US Protectionism through Weak Dollar

The US government is pretty slick by protecting US manufacturers with a weak dollar. The weak dollar guarantees that our manufacturers and international conglomerates have an upper hand in the international business and trade arena. Sure, China has and is keeping the Yuan/Renminbi weak, but we don't control China. In addition, we have always run a trade deficit, but the weak dollar is leveling the current playing field for us, but hurting everyone else. Furthermore, the weak dollar protectionism is a new form. Think about it, the weak dollar is of course not a tariff or a restrictive quota, but the US Fed has been systematically decreasing the dollar, which is impeding global free trade; thus, protectionism. This is why foreign reserve banks are following the dollar and there is so much concern over replacing the US Dollar as reserve currency and commodity pegs. The US must be very careful with the weak dollar and I am surprised Bernanke of all people is not showing more signs of fear. Bernanke, of all people, is a student of the Great Depression and it was protectionism that exacerbated and kept the World Economies depressed for so long.