Monday, December 12, 2011

Do Americans believe that the value of the USD on the world market has something to do with their success?

If the USD were valued higher than the Euro or the Pound, would that make Americans feel good / give them more pride? Do you believe a high value dollar helps the US?|||Certainly not. See my answer to your previous question.



Edit: Here the relevant parts:



...as long as the US$ is the worlds currency, lowering the value of the dollar is good for USA, because it diminishes the debt.

(...) In fact, at the moment, lowering the dollar value is good for the competitiveness of US companies on the intrnational market.|||"Wow look at this dollar! It's worth 5 euro's now, HOLY CRAP I FEEL SO MUCH ******* PRIDE"|||Our dollar is turning into Zimbabwe dollars.|||With the trade deficits and debt the U.S. has, the dollar should be falling in a floating exchange rate system. But since the dollar is backed by oil (petro-dollar hegemony) we are able to spend beyond our means. It's unsustainable.

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