OilFinder2 wrote:For those who think a strong currency is necessarily a good thing, I hope you've been following the news out of Switzerland and Japan today.
A lot of nations would love to be in our shoes right now.
OF2, unless I am missing something, the thoughtful (as opposed to the constantly fanatical or panic inducing) folks on this board aren't overly worried about relatively minor or gradual swings in the relative value of currencies to reflect various evolving differencies in various national or area economies.
That is all normal and natural and has been going on for as long as paper currencies have existed (and we have good records, etc).
The concern is about unsustainable debt loads, and using the printing presses to (eventually) create hyperinflation, thus DESTROYING paper currency(s), and thus COMPLETELY SCREWING OVER:
1). The economy using that currency.
2). The citizens who saved with that currency.
3). The investors who trusted a responsible stewardship of that currency, etc.
Perhaps I'm mistaken, but I think the "virtues" you're extolling of weak vs. strong currencies are based on SEVERAL ORDERS OF MAGNITUDE difference in the type of weakness the "currency vigilantes" are concerned about.
I believe much of the pricing of various commodities in recent years is based on just such currency concerns for things like gold, BTW.