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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (107019)	1/6/2012 11:19:52 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

*The value of the US$ hasn't been destructed. But carry on.... - Roadwalker* Oh really? Well, why does the chart below look so ugly? The dollar is clearly on a long term downtrend. Care to explain your comment above in light of the facts below? Please note that the chart below is sourced from the US Fed. Printing money and increasing deficits and debt destroys the value of the dollar. That's a fact, not an opinion. Cheaper dollars has a silver lining...our export goods become more attractive, helping our manufacturing companies in the short run. Over the longer run, the input prices those manufacturing companies have to pay increases through inflation of commodity prices like steel and copper. That squeezes their margins, reducing profitability, forcing them to increase prices to stay profitable, which ultimately destroys their ability to compete through cheaper dollars. Once again, THERE IS NO FREE LUNCH. Keynes has been proven wrong and this Fed and the Exec Administration is irresponsible. research.stlouisfed.org