Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Why is US the default currency still ?

Why is US the default currency still ?

posted on Oct 17, 2008 11:05AM

The Eurozone can be regarded as fragmented due to geography. However, the banking mess hit their borders later than the US crisis and they responded more promptly and definitively than the US. The US ended up following europe's example(buying shares in banks) although reluctantly. The eurozone now has directors on the banks boards to help dictate the flow of money, whereas I am fairly certain the US does not. 700 billion that the US touted rescue bill seems like pocket change too the 2 trillion put forward by Europe. Europe seems to be the leader in cleaning up this mess propogated by the US. So why the confidence in the US dollar? Anyone please. Apart from the thoughts that the response from europe was not coordinated???? And the US congress handled it so well, didn't they?

Election propaganda?

Setting up the next administration to fail? GB has screwed up enough.

Does not a weaker dollar help a country get out of a recession? Goods are cheaper for other countries to buy. Increase your manufacturing base? Why would the US want a strong dollar? So their citizens can buy more stuff? How's that working for them so far?

Or is that the reason they are flooding the market with US dollars, in hopes of a weaker dollar through dilution???

Just some random thoughts, good portion probably incorrect. Appreciate feed back.



Cheers

Share
New Message
Please login to post a reply