Prime Rate Credit

In America, we are used to our currency, or our dollar, being one of the most valuable and trusted currencies in the world, having higher valuations than say the Mexican Peso or other foreign currencies of impoverished nations. But is the future of the dollar so bright, or are we in for a “doomsday” as some financial analysts always seem to predict?

The American dollar’s position as the preferred global currency has proven to be a boon for our living standards and our investments, both long and short term.

The dollar however, has seen better days than this current century, with the European currency, the Euro, beating the value of the dollar by almost 30% at times.

American Spending and Saving Habits are a BIG Part of the Problem

It has been said that the people of America, including individuals, and the American government, both locan and national, are not the best savers, and are even worse at spending over what they make.

This is said to contribute to the downfall of the dollar. So, if you want to help, you’d have to modify your spending and increase your saving, think you can do that? Now, if we could all just jump on that bandwagon….