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Originally Posted by fredtgreco  Quote:
Originally Posted by joshua Even if it the price of gas goes down, it doesn't matter. The value of the dollar will continue to go lower and lower and lo ... | That's not true. The dollar may have already bottomed out. |
I agree, contrary to what some people think the other industrial nations do NOT want the dollar to fall too far (a little bit is fine for Europe and China and others) but for it to fall too far would be as big a financial disaster to these nations as it would be to us.
(As a silly example think about NIKE, most of the shoes are made in China, however the biggest market is the USA, they do NOT want to loose their market base, I could give dozens of examples with different commodities and goods from other nations, this was just random to make the point that in this 21st Century world of international trade, many foreign nations, whether or not they like us, have in past, and will continue to pour money into the US , their own little version of Buy American, they have not much of a choice if they wish to remain viable economic powers, and they do.