[shrinkermd]

I remain sanguine about this situation. In a sense we are depreciating our debts as well as our dollar. Further, we are also levying a comprehensive tariff on all imported goods and reducing the cost of our exports. This would not be permitted if we were not the big fellow on the block both economically and militarily.

[gcruse]

Works for me. Free trade implies a free currency market, too.

[pau1f0rd]

Yeah, just print more dollars and give all your gold to China. :-/

[LN2Campy]

so we're purposely shit-canning the dollar (debasing the coinage) to welch on our debts? How Keynesian...

[Beck_isright]

Ping...

[OldFriend]

How dare you be logical!!!!!

[JasonC]

"we are depreciating our debts as well as our dollar"

Actually, what we are doing is giving ourselves a massive pay cut. Which makes our production more "competitive", certainly, but would do the same thing if we agreed to work for pennies. A weak currency is not a good thing. And the dollar has fallen a long way, more than enough to swamp the growth it has shown in dollar terms.

[Jimmy Valentine's brother]

George Soros at work???

[litehaus]

Geezzzz...My kid has gotten a 30K "raise" since he went to work in London all for just "Being There" (Great movie BTW)

[thatdewd]

BTTT

[Truth666]

This is because barrels are paid in dollars.

[ex-snook]

Goes like this. When the dollar is strong that means America is strong. When the dollar is weak that means America is strong. Washington explains all.

[Sonny M]

I think alot of people miss something here. If the dollar keeps dropping, wouldn't it make sense for say the middle east to start using say euro's to price oil? Which in that case, would send oil prices through the roof, and that would be just the begining.