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March 24th, 2009
06:00 PM ET

What's the dollar worth?

ALT TEXT

(PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

First came Russia - and now China. The Chinese Central Bank wants to dump the dollar as the international reserve currency... and replace it with a new global system controlled by the International Monetary Fund. China says the goal is to create a reserve currency "that is disconnected from individual nations and is able to remain stable in the long run." Translation: Beijing is worried that actions being taken to save America's slumping economy will wind up hurting them.

It's also another sign that the Chinese are becoming increasingly concerned about holding more than $1 trillion of our debt. However, China did make a separate announcement yesterday that it would continue buying U.S. Treasuries. China wants a basket of currencies based on the value of the dollar, yen, euro and sterling. After Russia initially proposed the idea of replacing the dollar - it said China along with other emerging nations were on board. Also, A UN panel of experts is looking at increasing the use of a new international currency.

Most analysts don't think the dollar will be replaced as the world's leading foreign exchange reserve in the near future; but it may be a sign that China is flexing its muscle. The timing is also interesting; just a week before the G20 summit of the world's largest economies in London.

Here’s my question to you: What's the dollar really worth these days?

Interested to know which ones made it on air?

John from Louisiana writes:
Objectively, the world economy shouldn't be pegged to the dollar. But it will continue to be - as long as the U.S. is the dominant international player, that is. If that changes, all bets are off.

Mike writes:
With the recent spending proposals, the dollar is now worth much more than it will be 10 years from now.

Randy from Winnipeg writes:
I remember the good old days of the "gold" standard when a dollar was redeemable at face value in pure gold. With the way the global economy has ebbed and flowed in the decades since we moved to paper, it’s time to see a return to hard valued gold. Governments can print all the money they wish but there is only so much gold to go around.

Kimberly writes:
Jack, I'm glad to see that you and Wolf are so optimistic about the dollar. But frankly, I don’t think it’s worth a damn thing.

Barry from Fort Wayne, Indiana writes:
Jack, We will only know the full extent of the value once all the countries holding our debt dump it. I figure it’s really only worth the ink and paper it is printed on. Once our economy rebounds, hyperinflation will more than likely take over because of the irresponsible Congress members spending dollars like Monopoly money – and the lack of regulation by the Fed, which is pumping trillions into the system.

Kim writes:
Jack, As long as the drug cartels, pirates, terrorists and other thugs in the world want dollars, they're valuable.

Robert writes:
About a buck 23 Canadian. Do you want to trade?

John from Alabama writes:
Jack, Good question! The dollar is worth 2 postage stamps and 16 cents in change. The dollar is worth a small cheeseburger with no drink or fries. The dollar is worth half a gallon of gas. A dollar is worth 20 pieces of bubble gum. The dollar is shrinking.


Filed under: Economy
soundoff (290 Responses)
  1. erica p san antonio,tx

    I don't think the value will go away because there are some intrinsic values that cannot easily be duplicated by another currency. Like needing whatever entity to have influence, stability, and flexibility. The U.S has a stable government despite chaotic picture of our elections. We don’t have military coup and guerilla style civil wars. Most importantly based on our governing principles of free ideas and the right to express them and the willingness to change policies liberal or conservative in a short time frame. I know Russia, China and other countries harbor ambitions to replace us but I don't know a country who are stable, influential, and flexible all at once.

    March 24, 2009 at 5:02 pm |
  2. Dennis North Carolina

    one currency will never be possible because of trust. who and where will currency be controlled, printed, valued, policed and how much of your freedom will you give up? take our economy out of the world picture, Russia and china would not have a economy .

    March 24, 2009 at 5:05 pm |
  3. Jeff in Minnesota

    Wow! The dollar is worth something? Who would have guessed after all of the debt we have laid on.

    March 24, 2009 at 5:10 pm |
  4. Mike in Alabama

    The dollar is worth a great deal today, provided you only spend it at Wal Mart, McDonald's or Taco Bell.

    March 24, 2009 at 5:13 pm |
  5. Harry

    Jack,

    Only as much as you can convince someone it is worth. Like anything else in this world value is based on the opinion of the masses. If I could convince you it was worth, say, a brand new Escalade then I would say I have a nice crisp dollar for you Jack.

    March 24, 2009 at 5:14 pm |
  6. ed in ri

    Jack;
    As we speak, the dollar is holding its' own; but, based on the fed printing money 24/7, that luxury will soon depart into oblivion.
    The worlds' Central Bankers are orchestrating the most notorius money swap in this planets history. And, in the "light of day!" What a shame, that the glorified News agencies haven't "commented" on this stunning issue?

    March 24, 2009 at 5:15 pm |
  7. Fnord-tron

    The dollar has never really been worth anything. It is only worth as much as people are willing to believe its worth. Fnord! Money only exists in the mind. Fnord!

    March 24, 2009 at 5:16 pm |
  8. Dan Elliott

    Not much, but still more than any other currency otherwise you would see the Chinese and others dumping it. The Chinese still take the longer view then most in the West and are looking at it as an opportunity to drive the value down and squeeze out others. Have you noticed the influx of wealthy Asians coming to the USA to purchase property?

    W. Bloomfield, Michigan

    March 24, 2009 at 5:18 pm |
  9. Mohammed Elchehabi

    My meal at McDonald's

    March 24, 2009 at 5:18 pm |
  10. M.Kroapfl

    Not much abroad.
    However, here at home it still buys you everything. Be a wise consummer , look for bargain and you should be ok !

    March 24, 2009 at 5:18 pm |
  11. Brian Wicks-Woodland Hills

    Not as much as it used to be. Having said that, it buys more than it's equivalent in other countries.

    March 24, 2009 at 5:19 pm |
  12. Chuck

    Depends on what you have a Yen for.

    March 24, 2009 at 5:19 pm |
  13. Mig

    If you look at the amounts being printed in the last couple of years as a method to cover for the big mistakes being made, then It is only worth a very scary thought for the future and great memory of the past (while building this nation), nothing else!

    March 24, 2009 at 5:20 pm |
  14. Henson

    If it's like our 401K, about $0.55, 45% less then it was 7 months ago.

    March 24, 2009 at 5:20 pm |
  15. Pat Williams

    In our office building's lobby shop, a candy bar is 95 cents - criminal!

    March 24, 2009 at 5:21 pm |
  16. Mike dennison

    Well it is not what the dollar is worth today that concerns me, it is what it will become worth over time (worth much less due to watering down of value) with all the reckless spending on bailout after bailout and the propping up of toxic assets. Political types can say what they want, but none of our tax dollars should have been wasted on any of these boondoggles - there is not any company or enterprise that should be considered "to big to fail" except the US Government itself.

    March 24, 2009 at 5:21 pm |
  17. Clyde Luther in Charlotte, NC

    Jack,

    My grandkids still think it's a lot of money. For goodness sakes, don;t tell them otherwise !!!

    March 24, 2009 at 5:21 pm |
  18. ken

    Howdy

    On the face of it, it is hard to put a value on the American dollar when the Fed can simply print more money if it needs it. There is an old adage: paper doesn't refuse ink...... and if you can just print more money any time you need it where is the value?? Seems to me there should be some other standard, such as gold.

    March 24, 2009 at 5:22 pm |
  19. Ian

    um... 100 pennies?

    March 24, 2009 at 5:22 pm |
  20. Mike Syracuse, NY

    With all the deficit spending recently passed, a lot less than it was 60 days ago.

    March 24, 2009 at 5:23 pm |
  21. Doug Price

    Probably not even the paper it's printed on! Hey, can I add a bunch of zeros like that country in Africa did? A cup of coffee would be nice!

    March 24, 2009 at 5:23 pm |
  22. Brad Soland

    It's worth the paper it is printed on – plus whatever the person you give it to thinks its worth.

    March 24, 2009 at 5:23 pm |
  23. Sam - Brevard NC

    Being a financially disillusioned middle-class American, I can only speak for myself. The Dollar is worth more to me right now than at any other time in my life, seeing as how I was laid off and can't get a job to earn any of them. What it's worth globally will change daily, same as any other commodity or politician's promise.

    March 24, 2009 at 5:23 pm |
  24. Lucy n georgia

    In 1950 you could buy more with FIVE CENTS than you can buy with a dollar today. Bring back the good ole days when a dollar would buy you four gallons of gasoline.
    China is on it way to owning AMERICA

    March 24, 2009 at 5:24 pm |
  25. HIllis

    Jack,

    The dollar used to be the crown jewel of currencies and held presitige around the world. Today the dollar has been de-valued to currencies found in third world countries. Not much.

    March 24, 2009 at 5:24 pm |
  26. Duane Chadwick

    Dollars are being printed in bulk so the cost is down per dollar. The value however doesn't reflect the materials and effort to make them.
    Duane Savannah ,GA

    March 24, 2009 at 5:24 pm |
  27. D J Schaeffer

    A dollar's worth? Nothing...let me show you my 401K and IRA.

    March 24, 2009 at 5:25 pm |
  28. Herman

    Global currency

    March 24, 2009 at 5:25 pm |
  29. Clint

    Whats a dollar worth these days Jack? Well a dollar can still get you a movie at a Red Box. A Dollar can still get you, well, uh... a piece of gum? The real question for you Jack is just how long will it be before our dollar is more worthless than the peso or the rupee? I'd say three-five years. At the rate the fed, the treasury and the "annointed one" are spending money (generational theft) we will never get out of our debt and the dollar will be worht nothing in just a few short years. Thanks BIG GOVERNEMENT! Thanks OBAMA, GEITHNER AND BERNAKE, oh and cant forget Princess Pelosi!!!!!

    March 24, 2009 at 5:25 pm |
  30. Jim Hillhouse

    China and Russia don't like the dollar because as long as the dollar is the currency of choice, America remains the most important economy internationally. The Chines bought dollars to bolster their currency and will not sell because they know the Yuan would fall faster than the dollar. We are, after all, talking about a country that coddles the likes of North Korea's Kim Jong Ill and lets its own people die of milk tainted by antifreeze.

    Austin, Texas

    March 24, 2009 at 5:26 pm |
  31. Brad Soland

    It's worth the paper it is printed on – plus whatever the person you give it to believes it is worth.

    Tucson, AZ

    March 24, 2009 at 5:26 pm |
  32. Daniel Hollar

    Considering the loss of jobs and homes....a dollar is worth a whole lot right about now to those who need money (i.e., all of us).

    March 24, 2009 at 5:26 pm |
  33. Ryan in Portland, Oregon

    A gallon of gasoline is running $2.38; the dollar is worth 2/5 a tank of gas. Keeping the tank filled for a low cost means the value of the dollar is sufficient.

    March 24, 2009 at 5:26 pm |
  34. Mariaelena Raymond

    The dollar is worth whatever you can get for it. AIG execs get billions of them, me...I get $32,000.

    Brunswick,MD

    March 24, 2009 at 5:26 pm |
  35. John Q. Public

    We all know what a dollar buys today, it's the future that has me concerned. With the debt this nation has run up and the increasing clout developing nations are gaining, the dollar's future is bleak. We're in trouble...BIG trouble...and probably 90% of Americans don't even realize how much trouble we're in, including 100% of our leaders. Goodbye America, hello third world!

    March 24, 2009 at 5:26 pm |
  36. Colin

    George and Ben are just too old and tired. I'm surprised the dollar has managed to hold on as long as it has as the world's main currency.

    March 24, 2009 at 5:26 pm |
  37. yahn goodey and virginia orrall

    todays dollar is probably worth less than the dime that it used to cost me to buy a chocolate bar when i was 20 but that was 40 years ago.
    yes a dollar now is probably only worth a nickle or less.
    not even worth the paper and ink its printed on---guess we better learn to speak chinese or arabic so we can understand what our new masters wish for us to do to pay back what our politicians have got us into debt for???

    March 24, 2009 at 5:27 pm |
  38. Daniel Hollar

    Considering the loss of jobs and homes….a dollar is worth a whole lot right about now to those who need money (i.e., all of us).

    From: Tallahassee, Florida

    March 24, 2009 at 5:27 pm |
  39. John Whelan

    What’s the dollar really worth these days?

    Not Much!

    March 24, 2009 at 5:27 pm |
  40. George in Pa.

    About as much as Tolit Paper.

    March 24, 2009 at 5:28 pm |
  41. Steve Spangler

    The dollar is only worth what strength other economies believe it retains. The more bills that are printed and shoveled out the door of Congress to inept and inefficient corporations, the less confidence in our economic and governmental systems will be shown by other nations. Our elected officials are gradually deeding America to foreign interests... woe be unto us when they call in the markers.

    March 24, 2009 at 5:28 pm |
  42. Jared Evans

    Jack, its just another way for the Chinese to slump the US economy. Its an attempt to weaken us and for them to become stronger as a nation. It wont belong before China is the worlds super power..... What are the US representatives doing to stop a communist nation from doing this???? Arguing about how to borrow more money from China.

    March 24, 2009 at 5:28 pm |
  43. Al Bishop

    Let us see:

    In the 30s gold was around $20.00 per ounce.

    In my teen years (silver certificate days) ... gold was $35.00 dollars an ounce ... but the minimum (living) wage was $1.25 per hour.

    Now ... gold is $926.66 per ounce, minimum wage is $6.55 per hour ... poverty level wage is over $10.00 per hour (2.x persons per household)

    So ... todays dollar is worth $.04 of what I made in high school (the $35.00 per ounce). To be even with the $1.25 minimum wage then, I would have to make $33.00 an hour now.

    You have to wonder ... what is taking everyone so long to jump ship.

    AND ... YES ... It scares me.

    March 24, 2009 at 5:28 pm |
  44. joe

    Increasingly less. The proposals by China and Russia should be a wake-up to us all. We cannot continue to print trillions for which we have no backing and expect the dollar to maintain value. Be aware. Inflation is knocking at the door. China may be hoping for the best, but they are planning for the worst. Maybe we should too.
    Tucson, Arizona

    March 24, 2009 at 5:29 pm |
  45. James in TN

    In the 80's, I could got to Mrs. Story's store and and get a hundred pieces of candy but that was the 80's. Today, I could probably buy a few pieces of candy or a can coke but a dollar doesn't buy very much. Not even at the dollar store. Imagine that!!!!!!!!!!

    March 24, 2009 at 5:29 pm |
  46. Terry from Illinois

    According to my 401k retirement, its worth about 40% of what it use to be... We need to call FDR back so we can increase Social Security and Lyndon Johnson back to increase Medicare for us Baby Boomers !!!

    March 24, 2009 at 5:30 pm |
  47. Mike Gambino, Portland, OR

    The expensive cotton blended paper used to print US currency on is worth more than the face value of a $1 bill...and our government will continue printing until one day, a $1 bill will cost $100 to make.

    March 24, 2009 at 5:32 pm |
  48. Mark, Berwyn PA

    It's worht a dollar Jack.

    My six partners and I own and run a small manufacturing compnay that sells to every nation in the world, except those restricted by OFAC.

    Every one of our customers buys our product in US dollars. They all want US dollars. Every one of our customers, TO A PERSON, wants the US economy to recover becuase it kills their business when the US is in a down cycle.

    It's very simple; the US is still, by a large margin, the largest and most propserous economy in the world. And do not think for a single minute that any other country is even close. They know it; too bad our politicians don't.

    Maybe they should leave Washington and visit a business owner once in a while!!!

    March 24, 2009 at 5:32 pm |
  49. Dave

    It's definitely worth more than 4 years of Nancy Pelosi and Barney Frank! Well, not after they're done growing a government we already can't afford!

    March 24, 2009 at 5:32 pm |
  50. Terry from Austin

    Well Jack I'm in my mid 60s and I have watched my 401K become a 201K and proceeding rapidly to a 101K as a result of greedy people borrowing up to 10 times their annual income for a house(s) and bankers who were greedy and crooked enough to let them do it. Now it is too late for me to wait another 10 to 20 years for my investments to come back to full value. Consequently I will not be able to retire. As a result the dollar is worth very little to me even though I have always been responsible and continue to be responsible for my finances and the way I conduct my life. I really feel crapped on my a lot of my fellow citizens and a bunchy of crooked bankers.
    Terry from Austin.

    March 24, 2009 at 5:33 pm |
  51. Mike Pierce

    It's not a loaf of bread (20 cents), or a quart of milk (25 cents), not even a candy bar (5 cents maybe 10 for the big ones). A gallon of gas isn't it either (22 cents). About the only thing still uder a dollar is the stamp and it won't be long before thats off the list. So I'd say we should just quit making change for machines and start printing 1,2,3,4,5,6,7,8 and 9 dollar bills. Because a dollar ain't what it use to be.

    March 24, 2009 at 5:33 pm |
  52. Vero from Denver

    well, I can't even buy anything off the "dollar" menu anymore. 😦

    March 24, 2009 at 5:33 pm |
  53. Rob Bork

    what's one dollar worth? Instead of being worth 1/25th of an ounce of gold in 1909, now you get a candy bar or a small bag of chips.

    March 24, 2009 at 5:33 pm |
  54. Monty

    If we're talking true dollar value since inception, then it's worth just a few cents. The reality is the Federal Reserve has controlled the bubbles and lead us on this roller coaster ride of FIAT currency.

    What is needed is a return to Constitutional currency which specifies gold and silver. If the CCB is looking for a currency that will "remain stable in the long run", then gold and silver is where they need to look.

    As Ron Paul has said many times before, the Fed needs to be held accountable for the devaluation of our currency. They flood the market with BILLIONS or even a TRILLION, and fool everyone else with Ben Bernanke saying he's angry about the (comparatively minuscule) $165 Million in bonuses from AIG.

    Ron Paul has submitted legislation as HR-1207 "Federal Reserve Transparency Act of 2009" which would require the Fed to be audited, allowing us to know what the hell they're doing with all this taxpayer money. The bill has over 20 co-sponsors. Write to your Congress representative and show your support. This would be a major victory for the people of the US to ensure their buying power with the dollar.

    March 24, 2009 at 5:34 pm |
  55. Martin from Lincoln, NE

    The dollar is worth what it buys wherever you are, Jack. Here in Nebraska, I can still get a decent meal for around $5 but I know that's not the case in New York and other big cities. It is true that the dollar is losing its value, and for good reason. I supported Barack Obama over McCain in the '08 election, but only because he speaks more to my generation. I consider myself more of a Ron Paul democrat in that we need to seriously reconsider when and where it is acceptable for the government to intervene in the lives of ordinary citizens.

    March 24, 2009 at 5:35 pm |
  56. Rick McDaniel

    Not much more than a cup of coffee, at a convenience store, Jack, depending on where you are, of course. In many places it isn't even worth that. Forget Starbucks.

    March 24, 2009 at 5:35 pm |
  57. Sal

    Jack - I have not a clue as to what a dollar is worth these days but from all the slamming the GOP is doing up there on the Hill it must be worth something. Seems like to me instead of slamming everything the current administration is trying to do to set the ship right they should be putting out their ideas (if they have any). But then they might be just totally cluless since they are the ones running the show for the last 8 of the last 10 years.

    March 24, 2009 at 5:36 pm |
  58. Bea from Kenya

    I guess the one world currency is at hand....but this is not good for the U.S dollar. If this happens, the dollar will lose a lot of value.

    March 24, 2009 at 5:37 pm |
  59. Jeff

    The dollar is worth about fifty cents to me.

    March 24, 2009 at 5:37 pm |
  60. Robert, POLK COUNTY

    a double cheeseburger

    March 24, 2009 at 5:37 pm |
  61. Mike Webb

    About 10 cents Mike Webb Austin Texas

    March 24, 2009 at 5:37 pm |
  62. saifee

    Dollar is artificially high. I t may be worth half of it's value since last March

    March 24, 2009 at 5:38 pm |
  63. Gary in Oklahoma

    I don't know, Jack. You tell me. What will you give me for one dollar? With the Fed's printing presses causing the lights to flicker in the building, you'll have a VERY different answer today than you will have one year from today. I'm so happy President Obama and Bill Bernanke and Tim Geithner aren't about to let trouble come to AIG. Only problem is it means I'm going to need a wheelbarrow–not a wallet–to go grocery shopping!

    March 24, 2009 at 5:38 pm |
  64. Becky L.

    Ron Paul was the only presidential candidate that got this right. We must stop the practice of just printing more money!

    March 24, 2009 at 5:39 pm |
  65. marke

    The new international currency will be cans of Coke.

    2009: price = $1 / can
    2010: price = $1.1 / can

    i.e: a dollar will be worth 10% less in 1 years time.

    March 24, 2009 at 5:40 pm |
  66. Mike

    Hello Jack,
    I am from Colorado. The dollar is worth a McDonald's Spicy Chicken from the dollar menu. after hearing the word "Billion" in the last eight months, I really do not know what the value is so my comparison is only related to things that are important to me who are watching what the spend these days. We do not eat out anymore but if we do, the value of the dollar is only important while looking at the dollar menu....can't go to chinese anymore, their dollar scoop is not a dollar scoop anymore!

    Thanks Jack

    -m

    March 24, 2009 at 5:40 pm |
  67. Chris

    I feel like with $100 these days you could buy St. Charles Place or Marvin's Garden's. Boardwalk and Park Place are a little too pricy at this point. At least the color of the dollar hasn't changed.

    March 24, 2009 at 5:40 pm |
  68. Rex from Tennessee

    The dollar is tied to a very important commodity, and has been for years now.....lottery tickets.

    March 24, 2009 at 5:40 pm |
  69. Michael Eggebrecht

    What's the dollar worth , I tried to buy a Morning News Paper today for a buck. The kid said " You'll need another quarter buddie " It wasn't too long ago the paper was a quarter.

    Mike
    Genoa , Wisconsin

    March 24, 2009 at 5:41 pm |
  70. Dioganise in a greek restraunt in Reno

    where I am at it's worth a 5th of a pound Hamburger with cheese,
    pickle and tomato, lettace, special suace, on a whole wheat toated bun,
    Plus for another buck a large seasoned fries, or garlic fries on
    wednesday, and Sunday.

    March 24, 2009 at 5:41 pm |
  71. DOC

    Jack,

    The dollar is the equivalent of an amusement token. Once taken away from the environment it originated from, its WORTHLESS.

    March 24, 2009 at 5:41 pm |
  72. Richard Click

    Any investor takes and makes his or her own level of risk. Did anyone ask the Chinese to buy a trillion dollars of US securities? I say print a trillion $1.00 bills and buy them off. Their communist handling of the "yen" does more to the imbalance of trade between our two countries than anything else. Let them eat the "paper".

    March 24, 2009 at 5:41 pm |
  73. Joe

    Since we've left the gold standard, the value of each dollar printed in a 'bailout' makes each individual US dollar worth less and less. We've just introduced roughly a trillion of them, thats 1 million dollars a million times over, you get the picture.

    March 24, 2009 at 5:42 pm |
  74. Ken Sanders, Vancouver, Canada

    Yes Jack I am a ' gold nut '. 900 some odd of those U.S. bucks is worth one ounce of gold right now. O K let us look at China. What can they do with the Trillion Buckaroos ?? or more importantly what WILL they do ? How do we get them to spend it in the U.S. if they won't buy debt any more ? If they don't .. all they are holding is PAPER !!!! Yes we do need a complete revamping of world currencies tied to ( dare I say it ? ) GOLD. Thank you

    March 24, 2009 at 5:42 pm |
  75. Jane

    It's only worth about three or four cents, but no one will actually tell the public that.

    March 24, 2009 at 5:42 pm |
  76. steve o barstow ca

    Jack my childs school is gathering discarded soda bottles and cans to pay for school field trips. It takes 20 or so cans to equal 1dollar. if the school can collected 20,000 cans one school bus can take children on a round trip field outing.
    To pay for the the 5,000,000 dollars the district cut out of it's budget, well you get the picture a dollar is worth 20 cans. That is all it's worth!

    March 24, 2009 at 5:43 pm |
  77. Joe, Chicago, IL

    The dollar will soon be religated to worthless and will need to be renamed to the hundred.

    The dollar was officially doomed when Congress found out that the public (mostly uninformed citizens) no longer flinches when 'spending' and 'trillion' are used in the same sentance.

    March 24, 2009 at 5:43 pm |
  78. John

    I'm not sure if it's a good indicator of the value of the dollar, but haven't you noticed the size of the dollar menus at your local fast food chains getting smaller...Yes I do realize that not long ago there were no dollar menus at these estabishments, but there's a good reason for that. The dollar would buy you more back then, therefore no need for them. Now that it exists...it's getting SMALLER and smaller and...

    March 24, 2009 at 5:43 pm |
  79. tom

    The U.S. Dollar is worth what Americans as well as the rest of the world BELIEVE it is worth..........soon it is to be, "Buddy can you loan me a billion?"

    March 24, 2009 at 5:43 pm |
  80. Brian M from Iowa City, Iowa

    The paper to print the dollar is worth more than the actual dollar.

    March 24, 2009 at 5:44 pm |
  81. Jeff Pontsler

    The dollar bill's value has been diminished to become nothing more than a useable ruler. Measuring approximately 6" in length, it's great to have one in your wallet at the local homestore in order to get a rough idea of the size of something!

    March 24, 2009 at 5:44 pm |
  82. Emerson

    I don't know what the "big boys" think it's worth, but I do know that I can't buy as much as I could a few years ago, whether it be food, gas, or "toys." I also know that traveling to the countries I enjoy traveling to is now getting too expensive, and I may well have to forgo quality vacations for a while. And I am frankly terrified of the debt that we're incurring with these bailouts, because I figure that taxes will shoot up across the board in the future, killing off what little retirement money I have saved up until this point. I wonder if they'll revoke Roth IRAs or figure out some way of taxing them...

    Emerson, Los Angeles, CA

    March 24, 2009 at 5:44 pm |
  83. KarenB, centralFlorida

    about 45 cents (on a good day).

    March 24, 2009 at 5:44 pm |
  84. Bob

    The dollar is only worth what people are willing to believe its worth. Considering all the spending Obama has proposed, his face should be put on new $200 bill since it will take $200 to buy $100 worth of good and services soon.

    March 24, 2009 at 5:44 pm |
  85. Mars Gauthier

    Well! a dollar!

    It’s easy for us Canadians to analyze what a dollar’s worth! We just need the price of oil to go up and we can match yours. Drop the price of oil and the same goes for our dollar.

    I guess each country has it’s own cash cow or does it?

    That should be the question…

    regards,

    Mars

    Ottawa / Canada's National capital

    March 24, 2009 at 5:44 pm |
  86. Gustavo

    A pack of gum or a bag of chips.

    March 24, 2009 at 5:45 pm |
  87. Adam

    a double stack with cheese/ 4 chicken nuggets/ small fries/ frosty/ 3 cookies/ KFC Snacker/ somethine along those lines.

    March 24, 2009 at 5:45 pm |
  88. Samuel

    A dollar certainly is worth the time it took me to type this.

    March 24, 2009 at 5:45 pm |
  89. John

    John from Apache Junction Az:

    I’m not sure if it’s a good indicator of the value of the dollar, but haven’t you noticed the size of the dollar menus at your local fast food chains getting smaller…Yes I do realize that not long ago there were no dollar menus at these estabishments, but there’s a good reason for that. The dollar would buy you more back then, therefore no need for them. Now that it exists…it’s getting SMALLER and smaller and…

    March 24, 2009 at 5:45 pm |
  90. ian

    you can't even get a slice of pizza for a dollar anymore...

    March 24, 2009 at 5:45 pm |
  91. Bruce

    4 cents since the unConstitutional (privately owned) Federal Reserve came into existence and has relentlessly devalued it in order to create the fantasy of a investment bubbles of various kinds. When the domestic supply of money increases 14 fold by September '09 you will probably ask this question again Jack!

    March 24, 2009 at 5:45 pm |
  92. Tony Webb

    The only thing a dollar is worth are the words In God We Trust.

    March 24, 2009 at 5:45 pm |
  93. Gustavo

    A pack of gum or a bag of chips.
    From Los Angeles, California

    March 24, 2009 at 5:45 pm |
  94. Eric Hidle

    I would really like to know where the value of my hard-earned dollar has gone. Everything is more expensive today than it was just a few years ago, and now a satisfying fast food meal costs in excess of $8. My salary, while large, has not kept pace with inflation in the past 5 years. It's like getting a 4% pay cut every year considering REAL inflation, which the government doesn't like to tell anyone about. I can only worry what is going to happen when these trillions upon trillions of dollars Obama is borrowing from our great-great grandchildren hits the street. Everyone made a big stink about Bush's wartime deficits running into the few hundred billion. Now we have someone in office who is just inventing money out of nothing to reward a culture of fiscal failure on Wall Street AND Main Street, and to reward those who helped him buy his way into office.

    March 24, 2009 at 5:46 pm |
  95. LaVonda

    Jack, the dollar is virtually worthless. It's based on a lick and a promise!

    March 24, 2009 at 5:46 pm |
  96. Tony Kaminski Eugene, OR

    The US dollar is the still the world's international standard. The British Pound is gone (as a standard) and the Euro has yet to fully prove itself. Aside from pegging a currency value to a basket of others, the US dollar remains the best one in the world. The current economic recession is world-wide, and as a result, other currencies are struggling just as we are. The Chinese economy is only as robust as it is because it has been piggy-backing on our growth and prosperity for decades, but as soon as we have a dip, they want nothing to do with it.

    March 24, 2009 at 5:47 pm |
  97. charlie houston

    The dollar is worth about 4 cents compared to the dollar in 1913. By no accident the Federal Reserve system and income tax started in 1913 and was suppose to preserve the dollar and keep inflation in check, but instead they have printed trillions of dollars and destroyed its value.

    March 24, 2009 at 5:48 pm |
  98. Ross

    What's our dollar worth? "Change", just what Obama wanted.

    March 24, 2009 at 5:48 pm |
  99. TJ

    Jack-
    I can't even get a double cheeseburger from McDonalds for a buck anymore. The dollar ain't worth a thing!
    TJ
    Salem, OR

    March 24, 2009 at 5:48 pm |
  100. Joe Kent Island, MD

    The dollar is worth one lottery ticket, at least for now. If the world drops it as a root currency, we will all be rolling around wheel barrows full of cash just as the Germans did prior to WWII.

    March 24, 2009 at 5:48 pm |
  101. Steven D Biller

    Two-fifths of an ATM transaction.

    They used to say; it takes money to make money.
    Now it takes money, to get money, to lose money.

    Thanks alot.

    From Dallas, Texas

    March 24, 2009 at 5:49 pm |
  102. garrick

    hi jack
    I guess we need to ask China,or maybe ask Wall street and the Banks that has helped to bring the dollar down to just a peice of paper with a dead President picture.we need to be glad Washingtons not alive he would want his picture off the dollar bill.maybe we can put Bush picture on it.
    clearwater,fl

    March 24, 2009 at 5:49 pm |
  103. matt campbell

    a hell of a lot more than it will be worth to my daughter when she turns 20 in 2018. saving wall street with money we don't have will ensure that.

    March 24, 2009 at 5:50 pm |
  104. Jim Keller

    What's a dollar really worth? That depends. How much can you get for the paper it's printed on?

    March 24, 2009 at 5:50 pm |
  105. Wally Scherer

    As Americans we think of the dollar in terms of the volume of goods or services we can purchase with our dollars. If the price of pencils increases we think that the value of our dollar has gone down, not that the cost of material and labor to make pencils has increased or that the seller just wants to make more profit. We possess a myopic view of global finance.
    The real value of the dollar the way it is used in our current US economy is what someone else will pay for it. Since we run a large trade deficit we are dependant on other countries buying massive amounts of dollars in the form of treasury bills to to allow their goods to be purchased by consumers in our country. They can't stop buying T-bills because their economy will suffer so the value of the dollar remains high.
    Currently the buying pattern of conumers has changed drastically so the dollar is beginning to be perceived as less valuable. Our economy made the dollar valuable as long as we consume at record rates but if you look at what makes a currency stable it has been a solid manufacturing base. America has sold itself on becoming a nation of higher end white collar value added service providers – the first cut on the food chain when times get tough. Our economic policy, foreign policy and our acceptance of reliance on a global economy for cheaper manufactured goods has idled factories, dislocated people and made corporations ruthless in their highing and laying off employees. The sadest part of the process is Congress has given the entire process the "Good Congressonal Seal of Approval" and now it cries foul over the current financial debacle.

    March 24, 2009 at 5:51 pm |
  106. Michael

    Going to worth a lot less soon as a result of all this Government spending. Interest rates will ultimately rise and inflation will eat up whatever money is left in our pockets. Time for the American public to say ENOUGH!

    March 24, 2009 at 5:51 pm |
  107. Vlad

    Corny as it might sound, it still represents security, trust, stability and freedom. Can China, Russia or any other supra-national institution provide me with those them I will listen.

    March 24, 2009 at 5:51 pm |
  108. Sunil

    A rose is a rose is a rose by any name you call it. It can almost still buy a CITI share.

    March 24, 2009 at 5:52 pm |
  109. Max in Oregon

    Hi Jack –

    I am not sure if it is still worth the .04 cents on the dollar as compared to 1913 value, ironically the year the Federal Reserve was "formed", or if it has dropped to .03 cents on the dollar of 1913. Wake up people.

    Max
    The People's Republic of Portland

    March 24, 2009 at 5:53 pm |
  110. Bill, Rio Grande Valley, TX

    What’s the dollar really worth these days? Well, Jack consider the following facts.
    A 1975 dollar is now worth about 40 cents a 1959 dollar 13 cents. To purchase items costing $1.00 in 1959 will now cost more than $7.38. Another view of the value of the dollar is how many dollars an individual owns or controls. The minimum wage just rose to $8.55. However, we know that for the few, wages & bonuses are in the millions.
    The US economy ranks 67th in the world. The value of our agricultural output is 1% of our GDP, industry 20% and “services” about 78% but contribute little in building the total wealth of the nation. The EU has about the same total worth as the US economy.
    Ten percent of US citizens own75% of the tools of wealth: cash, stocks, bonds and business real-estate. This allows this group of 30 million citizens to control: corporations which own the tools of information gathering and broadcasting; hire lobbyists to influence public policy; fund influential institutions like religion, universities and think tanks which produce the oft quoted “analysts”.
    The bottom ten percent of us is not left out. We own/owe about 75% of all the outstanding private debt and a pretty good share of the national debt too.
    If our recession causes the lowest 10% of us to fall more; these debts may go unpaid, and not look to China, and the rest of the world as a good investment for their wealth.

    March 24, 2009 at 5:54 pm |
  111. Tom Kastl

    We've done nothing but build the economy and the nations wealth for China by sending jobs over there and buying merchandise from them for the last several years... Let's bring it back home and build our own!

    March 24, 2009 at 5:54 pm |
  112. Ralph Spyer chicago Il

    How many dollars buy one ounce of gold? say one thousand : How the dollar against the Euro? say one dollar and thirty five cents to one Euro.

    March 24, 2009 at 5:54 pm |
  113. Ken

    The value of a doller is determined by what you can buy with it. And the value fluctuates from day to day, as other currencies do.

    A "basket" of currencies might be a good idea, since a strong currency, in the "basket" might offset the lower value of a weaker one.

    March 24, 2009 at 5:55 pm |
  114. AspenFreePress

    The value of the buck has been going through the floor for the past eight years. I don't see what's so different about now except there's a Democrat in the Oval Office instead of the Republican who orchestrated the initial $750 billion Wall Street bailout. Same song, second verse. Sterling Greenwood/Aspen

    March 24, 2009 at 5:55 pm |
  115. John L

    Trillion is the new Billion, so whats a dollar really 'worth?' in a fiat empire where a trillion dollars has to be imagined?

    March 24, 2009 at 5:55 pm |
  116. Mike in Minneapolis

    In my view, a dollar is really worth about 34 cents. By the time you figure in the tax and inflation, there is not much left in spending power.

    March 24, 2009 at 5:55 pm |
  117. Karthik

    A Dollar is worth less than yesterday, and more than tomorrow.

    March 24, 2009 at 5:55 pm |
  118. Louise in Alabama

    The dollar is worth whatever they key on the dollar bill says it is.

    March 24, 2009 at 5:55 pm |
  119. Greg, Ontario

    Just like anything else Jack, it is worth what people are willing to pay for it.

    March 24, 2009 at 5:56 pm |
  120. Neal

    Jack:

    You are wrong in saying "China wants a basket of currencies based on the value of the dollar, yen, euro and sterling." These currencies reflect the basis of the current system of Special Drawing Rights (SDRs) introduced by the IMF in 1969 to support the Bretton Woods fixed exchange rate regime. Zhou Xiaochuan, the central bank governor for the People's Bank of China, proposed creating a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

    Today, the value of SDRs is based on a basket of four currencies – the US dollar, yen, euro and sterling. China proposes to expand the basket of currencies forming the basis of SDR valuation to all major economies and set up a settlement system between SDRs and other currencies so they could be used in international trade and financial transactions.

    March 24, 2009 at 5:56 pm |
  121. Larry Kostiuk

    I would say, " Not very much" considering the Country is like a "Dead man walking" aka BANKRUPT!

    I would take the Chinese up on their offer before they change their mind!

    March 24, 2009 at 5:56 pm |
  122. Jonathan from DC

    Jack- One dollar means the world to me. I work as a waiter in a restaurant and have noticed my tips slowly diminishing one dollar at a time. Often times I feel the urge to confront customers who short me on tips and say "hey, look, I know we are in a recession and discretionary spending is the first thing you'll cut back on, but maybe you should include proper gratuity next time when deciding whether you can afford to eat out!" How much is a dollar to me? It's about 40% of my hourly wage...

    March 24, 2009 at 5:57 pm |
  123. Timsar Khan

    its worth 50 INR (INDIAN RUPEE), and from Indian point of view, its worth a lot!

    March 24, 2009 at 5:57 pm |
  124. tc

    Try living overseas while getting paid in U.S. dollars. Then you will find out that the greenback may be slipping, but it is still then best thing around.

    March 24, 2009 at 5:58 pm |
  125. Kyle, Washington State

    Well there used to be an expression "That and 2 bits will get you a cup of coffee". Well, since coffee is $4.00 a cup when served by a "barista", I suppose we need to update that saying.

    March 24, 2009 at 5:58 pm |
  126. Zuke Ebii

    It's worth the promise that a nation that no longer produces much will meet its obligations with complex debt manipulation tools.

    March 24, 2009 at 5:58 pm |
  127. Joe McGee

    It has become my best friend in the last few months.
    -Phoenix, Arizona

    March 24, 2009 at 5:58 pm |
  128. Eardley Ham

    Jack,

    As always, a dollar is worth whatever someone will give you for it. A few month ago, you could trade a dollar for a 140th of a barrel of oil. This noon, my son and I traded a dollar for a 20th of a buffet meal. As far as the next dollar I spend, I don't know what it will be worth-

    March 24, 2009 at 5:59 pm |
  129. Robert Simmons

    I find it interesting, that those of us who believe in the integerity of the free market concept. Namely if you suceed, you get to keep your earnings, and if you fail you go broke. Don"t seem to have many supporters, these days. My parents never had any money, just kids
    but they supported, and passed on the dream, our free market system
    allowls us all. I hate to be the generation that allowed this dream to fail.

    March 24, 2009 at 5:59 pm |
  130. Kathie

    Not even 2 cents Jack.

    Kathie, Houston TX

    March 24, 2009 at 6:00 pm |
  131. rick,alabama

    After the Clinton administration a dollar had some value.After the Bush administration it the dollar had no value.The value of the dollar reflects the values of our presidents.

    March 24, 2009 at 6:00 pm |
  132. David Miller

    This dog is all bark and no bite. The Chinese are just angry that they are reliant on the US economy and the US dollar to fuel there own growth. They have to buy our paper because if they don't, they do not have a better place to put their money and we can't buy their stuff any more.

    March 24, 2009 at 6:00 pm |
  133. manny g

    Well America must realize that the Chinese are not stupid people. The Chinese people know what coming. The Chinese know it’s a matter of time before they get screwed by AIG, Wall Street and the rest of the money people. The U.S. money people do not care about anyone or anything.

    March 24, 2009 at 6:01 pm |
  134. ja

    1 million dollar

    March 24, 2009 at 6:02 pm |
  135. D'Ann Hernandez

    The dollar is sure not worth what it used to be thank God for dollar menus. To buy anything or have a good time you need at least $50.00 and thats for me and my husband no kids. I can not imagine what it would be like with kids.

    Stockton California

    March 24, 2009 at 6:02 pm |
  136. O'shea

    It seems like the dollar is worth a lot more than it was one year ago. Gas prices are lower and retail stores are slashing prices on everything. It's great.......As long as I don't get laid off from my job.

    Grand Rapids, MI

    March 24, 2009 at 6:02 pm |
  137. Patrick L.

    This is the beginning of the end of the dollar.
    The Fed. and Timothy G. under the Obama administrations rule are committing treason by making the dollar become worthless. The actions by the Fed and the treasury secretary are against the constitution, and against the sovereignty of this nation!

    A time is coming soon, when the PEOPLE will rise up to reclaim control of their government. The seeds of a revolution have been planted.

    March 24, 2009 at 6:02 pm |
  138. Craig Jollymore

    What is a dollar really worth these days?

    A whole lot more than it will be worth in 24-36 months.

    There are two choices:

    ONE: "Manage the crisis" print money, and pretend the problem is an underinflated economy. This will result in a devaluation of the American Dollar, loss of its status as the reserve currency, a halt to denominating oil in the US$. Expect oil, coffee, electronic goods, and anthing else not made in the USA to skyrocket in price. A long steady decline in the US standard of living will result from this course of action. This is the course of Bush, Obama, Paulson, Geitner, and Bernanke.

    TWO: " Lead through the crisis". Start by getting honest. We have lived beyond our means, and rewarded liars and charlatans. Instead, let bad businesses fail, even the big ones, and insist the consequences of poor investments to fall on those who made them (including me). And out of the ashes of this failure will rise the true American spirit of innovation, leadership, excellence and winning fair and square. Start building things again. Become a net exporter of things. But this only happens through a painful, difficult acknowledgement of reality, of failure, of dishonesty.

    Otherwise, in a couple of years, those dollar bills will be great for lighting the kindling. You know, after they cut off the oil.

    March 24, 2009 at 6:04 pm |
  139. Layne Alleman

    Jack, While it's not worth alot to the rest of the world (and crrently ain't taking me far!), I keep remembering back to when the Euro first came on the scene as the 'all-encompassing" currency of Europe. Well maybe it's just me, but it doesn't seem to have made transactions any easier over there than they were before. Besides, I kinda like the way they keep changing the colors and thicknesses. Besides who would know who our first president was without a dollar? Layne A. Antioch, Il.

    March 24, 2009 at 6:04 pm |
  140. Tiffany Raines

    Jack, if the dollar gets any more inflated, it will start to float like a piece of dust in the air.

    Printing a trillion dollars out of thin air makes us one step closer to crashing our monetary system, and conveniently forcing us to convert to an international currency when that happens.

    And so the New World Order begins.

    March 24, 2009 at 6:04 pm |
  141. RICHARD MASSENA

    I'am 65 years old...my biggest fear is that I'll out live the country I love.

    March 24, 2009 at 6:06 pm |
  142. Robbie

    $1.00

    March 24, 2009 at 6:06 pm |
  143. WhatsGoingOnHere

    In my opinion a dollar is worth about one cent today when compared to what its' value was in the year 1900.

    March 24, 2009 at 6:06 pm |
  144. moses

    is worth a lot. You would't know how much the dollar is worth unless you visit other countries and try to buy something. visit places Like mexico, Liberia, S.Africa, France, China and you find out how much its worth.

    El cajon, CA

    March 24, 2009 at 6:06 pm |
  145. Sarah

    A dollar is worth a soda. And sometimes not even that.

    March 24, 2009 at 6:07 pm |
  146. KJ

    This is the beginning of the end of the US led era. There is nowhere to go but even further down on the international economic scheme of things. We used to be the powerhouse due to our power as consumers, but with the demolition of the middle class... we just can't hold the title for that much longer, number 1 economy. Who knows, maybe time will prove me wrong, but it seems that the statements people keep making about how things can only get better is turning out to be the opposite. We can keep plunging into this abyss and god knows when we will ever get out of it.

    March 24, 2009 at 6:07 pm |
  147. james r smith

    who knows what the dollar is worth now? in one period of two years, the bush administration cut interest rates seven times out of eight quarters. every time the stock market failed to gain. that kind of thing makes the paycheck of someone on salary a little lighter every time. cheap money, less purchasing power.

    now, the housing bubble bursts. and...propping up wall st. constantly kept stock prices much higher than they should have been so they corrected all at once.

    what do we do? we print lots of money to get the economy going again. more weakening of the currency. soon, someone will calculate what we lost in purchasing power over the last eight years but i'm not sure i really want to know.

    March 24, 2009 at 6:08 pm |
  148. Al Stullero

    A dollar is worth the amount that remains after Obama taxes it.

    March 24, 2009 at 6:09 pm |
  149. Tony in IL

    Jack, I like the whole Big Mac presentation but even though it may be cheaper here then other countries, it costs more today for that Big Mac here in the US then it did twenty years ago. As with the greedy corporations, every time executive pay goes up and the minimum raise goes up, so does the price of everything we buy. If the pay would be held steady on executive pay as well as minimum wage, you wouldn't see a Big Mac be worth more then $5 in years to come.

    March 24, 2009 at 6:10 pm |
  150. EyeAm

    The dollar is worth little or nothing, because it is backed by NOTHING.

    If the U.S. government returned to the Gold Standard, with Gold trading at an all-time high in recent years, the value of the Dollar would appreciate dramatically, and foreign nations would cease considering dropping it as their international trading unit.

    The U.S. government is stupid.

    March 24, 2009 at 6:10 pm |
  151. HD in Phoenix, AZ

    Jack,

    If dirt were dollars...I would'nt worry anymore.

    HD in Phoenix, AZ

    March 24, 2009 at 6:10 pm |
  152. Jesse

    The dollar is worth exactly what it's printed on, a sheet of paper. This country went bankrupt when it created the Federal Reserve. We are now slaves within our country and are at the mercy of the printing press. They'll keep printing more and more and more and more money untilt he banks vaults are full and overflowing. Whatever happened to fiscal conservatism anyway?

    March 24, 2009 at 6:11 pm |
  153. Dean Michael Harrington

    Not the dollar, Jack, the Euro. And the only reason it hasn't caught on too quick? It's hard for rappers to come up with a rhyme word with Euro.

    Dean from Modesto

    March 24, 2009 at 6:11 pm |
  154. Timothy paskowski

    What's a dollar worth, jack? I'll tell you:

    A dollar is still worth PICKING UP!

    – Tim, University of Central Florida.

    March 24, 2009 at 6:11 pm |
  155. Ron F. Carlot, NC

    In a simple answer because I am involved in numismatics and currency as my vocation...I have to answer your question with a question. How much GOLD is left in Fort Knox?

    March 24, 2009 at 6:11 pm |
  156. RJ

    Ironically, the one politician who has been warning us of the dollar devaluation is Congressman Ron Paul, who was marginalized by the mainstream press and is still often called a radical, simply because he reminded us that historically empires crumble unless they adapt a humble foreign policy. Maybe it is time to listen to a man who has been elected 10-times to office and one of the few who practices principled integrity on the hill. We certainly do not listen to our founding fathers anymore nor follow are own constitution. Perhaps he is right and we should cut our spending, bring our troops home, restore civil liberties, back our currency, and get our own house in order before preaching to the rest of the world, as radical as that may sound.

    March 24, 2009 at 6:11 pm |
  157. Stanley

    the dollar is not worth that much now as it was back in the days but it could get better because obama is in office

    March 24, 2009 at 6:12 pm |
  158. frank gioffre (jofre)

    the us dollars' actual worth is zero: the empty set, yet still a number. Uncle Sam desperately needs the skill-set, to earn money other than income taxes. Royalities on all natural resources with no exceptions. And fees in all aspects where government agencies are involved. Uncle Sam needs to understand that all citizens own its resources and must be viewed as income sources.

    March 24, 2009 at 6:12 pm |
  159. Barry- Fort Wayne, Indiana

    Jack- We will only know the full extent of the value once all the countries holding our debt dump it . I figure it is really only worth the ink and paper it is printed on. Once our economy rebounds
    hyperinflation will more than likely take over because of the irreponsible congress members spending dollars like monopoly money and the lack of regulation of the federal reserve who is pumping trillions into the system.

    March 24, 2009 at 6:12 pm |
  160. Robert Borden

    About a buck 23 Canadian. Do you want to trade?

    March 24, 2009 at 6:12 pm |
  161. Al

    Umm..a dollar is worth a dollar isn't it? Money is a made-up concept invented as a promise by a government to back a transaction made between two parties. So, using that definition a dollar is worthless as our government has no credibility when it comes to financial matters. Can you say Wampum?

    March 24, 2009 at 6:12 pm |
  162. Willie From Weston, Florida

    Hey Jack,

    It is evident, from all of the financial calamities and ensuing public policy initiatives that we are headed towards a conflation of currencies. The Euro is one imperfect, yet reliable example. If you study recent accounting policy as promoted by the WTO and the UN in particular, we are heading towards a new accounting standard that is internationally based as opposed to regional constructs as exist today. U.S. GAAP will no longer be the defacto standard and the U.S. Dollar will follow at some point after. One global policy is put into place, of any stripe, it is only a matter of time for micro behavior to follow.

    March 24, 2009 at 6:12 pm |
  163. William Engdahl

    Jack, after inflation gets a hold of it, the dollar won't even be worth the paper it is printed on.

    March 24, 2009 at 6:13 pm |
  164. Mike in SA

    "What’s the dollar really worth these days?"

    With the recent spending proposals, the dollar is now worth much more than it will be worth 10 years from now.

    March 24, 2009 at 6:13 pm |
  165. Kim

    Jack,

    As long as the drug cartels, pirates, terrorist, and other thugs in the world want dollars, it's valuable.

    March 24, 2009 at 6:13 pm |
  166. Betty, San Diego, Ca.

    I can remember when the gas station attendant would fill up my car with gas, clean the windows, check the fluid levels and check the tire pressures all for just three dollars. Three dollars would not get me very much from that same gas station attendant today.

    March 24, 2009 at 6:13 pm |
  167. Ted

    Since it's obvious to anyone we're going to inflate our way out of this mess, I can't see the creditor countries wanting to make loans in dollars for too much longer. The analysts who don't see this happening are probably the same one's who insisted the housing market wasn't a bubble. With so many mortgages (subprime or not) under water, the only way to really restore the banking system is inflation. Whether it's the government printing money to buy the bad loans, or just prices of everything skyrocketing, the effect is the same. Current loans will be paid back with dollars worth half or less of what that dollar was supposedly worth when it was lent.

    March 24, 2009 at 6:13 pm |
  168. Ron Wheeler

    You ask what the dollar is worth?

    Well, I keep a few bills handy in my bathroom
    just incase I run short of toilet tissue!

    March 24, 2009 at 6:13 pm |
  169. John

    It does not matter what it is worth every Country wants it

    March 24, 2009 at 6:13 pm |
  170. arlene in iowa

    it's worth a lot at McDonalds if you eat off the dollar menu..

    March 24, 2009 at 6:13 pm |
  171. Anthony

    From : New Haven, cT

    Sounds to me like the Chinese have what American policy makers and banks do not have– some concept of long term strategy.

    March 24, 2009 at 6:13 pm |
  172. Stanley,Boston Ma

    the dollar is not worth that much now as it was back in the days but it could get better because obama is in office.

    March 24, 2009 at 6:13 pm |
  173. mason

    More than anybody thinks.

    March 24, 2009 at 6:14 pm |
  174. Edgar Diaz Huntington park

    Its Worth A LOT! Thats if you know how to use it well

    March 24, 2009 at 6:14 pm |
  175. Philip Boabang

    Jack the dollar is worth more than the yen and the russian currency...what ever they call it. Who are these communist to detacte?

    March 24, 2009 at 6:14 pm |
  176. matt

    isn't it funny that in the bible they talked about a one world currency just before the end time?

    March 24, 2009 at 6:14 pm |
  177. Alex Joneson

    Absolute none sense. The private banks the orchestrated this collapse want a new world currency which they set the prices to and control. A new global currency is our controlled governments solution to a problem they created. We need to audit the Federal Reserve now!

    March 24, 2009 at 6:14 pm |
  178. Bill McLaughry

    The dollar relates to gold, and only to gold, which cannot be "printed" by any nation. Right now, the Dollar is worth around 1/900th of a troy ounce of gold. Roosevelt devalued it from 1/20 of an ounce to 1/35. Whose national currency is any more liable to be stable than our "dollar" which is only a promise to pay, like the tag they give you in the cloak room. The tag sure won't do anything to keep you warm. And the coats have disappeared.

    March 24, 2009 at 6:14 pm |
  179. Ken in NC

    Jack, the dollar is worth nothing if you hold it but if you give it to me it’s value would increase 100 fold.

    March 24, 2009 at 6:14 pm |
  180. Jeffrey Friedman

    Since we continue to run huge balance of trade deficits, clearly the dollar is worth too much. I would like to see us devalue the dollar to make U.S. goods and services competitive worldwide again, and maybe bring jobs back to our shores.

    March 24, 2009 at 6:14 pm |
  181. Dan

    Jack,
    Well fiqure out what cost a dollar when the dollar was strong and see what it cost today. I remember a chicken use to cost $.25 a lb in the good old days and now it's, if you're lucky $.99 a lb. So a dollar is worth about $.25. That was a long time ago...I don't know the exact value but whatever it is, it isn't enough to cover basic needs, but I guess we ought to be grateful that it still buys some stuff and we can still carry the stuff in our wallets and not a wheelbarrow.
    I really appreciate your take on the what happens, thanks a lot.
    Dan

    March 24, 2009 at 6:14 pm |
  182. alex

    A dollar is what buys my lunch at work – a nice healthy pepproni hotpocket – for the days when I'm just plain broke.

    March 24, 2009 at 6:14 pm |
  183. Robert Borden

    About a buck 23 Canadian. Do you want to trade?

    St.John's, Canada

    March 24, 2009 at 6:14 pm |
  184. Steven Salazar

    Jack, I do not believe the dollar will be worth the paper it is written on for long. It's only a matter of time until there is a One World Currency, and a One World Government as described in the Book of Revelations.

    Steven Salazar
    Austin Texas

    March 24, 2009 at 6:14 pm |
  185. Steve St Paul/Omaha

    Jack -

    The dollar needs to be replaced by a composite of currencies. We have been irresponsible.

    stv

    March 24, 2009 at 6:15 pm |
  186. Jeff Frederick

    My grandad used to sing a song that came from the Great Depression Era about a guy "sitting on a fence trying to make a dollar out of 15 cents". Maybe what was true then is true now!

    March 24, 2009 at 6:15 pm |
  187. Corey

    I don't know personally, but the Sally Struthers of the world tell me I can feed a family of 4 on pennies a day. So I guess it's worth a families life for a week.

    March 24, 2009 at 6:15 pm |
  188. Yannick from MONTREAL

    $1.23 CDN (down from $1.48 when US economics meant something. Now its just backed by the strength in numbers of your population as a market for the rest of the world to rape)

    March 24, 2009 at 6:15 pm |
  189. Steve, Clifton,VA

    Jack

    It's worth fighting like hell for!!! Fight to preserve it as the International currency standard.....

    Steve
    Clifton, VA

    March 24, 2009 at 6:16 pm |
  190. Oregon Wally Las Vegas Nevada

    at burgerking you get the mini mac and a paper gold kings crown, to impress your neighbors with...

    March 24, 2009 at 6:16 pm |
  191. yonas

    jack, i think those nations should remember its the u.s dollar that brought them from their misery. they should come on board just like we did in ww1 and ww2

    March 24, 2009 at 6:16 pm |
  192. Bob

    When I was in Elementary school in the 1930's I paid .08 cents for a soda and hotdog lunch. Cheep, yes, but my Dad worked 7 days a week and made $12 for the effort; We lived decently – not well.
    Today, as a 78 year old retiree my monthlty income is ten times what my Dad made a year and I still live decently – not well. I know others are not as lucky but like Eardly Ham says, you get what someone will give you for a buck. I wouldn't give up what I have today to go back to the 1930's ratio, however, the next generation is going to have to "hoe a hard row" to make ends meet if the "plans" put forth by the BO administration fail. A likely event I fear.

    March 24, 2009 at 6:16 pm |
  193. John

    about 28 potato chips in a bag of air. I once asked a department store clerk if the store took Federal Reserve Notes... He said he would have to check with the Manager.... SEE, NO VALUE, NOBODY SEEMS TO KNOW WHAT A DOLLAR IS.

    March 24, 2009 at 6:16 pm |
  194. James V.

    What is the Dollar worth? Because of the size of our Budget Deficit and the value of the US Treasury Certificates owned by China, our Dollar is worth what China thinks it's worth. Very sad BUT Very true, Jack.

    James V. South Central NJ

    March 24, 2009 at 6:16 pm |
  195. Alex Joneson

    Jack just say audit the federal reserve which is a private bank which we have no control of.

    March 24, 2009 at 6:16 pm |
  196. Jeff Miller

    What are the words of the National anthem? "O say does that Star spangled banner yet wave...." ? Don't rule out the USA or its dollar too soon. When the sun rises they'll still be here, stronger then ever.

    March 24, 2009 at 6:16 pm |
  197. john christopher

    Worthiness...used to be the dollar was based on some valuable commodity like gold or silver. The value of a dollar today is based on
    speculation in the stock market. The dollar is not worth the paper it is printed on – literally. How unfortunate it is that it was not the socialist hordes that brought Wall Street to its knees, but Wall Street's own greed. A dollar is worth about as much as a dime used to be.

    March 24, 2009 at 6:16 pm |
  198. Kevin McKenzie

    The U.S. dollar has lost 95% of it's value since the creation of the Federal Reserve, and I'm worried that we're on the road to hyper-inflation. Inflation, which is defined as an increase in the supply of money, is a hidden tax on the American people which steals their wealth from them. The only way to stop the government from stealing our wealth is to end the Federal Reserve, and return to a 100% gold standard. This would stop our government from being able to inflate the currency on a whim, and force them to live within their means.

    Canton, Ohio

    March 24, 2009 at 6:16 pm |
  199. george

    im with wolf and yourself.......i believe in our dollar.
    the problem today is that most of us dont have any faith in wall street or obviously the banking system.
    the greed of washington,wall street, aig the bernie madeoff's of the world coupled by the stupidity of most average americans....ie motgages they couldent afford........have all helped to errode the courant faith in the buck.
    this country is getting the beet-down it desreves..........but dont worry jack soon you and i along with wolf will be back out in force buying more maytags and useless crap that we dont need.............thus putting the world back in fine working order.
    george
    chester,ct.

    March 24, 2009 at 6:16 pm |
  200. Michael Roepke - Dallas

    Dear Jack
    I do a lot of travel and I don’t ever want to be caught abroad with a pocket full of Belize dollars,
    Turkmenistan’s Turkmen manat or Angola’s kwanza. We might have many reservations about the worth of our dollars but we still should not leave home without them.

    March 24, 2009 at 6:17 pm |
  201. Dan Fowlks

    About a dollar three-eighty.

    March 24, 2009 at 6:17 pm |
  202. Gary

    Jack, I seen last month on the DEPT. of the Treasury's site that A person making $3 p/hr in 1959 had the same buying power as a person making $27 today
    Gary
    Key Largo, FL

    March 24, 2009 at 6:17 pm |
  203. Nene

    My dollar is worth just what I can purchase for the day.

    March 24, 2009 at 6:17 pm |
  204. Robert Landschoot

    dollar ain't wruth paper writ on. was in Korea when their money went wurthless. Time's comin' when pack cigarettes'll be worth more than money spent t' buy it

    March 24, 2009 at 6:17 pm |
  205. Kyle from Mohnton PA

    Intrinsically, the dollar is worthless. The only value in the dollar is what people are willing to trade for it; be it a fast food hamburger or 0.7395 euros. The dollar is only a promise, and with the US increasingly willing to spend its way out of its problems, the world is right to have doubts about if it can be kept. Ron Paul was right, we need to check our spending and shore up our currency.

    March 24, 2009 at 6:17 pm |
  206. Ed Post

    What's the dollar really worth? Why worry about it when the Chinese yuan is what we will be carrying around in our wallets. I'm not worried about the dollar any more after my 401K has been decimated and raped. I'm even learning to speak Mandarin! I'm ready, BABY!!!

    March 24, 2009 at 6:18 pm |
  207. Janet

    Ask an unemployed homeless person what a dollar is worth these days. Not much, Jack.

    Janet
    Yosemite Gateway, California

    March 24, 2009 at 6:18 pm |
  208. Sherry, N. Calif.

    The dollar In America it is not worth the paper it is printed on by the way they are throwing it around. In other countries it might fair better for awhile but-who knows how long? I would like to make half of $90,000. The Republicans don't get it. You do not keep cuttting taxes and DE-RUGULATE. We need to REGULATE the banks, prvt. firms(AIG's), etc. that are out of control with making all the money at the top. It is not trickling down. REGULATE, REGULATE ,REGULATE and make the RICH pay their fare share of the taxes in this country. Where do they get off thinking they should not pay higher taxes by the amounts they make?

    March 24, 2009 at 6:18 pm |
  209. Roeland Beers, netherlands

    Currently the market may still value the dollar relatively well, but with the deficit running ballistic and the only option financing that is simply printing more at the copy-shop, i see the dollar devaluate extremely over the coming years ( unless the unfunded spending stops immediately, however painful for both population and economy). Read the chinese warning in their polite manners... They willen stop funding american debt.

    March 24, 2009 at 6:18 pm |
  210. Dick Seng

    A dollar is still worth a dollar but the actual value has fallen considerably. This is nothing new. Having been born many years ago, the dollar today doesn't have the dollar of 1935. Other than visible changes, it's still a dollar.

    March 24, 2009 at 6:18 pm |
  211. Chris Kirkpatrick

    Jack,

    The value of the dollar has fallen with the gumption, grit, determination, and creativity of the American worker. Today, we are far too interested in pleasure, toys, and the quick fix. What made America great it still floating around somewhere, but it seems lost in a veritable forest of distractions. We need to wake up and get back in the game.

    March 24, 2009 at 6:19 pm |
  212. Sue -Idaho

    Jack, not much but don't fear now the Chinese are asking that we have a "global note" which of course will probably have a panda bear on the front of it! Well, George did sell them the U.S.

    March 24, 2009 at 6:20 pm |
  213. Jeff F

    The dollar is only worth what we think it is worth. We hope it is worth enough. What increases its worth? Trust mostly. Trust is built by the value ascribed to the dollar by knowledge of the country's ability to back its currency with goods, services or valuables such as gold and silver.

    Our dollar will become less valuable when we print more money than there is belief or confidence in our system.

    Our dollar will become more valuable if we use some of this money to rebuild our infrastructure and re-invent ourselves for the 21st Century in industries such as green fuels, improving our quality of manufactured goods such as automobiles and gradually imposing trade tariffs.

    Our reputation nationally and abroad will improve when we impose sound financial policy on banks and Wall St.

    March 24, 2009 at 6:20 pm |
  214. Anders

    The USD is under pressure as the worlds standard from both the EURO and from China as well. The present situation with the US economy in an all time low gives room to break the USD as the world currency in which we trade commódities such as oil, sugar, grain etc.

    Once the GBP had this position but after the 2nd world war the UK lost their position and the US took over.

    Today China holds the largest reserve of USD and can choose to flood the market bringing the USD to an all time low.

    EURO has still to prove it self as the world standard currency.

    Because of the USD being the world standard currency, The US can spend 110 USD for every 100 USD earned. this being financed by the rest of the world.

    March 24, 2009 at 6:20 pm |
  215. Linda

    hmm.. what's a dollar worth? Well, it won't buy you a loaf of bread or a gallon of milk, or even a cup of coffee in most places... it won't even buy you a 3 pack of (not the large size), that's about it.

    March 24, 2009 at 6:21 pm |
  216. Simpliticus

    You ask,"What is the dollar worth?", and I don't think that it is worth the value of a horse! This is what Richard III wanted at the end of Shakespeare's famous play which castigated Richard for his abysmal handling of state affairs. But doesn't that remind one of George W. Bush who allowed this whole affair to happen? His father famously talked about the ONE WORLD ORDER and isn't it curious that during his son's administration, the AMERO had been devised by the US Mint as a possible(?) replacement for the dollar as a reserve currency! One would have to be totally disconnected not to realize a relationship here and since the US economy is in almost total despair, one must realize that all of this adds up to a concerted effort to have a universal currency(not the dollar anymore!) as a replacement! Disgusting, isn't it!

    March 24, 2009 at 6:21 pm |
  217. Lori of WV

    It's not a matter of "How much is the dollar worth?" but rather "How good is the common 'cents?'" because if the 'world' would realize what is really going on, the 'world' would see that these are the end times and what we really need is to get our acts together. Our failing economy and declining value of the Amercian dollar is just a pre-cursor to things to come, including a 'world' order and world 'money' including how we can buy, sell, and trade (as indicated in the Bible) – Lori from WV

    March 24, 2009 at 6:21 pm |
  218. Will

    Here we go folks. The start of the NWO!

    The banksters engineered the economic collapse so they could push through their plan to destroy the dollar and create a one world currency. This is all in their plan to control you and I.

    You all probably thought it was a ridiculous conspiracy theory, well it's happening now. This won't be the last we hear about a one world currency... because we'll be hearing all about this next week at G20.

    March 24, 2009 at 6:22 pm |
  219. Dean Michael Harrington

    I've been taking Economics for almost two years now. The ideal situation would be to "take dollars out of circulation," thereby causing "deflation." At this time, this is not a good idea. I see what the President is doing. Because of the previous Administrations reckless spending on "Defense," it is not wise at this time to -take- dollars out of circulation, but I -do- expect him to do start taking dollars out of circulation by the end of his term.

    Dean from Modesto

    March 24, 2009 at 6:22 pm |
  220. Christine, Thousand Oaks Ca

    As of today about 3/4 of a Euro and .68 Sterling. Better than most of last year. I do think an international currency is an idea worth exploring.

    March 24, 2009 at 6:23 pm |
  221. Kyriacos

    The US dollar's value today is apparently low enough to cause serious concerns to those holding huge amounts of it. The idea of a basket of currencies is more fair and long overdue. The world today is a very different place and we all need to adjust to it. If the world had to compromise on a single currency then the obvious choice should be the euro: much rather see bridges on all notes signifying what unites the peoples of the world than faces of Presidents to whom only Americans relate. The world is a much larger place.

    March 24, 2009 at 6:23 pm |
  222. Roddell, Maryland

    Lately it seems as though the words billion and trillion have been apart as our everyday vocabulary; and it doesn't even phase us! To me it seems as though the dollar is becoming less and less valuable. Anytime the government is spending in astronomical amounts!

    March 24, 2009 at 6:23 pm |
  223. Linda

    Hmmm. what's a dollar worth? Well, it won't buy you a lof of bread or a gallon of milk or even a cup of coffee in most places.. it wont' even buy you a 3 pack of yeast to bake your own bread. I say it's good for nothing but buying a candy bar (not the larger size) or some tic-tacs but that's about it. It isn't quite worth a penny yet.. but I am sure we will see that in the future.

    March 24, 2009 at 6:24 pm |
  224. Paul

    I don't remember who said it "A million here and a million there and pretty soon you're talking about real money".

    March 24, 2009 at 6:24 pm |
  225. Randall

    About 3 cents. Actually if you look at the dollar it is not backed by gold, nor by silver, it is a federal reserve note. That means the Federal Reserve is a private company dictating monetary policy. I am also against a 1 world currency, as well as the proposed 'Amero'. I say we disassemble the Federal Reserve, have the U.S. Treasury print our own money, repeal the Federal Reserve Act, and make the dollar worth, a dollar.

    March 24, 2009 at 6:25 pm |
  226. Douglas H. Johnson

    After living in Germany for 36 years as a Department of Defense employee, I decided to sell my home and all European holdings when the Dollar lost 50% of its value in 2007. I improved my standard of living by more than 40%, just by returning to the USA in 2008. I traded $9.25 a gallon gasoline for $2.60 in the USA, (now $1.78 for Regular unleded) VAT at 19% in Germany for VAT at 8.25% in El Paso, Tx and Electricity at $.30 per Kilowatt in Germany for $.11 in El Paso. With NO exchange rate here in America, I can better plan my life where no matter what a dollar will buy, it has more value here!!

    Doug

    March 24, 2009 at 6:25 pm |
  227. David Walls

    Jack, it would be worth a lot more if it was made of a softer material......say as soft as toilet paper?

    March 24, 2009 at 6:25 pm |
  228. Kyriacos, Athens|Greece

    The US dollar’s value today is apparently low enough to cause serious concerns to those holding huge amounts of it. The idea of a basket of currencies is more fair and long overdue. The world today is a very different place and we all need to adjust to it. If the world had to compromise on a single currency then the obvious choice should be the euro: much rather see bridges on all notes signifying what unites the peoples of the world than faces of Presidents to whom only Americans relate. The world is a much larger place.

    March 24, 2009 at 6:26 pm |
  229. Larry

    The US dollar is now worth a grimace at home, a chuckle abroad, and a fond memory of what it once was.

    Spokane, WA

    March 24, 2009 at 6:26 pm |
  230. Joe

    Its work about 1/1,000,000th of a hit and run settlement.

    March 24, 2009 at 6:27 pm |
  231. Jacob F.

    Well considering I can't even buy a pack of gum for a buck I'd say it's not worth much!

    March 24, 2009 at 6:28 pm |
  232. Steve Phillips WI.

    Jack,
    I can say that for the last 8 years I've run out off money sooner and sooner every month! Bush has done so much harm to America, Binladin attacked the Financial Trade centers in an attempt to disrupt our economy, Bush had the nerve to take credit for the fact that there were no more attacks on American soil, There was no need for more attacks, Bush did the job for them in way that Binladin never could have dreamed. Bush is not simply the worst president ever he, is clearly a domestic terrorist! For the last 7 years there has been laughter roaring from the caves in Afghanistan!.. And Bush says his conscience is clear!?

    March 24, 2009 at 6:28 pm |
  233. Travis Baccene

    What is the dollar worth? It's worth whatever the federal reserve wants it to be worth. Since the FED took over our dollar has dropped from full value to about 2 cents. When a PRIVATE company has the power to print out as much funny money as they wish, I believe it puts them in control. All these bailouts and so called "stimulus" plans are only bringing the dollar lower.. and lower. I am FED up with this. A private corp. has the power to print our money. We cant do anything to stop it. There is no transparency. Thank god Mr. Ron Paul has introduced legislation to finally audit the FED. Oh yeah.. the whole "global currency" thing, I knew it was coming two years ago when i was a junior in high school! Please wake up people! Everything you see that is "going wrong" is part of a plan..

    March 24, 2009 at 6:28 pm |
  234. Itai

    the dollar is the new international toilet paper

    the dollar got devalued, by a god blessed economy...
    ...which have to pray now
    that the long-time, evil chinese, communist-enemy will safe it

    the dollar have now become the worth of a global joke

    March 24, 2009 at 6:28 pm |
  235. glhea

    Under the system as it currently stands the next two or three generations will have to pay up to 60% of their income just to service the dept. Income tax is just another word for slavery. Any questions?

    March 24, 2009 at 6:29 pm |
  236. gerald

    Phew! That was close. China nearly destroyed the dollar as the currency of choice. Anymore crises like that and the globe will trade in Chinese currency over the dollar. Obama et. al. needs to get back on track immediately or the USofA becomes a second class nation. Never thought I would see that happen during my lifetime.

    March 24, 2009 at 6:29 pm |
  237. Aaron Seattle

    Not a whole a lot.
    We really need to stop doing stupid crap that is sapping our monetary resources dry.
    PRIME EXAMPLES: After 8 years of "war on terror" (whatever that means), and more than 20 years of hopeless war on drugs which only served to do one thing....increase the coffers of the privatized prison industrial complex and law enforcement agencies.
    Here is an idea, decriminalize drugs, legalize marjiuana, get us out of Iraq and Afghanistan. This should at least curve gov't spending by the hundreds of billions of dollars. Finally, if everyone can realize that we are in this together, lets get accept a tax hike to pay off all this and then hopefully in time for my children to come to age maybe we will be out of this.
    I like to get a tax break to but I realize that this isn't just one persons fault, this is the fault of the collective and together we need to take responsibility. Are we a nation that can dish it out but can't take it? Or are we the nation that can learn from its mistakes (BUSH) and strive to do the just thing?

    March 24, 2009 at 6:29 pm |
  238. Larry M.

    Jack, I'd add my 2 cents to all the e-mail you have gotten, but the copper in those two pennies are worth more than a dollar bill.

    March 24, 2009 at 6:29 pm |
  239. robert

    Jack, I remember when a loaf of bread or a cantalope cost a dime. We went to a farm to get fresh butter, milk & eggs for less than a dollar. A hot dog at a game cost 10 cents. That tells us what a dollar won't buy now. Maybe a dollar is worth a few pennies now, but I doubt it. The power and big money changed all that over the years. It's now time to dig up your pennies.

    March 24, 2009 at 6:30 pm |
  240. Bonnie

    Not even enough to make a down payment on a wrestling jacket for a grasshopper.

    March 24, 2009 at 6:32 pm |
  241. pete at the beach

    Jack–

    welcome to the real world. The dollar's value declines in order to get the wheels of economic expansion to roll. in other words to you tspend it....or invest it

    If I paid 10 cents for a coke in 1960 and it costs 1.60 today basically its the same price in proportion to wages. If I bought a house on the beach in 1960 it would have cost say 20,000. Now because of inflation it should cost 320,000. In reality it costs anywhere from 600,000 to several million depending where I bought it. Why? because if it didnt go up in price (not necessarily value) I would have no incentive to buy one. But a home has always been a great long term investment because it rises faster than inflation in the long term because of increases in population, the desirability of the area and the very limited availibility of beach property.............but if you asked anyone in 1960 about the cost of a house they would have said the same thing that is being said today–overpriced. thats why the folks who invested in homes to live in have benifitted all these years and will continue to do so. so you buy a house, live in it and fix it up over twenty years then sell it for ten times what you paid for it. And guess what? you get all your money invested and actully end having lived it for FREE making the argument about the decline in the value of dollar then verse now meaningless. If you had invested!!!!

    March 24, 2009 at 6:33 pm |
  242. Alex, Hartford, CT

    The real and low value of the US dollar will be known in the near future – as soon as the federal debt exceeds GDP, and the US will loose its top credit rating. Mortgage buuble will be nothing compared to the US Treasury bills bubble.

    March 24, 2009 at 6:33 pm |
  243. William Cooke

    The only people whom can answer that are Politicians whom can't seem to stop spending them,or as the GOP thinks giving to millionaires will help everyday Americans. Or better yet all these Fifty million dollars or more a year CEO. Or asked Bushes oil buddys or the Arab nations it help. Or China on how it improving them as a world power. As for everyday americans it is worth less and less each day. Or is that our paychecks, the same thing.

    March 24, 2009 at 6:33 pm |
  244. Karen - Missouri

    A dollar is "priceless".. it represents our heritage.. past.. present and future. Americans need to "hold" on to our dollar and protect its value. Once the dollar is gone.. what is next? Our American citizenship? Do we become citizens of the "world order" using the world currency governed by a "World Order Czar"? Think about it.. the dog gone days of America!

    March 24, 2009 at 6:34 pm |
  245. jeff

    The dollar is worth nothing when the gov. wants to tell me how much i can have befor they tax it all. Who the hell gives them the right, i went out there and worked hard for what i have today ! Not the next person who just sat around and benfited off my BLOOD, SWEAT, AND HARD WORK and they get all the gov free bees plus now i have to give them my money. Get up and work yourself you lazy no good for nothing and leave my money in my pocket !

    March 24, 2009 at 6:34 pm |
  246. Brennan

    The dollar bill is about as valuable as the peso at this point.

    I say we do away with all currency and go oldschool with this. We'll pay our mortgage and bills with chickens and goats!

    March 24, 2009 at 6:34 pm |
  247. Dean in Florida

    A dollar is worth 3 Chicken McNuggets.

    March 24, 2009 at 6:35 pm |
  248. investor

    Last week it was worth a share of Citi.

    Now, it takes THREE to get one.

    At least until I short sell since my investment has tripled in less than a week!

    Next week I'll do it again.

    I love the dollar.

    March 24, 2009 at 6:37 pm |
  249. Jon

    It's worth as much as they decide it's worth, no matter what.

    Remember that...

    March 24, 2009 at 6:37 pm |
  250. Sergio Uribe

    Well, still two tacos at Jack in the Box. at least for now that is... Surge in L.A.

    March 24, 2009 at 6:38 pm |
  251. Jack

    According to the Constitution, the US dollar should be worth one ounce of silver. Now, we let a group of foreign banks called the Federal Reserve Bank tell us what our money is worth. It's too bad we don't follow the Constitution anymore. Before the Federal Reserve Bank, we never had recessions or depressions, just steady growth. The problem is, if we had to spend real money (i.e. gold or silver) to bankroll wars, our country would go bankrupt after one or two wars. As it is, international banks are more than willing to finance wars, at a nominal interest rate.

    March 24, 2009 at 6:38 pm |
  252. Bill Adams

    My estimate is that it is worth about as much as the ruble was just prior to that Country going broke: in other words, not a plug nickle!

    March 24, 2009 at 6:39 pm |
  253. James Thompson

    I have been living in Buenos Aires, Argentina for the past two months, and one US dollar here has gone from being worth 3.5 Argentine pesos to 3.7 Argentine pesos. Three US dollars can get me a good bottle of wine, and eight can get me a steak as big as my head.

    March 24, 2009 at 6:39 pm |
  254. Goege

    GOLD GOLD GOLD this is what the whole world should go back to and not relay on other people to decide what something like the u.s. dollar or the yen or the rupee or the pound.All money HAS to be backed by something, and the yen is backed be the U.S. dollar who backs the dollar, again what is the dollar worth ?

    March 24, 2009 at 6:39 pm |
  255. Joe

    "Jack"

    A Dollar what is that? To think this or any piece of paper has any worth is crazy. Just go shopping at a food store, one bag, and the cashier asks for $15.00, for a bunch of nothing. So to have a hundred $1.00 Bills is not very impressive these days. This carries you nowhere in this world, provides no financial clout, and barely feeds a
    family of three. It takes $25.00, just to provide gas for a few days of travel. So to answer your question, What is a Dollar Worth?,.,,,,,,,,

    $1.00 = .05 cents,, I enjoy today's new math.

    "Joe"

    March 24, 2009 at 6:39 pm |
  256. Ryan

    I don't think it is the cost of a dollar that is the issue. I think it is that people feel that they are owed a huge sum of money for their "product"...Greed has caused this issue, not by the people that make the money but by the people that make the products.

    March 24, 2009 at 6:39 pm |
  257. Rick

    Not much even my son (who is 12) turns down offers of free ones

    March 24, 2009 at 6:41 pm |
  258. George

    The dollar is worth two-thirds of a euro. In 2000, the dollar and the euro were worth about the same.

    If the DJIA were calculated in euros instead of inflated dollars, the demise of the US economy over the last eight years would be more accurately understood..

    March 24, 2009 at 6:41 pm |
  259. Penny for Your thoughts

    We know the dollar is worth much, so why are we wasting time and money making special edition Pennies?

    March 24, 2009 at 6:42 pm |
  260. Advaita

    the US-dollars "strength" is just not backed by the economy. If we like it or not, but overspending ruined the currency and anybody outside the US knows it.

    March 24, 2009 at 6:42 pm |
  261. Brett from Oriskany,VA

    Terry from Austin, I can eel your pain,buddy. I'm in the same boat, up the same creek, yep no paddle either. However I retired almost 2 years ago, and everything was fine. The place where i used to work has downsized dramatically, so no chance of returning to work. My 401K was more than halved when this started in October. My belt is as tight as it can get, I've had to give up pleasures and cannot afford to fix my vehicle, so i drive around unsafe. Still, I make too much money to qualify for food stamps or any other assistance. No wonder people are forced to live on the streets, while Bernie Madoff got to keep his 7 million dollar pad while he was awaiting trial. When is this greed gonna end?

    March 24, 2009 at 6:42 pm |
  262. Andrew, Washington DC

    3 shares of Sirius XM Radio or almost one share of AIG. I guess you can still own a small piece of capitalism for $1.00, but not much else!

    March 24, 2009 at 6:42 pm |
  263. Jake

    nothing with this type of economy its worthless than a piece of cloth

    March 24, 2009 at 6:43 pm |
  264. Dick McDonald

    Compared to 1913 when the Federal Reserve was created, the dollar is worth less than 2 cents, and by the one hundredth anniversary (2013), it will probably be worth less than 1/2 cent.

    March 24, 2009 at 6:43 pm |
  265. stan march

    I follow the conversion rates where I travel. A couple of years ago, in Mexico it was about 10 pesos to the dollar. Now its 14.3. That's 40% more pina coladas. In the Caymans, the conversion is 1.25 to 1 CI which has not changed for many years. The NL Antillian guilder gets you 1.8 guilders for a US dollar, same for dozens of years. So for me the exchange rates for where I travel have either stayed the same or got better.

    March 24, 2009 at 6:43 pm |
  266. steve in florida

    The way things are going, we'll be lucky it's worth the paper it's printed on.

    March 24, 2009 at 6:44 pm |
  267. David

    Not to be too serious, perception is everything and our debt has been financed by perception which has functioned adequately for many years since our untying from the Gold Standard. Let's not pull the curtain too far back to reveal the little bald guy pulling the levers or we will be faced with an even more unpleasant reality then Zimbabwe or Weimar Germany.

    March 24, 2009 at 6:45 pm |
  268. Brad in Park City, KY

    I don't know what the dollar is worth, but for those of you that don't think it is worth much or worth toilet paper, I would be happy to take your collection off of your hands. I kind of like the dollar.

    March 24, 2009 at 6:45 pm |
  269. DM - San Diego

    It's worth fighting for. At some point all the crying has to end. The American people need to get mad enough to do something about it. When the Chicoms can't sell their products here... they'll hear that. We have the smartest President of our lifetimes right now. Give him a chance and push the obstructionist Republicans to the side. And tell those smart folks in Canada to chill.

    March 24, 2009 at 6:45 pm |
  270. Lizbeth K Gastaldello

    Jack,
    Is there any other currency in the world that is backed by pure gold like ours is? Thanks to our forefathers for setting that up for us.
    We like being the backbone of the world's financial system, and I don't think even those in that industry realized the repercussion of their reckless behavior until this crisis hit. I hope that we can all take away lessons from this for the future.
    I think China is wise to suggest a new world currency, it's an idea worth entertaining, although I don't think America would warm up to it too much. Esp. since "they" came up with the idea first and that damn UN has to go and talk about it too. Where will the Super U.S. be in that mix?

    March 24, 2009 at 6:46 pm |
  271. Ronald Holst

    I am not sure But I still spend S 20.00 a week for tv dinners I have lost about three quartes of my weight That I was last summer ,So Dodes a quater sound right .

    March 24, 2009 at 6:47 pm |
  272. Dean Michael Harrington

    '
    How ironic would it be that if the greed on Wall Street actually made the dollar devalue to the point that it was worthless,….LOL! Now THAT would be good comedy! Sure, “you’re a billionaire.” Go join the club in Zimbabwe.

    Dean from Modesto

    March 24, 2009 at 6:47 pm |
  273. Andrew Davis

    In the fractional banking system the dollar isn't worth anything on any day of the week nor has it been in nearly 100 years. Its value is only as good as the promise kept by willingness of the next generation of hamsters to keep blindly running on that wheel.

    March 24, 2009 at 6:48 pm |
  274. aaron from minneapolis

    It's worth 4 quarters.

    March 24, 2009 at 6:48 pm |
  275. Jim

    In what should be deflationary times domestically, ironically in this part of the U.S. West food prices have either remained steady or have even risen despite lower commodity prices paid to producers (farmers). Practically speaking, that translates to inflation. Dollar inflation may become more pronounced if China later decides to curtail or end its funding of the U.S. deficit, with the result being that the U.S. would need to print dollars to cover the deficit. In any event, astronomical increases in government deficit spending will mean that even to service that debt more borrowing will be necessary. The consequent decline in the dollar's value will make imports, including energy, more expensive and domestically could well further devalue the monetary savings and income of senior citizens and others who depend upon those for income. Of course the Fed likely would raise interest rates to try to combat domestic inflation, which would mitigate that problem somewhat.

    March 24, 2009 at 6:50 pm |
  276. Stephen M. Hart

    In reality, the U.S. dollar is only worth what someone is willing to give you for it. I don't know why the U.S. dollar was taken off the gold standard in the 1970's.

    March 24, 2009 at 6:51 pm |
  277. vijay swami

    A dollar is still worth lot more than any other international currency. In case China has forgotten, they should be reminded that the International Currency already exists; it is the US Dollar (which is accepted worldwide as the standard currency). The Chinese have no choice but to buy US treasuries and hope for US recovery because China's economy is largely dependent on US consuming power

    Thanks

    March 24, 2009 at 6:51 pm |
  278. Dan in Chicago

    It's worth about as much as the paper it's printed on.... Ever since the Federal Reserve was founded in 1913 and given power over our currency, the dollar has declined... by around 92% to be exact. In order to find out the real value of the dollar you must price it in terms of gold....

    March 24, 2009 at 6:51 pm |
  279. Guy

    1/737,000,000th of an unused B2 bomber

    March 24, 2009 at 6:52 pm |
  280. Henrik Blunck - Denmark

    The Dollar WILL rise when Obama has been in office longer. People believe in the US, and it's just a question of time. At this time political insecurity is bound in foreign securities, but Europe will help more than both China and Japan if it ever comes to it.

    Greetings to all. Thanks for a lovely program. It's 11:52 pm here in Europe. 🙂

    March 24, 2009 at 6:52 pm |
  281. Roger Zoeller

    Hey Jack , About 23 cents . Don't forget to send in your TEABAG

    March 24, 2009 at 6:53 pm |
  282. Nathan White

    The dollar is worth exactly what someone is willing to pay for it. That's finance in a nutshell.

    March 24, 2009 at 6:54 pm |
  283. Jason

    Our dollar is worth about .25 cents! When I travel to other countries and it takes two of our dollars to 5 of our dollars to equal one of their dollars, something is wrong. I totally disagree with our system and always have. You can not just reach in the sky and grab 1 trillion dollars. We have no backing for that. I loved the Reserve money system and I think it worked the best to keep America honest. That is why the federal reserve worked so hard to get rid of reserve. Now they have more control of us and as long as we are in debt we have no choice but to continue to pay high taxes and work until we die. Notice how now you hear life time learning. More money to schools and more debt to keep us working. I retire in 17 months and I am moving to Belize so the politicians can continue to screw us but my tax days for the US will be over soon. Let their children pay for this mess. Mine are going to be truly free and will only come back here to visit family.

    March 24, 2009 at 6:55 pm |
  284. Mr. X

    Do i smell a second Zimbabwe coming up?
    The way the USA is doing right now, it wouldnt surprise me to see a huge inflation coming up in the USA.

    March 24, 2009 at 6:56 pm |
  285. Gabe

    What's funny is, $5 in the States buys about the same thing that 5 Bolivianos buys in Bolivia. This idea that currency can be traded like a commodity is a total scam.

    We need a universal measure of value that can't be manipulated by nations – including the US.

    March 24, 2009 at 6:57 pm |
  286. John R San Diego, CA

    The dollar has two measures. Firstly, it remains the de facto reserve currency. When people want to preserve value they put their cash in US Treasuries, regarded as risk-free. They can only be bought with dollars. Secondly, to measure purchasing power, one needs Purchasing Power Parity benchmarks. How long must one work in the US to buy a big mac? How long in the UK? How long in China? The shortest time gives the best currency+country. Yes.

    March 24, 2009 at 6:57 pm |
  287. Tom

    The only way to actually value the price of anything, regardless of the actual dollar price, is to equate it to how much time you have to work to buy a thing. If, for example, you had to work 12 minutes to earn enough money to buy a loaf of bread in 1974 but now you only have to work 9 minutes to buy that same loaf then the cost has gone down. The dollar amount may have gone up by four to six times, but your buying power has increased.

    When my father was young, his father bought a house. The rule of thumb back then was that a house should cost no more than a half year's pay. That is one area where the cost has definitely gone way up.

    March 24, 2009 at 6:59 pm |
  288. john

    We do not know but I suspect the Chinese do, they own 1.8 trillion of our debt and they are sounding scared. They realize that we are printing money and devaluing the dollar to fund our bail outs. If we print enough of them and devalue the dollar by half we could save about .9 trillion when or if we ever pay them back.

    March 24, 2009 at 7:00 pm |
  289. Perry

    The dollar is worth about 3 cents to what it was in 1913 when the Federal Reserve came into being. Since then we have been involved in war after war and welfare program after welfare program. If real inflation is 10% percent, that is a tax. If I have $10,000 in savings this year, and next year I can only buy $9,000 worth of goods, that is a 10% tax on my wealth. I already pay too much in taxes! What moral right does the Fed have to take wealth out of my dollars and put them into someone else's pockets. The Federal Reserve is the culprit in all this, yet no news agency reports on the Fed. The Congress cannot even find out what the Fed does as far as monetary policy. How is that a free country? I hope that more news agencies begin to report on the Fed and out dollars going to zero – which they will eventually – as opposed to the AIG bonuses- which is nothing more than a smoke screen to the real issue.

    March 24, 2009 at 7:01 pm |
  290. Matt

    "Brennan March 24th, 2009 6:34 pm ET

    The dollar bill is about as valuable as the peso at this point."

    I second that. With a vengeance!!

    March 24, 2009 at 7:02 pm |