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Should the U$ dollar collapse

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Domitan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-05 04:53 PM
Original message
Should the U$ dollar collapse
How will that affect the Canadian dollar and economy?
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LiberalVoice Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-05 05:01 PM
Response to Original message
1. Wouldn't the world market crash if the dollar did?
I think so...
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hiley Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-05 05:12 PM
Response to Reply #1
2. wonder
what Paul Krugman will write next ?
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Pab Sungenis Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-05 05:13 PM
Response to Reply #1
3. Probably not.
The Euro has been taking up a lot of slack from the Dollar lately. It's becoming the choice of currency for reserves, a position the US Dollar has held for ages.
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CHIMO Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-26-05 11:07 PM
Response to Original message
4. Base The
Projection on the foundation of the currency.

Deficit.
Deficit.
Deficit.

Surplus.
Surplus.
Surplus.

So what is the flavor today?
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Spazito Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 04:09 PM
Response to Original message
5. The US dollar collapse will effect many countries' economies...
but those countries (including Canada) have been working on trade agreements with each other rather than the US and putting in place policies that will mitigate the fallout from the crash. It will be interesting to see when China will stop pegging their currency to the US greenback and move to a "basket" of other currencies. It is at that time the free-fall of the US greenback will really begin, imo.
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gorbal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-27-05 10:26 PM
Response to Original message
6. Economics 101
How does the american dollar hold the whole world up with it's crisp green goodness anyway?
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