Reply #14: surely it is

[sweetheart]

A weak dollar would end the arbitrage of india and china, as with
serious shifts, the whole offshore thing would become unprofitable.
Just oh dear.

If the dollar is displaced from reserve currency poll position,
it will end economic hegemony, and the last of the post WW2 consensus. American buying power abroad will decline and with it,
the imperium. Strangely, this bush team seems bent on projecting
a new military empire whilst totally rotting out the economic
empire... and whilst it all sounds good on paper... it is
destruction of value, no matter how you cut it.

Buying american will sadly become a necessity, rather than a
choice... as foreign goods will simply become too expensive to
reasonably compete in american markets.

The oil thing... that's bound to shift, and dollar stability is
core to why it stays in dollars to date... an unintended consequence
of screwing around with the fiscal balances will be loss of reserve
currency status....

I could write a book on that... every single market, every single
supply chain and commodity will have a massive shakeup due to this.
These boys are playing with matches. It is distressing.