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Originally Posted by jbw97361
I really wonder why the hell the dollar has to be worth more than any other currency in the world. A weak dollar means we will be importing less (foreign goods cost more) and exporting more (our stuff if cheaper).
Haven't the people in charge been screaming about the loss of manufacturing (or any) jobs to overseas competitors? I say let the dollar continue its slide and maybe our goods will be competitive with the Chinese crap soon enough.
The only person I can see being hurt by a weak dollar are people mailing money overseas to support relatives and currency traders.
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When we buy raw materials from other countries, suddenly our costs go up for no reason but the fact that the currency devalued.
So if I buy items from a UK manufacturer who manufactures a part I need for £0.50, which is equal to $1, and tomorrow that changes to £0.25 for $1, the cost goes up 100% for no reason overnight, thus I can only buy 50% of the same amount of goods and can only produce 50% of the same amount of product with the same $1 of capital.
I don't know what products you are buying becuase there aren't many that I can buy that say on them "Made in the USA." Many are made in China, Mexico, Pakistan, India, Indonesia, and Philippines.
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