If The Dollar Falls Hard, Would You Care?

I will surely affect because all the internet earnings are mostly in dollars. Here in India I get almost Rupees 50 for 1 dollar and if the dollar's rates are down then the earnings will also diminish.

Since the Us ollar has fallen, my earnings have fallen because the Australian dollar is higher than the US dollar for the first time in over 20 years...so I lose out of money when it's changed over to the Aussie dollar...other than that, I don't care coz if I want to buy anything in the US, it's cheaper for me & makes it cheaper to travel there if I wanted to.

beingwell, I believe we should all care and be very concern since the dollar is directly involved and responsible for the world's economy. As you've already seen at the beginning of the week where the share indexes have been falling worldwide, sending warnings that there might be another recession around the corner. Now, I am sure you would be aware what this will mean if the latter really happens where for one people like you and me might be loosing our jobs. Also, I am sure you are aware that banks around the world including yours are investing heavily in US stocks and guess what will happen when recession happens. Let's not forget that all our monies and investments are with our banks. I hate to say this but the hard fall of this currency really matters to people like you and me.

Since our paypal earning will get affected, that is for sure what do you think we should do sis?? Withdraw the paypal money before the second August?(^^) I am a bit confused about the US debt. When the government has no money the employer still have cash to pay their employee right? Otherwise that could be a huge impact to US citizen.

I am an Indian. I do not know even the ABC of economics. So I do not know whether I have to care if the dollar falls hard because I am still now not sure whether our currency rupee will be cheaper or dearer in comparison to dollar then.

I would really care I live in the USA I love my country I will defend it to the end it's not our fault it's our leaders fault. They our running our country tO the ground fortanitly my boyfriend taught me how to hunt and I live in the sticks so I may survive. Feel bad for the city folk though they are gonna cry

Me and my husband bought $5,000 in 2007 for a US Trip at an exchange rate of around PhP57. We are maintaining a dollar time deposit accumulated from excess dollars from trips of the same amount but the exchange rate now is around P42. So I do really care My earnings as an Online Researcher is also in USD and my PayPal earnings from other transactions are in dollars. sad. sad. sad. I don't even think dollar will again reach P50.

Well yes, I think I do care, given that its going to really affect me a lot of the time. Of course, here is one point that I find humorous. Those government officials who got us in this fix in the first place by their own greed over said dollars and thus prevented a sane solution from being reached, they are going to be slightly affected as well. Talk about hanging yourself with your own custom fit noose. Its going to be an ugly, bumpy ride if the dollar falls all, and I think that other countries around the world are going to see some kind of backwash as well, although nothing near what the United States will feel. Some people have said a really bad recession, flirting dangerously with the levels of a depression. I certainly do not hope not, but it is really a scary state of affairs for numerous reasons. Hopefully we'll get someone competent in the government someday.

The dollar being cheap is a good thing for me, as I can buy stuff from the US online and get it for a really cheap price. Shipping expenses make the price rise, but not so much, as it's in dollars too. As a person living in a country that isn't the US, that's as far as it affects me, but I suppose that for people living there it has to be hard if it falls even more.

Although i don't care about it ,i wish get us dollar account because of its affection as popular currency in the world .

It depends, if I plan to go vacation abroad and need to change my currency to dollars then I will be happiest man on earth..I am not to worried about my dollar earnings, since I also using it to purchase something in dollars rather than change or credit to my currency..However, my fellow expatriate friends seems really upset when dollar failed since they salary also lower than usual..they should keep dollars properly then.. have a nice mylotting day..

surely it would affect me alot as i have money in my alertpay as well as paypal account and that money is in dollars ...and in my country i get 48 Rupees for 1$,if it fall down then my earnings will also fall down and worst thing every sites pay me in dollars so surely my monthly income will go down...its being harsh for us if it happens..!

I am a filipino and of course the dollar value affects me as well when it comes to my paypal account but i'm not working overseas so it's a good news in our country when dollar drops due to the fact that philippine debt is in dollars and everything that we import are dollars (specially oil) transportation/electricity will be cheaper if dollar drops down. But at the same time our export industry will be hit hard if dollar value continue to drop. So overall I think it's better if dollar value goes down it will benefit our country as a whole.

Of course. I can say that US is most powerful country. If they fall, everyone gets affected. It has been proven as you can see, we are experiencing economic crisis because of US debt. With regard to my paypal earnings, I'll just keep my earning grows until the exchange rate gets better. I'm gonna withdraw it immediately when the exchange rate is fair enough.

I'm a Canadian who divides my time between Ontario in the summer and Texas in the winter. Yesterday I transfered several thousand Canadian dollars to an account in BMO where I get Canadian currency changed to American dollars. I'll wait until the Can dollar hits $1.10 US and buy Us dollars. I'll make $100 on every thousand US that I buy.

If the United States Dollar falls it will cause a Global Depression as most of the Big Super Corporations use the United States Dollar as there main assets. This will mean the entire world will be effected if the United States Dollar falls off in value. The US dollar is the Dollar of World Commerce because it has the most acceptance around the world. This is because of the Big Companies that use the Dollar as they are United States Based Companies and even foreign companies rely on the United States dollar. So mass layoffs could happen across the world if the United States Government doesn't raise the Debt ceiling. This will effect the Value of every other currency on the planet. This will cause another recession across the world in which people will be fired. So for your sake and the whole worlds sake you should care because we are no longer nations that are separated. The Global Economy means we are all going to be effected if a nation doesn't take care of their Business. Especially if that Country is the major consumer of world goods which the United States is the biggest consumer in the whole World if we do less business with countries because the value of the dollar has decreased this will mean less money going into companies across the world less money means less jobs. So people will be effected who don't live in the United States by this and it could cause some serious issues.

Dollar failing would impact some of our industries very much, especially like Information Technology, Financial, Textile, Garments which are export oriented. Dollar depreciating against Indian currency - Rupees would make Indian products a tad expensive for Americans and other countries' people too. That could dent Indian exports. However, oil imports burden would lessen for Indian Oil companies, and price burden on consumers would decrease. SO, it won't be all white or all black.

Hi Beingwell, I think you have missed the true purpose of US government letting US dollar declines. The whole purpose is to make the debt so worthless that China will not gain. China bought too much US debt already. If the US dollar declines to half the value, then China will lose a lot of money. When the buying power of a dollar becomes just fifty cents, then China would lose the use of fifty cents. But then, the holders of US debt are mainly Americans. US is trying to cheapen the rate, so that jobs will return to US.