our dollar has no value!

Discussion in 'Economics' started by bat1, Feb 28, 2008.

  1. A weak dollar is not good for the USA, however a weak dollar is great for the WORLD!

    All other currencies have increase in value that there is more EXPORTING from the USA to other countries because NOW they can buy more.

    A relative on mine who owns a used trucking company (those big trucks, like VOLVO, FREIGHTLINER and etc) has seen an increase of 40% to exporting over the last 24 months. Countries like Argentina, Bolivia, Chile and many more in Central and South America.

    So while his business has decline in the retail side, the exporting side has not only recoup his decline in retail but double in exporting. And he is not complaining.

    So back to the weak dollar....it all depends how one sees it.
     
    #61     Mar 6, 2008