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


To: michael97123 who wrote (249761)11/27/2007 11:37:29 AM
From: Lou Weed  Read Replies (2) | Respond to of 281500
 
I'm still not understanding your rationale here. Then again, a lot of the economic system dynamic is very nebulous to me.....very convoluted! If you showed me an electrical schematic I have no problem but talking devalued currencies with global commerce confuses the heck out of me!



To: michael97123 who wrote (249761)11/27/2007 12:32:44 PM
From: bentway  Read Replies (1) | Respond to of 281500
 
The "Euros" are down the list as dollar holders:

treasury.gov

It's the Chinese that are paying for Bush's pet war. They trade the IOU's back for factories, power plants, oil from Iran, apartment blocks for their workers, their own military and things that are actually constructive. Even with all that they still accumulate surpluses. What we get is Iraq.



To: michael97123 who wrote (249761)11/27/2007 11:41:40 PM
From: c.hinton  Read Replies (2) | Respond to of 281500
 
michael think back to when nixon devalued the dollar in 71(euros were financing vietnam and the great society...

was the after math a happy period in us history?

when the dollar devalues there are no winners .