i think Robert Rubin knew this about US currency and that is why he advocaded a strong currency and actually backed it up by promoting sound economic policy -
basically the Fed makes a ton of money by selling dollars to the world..
but two things have hurt this -
the euro is gaining strength as currency- it is combination of many factors-- as trival as there is $500 euro note while US dollar top note is $100 to not so trival our deficit is never ending and growing every day
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