Topic: The world would be better, if the US dollar... (Read 3487 times)
Yes you are absolutely right .if the usd drops then it will be helpful for import and export business .it will also be useful for the students who want to pursue thei career in Usa .as students diffetent parts of the world come here and dream to study here.
The world would be better if the US dollar turns out to be Bitcoin. That means the world strongest currency would be Bitcoin. This would make a lot of significant changes in the world economy and some government in the world. Basically, developed country would subsidize under develop country by bitcoin, which would make bitcoin even stronger.
The world would be better, if the US dollar (dropped in value?)
I'm not sure about this. Theoretically, like many people are saying in this thread, it would be possible to get more USD for a ton of rice or whatever. But on the other hand you would be able to buy less goods for the dollars you obtained.
And there is one more thing, which is significant IMO. In poor countries with unstable economy many people keep their savings in USD. What would happen to them then?
Such situation of Dollar going down won't happen anymore, because USD is very strong with increased usage as well value. In my view if price falls, we the bitcoin users too will suffer a lot, because bitcoin value right now is calculated in terms of USD as direct acceptance of bitcoin is not found much worldwide.
The world would be better, if the US dollar (dropped in value?)
I'm not sure about this. Theoretically, like many people are saying in this thread, it would be possible to get more USD for a ton of rice or whatever. But on the other hand you would be able to buy less goods for the dollars you obtained.
And there is one more thing, which is significant IMO. In poor countries with unstable economy many people keep their savings in USD. What would happen to them then?
The world would be better, if the US dollar (dropped in value?)
The world would be better if the US dollar was still pegged to some good and was exchangeable for said good at any point. This goes for all currencies throughout the world, however the US was one of the big changes that lead us down the path of fiat currencies.Stop backing a currency with nothing, back it with some sort of tangible good.
That would be better for the U.S., not for the entire world...
I don't think it's not going to happen again in our lifetime - there are simply not enough precious metals to provide backing for all forms of USD funds out in the wild. At least not at current market prices for precious metals. But even if precious metal prices would be adjusted upwards to provide for sufficient backing it would be largely unfeasible, because the amount of gold or silver you would obtain for one USD would be so small that it couldn't be easily paid out.In my opinion the world would be better, if the USD ceased to be a global trade currency. The U.S. economic power effectively rests on the importance of the USD for global trade. To maintain this position, the U.S. are using military force as they see fit.
Luckily, Bitcoin is able to solve both problems at the same time. Bitcoin will end the reign of fiat scam money altogether. It is nonpolitical sound money. That's the best money the world can hope for.
ya.ya.yo!
The world would be better, if the US dollar (dropped in value?)
The world would be better if the US dollar was still pegged to some good and was exchangeable for said good at any point. This goes for all currencies throughout the world, however the US was one of the big changes that lead us down the path of fiat currencies.Stop backing a currency with nothing, back it with some sort of tangible good.
I guess making 1:1 dollar can help the economy in other country since the value of dollar is so high, then being in equal to the value of dollar can help other's economical status.
Some of you is missing the point here. Dollar is FIAT money, one of top world's currencies.
And now listen - what will happened if suddenly dollar's price went down like crazy or US economy crashed bringing dollar down with it?
Euro (or another strong, highly regarded FIAT currency) would take its place! Nothing will change! Except the name of top dog currency will be EURO not USD!
And now listen - what will happened if suddenly dollar's price went down like crazy or US economy crashed bringing dollar down with it?
Euro (or another strong, highly regarded FIAT currency) would take its place! Nothing will change! Except the name of top dog currency will be EURO not USD!
Would be great if the us dollar were the currencie of all countries, or even euro, the current system makes people buy or not accordingly the value of dollar, i may choose to travel or not, the same way some companies does the same, they expect for dollar week to purchase equipments.
Re: The world would be better, if the US dollar...
If the US dollar dropped in price relative to what standard? Many currencies are based on a standard relative to the US dollar so it probably wouldn't be a good thing for those places in the world that do. Are we talking about purchasing power, exchange rates, interest rates....what?
If the US dollar dropped in price relative to what standard? Many currencies are based on a standard relative to the US dollar so it probably wouldn't be a good thing for those places in the world that do. Are we talking about purchasing power, exchange rates, interest rates....what?
yea then world would be better more better euro currency more better for everybody so i dollar go down more better for everybody
The world would be better if US dollar dropped the price. I.think it's overestimated at the moment. That would be also better for US economy especialy regardind export because US products would become more popular on the international market. That would also mean better income for US workers in production and perhaps more new working places. But I don't think that at this moment the dollar price will fall down.
If USD will be 1:1 same value of currency in my country.. but that's next to impossible. Before our country was able to do that and that was way way back before.
So I think you would be choose for bitcoin only. Even I will go with bitcoin because it is the best stock around the world in near future. Everyone will run behind the bitcoin and all greedy to buy bitcoins. Do any one knows Microsoft products were accepted by bitcoins to purchase their products.
If USD will be 1:1 same value of currency in my country.. but that's next to impossible. Before our country was able to do that and that was way way back before.
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The world would be better, if the US dollar will increase its value, I am sorry I am little bit selfish and maybe the appropriate word to say for me is that my world would be better if the US dollar will increase its value because I am not living in US and dollar is a stronger currency when converted to our currency and that would make me earn more working online and all my ventures as well.
yeah you will earn more money if dollar stronger since your currency is "weak" but it also will affect the price of stuff around you,those stuffs's price will be rising and it's mean your higher earning would result into nothing or i can say not going to give any affect
The world would be better if US Dollar was not that hard to obtain but not that easy either just like bitcoin. That way it requires less effort to get some dollars and if that happens, I think only a few will suffer poverty. Because of poverty that is lessened, it will make the world better and of course it will open many possibilities that might happen if that just happened.
well, maybe the world would be better if the dollar is very easy to obtain as bitcoin. Well, with so many people who have lots of money and I think a lot of people who are eager to find dollars. Well, now mostly unemployed looking for bitcoin because it was easy to get. so, when the dollar easily obtained, maybe a lot of people who contest the dollar
Yes obviously it will increase the supply of anything to other countries as till now lots of currency are lower than USD. But I doubt it will happen suddenly because for the price drop most of the countries have to be developed which take more than centuries.
A century is too long for that development but remember that we now have advance technology which helps you achieve in few minutes what may take you months or years. You can expect to see the development take place as soon as possible provided the people are truly dedicated to see its realization.
if the us dollar will be digitized and converted into bitcoins
The world would be better, if the US dollar will increase its value, I am sorry I am little bit selfish and maybe the appropriate word to say for me is that my world would be better if the US dollar will increase its value because I am not living in US and dollar is a stronger currency when converted to our currency and that would make me earn more working online and all my ventures as well.
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