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


To: elmatador who wrote (43230)11/29/2008 12:53:08 PM
From: rich evans  Respond to of 217560
 
As long as other countries want to trade with the US for goods and oil then these countries/foreign banks etc will accumulate dollars and the capital inflows will continue. We are paying in dollars. If the seller does not want dollars, the bank can exchange them but these dollars held by foreigners will flow back here nevertheless. But the dollars should devalue if people prefer other currencies and sell them and this should help the trade deficit eventually.



To: elmatador who wrote (43230)11/29/2008 2:42:09 PM
From: RJA_  Respond to of 217560
 
Yes, however world govmts. Now using competitive devaluations instead of tarriff barriers as in the 30's. Till that changes... More of same. He who devalues most wins...

Not good.