We all know that the United States has the biggest economy in the world. Recently, this economy has been getting better, helping the global economy along the way. New jobs are being created, the markets are reaching new highs and everyone is feeling positive about the outlook of the economy.

If we take a deeper look, we can see that things are not so rosy for the future. However, the latest political shake-up in the U.S. quickly brought back to life the previous concerns regarding the status of the dollar and called into question the credibility of other countries to the U.S. currency - the world's reserve currency. Let us not forget that 60 percent of reserve assets which are held by foreign countries are in the U.S. dollars. And then there's the American story, which shows that the recession in the country takes place on average every 6-7 years, and every eight years crises like the famous Great Depression occur.

There are different courses of action that the US economy may take. The expert team at Masterforex-V World Academy will help us answer the questions about the prospects and future of the US economy. Let’s see if the dollar is really going to get hit again and if the threat of recession has not really gone away.

What goes around comes around, and most probably the past recessions may come back again. As the prominent American economist Paul Samuelson said at the time, stock analysts have predicted nine of the last five crises. What do economists and stock analysts say now? Is the U.S. expecting a new recession? The vast majority of economists are convinced that America cannot avoid it, more importantly, it will happen sooner than one would imagine.

The most pessimistic outlook calls for a correction of the economy in 2018. However, there are more radical forecasts, for example one that says that in 2017 USA will declare a default, and the dollar will be washed away by a wave of hyperinflation. Such forecasts, for example, are given by the head of Euro Pacific Capital Peter Schiff, here's what he said: "I'm waiting for the collapse of the dollar, I'm waiting for the arrival of the current crisis, and I know that this will be a big driver of gold’s growth". What can testify in favor of this gloomy scenario? In fact, there are quite enough signals for the emergence of fear to investors now.

Due to the steep uptrend in the financial markets, analysts predict that a change in direction may soon start. Plus, the largest trade deficit. And that’s what makes the U.S. highly vulnerable to unexpected defaults. Of course, this country is considered one of the most reliable financial backers in the world, says a popular columnist for Reuters, Felix Salmon, but if it is deprived of access to financial markets and debt funds, then the Americans will survive on their reserves for only 17 weeks. It depends on how to measure the risks. For example, Reuters suggested that risks are to be measured not by spreads on bonds and credit default swaps, but to lay down the budget deficit of the country and the annual payments on the national debt, then compare the amount received with the external reserves of the country. That’s how to calculate the period, during which the country can finance its debt without going to the borrowing market.

On the other hand, countries like Russia may be in better shape to weather off a crisis. However, the United States if anything crops up will be helped by the fact that the dollar is the reserve currency. According to economics professor Barry Eichengreen, the dollar’s handicap as a reserve currency gives the U.S. up to 2 percent of their GDP.

The closing of federal offices caused the unemployment to rise by 0.1%. The European Commission also provides another forecast - 1.6 percent growth from 1.9 percent previously. In fact, note the experts, a monthly face-off of 85 billion dollars to the economy itself would have to rise by more than 6 percent, not 1.6 percent year on year.

There are important indicators, but the amount of consumer spending is very important for economists. Many economists have recently emitted genuine optimism about the consumption of the US consumer. For example, the ShopperTrak research center noted the reducing of the number of visitors of shopping centers by 4.7 percent in early October, of course, a contribution to that is made by the suspension of the operation of U.S. government agencies, prompting consumers to cut their spending.

American leaders must do something sensible in order to stop the raising of the debt ceiling all the time. In Facebook this raise of the national debt ceiling was wittily compared with a situation where your house because of problems with sewage in the area is completely filled with poop. Well, what will you do in this smelly situation: raise the ceiling or pump out the poop?

We already mentioned that if the US falls into another recession, the rest of the globe will feel the consequences. After all, many international transactions are made with dollars, it is a mean of savings, the "safe haven", the U.S. currency is still more liquid than other currencies, and countries hold dollar-denominated reserves, and so on. Hence, even the slightest hint of a great relief of the dollar savings is able to bring down the value of their dollar-denominated assets. Therefore, the whole world is interested in the "precious economic health" of the U.S.

Things may get to a point where only gold and silver will be accepted as the only means of currency. However, nothing can be said for sure about the recession. The experts from the Masterforex-V World Academy http://www.masterforex-v.com are conducting interviews in the Discussion Club of the Academy about the fate of the dollar. Is it doomed? But it won’t be replaced for a long time.