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

To: epicure who wrote (137258)	6/21/2004 2:09:51 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

<But that doesn't make the US balance of trade not a problem for the US- and indirectly for the rest of the world.> If somebody sells something to somebody in the USA, then the creditor had better ensure that the debt is good. They presumably consider the debt is good, or they'd stop supplying. Simple really. If the government needs more money because they are running a deficit, they can just print themselves some more. That's simple too, but inflationary if they do it too much. The USA running the world's biggest currency has been the biggest profitable industry in human history. Just pixelate another $billion out of thin air and go shopping. The proverbial money tree. Great for you Americans. But I'm planning your demise with my secret U [Utopia] cyberspace currency where the holders of the money are the owners of it and will enjoy the profits of control. It's silly for we aliens to use US$ and hand Americans the profits of control. Great for the USA though. Mqurice