You don’t understand economics. Ranting and name-calling isn’t going to improve your economics grasp, either.
A weak Dollar buys fewer imports, but more domestic goods.
Wanting the opposite, a Dollar strong-enough to be the world’s reserve currency, is wanting the U.S. to prop up global economies at our domestic expense.
I always love it when the person who starts ranting and name calling gets offended.
“You don’t understand economics”
“NEWS FLASH COWBOY”
“ treasonous”
It’s called “ projection”. Look it up. Maybe you can learn something.
If economics were as simple as “ Weak currency GOOD! “ “ Strong currency BAD!” Zimbabwe would have been an export powerhouse, and Germany would be a basket case. There are some export benefits to a weak dollar. Those have to be balanced against its effect on import costs that drive up inflation and capital flows. My point which HAD NOTHING TO DO WITH THAT TOPIC, was loss of reserve currency status by the US dollar will result in horrific dislocations in the US economy :
“The loss of reserve currency status will be a serious problem for the US.
Through this convention, the US can expropriate resources from foreign countries by buying their goods and services with its own printed money.
Without the ability to expropriate resources from foreign countries, the US government will not be able to honour its unfunded liabilities to its own citizens . What can the US government do? It can repudiate its unfunded liabilities to its own citizens and protect the US dollar (to still function as money) or fulfill them by destroying the US dollar (hyperinflation). It cannot remain solvent and protect the US dollar simultaneously unless it finds a way to expropriate resources from foreign nations by force (i.e. go to war).”
Won’t that be a fun day?
You have a rare blend of ignorance that you believe is knowledge,
coupled with a laughable sense of self righteousness and a small nasty disposition.
Have a nice day.