^you have a point, but there is an argument for globilization that says at some point everything evens out any everyone is better. That said there are still the drawbacks to outsourcing and shifting production to other countries, mainly the loss of jobs in the US and that in many cases people need further training to find a new job. You need to realize that if China dumps their dollars that the whole world will be screwed because the US is such a huge part of the global economy. If china gradually dumps their dollars as they might be doing it will hurt us yes but it won't bring down the global economy. For a long Time china and other countries have helped to prop up the dollar by buying all the debt they could and now they aren't as willing to do so and that is in part causing the decline of the currency. Some economists will tell you that they think in the long run this revaluating of the dollar will be good and in theory it should make US goods cheaper and more attractive which will make them more viable to other countries and in theory more will be purchased at some point to help and rectify the situation. At the moment you also have the subprime mortgage issue going on and that isn't helping anything either.