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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (25354)	11/18/2007 2:46:21 AM
From: elmatador	Read Replies (1) \| Respond to of 217544

Bernanke said the only effect of a weaker dollar on a typical American with their wealth in dollars, buying consumer goods in dollars, would be ``their buying powers, it makes imported goods more expensive.'' ``He is a total fool,'' Rogers said. ``He said Americans who buy only American goods are not affected if the value of the U.S. dollar goes down. I was terrified.'' Rogers said that's not right. ``If you only buy American products and the dollar goes down, the price of oil goes up, copper goes up, wheat goes up,'' he said. ``That affects you. He doesn't understand the economy as far as I can see.''