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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (2634)10/29/2003 1:13:37 PM
From: yard_man  Read Replies (1) | Respond to of 108546
 
>>We would achieve this balance by issuing what I will call Import Certificates (ICs) to all U.S. exporters in an amount equal to the dollar value of their exports. Each exporter would, in turn, sell the ICs to parties—either exporters abroad or importers here—wanting to get goods into the U.S. To import $1 million of goods, for example, an importer would need ICs that were the byproduct of $1 million of exports. The inevitable result: trade balance. <<

same thing as cash payments to our exporters -- it won't work -- surprised at Buffet.