What made the U.S. dollar go down?

The U.S. dollar has gone down and it might go even lower. One major cause is the War in Iraq. The U.S. has used more money than America itself has. U.S. needs money to make weapons and other materials for the war. The amount of money used for the military is way more than the whole world combined. Right now U.S. owes huge amounts of debts around the world for borrowing their money. The longer the war goes on, the more money U.S. would need. Then all of our money is going to the war and schools and businesses would have budget cuts due to the lack of money they have or can use. The value of the dollar affects businesses by making them more competitive due to the value of the dollar. It makes other countries try to lower their currency to have an advantage.
However a lower value of the dollar isn’t all that bad. Because it reduces the debts owed to other countries. And makes other countries less competitive because of the value of the dollar. The Fed allowed the value of the dollar to go down is to weaken the Euro. With the collapse of the U.S. dollar the debts will be gone, because U.S. just doesn't have the money to pay it back.

Source:
http://www.wakeupfromyourslumber.com/node/5050