The major problem is that everything is getting more expensive.
As the US dollar is dropping, the main supplier of goods into the US, China, has realized that the profits are not worth it anymore. China has begun to stop its import into the US, causing the rise in products. Everyday groceries have risen in price, and it is not due to shortages. There is plenty of food, but because China does not wish to import it, the prices will go up. As the dollar drops, the economy of the US will also fall. As neighbours, Canada will also feel the emptiness in our wallets.
It is impossible to live in Vancouver and not notice the price of oil. 10 years ago, oil stood on the stock market at $15.35 per barrel, now in 2008 it has reached peaks of $120 a barrel. This is not due to a lack of oil in the world either. Today in the world, there is more oil than there has ever been. The rise in prices is due to the falling of the US dollar, and also due to crisis's overseas in the nations that control most of the oil. OPEC has discussed dropping the US greenback for the Euro, which will allow the prices of oil to drop. Perhaps one day this will happen, as it is become more and more obvious that the United States of America is falling into a recession.
In the words of Henry Kissinger, former US Secretary of State, "Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world." So who controls the money in the world?