Quote:
Originally posted by CET
I hope not, because this is a great situation for America. If we can keep inflation down, this will encourage the purchase of American exports.
BTW, the "devaluing" is only with a couple of currencies. World wide the USD is gaining value and has been for its entire history. Why do you think smaller countries and unstable countries prefer to trade in American money as opposed to their own currency? A Turk or Brazilian would accept a Dollar before they accept a Turkish Lira or a Brazilian Cruzeiro.
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The USD index has decreased from 120 in 2002 to 87 now, if it was just a
couple of currencies it'd be pretty much the same..