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To: Renfield

#2 Under-Reported Real Story of 2003: Dollar-Gate. The foreign governments of China, Taiwan, Japan, India, and the EU continued to buy Dollars on the open Market in order to prop up the Dollar rather than let their own currencies appreciate up to their fair market value (the end result being that exports to the U.S. were effectively subsidized, while imports from the U.S. were effectively taxed/penalized).

3 posted on 12/31/2003 4:42:28 PM PST by Southack (Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack
My thought exactly. Had the political parties been reversed, this would have been trumpted by the liberal media as Watergate II, on steroids.
7 posted on 12/31/2003 4:47:42 PM PST by reaganbooster
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