OPEC Interested in Non-Dollar Currency - Page 2 - Mercedes-Benz Forum

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post #11 of 11 (permalink) Old 11-19-2007, 05:59 PM Thread Starter
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Originally Posted by Teutone View Post
A low US $ would only help If the US still had a large domestic manufacturing base.
Which it does not now and the bad thing is that if any production shuts down (due to the high value of their currency) in any first world country then that manufacturing would never move to the US, financial bottom line and fear of the appreciation of the dollar in years to come will make most manufacturing move to Mexico, SE Asia and China. Long term aspect of the US is not that appealing

Last edited by Jakarta Expat; 11-19-2007 at 06:03 PM.
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