My bad. The US dollar buys a lot of labor and commodities in countries with weak currencies. So wealthy US companies go to countries where their dollars buy a lot of labor and set up shop. They end up displacing a lot of local industries (usually polluting badly too) and employing tens of thousands of locals for penny’s on the dollar.

If that opportunity to use strong US dollars to buy labor / commodities in countries with weak currencies didn’t exist, all those local economies would be left alone and would function much more organically. Which would be better for all of the people who live there.

I’d love to see this outsourcing of labor to take advantage of strong currency end, but without regulation. Just the outcome of one global currency; #Bitcoin