Global Economy Crisis Chatroom

[theprof00]

HappySqurriel said:

theprof00 said:

HappySqurriel said:

theprof00 said:
This thread is hilarious. US currency dropping like a stone.

I'll see you here in two years, then. And I'll bet you 1000$ dollars that you're wrong.

Yeah, that's such a good bet based on the past ... After all, the Australian Dollar, Canadian Dollar, Yen, and Swiss Franc have performed so poorly against the American dollar for the past decade; and the fact that the only currencies performing as poorly as the American Dollar (Euro and British Pound) represent regions that are in dire economic straights is not a bad sign for the American Dollar.

Declining? Yes. I can see that happening a little for a few years to come. But the armageddon-style bottoming out going on in this thread is laughable.

America isn't going to just collapse. Be reasonable.

Lots of countries have gone through what America will likely face, but it is not a pretty picture ... Argentian's economic crisis of 1999 to 2002 is probably the best parallel.

You use the word likely. Care to explain? I'm interested to hear your thoughts on this.

America has a lot of cost cutting it could be doing. There is a lot of fat to trim (literally. Half our medicare and medicaid costs are likely weight related illness).