Quote:
Originally posted by slavdogg
this has nothing to do with Bush you idiot
This serves to help Russia and and will most likely build better ralations between Russian and their EU neighbors.
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uh the US government has plenty to do with this. To try and get the economy going again the Federal Reserve has been expanding the money supply like it's nobodies business. The most basic economics tells you that increasing supply decreases price.. The administration have done everything but say 'we support a weak dollar' i.e. said they're unconcerned about the fall etc.. Of course a weak currency has advantages, it gives exporters a competitive advantage and the lower borrowing rates for locals hopefully spurs investment..
There is however a cost! This fucks in the ass foreign holders of the currency.. For trade of something like oil a currency has to STORE value, the USD has been in downward spiral this year, and anyone who makes USD and converts them into a local currency has been severely affected..
Of course Russia don't want to have to depend on the USD and the euro maybe convenient.. But to suggest this has *nothing* to do with the US administration is equally idiotic
