An Artificially Strong Dollar is One of the Causes of Our Trade Deficits

[pathtofreedom]

https://www.youtube.com/watch?v=TAiQvRZi91Y
http://www.youtube.com/watch?v=E4lfu5bu0r8
The loss of US manufacturing is caused by a multitude of reasons. One of the biggest reasons is that the US dollar is artificially strong because other countries will drive up the value of the US dollar which in turn prices US goods out of foreign markets and makes foreign made goods more appealing to US consumers. Currency wars need to be done away with and government currencies should function on a basis similar to the Somali shilling where the government does issue the money but the markets determine its value.

[Acala]

https://www.youtube.com/watch?v=TAiQvRZi91Y
http://www.youtube.com/watch?v=E4lfu5bu0r8
The loss of US manufacturing is caused by a multitude of reasons. One of the biggest reasons is that the US dollar is artificially strong because other countries will drive up the value of the US dollar which in turn prices US goods out of foreign markets and makes foreign made goods more appealing to US consumers. Currency wars need to be done away with and government currencies should function on a basis similar to the Somali shilling where the government does issue the money but the markets determine its value.

Government is inevitably corrupt, deceitful, and irresponsible. Therefore, government cannot be trusted to issue money. Simple.

[Zippyjuan]

"Artificially" or not, it is true that a high dollar makes imports cheaper for us and makes our exports to other countries more expensive to them so it acts as an incentive to move production outside the US (assuming that cost savings outweigh higher shipping costs). That is why when the economic crisis hit, most countries wanted to try to devalue their currency- to encourage more exports and fewer imports to create more jobs domestically. "High" and "low" are relative terms and have no specific meaning for just one country. The dollar for example could be considred "low" against the Euro but could be "high" against the Yuan. China takes steps to keep their currency "low" against the dollar so that we buy lots of their exports. If it was allowed to float freely, the US dollars going to China would be converted to Yuan and bring the value more into balance which would raise the costs of their exports to us and we would start buying fewer of them. So they don't convert the dollars we give them for goods into yuan but keep them as dollars- buying things like US Treasury notes.