buying Euros and Yen. How Beijing deploys its holdings is a matter of international interest, especially as China is the largest foreign holder of U.S. Treasuries.

When the value of the dollar goes down we have to pay more to pay off our foreign debt. However it also makes it cheaper for people of other countries to purchase American made goods and services.

It therefore could actually also help bring jobs back to the US. Since California is strong in technology, biotech, nan o-tech, entertainment and agriculture this may create a lot of opportunities for Californians. As long as we create products that are high quality and priced well we can improve our economic situation. By selling American made products overseas we will earn money and help lower the trade deficit. Right now we purchase more foreign made products than we sell to other countries. That is why we have a trade deficit.

Now that the dollar is getting weaker our products are more affordable to foreigners. The purchasing power for foreign goods is not so great right now - we have to pay more than we used to. Right now each Euro costs $1.5 Dollars.

When the Euro first came out it was valued at $0.80. The price for the Euro has nearly doubled since it started.

Europeans love to come shopping in the US right now.