US Dollar is still the worlds most trusted currency

Discussion in 'Politics' started by rightwinger, Mar 12, 2010.

  1. rightwinger

    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

    Aug 4, 2009
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    Reports of its demise are grossly exagerated

    U.S. dollar is still the world's most trusted currency -

    The U.S. will spend about $1.8 trillion more than it gets in revenue this year. Next year, it will add an estimated $1.2 trillion to the debt.
    Expenses in the billions may not attract much attention these days, but when it gets to the trillions, people sit up and take notice. In a CNN/Opinion Research poll conducted in January, 83% of those polled thought the federal budget deficit was extremely important or very important. The debt and the deficit are enormous political issues and will likely play a big role in the 2012 elections.

    But there's one big group that's singularly unimpressed by the size of the deficit: the world financial markets.

    As big as the U.S. debt is, it's not as bad as many other countries' debt, relative to gross domestic product. No other country has a currency as strong or as well-regarded as the U.S. has, even with its current fiscal woes.

    Last edited: Mar 12, 2010

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