About America
By SATHUKYLM
@SATHUKYLM (11)
India
October 30, 2011 6:31am CST
I want to talk about America. From the media I understand that the effect of financial crisis in America. The country is under deep debt and gets billions as credit for daily needs. Many countries invested their wealth in dollar (in America).In my concept America is a very wealthy nation even this time and cannot believe in the news about the crisis of the country. What you think of this topic? If it is true, can they survive it? Is the monopoly of America end? How wil these things affect the whole world?
2 responses
@AidaLily (1450)
• United States
19 Jan 12
America can survive it and its possible for them to survive it, IF people weren't so concerned about putting more money in their pocket. For example the rich in America pay lower taxes than the poor. Now imagine if things were equaled out in a more fair type way. Then America wouldn't be in as much of a financial crisis as we would have more to pay off debts and get out of it.
@Mashnn (4501)
•
30 Oct 11
America has the world largest economy and incase it is affected, every nation is affected in one way or another. The imports of goods become also impossible because of the fluctuation of currency affecting trade and business all over the world. Dollar is used as the major currency in importing goods.
