Will tthe dollar become the world's weakest currency?
@narayan2006 (2954)
India
November 22, 2010 11:28am CST
Do you agree with the opinion of JP Morgan that the dollar will become the word's weakest currency? After enjoying the dominant status of the world's strongest currency for many decades,its reputation has begun to erode at a faster rate. This is mostly attributed to the US Fed's faulty monetary policies.The Us economy has failed to come out of the slump and has very little hope for any recovery. What are your views?
1 person likes this
2 responses
@celticeagle (159667)
• Boise, Idaho
23 Nov 10
I think you need to read up on such things as: The Bilderberg Group, The Innocense Project, The Georgian Guidestones,Goldman Sachs, Climategate, Plum Island and the tick experiments, World Conservation Bank, Fusion Centers, and it goes on and on. Are you watching Jesse Ventura on Conspiracty Theory? If not you might want to start.
@Aussies2007 (5336)
• Australia
22 Nov 10
As long as your Federal Bank keeps printing money to bail you out, your dollar will go down. Once you start repaying your debts, your dollar will go up.
Your dollar is also affected by the unemployment rate.
And by your low interest rate.
When you have a low interest rate, investors don't buy your currency and its value goes down as a result. That is a case of supply and demand. And currently there is no demand for it, because there is no return on it, and it is unsafe on top of it, since its value keeps going down.
You really need to go back to square one. What you really need, is to have the billionaires in your country, investing their money into creating employment, rather than investing their money in Gold and Wall Street in order to make a quick profit without creating anything.
