Is everyone elses countries economy as bad as it is in America?

United States
September 21, 2008 2:12pm CST
The American dollar has been quickly losing its value over the last 5 years or so while Canada and England money has been gaining value. People say that it's not just the Americans economy but it's everyones that is bad. But if that were true wouldn't Canada and Englands money be losing value too?
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1 response
@Arkie69 (2156)
• United States
21 Sep 08
They did a piece on the news the other day on this subject. They said the US, Canada, England, Japan and some others were having the same problems we are. As always the poorer countries are not being effected as much as we are. This is mostly due to the fact a lot of the people in the poorer countries produce a lot of the things they need. It was that way during the last depression but it isn't true now so we are being hit a lot harder. The more you have just means the more you can loose in times like this. Some of the countries in Europe the people are still producing a lot of the things they consume so they will fair better than we will. They can just keep on doing what they are now and get through it a lot easier than we will. If bad comes to worse a lot of people in the US will have to change their lives or they may not survive.
• United States
23 Sep 08
Thank you for answering my question. You wouldn't happen to have a link to this story would you?
@Arkie69 (2156)
• United States
23 Sep 08
I saw it on TV either on Fox News or CNN. You might check their web site and see if it's on it.
• United States
24 Sep 08
Okay thank you.