nobody said anything about the dollar having a good/bad exchange rate against other currencies
the discussion was about gold and the dollar, and if you think the dollar is fine you're crazy. the US dollar is tied to the US economy, and last time i checked our national debt is spiraling out of control, our deficit is astronomical, unemployment and underemployment are sky high, poverty is climbing, economic inequality is climbing, manufacturing is dropping, and our public infrastructure is not significantly improving. we have a multitude of systemic problems which means we are emphatically UNstable. how are those for objective facts?
and i didnt even mention our biggest problem, which is the corporate greed and influence over public policy. the lobbying and exploitation of congress and the government are allowing the mechanisms of government to be controlled by private interests. our own government even released a report saying our current economic trajectory is unsustainable, and that was like in 2008.
if the current path is unsustainable, that means we are NOT okay...
or do you believe our current economic trajectory is sustainable?
again, just because it's a strong currency in relation to other currencies does not mean its on an upward trajectory.
the dollar is still doing good numbers in the global markets because it's been the biggest player the last 100 years. i would assume we are still the top economic force in the world at the moment, but our fall from grace will be gradual, not abrupt.
plus our history has shown numbers are not always reliable. statistics can be inflated and manipulated, especially by US financial markets and especially in times of a bubble. in fact that's become our speciality, create a bubble, transfer wealth upwards from the lower and middle class, let the bubble burst, rinse, repeat.
this current bubble will also eventually burst, and with all the unknowns in the US financial markets and corporate accounting records we have know idea where the bottom will be.
remember the financial crisis we "averted" by doing the bailout in 2008? yea, that same crisis is still here and still imminent. it just got nastier and uglier over the past 5 years because idiots like you supported bailing the corporate idiots out of trouble.
nobody cares bro
again, the currency exchange rate is not the end all be all of economic indicators.
breh, gold > dollar ... and it's not even close.
the dollar is about 200 years old while gold is THOUSANDS of years old as a means of exchange. in 300 years US dollars will probably be collectors items, and you know whats still going to be used as a valuable means of exchange?
gold breh. gold has been here since the beginning and it will be here until the end.
one, stop speaking for other people to make yourself feel better.
two, you've read a little economic theory but you don't have enough real world experience in this field. you don't know how to accurately value currencies. you don't know how to analyze the political economy of a nation. you don't even know how badly the loss of manufacturing has hurt the US economy, or how critical manufacturing is to our economic recovery, or even how Chinese companies producing apple products is a bad thing. in short, you don't know shyt breh so your opinion is worthless.
You are a total vacuous blank slate on economics. You've never read a book on economics in your entire life. You can't even name any prominent economists or economic theories, must less began to understand what they say.
