what do you think
By imgrandma12
@imgrandma12 (677)
United States
June 24, 2009 10:27pm CST
I am wondering what the world is going to like in the next coming years there is so many people in debt loosing their jobs and home wouldnt making more money fix all the debts and crisis happening around the world Just Make more money they got the printers and means to do so what do you think
2 responses
@kelvidpang (160)
• Malaysia
25 Jun 09
Hi, maybe you are a bit pessimistic. This is so called economic cycle. And the next coming years, they economic will turn to boom after the great downturn.
@embhc8 (48)
• United States
25 Jun 09
The problem with that is that all the money the US has is based in its gold stores. Therefore if they just printed more money then the actual universal value of the dollar would go in the toilet and then the dollar would be worth pretty much nothing on the global market. The truth is that not all countries are having the same problem as us. There is no quick fix buyer confidence has to go up and people need to spend money to stimulate the economy the governement just give busineses money will not work since there is still nobody to buy the products since people are not confident enough to spend money.
