U.S. dollar declining, Questions
 

Why is it declining, I plan on going traveling this summer and I am afraid my money won't get me where I want it to. Will it be up by the summer? Anyone who travels can give me some idea of what I can expect? Thanks

News channels have been prediction a depression, recession of some sort. They all have different opinions on how severe it will be though. China has been threatening to pull out from under the US Dollar though, which would ruin us. There's a lot more to this than what I'm saying, but if you read up on it all, you'll see what I mean. It's too hard to say what's going to happen, but most agree, something bad/worse than what we're at now, is on the horizon.

I don't understand how they gauge currency value. Why has the dollar dropped? How do you fix it?

you make the value stop going down by not printing as much... US dollar is not backed by anything which encourages our habbit of printing more money when we need it.

Which in the end causes severe inflation. Printing more money eventually makes your dollar worthless and next thing you know a loaf of bread costs $100. What's that called? Hyper-inflation? I learnt something about it in economics.

Could put your money into Canadian Dollars, since their money is worth more than ours.

our current economy grew past our bullion reserves (the gold bars that backed our currency) decades ago. thanks ww2

Yeah, spending $1,200,000,000,000(1.2 Trillion) on the Iraq war hasn't helped it much either.

gg dollaz.
:(.
i'm moving to canada.

Our dollars are around the same right now.

The US dollar going down is not a good thing for us either....

Yeah. It's taking it's toll in certain sectors. Especially tourism.

funny how not too long ago our dollar being worth so less was such a mock on us canucks

i think ill take my loonies and toonies down to america now and live the good life, hah

The areas hardest hit by our high rolling dollar is the manufacturing and trades. The US being our biggest trade partner liked to build shit in Canada cause it was cheaper. All those factories will be moving to the US and else where now.

Ya, its merely because we import more than we export so the value is going elsewhere (china). but that can also be a good thing as it encourages american manufacturing and other countriesto buy american because it's cheaper. As for china pulling something like "China has been threatening to pull out from under the US Dollar though" would not happen, all its money is in our bonds and stocks and they would devalue their own money thru doing so(economic suicide?). the real reason for the downward spiral is the huge deficit and extra printing of new currency.(ty bush)