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To: The Ox who wrote (14388)12/13/2002 3:38:24 PM
From: Broken_Clock  Respond to of 14427
 
Only way to erase the staggering trade imbalance as well as make our exports more competitive. Also, China is "importing deflation" as they say. The doomsday scenario is each country devaluing in a competitive fashion. The bugs are divided on this issue. it results in monetary collapse worldwide but those with gold are the winners. Basically, it would be good, bad and ugly all at the same time....depending on your viewpoint. Welcome to the global economy/nightmare.