[USMA:28046] RE: Collapse of the dollar

[Carleton MacDonald]

A year or two ago the Australian dollar was well behind the Canadian dollar.   Now both are nearly the same at 0.73 – 0.75 USD.   Even though this may make it cheaper to send US products abroad, the US manufacturers have already sent most of that work abroad, so I don’t know if there will be any advantage.   The ascendancy of Europe is already showing itself in major ways – Airbus has pushed Boeing off its top platform.   Interesting times ahead.   cm   -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]On Behalf Of Chimpsarecute Sent: Wednesday, December 31, 2003 12:15 To: U.S. Metric Association Subject: [USMA:28041] Collapse of the dollar   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