To: GodGunsGuts
Does that mean inflation or deflation????
5 posted on
12/12/2006 8:45:05 AM PST by
ex-snook
("But above all things, truth beareth away the victory.")
To: ex-snook; Toddsterpatriot; nopardons; jennyjenny; Mase; Torie
Does that mean inflation or deflation????It's a crisis!
America's Flation Crisis is Outta Control!
We're all gonna die!
The situation is a million billion times
worse than originally thought!
8 posted on
12/12/2006 8:47:57 AM PST by
Petronski
(I just love that woman.)
To: ex-snook
It means foreign goods will become more expensive. And it may also mean that our international dollars (in the form of currency reserves, etc) may start to find their way home. Finally, the USD is in jeopardy of losing its status as the world's reserve currency. This is not a good development no matter which way you look at it IMO. Our trading partners are not going to look kindly on the fact that we are shoveling our debt onto their depreciating dollar reserves (by not solving our massive deficits/cutting spending).
To: ex-snook
15 posted on
12/12/2006 9:00:38 AM PST by
subterfuge
(Today, Tolerance =greatest virtue;Hypocrisy=worst character defect; Discrimination =worst atrocity)
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