PeakOiler

There's No Shortage of Those Who Want to See the Dollar Go Lower

A weaker dollar is curtains for the USA because, if you haven't noticed, the USA is a country of consumers, where roughly 80% of the GDP is based on consumption. You think the US exporters will benefit? No, because their input costs, particularly energy, are priced in USD and those costs will rise rapidly (see oil prices today).

A weak USD simply fortifies the vicious circle of economic collapse for the USA. And if the USA continues this race to the bottom, the rest of the world will follow automatically, because the USA has been the consumer engine for all exporting countries.

Think of a country's currency as the stock of the country. The lower that currency sinks the lower the economy goes.