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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (613963)5/31/2011 4:34:56 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1576089
 
CJ, > Because austerity measures when an economy is improving only reverses the situation. As I have pointed out.

But you were all for austerity when the economy was improving under Bush.

You're arguing in circles. Can't have austerity when the economy is improving, can't have austerity when the economy is in shambles.

> We are far from that point. Where will they go?

They've been trying to come up with a weighted "basket" of currencies. Doesn't sound very pragmatic, for sure, but that's the sentiment as long as we continue to devalue the dollar because we can't get our fiscal house in order.

How much longer do you want to take the power to print money for granted? Eventually they're going to look elsewhere. In fact, they already are.

Tenchusatsu
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