The world would be better, if the US dollar...

[Salomon12]

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

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[aso118]

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

[AtheistAKASaneBrain]

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

It's funny how Bitcoin is the only weakening currency that makes me happier the "weaker" it gets, since it only means more opportunity to get something that is insanely underappreciated because it's too new.

Im too bored about traditional currencies to try to take any advantage from their ups and downs anymore.

[bryant.coleman]

Most of the world nations are keeping the vast majority of their Forex reserves in the form of USD (either in bills or in the form of treasury bonds). If the value of US Dollar drops, then all these countries will be in difficulty.

[Salomon12]

If the US Dollar dropped then the Canadian dollar would hopefully be at PAR if it doesn't drop. Better value for those north of the border to shop in the US and help stimulate the economy a bit. Mainly Washington State and Oregon (No Tax).

Forget Canadians shopping across the border; a weakening currency might actually drive exports up and help bridge the trade deficit.
This is of course assuming other countries allow their currencies to appreciate.

This is true and would be good for the economy; however, most of the economies are pinned to the US. Don't think it'd work in the long run; short term maybe?

[thejaytiesto]

Most of the world nations are keeping the vast majority of their Forex reserves in the form of USD (either in bills or in the form of treasury bonds). If the value of US Dollar drops, then all these countries will be in difficulty.

Thats why the USD is the ultimate bastion for most fortunes, but sooner or later it will go down tho. The thing is I don't see all those so called doomsday scenarios happening as soon as the Alex Jones type person think it will.

[galbros]

was convertible at a fixed rate to silver or gold.  I actually wouldn't even mind a two tiered system where we had silver backed dollars and just greenbacks.

I realize this is a pipedream, but I really do think it would help common people have a better store of value and reinforce the USD as a useful currency for everyone.

[planetroving]

I'd say it would be better if the US dollar dropped just a little. If it dropped too much, then a lot of countries around the world would be in difficulty, as a lot of countries depend on the US for a lot of economic related things. If it rises, then it is going to hurt US equities (in the short term), because the value of the companies' investments would flop as the US dollar rises. So that's why I do not want it to rise too high, and drop too low. A small drop would benefit many countries.

[bojan92]

I don't want the dollar to drop its value because i am paid in dollars. If the dollar drops his value i have to increase my hourly rate in order to take the same amount of money i am taking now. I think it would better the dollar to increase its value

[tommorisonwebdesign]

I live in Canada so for me, if the US dollar were to drop significantly tomorrow, I would be screwed, since most of my assets are invested in CAD, which is quite dependant on the USD. People don't seem to get the global economy is collapsing, and gold and Bitcoin is a good way to preserve your wealth.

[faridkifly]

yeah i agree
because if dollar dropped.. my country is not in crysis again

[greBit]

A lot of people are thinking of what good it will do for them individually, not for the whole world. Then how can an argument be about how the world would be better? Sure, some of your countries will benefit well but only for very very few days. And the other countries which are dependent on US dollar just as how US dollar is dependent on them, they will see a global economy collapse too. The economic system works because all of these countries work together. Therefore, it would do more harm than good.

[Miracal]

There are a lot of countries which benefit when US dollar falls a little, which makes people believe that if it does drop a lot, they will benefit more and seek more profit/benefits. That's not exactly how it works, because the counties involved in this economic system are interdependent with each other, meaning change in one country definitely affects the other. Sometimes its positive, sometimes its really bad.

[n2004al]

yes, I agree with you about that. My country can get more USD for exporting a ton rice....

And then what will happen? If the us dollar worth less what can be taken with that to much dollar. The same thing. Much dollars, less value for one dollar, same things can be bought. Very simple mate. Or not?

[g1974ak]

yeah i agree
because if dollar dropped.. my country is not in crysis again

Your crisis in your country have nothing to do with the us dollar but with the factors within your country. Us dollar is the money of the United States of America and if it will be crisis because of dollars there will be only there. If you produce thing that can be exported your will have dollars and if not you will not have. That's all the connection between us dollar and your economy.

[HarHarHar9965]

yeah i agree
because if dollar dropped.. my country is not in crysis again

Your crisis in your country have nothing to do with the us dollar but with the factors within your country. Us dollar is the money of the United States of America and if it will be crisis because of dollars there will be only there. If you produce thing that can be exported your will have dollars and if not you will not have. That's all the connection between us dollar and your economy.

US Dollar being a global currency does affects the movement of finance and influences decisions which often have nothing to do with the U.S. There is more connection of a country's economy and the US dollar. If goods are exported from a country, let's assume it to be India. Now India gets US dollars for supplying food to the US like rice, flour, etc. Sometimes, there is a barter trade which takes place, sometimes they are given as gifts and donations... its not only about profit and loss and import/export.

[n2004al]

The world would be better, if the US dollar (dropped in value?)

The world will better if I will have more us dollar. In this way i can do a better life and can have the money for the college of my daughters. Then I can help the others to realize their need. Those things can be made independently from the value of the us dollar. But to make as more as it possible it will be better if the value of us dollar be high compared to other currencies. In this way can be made more things with few dollars.

[angelakay124]

Yes obviously it will increase the supply of anything to other countries as till now lots of currency are lower than USD. But I doubt it will happen suddenly because for the price drop most of the countries have to be developed which take more than centuries.

[Sorrowfox]

This question presupposes that a collapse of the currency will lead to a Mad Max-style anarchy scenario. Anything could happen, and sometimes countries experience unrest during a currency collapse and debt crisis, but normally it isn't the case that this leads to a total collapse of society. What is the case is that imports get more expensive and exports become more competitive. So there wouldn't necessarily be a need to flee America. Instead there would be some nasty rising prices on imports and commodities. But on the plus side, you would have a better chance of succeeding at setting up a manufacturing plant and exporting your goods. So if you're keen on opening a factory and shipping stuff overseas, the U.S. could be a good country to be in when the dollar weakens.

The effect of devalued dollar reserves on foreign countries is less clear and probably depends on each country. But it also seems unlikely that it would lead to a mass collapse of order. In 2008, debt collapsed in value across multiple countries- directly affecting consumers- and none of them fell into disorder.

[ayesha sadiqa]

I don't want the dollar to drop its value because i am paid in dollars. If the dollar drops his value i have to increase my hourly rate in order to take the same amount of money i am taking now. I think it would better the dollar to increase its value

yes and i will say that the world would be better if the US Dollar remain stable, as economy of the most fo the countries are depending on  US Dollar therefore if US Dollar remain stable their economy will also be stable on other side most of the people are receiving their salary in US Dollar therefore they salary will also be effect if Dollar price fell down.