling value of the dollar affect you?
With the US government debt and liabilities out of control, is it conceivable that the dollar could collapse.
Asked By: Ivar - 12/4/2006
Best Answer - Chosen by Asker
Obviously the majority of posters have no clue what they're talking about. Yes, the dollar has been lower than it currently is, but when has the U.S. been so in debt before? And when they say $9 trillion in debt, that only current federal debt. Including longer term debt and unfunded liabilities, total government... More
Answered By: 4XTrader - 12/4/2006
Additional Answers (9)
from England - I will look to source more goods and services from the US
Answered By: Tony B - 12/4/2006
when i go to germany this summer on an exchange, everything will twice as expersive which means i will have to save ALOT of money for the trip
Answered By: lax4life0022 - 12/4/2006
Yes it's conceivable that it will collapse. It shouldn't effect Americans living in the US too much because the domestic market is so strong. It would only effect people travelling abroad and companies engaging in International business. For me personally it would be great because my salary is based in Euros!
Answered By: Sanmigsean - 12/4/2006
From Canada: It will be cheaper to import goods from the US. The falling US $ will be a good thing for all concerned. Will it collapse? I doubt it. The US $ has been worth much less that it is now. The US market is a strong one. Once George W. decides to end the war in Iraq, the US debt will stop spiralling out-... More
Answered By: fergy_1967 - 12/4/2006
Me personally? We live paycheck to paycheck. We have no debt and no investments, so we'll simply change over to whatever currency replaces the dollar and things won't change substantially for us... More
Answered By: Pilgrim - 12/4/2006
dollar collapse??!! it just means U.S. stuff is cheaper than foreign stuff.
Answered By: hgary06 - 12/4/2006
It makes my foreign ETFs go up up and away.
Answered By: gregory_dittman - 12/4/2006
No. The United States of America could sell Alaska back to Russia and Arizona back to Mexico.
Answered By: Frank Castle - 12/4/2006
Not affecting me.... I have plenty to fall back on and I am a low maintenance kind a gal. I will make it through anything!
Answered By: Kitty - 12/4/2006
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