[RipSawyer]

"Sorry to rain on your parade but the loss of American jobs to foreign workers is mostly due to their cheaper salaries. Unless the USD falls in value relative to other currencies there's not much that can be done about it."

That is the fact, but what would happen in the short term if we revalued our currency at a realistic level versus the others? All those foreigners who are holding US government debt would suddenly find their holdings grossly devalued and what would be the final result of that?

[null and void]

ping

[JohnSmithee]

"That is the fact, but what would happen in the short term if we revalued our currency at a realistic level versus the others? All those foreigners who are holding US government debt would suddenly find their holdings grossly devalued and what would be the final result of that? "

These ara really good questions and considering recent statements made by the IMF concerning the value of the USD I would like to hear some answers.