Good.
The current strong Dollar harms the U.S. economy.
A weak Dollar will improve the economy by making domestic goods seem cheap while making imported goods look expensive.
We don't *want* the Dollar to be the world's reserve currency.
A strong Dollar props up the rest of the world at U.S. expense.
The fact that we have the reserve currency of the world permits us to behave in a profligate manner with respect to entitlements and war. To lose that status would mean that we would have to finally accept economic reality, something of which I approve. The problem is how people would react to strict financial discipline. It won’t be pretty.
Careful what you wish for, you just might get it!
Are you ready to wake up one morning soon in the future, stop to get gas on the way to work, and pay $14.00 a gallon?
Because that’s what it means!
http://www.youtube.com/watch?v=2N8gJSMoOJc
The day the dollar stops being the world reserve currency is the day the current deficit gravy train collapses. Our debt IMMEDIATLY becomes toilet paper.