Tuesday, April 15, 2008

You have to learn the value of a dollar

by Chris Holland

Every kid all around the United States has heard from his or her mom and dad, “You have to learn the value of dollar.” But now, the value of the dollar in the United States is way worse then it used to be so now everyone has to “learn the value of a dollar” again.
Recently, the economic system of the United States is in decline and the value of a dollar has gone down. Even talks of taking the penny and the nickel out of circulation have surfaced. But really, what has happened the mighty United States of America?
In foreign countries, such as Canada and the European countries, the currency is now catching up to that of the currency in the United States. At one point, not too many years ago, the United States was far ahead of almost every other country in the world in terms of how much the currency was actually worth.
This drop in the value of a dollar could foreshadow the fate of the once all powerful country. As the value of the dollar has dropped, so could the respect of the United States in the world.
With new countries coming to power in the world, such as Japan, China, United Kingdom, France and Spain, the United States could some day be in utter decline. The economy in Europe is twice as good as the economy in the present day United States.
If this is a sign of things to come for the United States, we could be in for a rough century, or more.

1 comment:

newspaper said...

Good commentary on a relevant topic, but no real peg. What event occurred to trigger this response?
What do you suggest should be done to improve the situation? Don't just point out problems, identify solutions to the problem. Crank.