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A Lower Dollar is Good News - Ask Dennis [View All]

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denem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-07 12:10 AM
Original message
A Lower Dollar is Good News - Ask Dennis
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Edited on Sat Nov-17-07 12:13 AM by lamprey
DU'ers talk about canceling NFTA, pulling out of the WTO, capping carbon. Well a lower dollar goes half way to meeting those goals. American businesses become more competitive against imports, American exporters do better in overseas markets - and if the Saudi's start talking Euro's - theres a your carbon cap.

Outsourcing - Less Attractive
Inflation - sure but so would a NAFTA/WTO pull out.
Chinese start with Euros - even better
Higher gas prices - yes - Does peak oil ring any bells
Recession - If consumers get spooked enough - maybe
Will the US dollar cease to be a reserve currency?
-No, it's the biggest market in the world

All in all a lower dollar advances the Kucinich agenda:
Love it or loathe it.
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