Sinking Currency, Sinking Country

Posted by Markus Langenfeld - 11/04/07 at 11:11:23 pm

That’s the title of this article I came across tonight. A couple weeks ago I was working on some project and somehow I got myself into the conversion of Canadian Dollars to US Dollars. To my surprise the Canadian money was now worth MORE than our currency. Then it hit me, there is something seriously wrong with our economy. I’m not talking about the minor hike in living costs or our demand on oil and everything. It’s a real problem, a serious problem that could take decades to crawl out of if we are able to crawl out of it.

Despite my personal beliefs that the Bush administration is the sole cause of our entire economical system going down the drain over the past 8+ years… This article has some interesting information about how our country relies on imports and the exporting countries rely on the value or our dollar. More importantly, (at least to me) is what kind of effect that this will have on average Americans. Take a look.

2 Comments »

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  1. I would have to agree with you — “electing” Bush was one of the worst things to have happened to the US. For selfish reasons I cannot complain because ordering things on eBay have never been cheaper!

    As for why America is constantly borrowing money and going into debt, I saw this video (I’m not sure how true it is but it sounds pretty convincing):
    http://video.google.com/videoplay?docid=-515319560256183936&q=the money masters&total=676&start=0&num=10&so=0&type=search&plindex=0

    Comment by Jon Lee — November 5, 2007 #

  2. The fall of a great empire: the romans got it and the Americans aren’t gonna be saved. It’s a cycle, and I think that in 40-60 years, the US will have looped the loop.

    Comment by Maxime Rousseau — November 5, 2007 #

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