--talks about how the U.S. is, as we know, currently in a lot of debt. The U.S. has managed to hold on to a stable economy because the government is able to ask other governments, and its people for loans. It also had the ability to print its own money to keep it afloat, but this depreciates the value of the U.S. dollar- which currently is not the strongest fiat currency in the world. Like we talked about in our American Studies class the other day, the U.S. is all about being #1, whether it be the need for speed in ones quest for the fastest car, the climb to the top charts as the #1 song, or being the hottest guy or girl at the school, Americans want to be on top (or most do at least). So who can lend us a hand to crawl out of the debt hole we are in? To send the dollar back as #1 on the charts? Share some thoughts...
Monday, September 16, 2013
All About the Benjamins, for now.
My parents are leaving to Italy for 10 days on their anniversary on Wednesday, so my dad had to go exchange some dollars to Euros, which are worth quite a bit more than the U.S. dollar. This lead me to thinking, do we need worry that the dollar isn't as strong as one would think? Currencies like the dollar are referred to as "fiat currency"which is a currency that is issued by the state, like the dollar. Unlike currencies like gold and silver fiat currencies have a strong history of failure in the past, and as they say history does repeat itself. An article I found--U.S. faces mid-October deadline to raise debt limit
--talks about how the U.S. is, as we know, currently in a lot of debt. The U.S. has managed to hold on to a stable economy because the government is able to ask other governments, and its people for loans. It also had the ability to print its own money to keep it afloat, but this depreciates the value of the U.S. dollar- which currently is not the strongest fiat currency in the world. Like we talked about in our American Studies class the other day, the U.S. is all about being #1, whether it be the need for speed in ones quest for the fastest car, the climb to the top charts as the #1 song, or being the hottest guy or girl at the school, Americans want to be on top (or most do at least). So who can lend us a hand to crawl out of the debt hole we are in? To send the dollar back as #1 on the charts? Share some thoughts...
--talks about how the U.S. is, as we know, currently in a lot of debt. The U.S. has managed to hold on to a stable economy because the government is able to ask other governments, and its people for loans. It also had the ability to print its own money to keep it afloat, but this depreciates the value of the U.S. dollar- which currently is not the strongest fiat currency in the world. Like we talked about in our American Studies class the other day, the U.S. is all about being #1, whether it be the need for speed in ones quest for the fastest car, the climb to the top charts as the #1 song, or being the hottest guy or girl at the school, Americans want to be on top (or most do at least). So who can lend us a hand to crawl out of the debt hole we are in? To send the dollar back as #1 on the charts? Share some thoughts...
Subscribe to:
Post Comments (Atom)
1 comment:
I agree with you that the U.S. is all about being number one and that the prejudice is seen all over us. Although I do not have a good proposal to get us out of the debt hole, I hope the government is thinking very seriously about this problem because if not we will be in an irreparable situation.
Post a Comment