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by Cyanotic Wasp on August 13th, 2009
I think that you are misplacing "cause" and "effect" in your Q. And making a weird assumption that other countries somehow owe a lot of debt to the US, which assumption could not be further from the truth. The US is currently, has been for some time, and may forever be "the largest debtor nation in the history of the World, ever".
Where is the U.S. dollar most valuable?
by Answerbag Staff on February 24th, 2011
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Relate sacrifice to non-violence. How did Gandhi's sacrifice accomplish Indian independence?
by jaflor on September 9th, 2011
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Where is printed us currency recorded?
by Answerbag Staff on August 19th, 2010
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What is a managed market agreement?
by Answerbag Staff on August 4th, 2010
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In your opinion,which national chain grocery store do you feel your get the most for your money?
by Bornabrit on October 2nd, 2011
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You're reading How many times has the value of the US Dollar been artificially lowered, so other countries would not go bankrupt trying to pay their debt to the US? I know of at least 6 in the past few years.
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Comments
Then why are there only 2 or 3 countries that have completed their payments of funds owed to the US, from WW II? Let alone from then to now?
The last time I read about the devaluation, the reason given was the dollar was too strong and that foreign entities (Governments) were having trouble paying their debts. Fact, not fiction.
by Fr Joe on August 14th, 2009
Backing up a few feet...... Yes, the finance market is in a big mess and possible 50% reduction in the value of US Dollars may be imminent. http://www.freerepublic.com/focus/f-bloggers/2228040/posts There are several other stories that detail the problem the US currently faces. However, when I wrote the question, I was actually thinking about the time period of a few years back, "Living in the Past." That said, there have been a few 'artificial' devaluations.
by Fr Joe on August 14th, 2009