The worthless Buck!
I believe that the falling US dollar may actually be good for America in the long run. Several reasons:
- Exports of American Goods will appear cheaper to other countries, therefore resulting in more competitively priced American goods.
- Imports of Foreign Goods will increase in price (eventually), resulting in pressure to produce more goods domestically.
- Cost for American workers are getting cheaper relative to the rest of the world causing outsourcing to be less attractive.
- Rising energy prices make renewable energy sources much more attractive.
- Rising oil prices may provide enough incentive for someone to invent a viable alternative (And allow America to wane itself off Mideast oil!!!
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