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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (224193)	10/14/2007 8:19:12 PM
From: Bearcatbob	Respond to of 793957

Currency debasement - market adjustments? Currency valuations simply have to adjust to reflect overall market conditions. Currency markets are one reality that political poop can't change. When the policies of a country discourage domestic energy production and massive imports result - the imports have to be paid for. When the policies of a country increase the cost of domestic production - the price of exports has to drop in terms of foreign currencies. When the policies of a country finance operations by deficits instead of taxation - the supply of the currency has to grow artificially. Personally, it is currency that will force things into balance. Bob