The strength of a nation’s currency is a barometer of how the world views that nation’s economy, and the U.S. dollar has been falling like a stone of late. China has even suggested the world might need another reserve currency. Our government's massive overspending could be taking us down a very rocky road indeed...
"You grow weak, Father Dollar," the traders said,
"And for you we've a lessening yen;
Perhaps we’ll seek elsewhere for safety instead,
Then come back—though there’s no telling when."
"What’s all this," Father Dollar cried out in deep shock?
"How you loved me in recent times past;
You’d buy all my bonds and collect all my stock,
I felt sure it was destined to last."
"That was then," shrugged the traders, "we live in today,
Your current account is a mess;
Your people will not their consumption delay,
Why should we pay ‘cause they won’t spend less?
"Don’t be cruel," pled the Dollar, "why can’t you be nice?
You know in my day I was kind.
I squeezed with a smile, and gave free advice,
Be a sport—help me ride out this bind."