Memo
From: United States of America
To: Rest of World
Re: Currency valuations
The dollar is going to weaken vs the Euro and other major currencies. This is in the best intrest of our country right now. It increases our exports and discourages our business and citizens from buying goods and services that are produced outside our borders. Our intrest rate policy is now at 0%, and if we could take it lower, we would. We will keep our rates low for a long, long time. One day our economy will roar again and the Dollar will come back strong. Until that day, however, be prepared to suffer as your currency strengthens and that strenght hurts your prospects for economic recovery. We are aware that other govornments do not like this policy and will fight back with currency interventions (SNB, et al), but your efforts will only serve to make the process take longer than it otherwise would. We are tired of being the world's dumping ground for cheap products, and we not going to take it anymore.
We all know the only major trump card that rest of the world has to hold over our head is the price of oil. Please, we beg you, please go ahead and push the price of oil up over $200 per barrel. When American consumers reach a tipping point and we decide to do what it takes to convert all of our autos to natural gas combustion, this will remove the sword of damocles that you have been holding over our heads. We will no longer need foreign oil-- and that will be a new reality that middle east and the rest of the world will have to deal with.
____________________________________________________________
Traders, I welcome your thoughts!
Regards
From: United States of America
To: Rest of World
Re: Currency valuations
The dollar is going to weaken vs the Euro and other major currencies. This is in the best intrest of our country right now. It increases our exports and discourages our business and citizens from buying goods and services that are produced outside our borders. Our intrest rate policy is now at 0%, and if we could take it lower, we would. We will keep our rates low for a long, long time. One day our economy will roar again and the Dollar will come back strong. Until that day, however, be prepared to suffer as your currency strengthens and that strenght hurts your prospects for economic recovery. We are aware that other govornments do not like this policy and will fight back with currency interventions (SNB, et al), but your efforts will only serve to make the process take longer than it otherwise would. We are tired of being the world's dumping ground for cheap products, and we not going to take it anymore.
We all know the only major trump card that rest of the world has to hold over our head is the price of oil. Please, we beg you, please go ahead and push the price of oil up over $200 per barrel. When American consumers reach a tipping point and we decide to do what it takes to convert all of our autos to natural gas combustion, this will remove the sword of damocles that you have been holding over our heads. We will no longer need foreign oil-- and that will be a new reality that middle east and the rest of the world will have to deal with.
____________________________________________________________
Traders, I welcome your thoughts!
Regards
