Quiet fright headline but it is difficult to say at this moment. Nowadays US dollar has very bad situation and its value is sinking all the time. According to many economist that us dollar is facing its worst nightmare and that it might going to demise in next few year.
Many of developed countries have suggested own currency that would replace us dollar. Still final decision has not made. What kind of world currency would be in future? That is still open.
Please check following video.
Why US Dollar is weak?
Following quote is taken from guardian.co.uk, written by Mark Tran. To read full article please click here.
“Although financial markets rose sharply after George Bush’s decisive re-election, the huge imbalances plaguing the US economy have not gone away. Attention has now refocused on these structural problems, hence the renewed pressure on the dollar. America has a massive deficit in its current account – it is importing far more goods and services than it is exporting. The size of the gap in dollar terms, the amount of so-called “red ink”, is close to $600bn (£325.6bn) – almost 6% of America’s overall economic activity.”
Here’s interesting video.
How US Dollar is affecting on me?
US dollar is affecting on our lives all the time even if you don’t use it. US dollar is affecting on US economy and US economy is affecting greatly to rest of the world’s economy. For instance current US economy is doing quiet bad and lots of people in US have lost their jobs. Reason is because lots of companies do not have enough money to keep their costs like before, so they have to become to point where they need to start save money. Of course one of those ways to save money is to fire workers that are “not” required so much. This will leave people out of jobs.
So how this is going to affect on your live? Here’s quick explanation. If US economy is not doing well, it will effect on your country’s economy. This might hurt your country’s economy for example by causing inflation in your country. When this happen all prices will raise up, stuff is going be expensive and more difficult to buy later on. This is one way how it can affect on your life.
What about Internet Marketing?
What about internet marketing? It is difficult to say at this moment but it is definitely going to hurt it if dollar will demise. However this does not mean that internet marketing would be destroyed totally because of out of dollar. When we get new world currency I bet that it would be used. This is the wonder of internet marketing that even if people are getting fired from their jobs internet marketing is still alive and people can use it to make money. However if economy situation is bad and people does not have money then how we can get clients?
What do you think about this situation? Please leave comments.
