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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (6330)	4/18/2008 2:30:58 PM
From: stan_hughes	Read Replies (1) \| Respond to of 71475

"the only way out of this ST is protectionism" Not to give you a hard time, but that strategy didn't work very well in the early 1930s, and I doubt it would work very well here either -- en.wikipedia.org

To: ggersh who wrote (6330)	4/18/2008 3:36:51 PM
From: dybdahl	Read Replies (1) \| Respond to of 71475

That's simply not true. Many countries have repaid their debt in an increasingly free trade world economy. The more foreign trade USA can get, the less the debt looks like. If you start to do protectionism, you will first lose all the companies that depend on free trade, and then you will need to repay your foreign trade debt using a very small foreign trade. USA is way beyond the point where you have a choice. You don't have the choice to do protectionism, unless you want to go back to stone age standards of living.