Technology Slice Blog

How's the Dollar Doing - It seems that the world dominant currency has not been doing so great lately. The value of the dollar depends on a number of things: the treasury notes, the exchange rates and the amount of American money belonging to foreign countries. Considering these numbers and the following facts, we can only conclude that the future does not look so great for the American currency. The US debt is over 13 trillion, which causes taxes to raise and economic development to slow down. There are voices who claim that the American government wants the dollar to go down in order to diminish the relative value of this enormous debt. The euro zone is also confronted with a lot of issues; but the demand for euro is increasing, as many countries want to join the European Union every year. This is why the US dollar seems to lose the combat with its European counterpart. Likewise, as the US dollar seems to be falling down, investors seem to be afraid of keeping their assets in ...