WW1 WW2 The Depression Space Race (won) Non-Nuclear Anniliation Fall of Soviet Union http://en.wikipedia.org/wiki/United_States Maybe you should read it.
This is blowing everything out of proportion, this dropping dollar actually boosts are economy, why do you think they won't lower the interest rate, because it will just start feeding inflation. In all regards the lower the dollar goes the more we make from exporting, guess who exports the most food in the world and where the highest demand of food growth is, its not the US.
I'm sorry, but history does not show you're correct. When currencies lose their value, the prices of every day goods shoot through the roof, people lose their jobs, and the country generally heads into a depression. The Middle Class also gets wiped out. Do you realize that if the dollar keeps falling, you, me, and millions of other Americans are going to start finding it hard to pay for basic every day goods such as food? What is good about that? As far as exports, you are right. But has Mexico or other poor countries whose currencies were weaker than the dollar in the past benefited from their exports? Their people remained largely poor. Think about it. In the past, Americans would travel to these poor countries because the American dollar was much stronger than the native currencies of the nations they traveled to, so Americans could purchase a lot with their dollars. But many of these countries still remain poor today. Now Europeans are doing the same thing to the U.S. that we have been doing to other countries for quite some time, vacationing here to take advantage of the weakness of the dollar in comparison to the Euro. It is great for the Europeans, but it sure sucks for Americans who have to pay higher prices for every day goods.
WOW! And you think I don't know economics? Do you even know anything about the US economy and what keeps it going? 2 words my friend: Consumer Spending! Ohh and let me add that what we consume we do not produce, hence the problem with your equation. WE depend on the rest of the world whereas the rest of the world does not depend on the US to the degree that they want you to believe. Watch http://zeitgeistmovie.com/ I will pay for your time.
no, you can sell your house and pay off your own debt. I think this is about you, all about you. You obviously hate the Bush admin, and to you everything is their fault, whether it is or not. You are correct in saying that whether or not you leave we still have a problem. That can also be said about who ever is in office. Whether it is Bush or not, we still have a problem, a debt that was created many years ago and that is not one specific person's "problem or doing". However, if you were to leave the USA, I know several citizens that would rejoice. I can't wait to see how you behave when someone else (and it will not be RP) gets into office...I assume everything will be their fault then, right?
http://www.pbs.org/newshour/bb/economy/july-dec04/dollar_12-2.html http://online.wsj.com/public/article/SB116610894240550248-ZNP9SCrG1u36eRyr_DC3RjiL98Y_20061225.html Read then reply please
http://en.wikipedia.org/wiki/Economy Go learn what drives consumer spending in the first place in an economy, you really are nuts and should join the folks at ubersite.com https://www.federalreserve.gov/newsevents/speech/kroszner20060927a.htm Great article from 2006
Another great one called... Will the United States survive to 2022... http://www.newenglishreview.org/custpage.cfm?frm=5192&sec_id=5192
You just said you had house payments, this would mean you have debt to a bank. You are something else.
How dare you even reference to an article from the Federal Reserve??? Don't you realize that that is the root cause of the problem?
I agree with Guru SEO. This man is not in debt, so he knows what he is talking about. He is financially free. This is one of the best gifts you can get for yourself.
Apparently you didn't read the article, typical of you. You demand people listen, believe and read your claims, but dare you even take one moment of optimizism and view and explore someone elses. You are a true American.
are you flip flopping? You just stated that if you leave you would like me to make your house payments...that means you have a mortgage and are indeed in debt. WTF?
I have more than enough liquid cash to pay it off completely if I wanted to but why would I do that? I rather have access to liquid cash.
If you have a house payment your in debt to the bank, regardless if your paying on time or not, it is a debt. My home has been passed in my family since 1928 and been passed along 3 times, as I will to my kids, I have zero debt, the most I ever owe is my monthly bills, and my quarter taxes.
Sure you do, maybe you should know liquid cash will be nothing if your so called end of the US happens. The only real value would be in Gold, Copper, Diamonds, etc. You truly are a flip flopper.
I read halfway through the article, and the Kenneth Rogoff, the economists from the IMF, summed up the same thing Guru SEO is trying to say. Americans are largely consumers. Our deficit means there is a trade imbalance. In the article you posted, the economist makes it clear that while we are "selling shirt with pictures of presidents on it to foreign countries, they are selling us cars and stuff. Sooner or later, these countries stop wanting these goods. He is right, that is why we have a trade deficit." America has lost its manufacturing base due to outsourcing. But the economist didn't explain the REAL problem, and that is the printing of too many dollars into circulation by the Fed. The IMF was set up by the Rockefellers and Rothschild family. It is a tool of globalization used to enslave countries. This Kenneth Rogoff guy is a spokes person for a institution that enslaves third world countries to debt.