Think how much more value the dollar would represent if the onerous 19 trillion buck debt wasn’t hanging over our heads.
Have Americans forgot about the debt?
Yeah right, I’ll be looking for that 20% decrease in the cost of imports to be passed right along to consumers.
American currency is hot now because global energy isn’t pegged to the other currencies and those other currencies aren’t doing so well, especially China. People are running to the US dollar for the same reason they run to the highest point on a sinking ship. But eventually the whole thing goes under.
This is fine for me as I have significant savings. However, for those in any business selling manufactured goods this is a killer. The cost of products versus imports rise even higher and reduce sales. Reduced sales mean less jobs and the cycle continues. The rich get richer and the middle class and poor get poorer. It is even affecting the upper middle class now.
I live in Thailand and am all for a surging Dollar.
However, I cannot really see a market reason. I don’t see the US Economy outstripping everyone else.
It seems like the comparison in market values is being based on the least corrupt.
I hope this thread will shed some light on my understanding.