The anti-dollar screechers are trying to
by
spreadsheet
11/02/2009, 1:44 PM
turn what's a barely perceptible dip on a several-decades long scale, into some sort of graphic Grand Canyon. A couple things to keep in mind all this: There's big bucks to be made in minor currency value dips. Throughout our American history, invested mercenaries have been producing "sky-is-falling" screeds, in order to provide impetus for their investment positions.
And second of all - the actual value of the dollar vis a vis the world's other currencies, is never "all that", one way or another. For instance, the dollar was at considerably lower value levels at times during the George Era, than it is now. And at that time, we were reminded of the very real advantages that accrue to our economy, when our dollar is relatively weaker.
It's a little disengenuous now then, for these redkookian mercenaries and screeders to be suggesting it as some sort of "given", that a stronger dollar is always and necessarily better than a weaker one.