Euro vs US Economy

Discussion in 'Europe' started by CrazyTraveler, Feb 23, 2007.

  1. CrazyTraveler

    CrazyTraveler Member

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    What do you think the improving strength of the Euro will do to the US economy? The US economy is only what it is because of the deals they have, the strength of the dollar is not backed by anything the US produces. OPEC sells oil denominated in the dollar, if they switch to Euro, US market gets flooded with the dollar and their economy goes down the shitter. Other than that, the future is bright! lol :) balkantraveler
     
  2. JethroZoso

    JethroZoso Member

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    Yes, I remeber reading an article about Iran or Russia wanting to start trading in euros to undermine the US currencey therefore causing huge effect on the U.S. economy. It's not my field of knowledge. Here's a link
     
  3. JethroZoso

    JethroZoso Member

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  4. CrazyTraveler

    CrazyTraveler Member

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  5. greattraveler

    greattraveler Guest

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    the american economy in bad shape and no one can deny this and there is not just on cause to the problem but many causes to subprime mortage scanal stuff to investment bankers and dont forget about the automakers industry also they want a ton of economic bail out money also all the low-cost airlines companys that went out of business because the could not afford the cost of expensive over inflated gas prices that was just insane not to long ago anyways thats my little rant about the economic stuff that is going on these days and why the usa economy and value of there dollar is down PS thanks for the links guys
     

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