The inevitable collapse of the dollar
BackEuro/Dollar Rate: http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=1y The current account deficit: http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance Summary: Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation
Category: News
Uploaded: September 14th, 2007 @ 1:27 pm
Author: GHoeberX
Length: 07:06
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Views: 361,403
Tags: collapse crash crisis currency dollar economic economy euro financial market recession us
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