Reply #17: The naysayers will tell you [View All]

[cprise]

...that it's not a big deal because a weakened dollar will just mean a return of manufacturing to the US.

But if the world panics and wants to get rid of its dollars, then that could cause financial institutions in this country to collapse AND we wouldn't be able to buy foreign stuff which would become too expensive. And there's very little to our economy these days that isn't foreign stuff, virtually given to international corps. for free because of current high demand for the dollar (it is another reason why the rift between rich and poor here is growing wider-- average Americans still pay the corporations for those goods).

Our economy is a sick Ponzi scheme that could come crashing down on our heads. When oil producers switch to the Euro, they are merely jolting the table on which our card house rests; that is a grave risk. The establishment says, "big deal, that's just a shaking table and when they push one way it just returns to where it was... Noone is taking the table away people. Do your duty and keep buying stuff."