The world would be better, if the US dollar... - page 3.

Salomon12

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Quote from: aso118 on April 22, 2015, 10:14:08 AM

Quote from: Salomon12 on April 22, 2015, 05:45:20 AM

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

This is true and would be good for the economy; however, most of the economies are pinned to the US. Don't think it'd work in the long run; short term maybe?

bryant.coleman

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Most of the world nations are keeping the vast majority of their Forex reserves in the form of USD (either in bills or in the form of treasury bonds). If the value of US Dollar drops, then all these countries will be in difficulty.

AtheistAKASaneBrain

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Quote from: aso118 on April 22, 2015, 10:14:08 AM

Quote from: Salomon12 on April 22, 2015, 05:45:20 AM

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

It's funny how Bitcoin is the only weakening currency that makes me happier the "weaker" it gets, since it only means more opportunity to get something that is insanely underappreciated because it's too new.

Im too bored about traditional currencies to try to take any advantage from their ups and downs anymore.

aso118

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★Nitrogensports.eu★

Quote from: Salomon12 on April 22, 2015, 05:45:20 AM

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

Salomon12

member

Activity: 78

Merit: 10

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

tibor

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valued not too far from my country currency, yes it will affect everything if USD dropped as long as your country doesn't drop too.

manselr

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It seems to me that interest rate expectations are driving the market right now. Every day when they think it's going to start, they get nervous and sell them off. And every day they think it may be slower or not begin, then they take them up.

bornil267645

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AltoCenter.com

That would have been a huge lose for us the Freelancer. Because initially we would have struggled to cope with price drop, specially on the international market. Huh

Ron~Popeil

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Quote from: yui on March 31, 2015, 08:08:45 AM

Who decide what reserve currency will be? Can U.N. help? Can U.N. recommend America be chopped into smaller chunks so they behave more?

They could recommend it I suppose but Americans don't react well to such things. The UN has no real teeth anyway. Without countries like the US to give their policy some bite they would be pretty irrelevant.

ShetKid

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Quote from: NyeFe on March 30, 2015, 04:17:08 AM

The world would be better, if the US dollar (dropped in value?)

Not really. It would also effect the US economy and a lot of other country economies directly depend on that. So they will be taking a hit either way.

Jeremycoin

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𝓗𝓞𝓓𝓛

Yeah.. it would be better for my country Grin

And it would be better for me as well Wink

randy8777

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for me personally yes. i would convert my euros into us dollars to get more dollars.
currently us dollar is nearing 1:1 with the euro which is good for export to usa.

yui

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Who decide what reserve currency will be? Can U.N. help? Can U.N. recommend America be chopped into smaller chunks so they behave more?

bitgeek

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Is there really a difference? Dollar going down in value won't change the price of bread in Germany. Maybe I fail to see the big picture, but here in Europe we don't use dollars and the only thing that changes along with is the price of imported goods. If you're planning to buy an iphone or are burning a lot of fuel every day the exchange rates might interest you.

rebuilder

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The world would be better without clickbait.

Ron~Popeil

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As the global reserve currency the dollar losing value does far more harm than good. Full prices would surge to levels that make food production much more expensive and people die when that happens. Countries that hold US dollar reserves would find themselves in a fiscal crisis over night. I am no fan of the dollar, but until there is something viable to replace it this fantasy of a dollar collapse is really short sighted.

loan4

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Yes, sure, I think so, too. My country will get much USD than with the same amount of rice for export

NyeFe

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Quote from: biggerbig on March 30, 2015, 10:10:04 AM

Quote from: NyeFe on March 30, 2015, 04:17:08 AM

The world would be better, if the US dollar (dropped in value?)

You are asking a question or are you declaring? And why would be better? Can you wright on what basis are you getting your conclusion?

Or is its just a statement to provoke a new discussion?

Sorry for complicating everything. This is an opinion which has been raised to me several times. However, as a question, I would like to get a clear insight on the reasons, why the world could be better off if the dollar dramatically dipped in value.

manselr

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Quote from: NUFCrichard on March 30, 2015, 01:48:39 PM

Quote from: NyeFe on March 30, 2015, 04:17:08 AM

The world would be better, if the US dollar (dropped in value?)

The world would be better, if the US dollar - bought less bitcoin!
More seriously, if the US dollar wasn't being printed into oblivion, the world would be a better place.

The problem is a lot of people out there thing fiat currency is good because institutions can create more credit so that people can borrow and invest, which in turn expands the size of the economic pie. "Fiat currency is good." they say. You can't never make these morons see the point of Bitcoin.

NUFCrichard

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Quote from: NyeFe on March 30, 2015, 04:17:08 AM

The world would be better, if the US dollar (dropped in value?)

The world would be better, if the US dollar - bought less bitcoin!
More seriously, if the US dollar wasn't being printed into oblivion, the world would be a better place.

Topic: The world would be better, if the US dollar... - page 3. (Read 3488 times)