Chinese and Gulf states switching to euros: the effect on USA ?

steve2470

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Tue Mar-27-07 11:37 PM
Original message

Chinese and Gulf states switching to euros: the effect on USA ?

Edited on Tue Mar-27-07 11:39 PM by steve2470

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2783688

The original articles are in that Latest Breaking News thread. From what I've read so far, this is not good at all for the USA.

on edit: my bad, another mistake, euros is the correct word.

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sicksicksick_N_tired

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Tue Mar-27-07 11:46 PM
Response to Original message

1. As the neocon 'crazies' are sucking the life out of their own country,...

,...other countries seek to suck the life out of the neocons.

:shrug:

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Selatius

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Tue Mar-27-07 11:56 PM
Response to Original message

2. It will mean foreign-made goods will grow increasingly more expensive.

The lower the value of the US Dollar, the more expensive foreign labor becomes. It's foreign labor that now manufactures most of America's consumer goods, not American labor.

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TheMadMonk

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Wed Mar-28-07 02:28 AM
Response to Reply #2

3. Which in the long run might be a blessing in diguise. n/t

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Theduckno2

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Wed Mar-28-07 03:05 AM
Response to Reply #2

4. A devalued dollar makes U.S. exports more attractive to foreign buyers.

That would make the ballistic missile defense system and genetically modified seeds more attractive to foreign buyers.

:sarcasm:

I think one should keep in mind that if oil is priced in Euros and the dollar should happen to fall against the Euro, then fuel would be priced higher here while remaining unchanged in Europe.

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Laughing Mirror

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Wed Mar-28-07 03:10 AM
Response to Original message

5. USA will also switch to � after the Almighty $ finally collapses

Bye bye dollar. You had your day, the 20th century, and that day is done.

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