The dollar, which began to weaken broadly in early 2002, has fallen more than 50 percent from its October 2000 trading peak against the euro. It recently has come close to hitting its record low against the 13-nation currency and is near a 26-year low against the British pound….And of course a weaker dollar means travelers to the United States from places such as Europe would see “sale” signs everywhere they looked…European buyers, she said, could, buy second homes in the United States in bustling cities or, for example, near golf resorts…”You can’t defend yourself. Your currency is worth less in an international arena, and we’re in a globalized world. You’re going to be up for sale. All U.S. assets are up for sale,” he said.Â (The Clarion-Ledger)
“You’re going to be up for sale”. That’s the kind of sentence that gives me gooseflesh.
My parents were just here, from Europe, and it gave them gooseflesh too.Â They brought their Euros and indeed everything was dirt cheap, but they didn’t go on a spending spree – they’re not that kind of people. Instead, they worry about what it all means. They worry about us, and especially their American granchild. Her country is up for sale.