Quote:
Originally posted by Latinazza
Thank you, boo. I may be staying for two years while doing some research, so this actually works for me (I can rent a place of my own instead of staying with my dad).
Oh, and to the pressT souls playing "experts" in economics (and claiming that the dollah is gonna collapse)... the Euro keeps dropping. hihi...
|
China, Japan and the other major countries that hold something like 5 trillion of our debt won't dump their Treasury notes because it would increase the cost of their goods here, so it would be foolish.
Not many people understand how complicated the global economic systems are entangled. The dollar won't collapse but if we don't deal with this 18 trillion and climbing debt you can bet investors will be slowly start moving away from the dollar to other foreign currencies.
The dollar will not stay this strong because of debt pressure. Taxes will need to be raised and cuts will need to be made, we have already cut though sequestration more will be coming. Now that the Fed has stopped the quantitative easing which artificially strengthened the dollar to keep interest rates low the effect on investors is speculation that the dollar will drop again so they will diversify their portfolios with non-dollar denominated assets.
If you think I am wrong let me know why…
. I can go visit my family this Summer and not have to worry about going broke.
