There is not doubt that the expenses of war, running the occupied territories, and paying off for those multinational oil companies who spent millions to put the present adminstration in power will be reflected in the weak dollar, job loss, and the reduction of average income. This is clear today and will be clearer in months to come. We suffer the pain but for now we cannot do much.
We are the largest consumer nation with an insatiable appetite for goods and hence a net importer of goods, not exporter. Our trade deficit with China alone is close to 80 B$/yr. In addition, demand for these goods is fairly inelastic. Therefore, weaker dollar would increase the local prices as well as debt owed to other nations. IMHO
There's nothing wrong with the US dollar being lower. It makes our goods lower in EU. We have proped up the dollar letting it be strong and it just increases the debt because EU prices are cheaper here. So we have been helping their Socialism stay afloat. This will make the EU have to come to terms with their Unions. These people don't work at all. They have been on a gravey train long enough.