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Originally Posted by Alex
I am not over-simplifying anything.
The fact that our dollar has slowly fallen over the past few years is due to the fact that we are in severe debt which is due to the choices made by this administration.
But you cannot compare us to the EU's Euro and say, " Look at our currency, we are better... blah blah blah"
The Euro is backed by the economies of 25 seperate countries, a portion of which the United States supports financially. Not saying that they rely on it, but i have yet to see any of them refuse our support.
What's pathetic in all of this, is that the Euro, with all of its countries backing it, and some that the U.S back is only higher than the dollar by $0.20.
Our dollar may be falling, but it's still stronger than any other country's currency, excluding Great Britan's.
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Buddy you really need to take an economics course or at the very least but down the Budwieser and stop thinking like a screaming red neck about America.
I'm not going to argue the E.U. has alot of problems and that is reflected in it's currency. The French voted down a common constitution, etc. It has a long way to go. It is hard to get all those leaders and cultures to agree on a damn thing. Considering the complexity of what they must do, Europe is doing pretty good. And what makes it work is that it is a 400 million person trading block.
As for England. I have english bank accounts and thats because I trust them.
1.My money is safe.
2.My bank never puts me on hold or gives me an automated system.
3.I'm not worried about falling exchanging rates.
4.I'm not worried about them doing something crazy and me going broke.
5.I don't get upset worrying about Tony Blair having a bad day and saying something stupid to offend other world leaders.
In short, from a financial perspective, England is wonderfully predictable and boring. And thats what I and many people with money like in this world. "NO SURPRISES."
And America is too full of surprises.