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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (508733)8/28/2009 5:13:04 PM
From: bentway1 Recommendation  Read Replies (1) | Respond to of 1577893
 
"Weren't you concerned a while back when China decided not to peg the yuan to the dollar anymore? What changed since then? Obama?"

Precisely. We have competent people in charge with AMERICA's interests in mind, not just their partisans.



To: Tenchusatsu who wrote (508733)8/28/2009 5:23:46 PM
From: SilentZ  Read Replies (1) | Respond to of 1577893
 
>Whether it needs to be or not is irrelevant. It's going to be "reduced" one way or another, either via higher interest rates or inflation or a combination of the two.

Why is that irrelevant?

>Weren't you concerned a while back when China decided not to peg the yuan to the dollar anymore? What changed since then? Obama?

Yes, actually. As long as we keep solid diplomatic relations with the countries holding our debt, which is something Obama seems to be good at, we should be OK.

-Z



To: Tenchusatsu who wrote (508733)8/28/2009 6:24:37 PM
From: tejek  Respond to of 1577893
 
Z, > But that's assuming that the debt load needs to be reduced quickly.

Whether it needs to be or not is irrelevant. It's going to be "reduced" one way or another, either via higher interest rates or inflation or a combination of the two.


Don't forget more revenue.........like from cashing in all those bank stock shares the gov't holds now. Interests will go up but that can be done before inflation becomes a problem.