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Politics : Foreign Affairs Discussion Group
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To: RealMuLan who wrote (95572)4/22/2003 3:24:53 PM
From: KyrosL  Read Replies (1) of 281500
 
I wonder how much longer the US can afford to do this?

The US already cannot afford to do this. Like the cartoon road runner, it's already over the cliff pumping furiously. The only reason we can do it is because foreigners are still willing to accept dollars in exchange for hard goods -- some $500 billion last year, projected to increase to $600 billion this year. When foreigners (with China prominently at the top of the list) start demanding a lot more dollars for their goods, look out below.

Kyros
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