Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	7/14/2007 2:02:44 PM
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RE the falling dollar: one thing I keep thinking about is that as the dollar falls it makes imports that much more expensive. I know it also helps exports, but what do we export anymore-lol? I guess our trade deficiit with china doubled this year, but our largest import is oil, I think. So a falling dollar is really going to exacerbate our 800 billion trade deficit going forward as we do not get our oil from China, so that trade imbalance will just be added to China's. I just do not see how we get out of this financial mess we are in without a horrendous drop in the dollar and all that portends. We just cannot keep running our government, paying 10 billion a month for our wars, rebuilding our military infrastructure, take care of the baby boomers and servicing our debt with rising interest rates. We simply are not bringing in enough money. I think there is a chance we could see hyperinflation at some point. We sure as hell cannot amortize our debt. I think the PM's time has arrived.

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