By James McKee
Due to recent developments on the world stage many countries are edging ahead of others, creating a massive rift in-between those countries which just beginning to develop and those that are established. The measures being purposed will in all likelihood cover developing nations with regard to the interest rates of loans they are receiving from developed countries. This is a plan that may or may not meet with the approval of developed nations however since there are already a lot of problems occurring within the economies of “wealthy” nations. The government s of these nations are unlikely to cooperate with aiding these nations very easily.
Instead there is likely to be a great deal of tumult of as countries attempt to help themselves rather than their neighbors. Convincing the EU or the United States to give any more money to developing nations is going to be a very difficult proposition since they are already too poor to run their own countries. The value of the USD has been slumping on the online forex exchange for some time now because the United States economy has been in trouble for over a decade. With the constant threat of a depression looming over a United States that is already in a recession many do not see the possibility for the country helping other countries in need.
This has been a reality for some time now, and many nations that were dependent on US aid are finding themselves unable to pay for many of the things they used US money for in the past. As a result of this “drying up” of aid the world’s economy itself is being hurt, and many are blaming the United States for no longer contributing to the aid of other nations. This lack of support coming from the US has lead many to realize that the world’s economy is in serious trouble.
About the Author
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the online forex trading regularly.
