Do you think the dollar will completely bottom out?

Question

Inflation is so bad right now... did you know that it takes $1.00 now to buy something that would have cost you 4 cents in 1914? That's a 96% decline in the dollar in less than a hundred years. And, by the way, it's also why the oil prices are so high. It's the value (or non-value) of the dollar.

Answer 1

You would think so, but so many people around the world use the US dollar, and it is also the world's reserve currency, so there is really no way that it could 'completely bottom out', since it is still a major currency.

Answer 2

No, housing prices are going down thats DEFLATION.  A lot of credit companies are doing writedowns because people don't have the money to pay off there debt...that means money is disappearing...i wouldn't be worrying about inflation...

Answer 3

Completely bottom out? As in be worth zero? No.

Answer 4

I agree with an earlier answer that the dollar will phase out and we will be heading towards a global currency. The powers that be actually WANT the dollar to tank so that they have the opportunity to introduce a "savior" currency such as the "Amero" uniting North American currencies. Look at what happened in Europe and the Euro...we are not very far behind. This will all eventually lead to the one world currency. Now that doesn't mean that I want it to happen but it is going to happen. I want to see the US sovereignty continue but it can't.

Answer 5

Well i for one will never hold savings in dollars. Only in foreign stocks (i'm not american). If everyone else followed me the dollar would dissapear.

Answer 6

when government changing  economic policy also will change and  $ prices must come hike.

Answer 7

the dollar is history/

we are headed for a new global currency

Answer 8

Yes

Answer 9

It's not just inflation that is the problem.  The United States has foreign debts outstanding which are completely unpayable.  Foreigners merely have to slow down the rate at which they purchase US treasury debt, never mind sell any of the trillions that they hold (particularly China), and the U.S. dollar could collapse rapidly.

Answer 10

Great question and one that's asked often amongst the very young who listen to freaks on internet sites.  Ask youself what the mimium wage was back in 1914.,,,bet it was less than $8 per hour.  What you are discribing is called "inflation".  The oil question you need to direct to the hordes of Chinese who now insist on driving cars just like us, and insist on buying oil that is righfully ours, right?  You need to write some nice letters telling them that it's our oil, and they need to ride bicycles again.