There are some really ignorant people posting.

First, the dollar is going down because The Fed wants to switch to the Amero. FIAT money will never succed because in the end, inflation will be staggering due to that a few people are printing money from air, then lending them to different goverments wich pays back with a huge interest. Value of goods and services stay the same, but the money loses value.

Second. In the end it´s gonna be a world currency (maybe called Globo) That´s why the Euro WILL replace the Dollar as the world No1 reserve currency. Than the American people will WANT to change to the Amero. Then the same scenario in the Eurozone, creating a movement for One World Currency.
That´s when We, the People have lost our monetary freedom.

Plus, I must say to all you Americans that think that you saved the world from Hitler. It´s was mostly the Russians you know.
First to Berlin etc. Read your history. Fool.!!

Richard Hanson, Gothenburg, Sweden

All this so-called vaunted European sophistication versus American is laughable in the extreme. The dollar is low because right now it is in the overall US national interest for it to be low. When it is not, it won't be so low. Exchange rates are a complex mix of currency flows, interest rates, tax and trade policies among other factors. At the moment it is more important to have a cheap dollar so foreigners can bail out the US real estate market (and more importantly the banks) than the pain caused by a cheap dollar. Besides it has the virtue of stimulating exports and decreasing imports. Five years from now when the real estate crises works itself out, the dollar will rise again. What most people forget is that US money markets funds shifted trillions out of the US to balance their portfolios resulting in a dollar drop. At the core the real value of a currency is the economy of the issuing country and there America is still a far better long term investment than Europe.

cubanbob, Miami Fl, USA

To all those Americans on this site who THINK that the are the defenders of democracy you should also read the article where the US courts have ruled that it is legal to kidnap foreign citizens in their own countries if they are wanted for a crime in the US!! REALLY Democratic but typical of the sort of US arrogance that spoils the US image around the world.
No wonder the US will not sign up to the International Court of Justice as they have trouble figuring out what the word Justice actually meant.

George, Glasgow, UK

Why do so many Americans feel the need to go on about how much the US has helped the rest of the world? It makes you sounds like a very insecure nation. This article is about the dollar not the US contributions to the world which incidentally pale in comparision with those of Europe over the last 200 years. The American population are a very generous people but please there is no honour in your generosity if you have to keep telling people about it.

George, Glasgow, UK

I have decreased my asset holdings (in USD) to a bare minimum since 2002.

The way the US financial system works is that one is supposed to make as much money as possible within the confines of US and then leave -- taking it all with you.

Were it not for foreign investors being suckered into investing in the US -- the USD would be equal the the Fiji Dollar.

Max Power, Vancouver, BC / Canada

The US will never run out of money. We have lots of trees to make the paper and lots of printing press's to print it on.

Andy Lowe, New Haven, Ct

USAs gdp is $12 Trillion...all of Europe put together is the same. The US debt is $9 Trillion, Europes is $20 Trillion [all European countries put together including UK] The USA is the superpower involved for better of for worse in the worlds affairs. Europe sits on its bum.If the USA role in Iraq/Afganistan etc succeeds then watch the dollar belt the pound and Euro in the next year.

Leslie Udwin, Johannesburg, South Africa

Well let's see. You've got Jay Zee, a rapper as your primary economic expert to tell everyone in Britain what's up...and a model, so they say, who won't take contracts in dollars although her agent denies it. And the Taj Mahal.

There's your economic experts, Britain. I hope you like them.

Did they EVER accept payment in euros or pounds at the Taj? Or is this a recognition that the exchange rate has to float a little, and not a sign of the imminent demise of Festung Amerika and the moral laxity of all therein?

Times....please hold the schadenfreude. Reports of our demise are greatly exaggerated. Friendless dollar? You'd be funny of you weren't so pathetic, really.

And say, Britain.....did you ever get around to returning everything you stole from the Taj? Or was that all a lie?

One thing's for sure-you can't blame us for the mess you made in India and Pakistan, and you've got no friends there that I can recognize. I'll have a double helping of schadenfreude, thanks.

Robert Luedeman, Des Moines, Iowa

Let's see....a moronic rapper and a model? OK Britain, there's your neeeeeeeew economic gurus.

Did they ever accept the pound or the euro at the Taj? And did the British ever return what they stole from it? Or is that a mere unfortunate occurrence?

Talk about cooking up something from hot air. You folks made a mess of the Indian subcontinent and you can't blame anyone else for that, anywhere.

Friendless dollar, indeed.

Robert Luedeman, Des Moines, Iowa

America gets a lot wrong which is much publicised but what it does right is seldom recognised.

D Cage, Highworth, Wilts UK