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Leroy J | Is a weak dollar good for America? |
Maybe it's just the thing we need to make manufacturing more competitive at home.
Last year's inflation was a staggering 6%. But isn't that good if you own 9 trillion dollars in debt. Just like when you buy a house on mortgage. Inflation is the friend of the debtor.
Your thoughts?
Additional Details
If you are just going to say yes or no, don't bother to take up space. I'm looking for some intelligent discussion.
For whover said, "it will just cost you more to pay off the debt", what I'm trying to say is...we have already run up a debt. It's locked in and there. Now, won't inflation reduce the true burden of that debt, just as it does in a mortgage? |
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fortuitousoppty
 |
You are right when it comes to foreign trade. A weak dollar make our products cost less, which makes us more competitive. It does however hurt the smaller, lower income people. Lets face it, your paycheck buys less when the dollar is weak. Our paychecks are not going up generally. The trick is finding a balance between the two. As far as inflation being friend to the debtor, doesn't make much sense if prices have gone up and not your paycheck did not. |
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Wolfy
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We do need to export more goods, so a weak dollar will help reduce the record trade deficit. Other than that, not much good can be had from a weak dollar, other than making the US a vacation land and shopping bonanza for foreign tourists. It used to be Europe was like that, now it's our turn. |
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vikingfromvallhalla
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Its good for the small part of America that I represent. I borrowed US dollars about seven years ago so I could go to college, now I'm working in Europe and I couldn't be happier that the dollar is doing so poorly. I should be debt free at the end of the year if the dollar stays so low compared to the euro. If Iran institutes the oil burse based in euros as they're planning to, it could go even lower, but then we might be facing another war. |
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Let it shine!
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It doesn't matter.
Do you know money isn't printed with gold behind it anymore?
Debt is something the MAJORITY of regular people will never be out of.
Google this:
Freedom to Fascism and watch the 34 minute interview. You can watch the whole movie...but the interview will give you a great heads up on the economy pretty much everywhere.
Cheers! |
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Fancy That
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it's good for exporters and bad for importers and travelers.
Our national debt is disasterous, particularly because the debt is being incurred for war and not building assets in the country. We would be much better off using debt to build super train systems, improve education, provide national health care etc. at least those investments yeild a return.
Using debt to make war is just plain stupid and self destructive. |
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vikas k
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No |
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Cutesy Cindy
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no |
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rl153
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Inflation is the government taxing the public in a sneaky way. |
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angela
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no |
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SWC
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Of course not. |
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thunderbird985
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Not at all for you bank account.The value of the dollar went down too - it will cost more to pay off the amount of debt... think about it. |
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George Balooney
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We will continue to pay more for oil with a weakening dollar, which is not good.
Also you will see more foreign investment into the United States, which will scare and upset most warhawks on the right. |
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usamabinladen49
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It is the will of allah that the united states dollar is getting weaker. |
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