Originally posted by Weelock at 13-10-2010 14:16
I thought overall, the USA wants a lower dollar. The USA wants its products to be cheaper and more affordable worldwide. It will allow other nations to buy more USA products. Hopefully, it will bring ... in fact, there is not too much the USA made products to exports nowadays, so there is not much real good benefits by the US to depreciate their currency except to decrease the real value of the debt. but it is a dangerous way to do it because once if more countries dont trust the USD or the USD is getting less popular, than the chance of hyper inflation in the US would happen. this is why so many countries complain about the USD now. |