Quote:
Originally posted by extreme hardcore
You are missing the big picture here. We (no us people) are selling more to the US than buying from them. A lower $ is bad for us. For the US people a lower dollar is ok for two reasons.
The US has a big debt in dollars and a lower dollar wil make it easier for the US to pay it back. And the prices for US products will be cheaper within and outside the US when compared to non US products. This will help the US economy and bring more jobs to american people.
There will be a huge problem for the US when the dollar falls too fast becouse foreign investors will loze confidense and sell thier investmenst and then the dollar will drop even faster. A controlled devaluation of the dollar will help the US economy tho.
(edit: yea i know my english is crap...)
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Yes it's called welfare reform on a world scale.
The free ride is over.
