The devaluation of U.S. dollar

United States
June 22, 2011 8:42pm CST
I was worrying that U.S. dollar will once again devalue in the world market. In comparison to other currency, like Euro, and Chinese RMB, Yen etc..... Once again, the U.S. dollar just lower in its value. So, would it mean that our dominance will be like the ancient Rome, gradually, we lost our influence and power in the world, both politically, and economically? If people lost confidence in U.S. dollar, what will be the dominant currency in the near future? Either Euro, or Chinese RMB?
1 person likes this
7 responses
• United States
23 Jun 11
Well the Euro is going to fall and the Chinese is the ones we need to worry about as long as we out source then we will be like Rome. I believed that Rome fell more to out sourcing their work and sitting back and letting everyone else do it. mainly defense. If we catch ourselves. and create new technologies we should rise economically again.
• United States
23 Jun 11
Should we better strengthen ourselves, and less arrogant about our past glory? Because we need exceed ourselves, and keep on improving. From what I saw, we had so many lazy people, who rather ask for government aid than really work.
• United States
23 Jun 11
you right about that we need to work more and improve our education and take a break from worrying about other countries and fix what we have now so we can help other later. Fix home first the your neighbors next.
• United States
23 Jun 11
Thank god for the 99 cent store :) Haha, but I know that the U.S. dollar will once again devalue in the world market, I've heard about it in many news articles. I think the currency exchange is horrible in other countries. When I went to the UK, I was really pissed off because I lost 50% of my money because of the exchange.
@oXAquaXo (607)
• United States
23 Jun 11
Yes, this is true. I went to China a couple months ago, my homeland. When we went before, we always got a ton of extra money from the exchange. But now, we don't get as much money, and it's kind of saddening :( We always went to China to buy a bunch of items for less money, but that's not the case anymore, which is kind of depressing. Anyway, happy mylotting!
@stephcjh (32385)
• United States
26 Jun 11
I'm not sure what the dominant currency will be if the dollar loses its value. I have heard that it is going to happen. It is just a matter of a little more time.
@SilverKing (1021)
• Canada
24 Jun 11
Well the dollar is at the brink of total collapse.This summer or this fall or shortly after it will fail and the consequences will dire.When the **** hits the fan and people are not prepared with a food reserve and water supply stored up they will not be ready for the event that is sure to happen in the very near future.It may be a bit of fear mongering talk speaking like this but when not if it happens it would be better to have something to fall back onto in the tough times that are sure to come in the near future.
@oXAquaXo (607)
• United States
23 Jun 11
Kingparker, Yes, this is true. The devaluation of the US dollar has become a huge issue in the world economy, and has become especially problematic for the US. And like what you said, the US really is reflecting the falling of Rome, with our increasing stack of problems, failing economy, and decreasing influence in international relations. We need change, and we need a lot of it. I think that the Chinese RMB has a good chance of becoming the dominant currency, but maybe not in the near, near future. Possible a few decades from now. The Chinese are developing more and more influence in the world, and the US owes them so much money. The Chinese are first in manufacturing, and many of the world's countries are dependent on them for cheap products and services. Maybe some Americans could stop looking at China as a horrible, Communist country and start looking at their positives and use them to solve some of their own problems. We all have rights and wrongs, and we could all learn a little from each other. This was a very interesting post, so thanks. Happy mylotting everyone!
• India
23 Jun 11
us dollar devaluation is a supply and demand problem.this normally arises due decrease demand of dollars and the perceived counter party risk when loaning dollars. Those lending want to be compensated for the risk they take when making loans.However, their desired rate of return doesn't match the rates at which borrowers are willing to take on more debt.
@salonga (28073)
• Philippines
23 Jun 11
I've heard that US Dollar will soon lose its positions a the world's international currency. I heard Euro will replace US Dollar. I don't really know but from the looks of it, US Dollar is really losing its value day by day. How sad! What does this mean? A lot actually and this space is not enough to tell all.