What happens to the world economy,if dollar plunges down 1000 percent?

Question

the world rests on dollar,wat if it spins down,the effects

Answer 1

we move over to the euro as the standard

Answer 2

Let's be fair; such a situation would not occur.  And even if it were to occur sometime in the future; none of us are going to be around anyways.

Akash

http://www.narachinvestment.com

Answer 3

The dollar can only lose a 100 percent of its value. This is no negative currency.

Answer 4

The world doesn't rest on the US$, it rest on several currencies, one of them is the Euro.

If the Dollar continues its descent, then China, Japan and Europe will sell their US currencies and buy the rest of the US cheap which hasn't already been sold to them.

Its ironic, that the US, build upon the blood of African slaves, Chinese laborers and the original owners, killed with no reason, is slipping back into mediocrity, after only a 80 year run as superpower.

My grandmother lasted longer then that.

Answer 5

i like your imaginative powers. how can the dollar plung down by 1000 %. the maximum it can go down is 100 % and at that point there is no us dollar. In any case this is in impossibilty. no currency can plung that low, so the question of the effect on the rest of the word does not arise