The US Dollar is dropping in value like the President's approval ratings. A weak dollar means that everything we buy is more expensive, especially if it comes from overseas, which almost everything does because we don't produce hardly anything here due to the cost of labor (thanks Unions). That means that gas prices, food, electronics and just about anything in your house will be more expensive. Here is an article that goes into further detail -
Don't Like a Weak Dollar? Might as Well Get Used to It
Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.
A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.
In short, as trader Dennis Gartman noted Thursday, "the rout of the US dollar" is in full effect.
"Panic dollar selling is setting in," Gartman, a hedge fund manager and author of "The Gartman Letter," wrote in his daily commentary. "This may carry farther than any of us dream of or, worse, have nightmares of."
How low can it go?
Rick Bensignor, chief market strategist at Dahlman Rose in New York, said the dollar index [.DXY 73.99
], which measures the greenback against a basket of select other global currencies, has scant technical support "that has any meaning" between its present level and the historical low of 70.70.
That's a widely shared view, even as currency pros wonder how the dollar could be falling against the euro considering the near certainty of sovereign debt defaults in smaller European Union nations.
Read more @ -
http://www.cnbc.com/id/42703813
We must stop printing money and spending the money we don't have. If it were me or you, we would have no other choice except bankruptcy. Wouldn't that be weird that the smartest, most eloquent President EVER, drove the Country into Bankruptcy? Call or email your Congressman and tell them to strengthen the Dollar! Now that's the All Right Idea!