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Failed Doomsday on May 21, 2011, WE ARE ALIVE!!! - New Zealand News - Rapture 2011

Doomsday for the Dollar   by Montele Hogan

Years after the major economic depression hit the world, specifically the United States, many companies are slowly recovering and finding their way up again. But despite this fact, many financial experts are still seeing more crisis this year; mainly a crash in the value of the US dollars.

The unhealthy growth of the Americans borrowing and spending has been held accountable for the instability of the dollar values. However, there are a lot of reasons why the US dollar is seen crashing by many financial experts; all of the reasons, they said, are caused by the government and the banks themselves.

For every legislation that is done on areas like health care bill; cap and trade; tax increases; and even increase in military presence in Iraq and North Korea, the higher the possibility of the dollar crisis becomes. In the past, several other laws and regulations have been passed in the congress and have hurt the dollar value tremendously. Aside from these, external factors can also contribute to the crash in US dollars. One great example is the continuous trade of dollars for other currencies by countries such as Russia and China.

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