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See on the internet there are alot of Amarica haters that want to have you believe the US economy is on the brink of collapse far from it right now it is the most stable market with continued gaines.
originally posted by: BELIEVERpriest
The sudden drop in gas prices has happened too fast for my comfort, and it seems to have happened just in time for QE3's ending. Im afraid that this "good news" will be short lived, and is not really good news at all. I think the collapse of the dollar is truely imminent now. Just when Obama was elected, the gas prices had dropped to a low point, then bad things followed. Im afraid that this is a repeat of 2008-9.
originally posted by: dragonridr
a reply to: Masterjaden
Dont believe internet blogs look at the numbers like inveators do.
originally posted by: ManFromEurope
a reply to: 727Sky
Both things are good and bad:
Having a "cheap" dollar means that more us-american-made goods will be bought worldwide (as they are cheap by a cheap dollar) = more work for us-american companies. Imported goods are expensive in the USA.
Having an "expensive" dollar means that you could buy formerly expensive imported goods (like a Porsche or such) for less dollars. US-american goods are more expensive all over the rest of the world = less goods are sold = less work in the USA.
And therefore having an "expensive" currency does not automatically mean that all is well..
How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment.
You might think that I am talking about the United States, but I am actually talking about Europe.
You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does. Most of the time I write about the horrible economic problems that the U.S. is facing, but without a doubt economic conditions in Europe are even worse at the moment. In fact, there are many (including the Washington Post) that are calling what is happening in Europe a full-blown "depression". Sadly, this is probably only just the beginning. In the months to come things in Europe are likely to get much worse.