[USMA:28042] Re: Collapse of the dollar

[Brian J White]

Falling dollar prices make US goods less expensive overseas.   Therefore, 
my concern is not the 'weak' dollar and the falling from grace as an 
economic powerhouse it may seem...but how this week dollar could contribute 
to US-made non-metric items being sold less expensively in other countries.



At 09:15 2003-12-31, Chimpsarecute wrote:
Has anyone been keeping up on the currency crisis?  Has anyone noticed how 
much the dollar has fallen, not only against the euro but against most 
major currencies of the world?

It seems the dollar's fall has a lot to do with the unsustainable level of 
US deficits, not only in trade but in government operations, consumer 
credit, etc.  This is a problem that is being swept under the rug by 
Washington and Wall Street, yet has the potential to totally devastate the 
US economy.  Not only that, but to end the US politcal, economic and 
military power of the US world-wide.

One can only wonder as to what effect the collapse of the US will have on 
the world economy.  One can also wonder that if the EU rises to take the 
place of the US as a global power, will it be a factor in ending the US 
FFU based economy once and for all?

Can and will a collapse of the US be a major factor in ending the staus 
quo as far as metric is concerned?

Any opinions?

Euric