The stability of the US dollar through this period is a testament to the world working to keep it propped up. Why would it want a strong US dollar? Because it matters to everyone. Do you think China's economy wouldn't collapse with a devalued US dollar?
"Everyone" is a sweeping generalization Kreskin. Everyone includes bankers bilkers and those on the take, actually most of the planets inhabitants would gladly watch the dollar reduced to nothing. A collapseing economy is not in this case the worst scenario, it's continuation is. Get used to it, things are about to take even more of a radical shift, a shift to global war and a shift to socialism ala the Chavez type, the planet can't afford capitalists anymore and most deciedly can't and won't afford American hegemony. You're riding a dead whale Kreskin. China in company with most of the eurasian block is well positioned to recover from economic downturns we in the west however are not, we have stripped our industrial base in favour of service and finance and we have stuffed our already stuffed elites, there is a price for stupidity man and it ain't cheap.
PS Capitalists saving capitalists and their banks and other institutions while doing virtually nothing for the commoners is nothing to be proud of.It's just more of the same old ****.
Now that our dollar has gone back to pre 2007 levels and is making its way to it's lowest value ever against the American dollar,will the manufacturers stop crying about not being able to sell thir exports to the USA because of the high dollar? Of course they won't! The new cries stem from the fact that the USA just isn't buying anything much at the moment, except for some war munitions and such.