My opinion on the dollar and basically everthing summed up

The dollar use to be the world’s currency. But now it is probably the euro. The dollar has been weakening each and everyday. The dollar doesn’t look like it will get any better soon. It might show little improvements buts that all, not major. Even if the dollar recovers, it won’t be like it used to be. The dollar will probably still be lower than the euro, and the dollar won’t be used as much, and it won’t be the world’s currency again. The dollar has fallen through a hole, which is possible to get back up, but it won’t be as strong as it used to be.

There are multiple reasons for the dollar being weaken. I believe it’s due to the Iraq War. The Government is spending money on the war instead of education. The war is causing the U.S. to spend money on weapons and materials for the war. And it is causing the U.S. to be in debt of other countries. The U.S. is spending money which they don’t have, which causes the Government to borrow money from other countries.

The dollar is causing the economy to go into a recession. It is making prices of food to oil to go as high as possible. From what I’ve have heard, even tea and shoes are going to be higher by about 15%, not completely sure how much percent it will rise. The prices are making people not spend even if they wanted to because the prices are so high. Imports are as much as it used to be because it would cost a lot more, however the U.S. been exporting a lot. Investors been staying away from U.S. and haven’t been investing in U.S. assets. The dollar has done so much damage and will continue to do more damage until the dollar gets itself back up.

Sources: My knowledge, and the past sources that I have used for all my older posts.