Remember when America's dollar was the most powerful dollar?

[thekid]

Remember when America's dollar was the most powerful dollar? Since all the factories moved away it just went down

 

[Matthew3590]

no and I don't think you should be able to either.

 

[Jane Jill Jack]

Well, the factories moved away because of all the regultions that ensured the safety of the laborers, taking away from their profit.

 

[rebelcowboysnb]

No they moved away because of free trade made it cheaper to import than build here.

 

[Capvin]

I think that it is pretty clear that the US dollar is still the strongest and safest currency in the world. We are certainly having some serious economic problems but they pale in comparison to those in Europe, Greece, Great Briton, etc. If it were not so strong we would not have every major power in the world, including China, investing in our currency. As far as factories moving, some of that has been true, but it has been offset by quite a few foreign companies opening new factories in the USA so they can have their goods closer to the best economy in the world. No one in the world can compete with us as far as high tech ideas and products. Again, we may have problems but there is still nothing that can compare in any way to this country......period..

 

[Illia]

I'd beg to differ, but, I'd rather not.


I think we can all to some degree though admit that our economy and dollar are really going downhill.

 

[conny63malies]

i remember when the dollar was worth 4-5 german mark. Every private over there drove a BMW and the living was cheap.

 

[KenK]

Considering how hard I have to work for a dollar and what I can buy with that dollar; I have to say I'm pretty happy with the dollar and the economy in general.

It could be better for sure but I don't see us moving anywhere else anytime soon.

 

[sourland]

I'm with you, KenK. I've been many other places. I'm staying here.

 

[Q9]

Quote:
They moved away because regulations made it cheaper to import than to build here. Don't blame free trade, blame government intervention. If it's too expensive and requires too much red tape to build and produce here, can you really blame them for going overseas?

As far as the dollar goes, it has NOTHING to do with factories and EVERYTHING to do with the Monster from Jekyll Island - that unconstitutional beast known as the Federal Reserve.