news.bbc.co.uk— The US dollar tumbled to a new euro low in Asian trade as concerns over the state of the US economy deepened.
Oct 22, 2007View in Crawl 4
Except they have a populace that better understands economics and hence can generally spot mid-term problems and mismanagement of the economy better. As long as they can maintain educational standard they should be stable, and thats why socialist economies can prove safer.
In case anyone is seriously considering gold, perhaps you should look at it's historical prices. It still isn't as high as it was in 1980, and that is NOT adjusting for inflation. Which one is worthless?
the us dollar has been low since 6 months ago.1USD = about ?0.49European people have a great advantage in buying from the US . also the petrol is passed on cheaper to the customers in europe because of the currency advantage
sputt87Oct 23, 2007
WIthout debt, THERE IS NO MONEY. That is simply the way our monetary system works. Banks loan out money they do not have.
nickymouseOct 23, 2007
That's why many conservatives are rich... b/c we can't manage money
thomashaukOct 23, 2007
Except they have a populace that better understands economics and hence can generally spot mid-term problems and mismanagement of the economy better. As long as they can maintain educational standard they should be stable, and thats why socialist economies can prove safer.
aptimassOct 24, 2007
In case anyone is seriously considering gold, perhaps you should look at it's historical prices. It still isn't as high as it was in 1980, and that is NOT adjusting for inflation. Which one is worthless?
giveerOct 25, 2007
Are you really? How ironically ignorant of you.
ichauffeurOct 27, 2007
the us dollar has been low since 6 months ago.1USD = about ?0.49European people have a great advantage in buying from the US . also the petrol is passed on cheaper to the customers in europe because of the currency advantage