Is a strong dollar a good thing?

In a world where currency is backed by nothing other than its value relative to other currencies, all a country has to do to have a strong one is to suck a little bit less than everyone else.

Today, America is the tallest midget in the room.

Our own fundamentals aren't very good, however, they are head and shoulders above the other big players: European countries are questioning their place in the Eurozone and the markets question the viability of the Euro currency, the Asian markets are leveraged to the hilt and the Chinese economy is looking like a giant casino, Russia is crippled by sanctions and cheap oil, etc

So what happens when there's so much turmoil globally? Goats, funds, rich folks, corporate entities, etc put their money in a "safe haven" that is the USA.


My question to you is...is having a strong dollar good?

It depends.

A strong dollar is great for US tourists overseas. And it makes imports cheaper.

But a weak dollar is great for US industry selling products overseas. And it hurts American tourism that targets foreigners.

Generally speaking, a strong dollar is probably a net negative for the US when we're in recession, since it's difficult to export our way out of our difficulties.

When we're going strong, it may be a net positive as it improves our terms of trade.

That's why Greece needs its own currency so it can devalue, and then export its way back into economic sanity.

A stronger dollar is always better, no matter the pros and cons... the pros of having a stronger dollar outweighs its cons ten-fold. It comes with choice, when you have a stronger currency you have choice and it drives competition globally... the U.S. has put entirely too many eggs in one basket with china forgetting we had a choice and could have taken our money elsewhere to balance the field. The U.S. should more our manufacturing to the Philippines and Vietnam

We are a service nation, not a manufacturing one anymore, take advantage of the cheap manufacturing of other countries and bolster our service economy. Much at the same time, keep high tech manufactoring here, ie large vehicles,space technology, military.

A strong dollar is great if you have a lot of dollars, otherwise it is millstone around the necks of USA Citizens. That would be the 99%.

A dollar bill is literally worth less than the ink and paper used to print it.

Nothing backs it except our "faith" in the government, and despite of our lack of "faith" they say we have to use it, or else.

It can be printed, distributed, recovered, and burned, all at the whim of banking interests which control the Federal Reserve. The Federal Reserve, despite the use of the word "Federal," is a private bank who's only customers are other banks.

Asking the question "Is a strong dollar good?" when it is literally a piece of colored paper with no value, printed by banks, we are forced to use by a puppet government so that those banks can exchange it for real property (which has real value), is an oxymoron.

Okay, I'll bite. If our dollar had real value then yes, a strong dollar is good for the economy for all sorts of reasons I don't feel like going into.

The value of the dollar is actually important but, you know, why discuss something that actually matters and impacts your family finances when we can have 108 pages taking about the Confederate flag.

Peter Grimm said:

In a world where currency is backed by nothing other than its value relative to other currencies, all a country has to do to have a strong one is to suck a little bit less than everyone else.

Today, America is the tallest midget in the room.

Our own fundamentals aren't very good, however, they are head and shoulders above the other big players: European countries are questioning their place in the Eurozone and the markets question the viability of the Euro currency, the Asian markets are leveraged to the hilt and the Chinese economy is looking like a giant casino, Russia is crippled by sanctions and cheap oil, etc

So what happens when there's so much turmoil globally? Goats, funds, rich folks, corporate entities, etc put their money in a "safe haven" that is the USA.


My question to you is...is having a strong dollar good?

Click to expand...

Our dollar is low because our country is in debt and printing money.**** no it isn't good for America. It might benefit **** sucking globalist scum who might try to use this to inch us into a North American Union or some other similar multi nation global union since a strong currency might deter that country from joining in a union with other countries.

a strong dollar
it helps assure a strong and dynamic economy

it is the world's dominant currency
and as long as it is strong and desirable worldwide, we can print dollars for pennies and generate instant equity

the problem is over-printing to the point that the world loses faith in the dollar's value, such that another currency becomes the dominant one
then we become greece