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A consistent, unambiguously stated policy of a strong dollar will result in lower global energy, specifically oil.
This is a morally sound tradeoff, even if it comes at the expense of America’s domestic oil and gas industry. You can’t delink the cost of fossil fuels, specifically oil and natural gas, and the cost of global food production. Think fertilizer.
Sure, a weak dollar results in some cheaper American goods, making trade-deficit bugs happy. Still, it also results in more expensive global commodity prices resulting in higher inputs, including and especially in the agricultural sector. Think natural gas. That means higher food costs and, inevitably, when supply chains are disrupted, food shortages and global starvation. Not in Martha’s Vineyard; think Bangladesh, countries in Africa, and Latin America.
What’s better? a weak dollar, expensive oil, a few more jobs in the oil and gas sector, but more war revenues for Putin and Iran? Or a strong dollar, cheaper oil, fewer domestic jobs in the oil and gas sector, and lower global food prices resulting in less worldwide poverty and starvation?
A sound U.S. dollar policy is a moral and ethical policy for America and the rest of the industrialized and developing world and will result in more peace and prosperity. //
A strong dollar with low oil prices means lower overall energy and food costs, less poverty, especially in the developing world, and perhaps more importantly, less financial resources for tyrants and terrorists, resulting in fewer wars and rumors of wars, and fewer people freezing to death in the winter and sweltering to death in the summer…