Recession Causes Dollar To Struggle Against Foreign Currencies

Our dollar continues to weaken against foreign currency. Americans continue to print more paper money – causing inflation rates to rise – while foreigners cheaply buy American bonds, increasing our foreign debt. Instead of being an exporter of American bonds, we must be an exporter of dependable American goods.

Moreover, as the dollar weakens against foreign currency, it becomes all the easier for domestic firms to be acquired by foreign companies. Foreign companies can easily purchase American companies as the dollar continues to plummet. Since 1978, 15397 companies have been sold for $1,974,779,120,570. This must not happen, but we must move in a direction to reduce our foreign debt and regain the strength of the dollar.

Source Bloomberg.com:

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