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Old 11-30-2007, 03:00 PM   #15  
Disciple3
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Join Date: Aug 2006
Location: University of Pittsburgh, PA
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Ya, its merely because we import more than we export so the value is going elsewhere (china). but that can also be a good thing as it encourages american manufacturing and other countriesto buy american because it's cheaper. As for china pulling something like "China has been threatening to pull out from under the US Dollar though" would not happen, all its money is in our bonds and stocks and they would devalue their own money thru doing so(economic suicide?). the real reason for the downward spiral is the huge deficit and extra printing of new currency.(ty bush)
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