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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (15228)	1/1/2002 1:41:18 AM
From: Terry Maloney	Read Replies (1) \| Respond to of 281500

Our fate is ultimately yours Hawk, exactly. That's why some of us feel we oughta get a vote in all this too... <g/ng>

To: Hawkmoon who wrote (15228)	1/1/2002 2:57:42 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 281500

Hawk, actually, the USA is as dependent on the economic health of the rest of the world as the rest of the world is dependent on the USA. The USA is absolutely NOT a gift horse. < And considering that Canada and most of the rest of the world is heavily dependent upon the the economic wealth of the United States, I wouldn't be looking a gift horse in the mouth. When the largest economy in the world catches a cold, the rest of you will catch pneumonia. Thus, until Canada achieves economic independence, you have no choice but to look through those "red, white, and blue" tinted glasses. Our fate is ultimately yours.> Trade is about mutual dependence, as you suggest in the last sentence, though I suspect you have the idea that the benefits primarily flow outwards. Certainly the creativity does, but equal value flows in the opposite direction [a CDMA ASIC in exchange for a barrel of oil or a sheep, or a Ford in exchange for a family vacation in Hobbitland]. Actually, the gift flow is in the direction of the USA since the USA takes delivery of goods, pays with US$, which tend to not be spent. The USA dilutes those foreign-held $$ by printing itself a whole lot more $$. It's a great game. The USA is a huge debtor. They might decide to default! Debtors sometimes do that. It would be interesting to see what happens if the US$ suffered a vast abandonment for some obscure reason - mass abandonment due to loss of confidence can happen really quickly. What if the word got out that Uncle Green$pan was fixin' to print a whole swag of US$ which would be dilutive of foreign [and other] holders of the US$ debt in an attempt to improve the economy? Suddenly, the US$ might become like a hot potato or Q-bomb, tossed from person to person with nobody wanting to be left holding the bomb when it blows up [the funny aspect of the Q-bomb being that it didn't matter who held it because everything was going to get blown up]. britmovie.co.uk It's actually the USA which is dependent on ME! The USA should be polite or they will find their capital flows go bad as I [and like-minded aliens] abandon ship. I don't have to look through your red, white and blue tinted glasses. Fortunately for the USA, they are doing a good job of keeping me happy. But as with any supplier, there is competition, so they need to do things right. You may call me Sir, Mqurice