Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (13279)	2/24/2003 2:27:48 PM
From: Jim Willie CB	Read Replies (1) of 89467

but not without consequence... Robertson Morrow of AMCONMAG: "This means that rather than exporting goods to buy foreign currency to repay that debt, we can just print the money. We inflate the dollar to pay off foreigners in money that is not worth very much. Creditors will oppose destroying the dollar, but they lack the political clout of millions of American debtors." the consequence is rising longterm interest rates combined with rising production costs across the board translation: price inflation great for gold / jim

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