Although I am new to this website, I like to interject when I find a topic of interest. I watched the Peter Schiff video and came to the conclusion that his assertions do have merit. Would someone please explain to me the difference between a strong and weak dollar as related to confining it to purchases made in the US. The reason I ask this question is because I have always saved money via the best savings or CD rate available at the time. Right now I am receiving 5% in a savings account. When someone says to me that the dollar is weakening and interest rates will go up dramatically, I immediately rejoice to the fact that I will receive more in interest payments. If the savings account rate goes up to 10%, I have doubled my income. Now what does this weak dollar mean to me now? Without calling me an idiot, would someone please edify me?
