Revised Response to: The Future of Money and Banking

In the year 2050 the U.S. economy and the country as a whole will be completely different. The money, the technology, the culture, almost everything will be change and be totally different than it is in 2007. The future predicts an increase in the circulation of the U.S. dollar and it has been on the rise since the beginning of the 20th century. But what is also happening is the value of the dollar is decreasing making paper U.S. currency almost having no value what so ever. As this is happening, the Euro, European currency, is increasing and more countries continue to change their money to the increasing Euro. In the future, the value will continue to decrease making the Euro the new currency in the United States. In fact, the majority of the world's countries will transfer to the Euro and the world's currency will be based off of the same values. Also the dollar production will still not be the same as the production of other commodity goods. It costs about 2.5 cents to print one hundred dollar bills and that will continue. In the future, there are predictions that many businesses will converge and be together producing technology that will change the U.S. economy is the upcoming years. As this happens the Euro will become more valuable and countries whose currency value is depleting, they will convert to the Euro and the United States will follow. The countries that do switch to the Euro won’t just use the Euro they will use their currency in their own country but for their international reserves and trade they will start to use the Euro. This is what the textbooks are going to say about this occurrence of the U.S. dollar. The textbooks will describe the fall of the U.S. dollar and they increasing demand and value for the Euro and how the Euro has become the world's currency. This will cause the U.S. economy to rise as it will become easier to trade as production of exports and imports increase. This will cause the economy to flourish and other countries’ economies to also increase.