The Depreciating American Dollar, or is it depreciating? Options

[TiffanyFactorial]

If you haven't noticed, the British pound trumps our dollar. One dollar is equivalent to .50 pounds. I went to London last year and buying fish & chips was seriously ridiculous for me since it's 12 dollars or 6 pounds. made me QQ.

I think for a day, the Canadian dollar surpassed the American Dollar, for the first time in the history of the currency exchange. damn canadians and their maple syrup.

BUT as of today, the American Dollar is now equivalent to .512 pounds. YAY we gained 1 cent in worth.

Do you guys think our dollar will keep depreciating or will it start to appreciate with our current economic issues?

[karmakiller]

Moved to Debate.

I think it will keep fluctuating. But I'm trying to be optimistic and believing that the American economy will change for the better, esspecially after the election.

[TiffanyFactorial]

same. this year is a big year. oh i only put this in the news section because it's kind of news that our dollar gained a cent in worth but i guess my question makes it debate-able. :]

we needz us a president who can regulate!!

[karmakiller]

Yeah, I thought it fit in Debate, 'cause your post was more centered around the question. Hope you don't mind that I moved it.

[TiffanyFactorial]

nope, not offended. especially since you didn't make a big deal out of it. a lot of people do these days...? yeah.

[S-Majere]

I think it's brilliant. I visited the States last month with $1,000 spending money simply because the pound has become so strong.

But saying that, the pound is only that strong against the dollar. The value of the pound is falling significantly in the rest of the world, with the dollar falling further still.

[TiffanyFactorial]

oh really? i had no idea that the pound was falling. i knew that you guys would have a field day in the us. it's like being in a 50 cent candy store.

[tailoredtrouble]

garrrhhh this sucks. i hope it goes back up. the dollar is worth nothing but a mcchicken nowadays.

(wha-oh, mcchickens and money, aint i american.)

[Kontroll]

No worries. Our economy is self perpetuating. The only reason things are high, is because of the conflict in Middle East.

I shouldn't say only... but it's got alot to do with that I'm sure.

[heyo-captain-jac...]

This is about as bad as the Depression.

Hillary says: "America is drowning, we need a dike!"

[mipadi]

This is about as bad as the Depression.

Not really.

[Eww]

Eh. Right now we're going through a slight recession.
And the inflation is freaking retarded.

Hopefully things will get better.
But, like someone else said, I think it's gonna keep fluctuating :T

I don't know much about economics.

[TiffanyFactorial]

indeed this has much to do with the war in the middle east.

there are of course tons of other factors.
yes, indeed we are in a recession and inflation is ridiculous.

a depression? the stock market has yet to crash but many speculate that because of speculation in the stock markets that it's bound to crash again. who knows.

of course the dollar will continue to fluctuate, that's just basically the nature of economics but there are of course the undeniable influences that force our dollar to depreciate or appreciate. it depreciates when the Fed pumps more money into the money supply, that's for sure.

[demolished]

the only reason you think that way because you are obviously only comparing British and American money, no one else. you have to look at a wider overview with the rest of the world.

Our dollar is considerately strong in terms of worldwide when it's strong in Asians countries.

if we were undergo economic crisis due to low value, we'll be facing the same situation as the Europe when Spain no longer used pesos.

Honestly, i don't know much about economic reformation in Europe ... yet.

[rawtheekuh]

The reason our dollar is so crappy is because the U.S. Treasury keeps borrowing money from China to pay for shit & then can't pay it back. On top of that, we keep printing more and more money, which is causing inflation to go up. The fact that the Fed keeps cutting interest rates isn't helping with inflation, either.

Also, Americans keep borrowing money and aren't able to pay it back. Living outside your means is a uniquely American phenomenon and it's not only causing our dollar to depreciate, it's causing people to go into six-figure debt and all sorts of horrible things.

So, if the American government can raise interest rates a little, regulate our banking system, cut the national debt/quit borrowing a ton of money, AND get Americans to stop borrowing so much money (raising interest rates), inflation would go down and our dollar would go back up. Yes, growth would slow, but the faster an economy grows, the faster it falls. We need to strike a balance between growth and stagnation.

[TiffanyFactorial]

The reason our dollar is so crappy is because the U.S. Treasury keeps borrowing money from China to pay for shit & then can't pay it back. On top of that, we keep printing more and more money, which is causing inflation to go up. The fact that the Fed keeps cutting interest rates isn't helping with inflation, either.

Also, Americans keep borrowing money and aren't able to pay it back. Living outside your means is a uniquely American phenomenon and it's not only causing our dollar to depreciate, it's causing people to go into six-figure debt and all sorts of horrible things.

So, if the American government can raise interest rates a little, regulate our banking system, cut the national debt/quit borrowing a ton of money, AND get Americans to stop borrowing so much money (raising interest rates), inflation would go down and our dollar would go back up. Yes, growth would slow, but the faster an economy grows, the faster it falls. We need to strike a balance between growth and stagnation.

perfectly put. where i live, A LOT OF PEOPLE live outside their means. it bugs the crap out of me when a family tries to prove that they're not poor buy a C class mercedes. they buy the c class because it's the most affordable mercedes. Trust me, a lot of people in the vietnamese community around my area do this. their houses will be a tiny box & their cars: mercedes/lexus.

anyway. . . yes our dollar is still powerful compared to other countries, especially zimbawe, but it has declined and that's what this is about. at one point, the canadian dollar was just as much as the american dollar.

it's a good thing gas prices are slowly declining. knock on wood! If they miraculously went down to a $1.50/gallon, i would cry tears of happiness.

[Comptine]

American economy cycles, as anyone who paid attention in High School economics or US history would know. I have faith it would cycle back up again and our dollar will become stronger.

Part of the reason why the Euro and European currencies are much stronger is because they have better salaries for their standard of living. A lot of Americans want a certain or need a certain level of living but their salaries don't necessarily correlate to what they need or want.

Also, Europe didn't have to deal with 9/11 which significant dented our economy. Plus, they don't have a retarded cowboy fellow driving us trillions of dollars into debt.