Weak Dollar Killing Euro WMs?

[SirMoby]

Originally posted by Useless Warrior
I realize that it is horribly un-American for me to say this, but I'm not known as a great patriot anymore. Why the hell doesn't the rest of the world just gang up on us and bring us to our knees? Why not try some sanctions and trade embargos? Come on guys, you can do it! It would make the whole world a much better place.

China and Japan own about 40% of the current US debt with a large portion controlled by their central banks. Indian owns more and more of our data infrastructure. Japan makes many of the needed parts in guidance systems so we can't fight a war without them any more.

If we're not careful it won't take a bunch of countries to destroy our economy. Of course our politicians say they won't because we're helping build thier economies but as the Euro grows stronger then automataclly Europe becomes a better trade partner. Today we consider these countries friends but yesterday was different and tomorrow may be different again.

I think the EU may need to drop the value of the Euro a bit in order to increase thier exports but that's going to take a lot of effort. The world just doesn't have confidence in our current economic plans.