Amercias is now a spent force.

If there was any fairness in this world, investment would be pump into africa. Has nobody thought there's a whole continent there that could be taken advantge of?

richard, gibralter,

Bush might want to have a word with UST first, and tell them to stop wandering the globe threatening countries and financial institutions with reprisals if they continue to trade with countries that the US doesn't like.

This bullying is causing countries to dump the dollar.

dj, London,

I tend to agree with my compatriot, Daphne Kenward, who says, "The true value of the dollar is 4 cents. The paper and the ink." The value of paper currency is based on trust in the issuing bank. I have no trust in the Zimbabwean Central Bank and not much in the Fed. Let's have a gold standard again!

Geoffrey Woollard, Cambridge, England

John, New York. There are more currencies in the world than the pound and euro. The USD over the last 30 years has had it's value eroded by the FED and their printing press. Look at the long term decline of the dollar and understand why Americans are going to have to curb their consumerism.

Edward, London,

The fact that the US debt is denominated in USD the drop in the price of the dollar is equivalent to a default. The problem is that the biggest creditor is China wich has the Yuan pegged to the dollar efective neutralizing the effect.

Norberto, Baires,

The fastest way to bring the dollar back on course would be for George Bush to resign. His Presidency started the rot, and his resignation should,at the very least, put the brakes on it. He has been a financial disaster to the States,.as he was to every business that he touched.

Marc, Paris, France

"US economy is collapsing - hopefully will rebuild in the pre-WW2 model and ditch the large corporations that have destroyed that once great nation"...funny, it was in fact the corporations (or industrials) who created the Federel Reserve in the first place. It is about the rich gaining more control

Con, Valencia,

This is what happends when u have cheep labor moved to china.

People in USA pull their money out of market based on speculation therefore causing economic destabilization.

Its all based on speculation

Mark B, Anderson, USA

Absolute tosh. Bush & co are deliberately devaluing the dollar to get rid of their crippling debt.

Baker & Baldwin - the Pres was clearly 'avin a larf with you - you didn't actually think he was *serious*, did you? If so, I've got some gold I can sell you - it's gonna go up n up, honest...

Voland, Caen, France

Sounds Like a CALL TO ARMS to me
AGAIN!
if they do, dont be supprised to see the oil price go through the $300 a barrell, along with an utter US economic meltdown.
The US$ will become worth less than a Roll of Toilet paper (joining the Zimbabwe currency).
(OH! sorry, it already is)

simon, torquay,

every time governments try to support a currency they have failed.this is just hot air talk.even if they do prop it up it will be another nice opprtunity for speculators to sell dollar again but this time more aggressively.
they have never been successful and this time is no exception.

ebbi britt, valencia, spain

The 'strong $ policy' has been hugely misinterpreted by 99% of 'experts'. It originally went 'a strong $ is a reflection of a strong US economy', i.e. $ 'strength' is an end not a means. In Feb Bernanke said the soft $ effect in shrinking the trade gap was a 'positive development'.

Paul, London,

The US has a completely false economy based around the dollar and oil. This crazy economic system inevitably has to crash at some point even after eliminating opponents to oil currency change. I hope to see more investigative journalism on the subject and a more enlightened public.

Con, Valencia,

They just haven't worked it out yet have they... if you give all your work away to other countries this is the result. Workers at the lower end are unable to pay their mortgages and the crunch finally happens. Keep outsourcing, Flat World fans.,

Mark, UK,

The bigger you are the harder you fall !

jayil, london, uk

Bush, get the price of oil down, open up Alaska etc, do you not realise , no matter what you do , oil rules the world.global warming is less of a problem.

jim, donegal, ireland

The position of the dollar most accurately reflects the perception of the world on America and its actions. Of course you want it to strengthen George, but likewise we've been asking you for some integrity for the last 7½ years - it simply isn't going to happen anytime soon.

Richard Stevenson, Charlotte, USA

looks like obama is not going to b incharge of a the superpower - as the finiacial slip of america has been accelerated by george bushes - wasteful wars. Thank god america had too much power anyway.
LEt hope the pound doesnt free fall - as long as interest rates are maintained we - ok

amit hindocha, birmingham,

A weak dollar does not necessarily mean 'bad'. Let's focus on the PPP in developed countries.

patrick, vegas, usa

Oh, the irony...

Dave Hall, Stafford, UK

You couldn't make this up.. After 8 years of getting America into more and more debt in order to wage war, which has led to the weak currency, Bush suddenly expresses a vague desire for the dollar to rise.

Yes George, that'll sort it out..

Owen, London, UK

The Americans should start using their own Oil reserves rather than conserving theirs and using Middle Eastern supplies. This would help us all.

Dave Camoron, Basing, england

The US economy is collapsing - hopefully they will rebuild in the pre-WW2 model and ditch the large corporations that have destroyed that once great nation

James, London, UK

I think Bush should speak to the Fed rather than currency markets. Does he really not realise that the fall in the dollar and the rise in oil are both due to the ridiculous interest rate of 2%. Who in their right mind would put their money somewhere paying 2% with inflation running at 5-10%?

Simon, Epsom, UK

Moving forward...if you raise rates tomorrow in order to strengthen the dollar, equities will sell off and and commodities will jump even higher. During a credit crisis the fed has to make cash more accessible. That means lower rates. Now we are in a pickle and all Bernanke can do is sit at 2%

Jake, Noank, United States

If Bush was really concerned about the health of the $, he would not be allowing the FED TO INFLATE AWAY ITS VALUE, NOW, WOULD HE.
Bush/FED are using the only option available to them, to tackle the now out of control 'U.S. NATIONAL DEBT', CURRENTLY GROWING BY $3 billion PER DAY.
INFLATE IT AWAY.

Andy, Harrogate, UK

"official alarm in Washington about the effect of the slumping greenback on the world’s largest economy."

The EU is the world's largest Economy. The US is #2 now, thanks in part to the US Government's actions in relation to the dollar.

Ric, Chicago,

Maybe if the US Government and the Federal Reserve didn't commit so many inflation-causing actions, the US Dollar wouldn't be in the predicament it is currently in.

This is the fault of Bush, Bernanke, and their cronies.

Aaron Kinney, Los Angeles, USA

The true value of the dollar is 4 cents. The paper and the ink.

daphne kenward, cambridge, uk

History may well show that the FEDs panic reaction to slash interest rates last Autumn was one of the biggest economic mistakes in Post-War history.

stepehen hulton, eure, france

The article refers bewildering to "the dollar’s decline, which accelerated last week". For at least 2 months now the exchange rate quoted on Bloomberg has been constant at approx. 1.57 to the euro and 1.97 to the pound, except last week, when it briefly got about 1% stronger against both.

John, New York, NY

When the OPEC countries start demanding payment in Euros instead of Dollars for oil, as they are already muttering, the dollar will collapse. Who knows what the effects of that might be.

Anthony, Brum,

"reflected the concern in Washington at the dollar’s decline"

Thankfully this news will not effect Israel as we'll simply ask the U.S to provide our "aid" in Euro's.

Goldberg, Gaza, Israel