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Politics : Politics for Pros- moderated

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To: carranza2 who wrote (118499)6/6/2005 8:27:28 PM
From: Ilaine  Read Replies (1) of 793750
 
Okie-dokie, but please tell me which currency is going to take the place of the US dollar?

Euro seems to be falling on hard times.

Chinese banks admit to $500 billion in bad debt.

What's left? Thai baht? Rupees?

Further, please explain what percentage of GDP spent on taxation is too much, and too little. Give three examples.

And, for extra credit, explain exactly why the present ratio of household debt to equity is unsustainable.
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