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Politics : Foreign Affairs Discussion Group

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To: paul_philp who wrote (89350)4/2/2003 8:31:57 PM
From: KyrosL  Read Replies (1) of 281500
 
Your predictions one year out sound reasonable, if everything works out according to the neocon plan, except for one:

France does not depend on US capital. In fact nobody depends on US capital anymore. The US is a huge net borrower in the world today (to the tune of half a trillion a year) and foreigners are net owners of US assets, mostly financial. France in particular is a net capital exporter and has one of the highest savings rates in Europe, around 15%, more than 4 times our savings rate.

Kyros
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