| A lower US dollar isnt nessicarily as bad as you all seem to make it out to be. As the dollar falls it becomes cheaper for other nations to buy American products, hence you can sell more, improve your balance of trade, pay off some of your debt etc. As that happens the dollar will regain its value.
If you want to know why its falling, stop blaming the rest of the world and some global conspiracy. The US has been a net consumer for the last decade if not more, add a government deficit to that and it is a wonder it took so long for the dollar to fall.
As far as your concers of the Euro Russia and China, they are simply fear mongering. The Euro makes good sense for Europeans regardless of what the US does, A uniform currency eases trading between member nations, (with whome they trade the most) and is more stable as it has a wider base to support it. Russia should diversify its foreign money supplies, its like any investment, nobody in their right mind invests in only one company, same deal for Russia. Finally if your worried about China Buying your debt, well why did you get the debt in the first place, and if its such a security risk, dont sell it to them.
.....oups, sorry, I read the posts backwards |