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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (424807)7/9/2003 4:58:48 PM
From: DuckTapeSunroof  Read Replies (3) of 769670
 
It looks like whatever 'debate' there was over deficits was conducted and settled behind the curtains - the decision was made to massively devalue the dollar, to (a la Argentina) inflate our way out of the mountain of debt.

The rise in hard commodity prices confirms it.

Once suitable currency alternatives rise to permit alternate stores of value (a strengthened Euro, reflecting the enlarged EEU... the Chinese currency, once they follow through on their WTO pledge to break their peg to the dollar and allow a free float), then the dollar's descent will accelerate.
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