But why would our monetary policy-masters want a weaker dollar?
Well, as I see I see it, there are several reasons:
A devalued dollar will (over time) allow the United States to 1) eliminate much of its foreign debt through devalued payback 2) pay for future (currently $60 Trillion) in un-funded obligations through cheaper payouts 3) reduce US labor costs in the global marketplace –- making US manufacturing competitive in the world again, and 4) a side effect -- lower the US standard of living through massive inflation -- ultimately stoking a grass roots demand for some relief and opening the doorway for successful implementation of a new “stable” currency to replace the ailing dollar –- The AMERO !. ![]()
http://economicrot.blogspot.com/2008/03/final-end-game.html