To: Sam the Sham
"Reduce the value of the dollar by nearly half. Are you recommending hyperinflation ? You think you can sell that to the American people ? You think that is responsible and intelligent ?"
It's a crying shame that I have to repeat myself, as you obviously didn't comprehend what I said the first time...but dropping the value of the U.S. Dollar only impacts 4% of our GDP.
We've already dropped the value of the Dollar by 20% versus the Euro. We've got another 20% to go.
Do we have hyper-inflation with that 20% drop? No.
Why not?
Because it only impacts 4% of our GDP, and 20% of 4% is so trivial as to be lost in the wash. Ditto for the next 20% fall.
Drop the Dollar that final 20% and offshore outsourcing will rein itself in. Problem solved.
Well, solved for everyone except those who want Marxist controls placed onto our economy to "protect" certain jobs like telephone switchboard operators and buggy whip makers from certain technological extinction.
217 posted on
04/10/2004 2:28:59 PM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
It's a crying shame that I have to repeat myself, as you obviously didn't comprehend what I said the first time...but dropping the value of the U.S. Dollar only impacts 4% of our GDP.
Why that is the best news that I have heard thus far. Lets just crank open those printing presses and give every American citizen a $1,000,000,000.00 to invest. Our GDP will drop by 4%; but, who cares, we are all going to sit on our tails and make brilliant investment decisions like our true blue blooded capitalist.
Economics 101 would argue that a drop in the dollar means inflation and increased funding costs; but heck if our globalist are willing to send me a check, then I am just going to have to cash it. ...Oh BTW, if our imports are SOoooo insignificant then why don't we just seal the borders and make everyone happy? It is just 4% right?!?!
220 posted on
04/10/2004 3:49:15 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
To: Southack; Sam the Sham
Dropping the value of our dollar and halving our income levels will dramatically impare our ability to carry debt load. Do you guys have any idea what the hell you are talking about - NO. It doesn't take a rocket scientist to see you guys are trying to destroy this economy by turning us into a third world country and multiplying our debt load. If the money is devalued and people earn less of it, that translates into an efective multiplying of our debt load because it then takes longer to pay it down.
For cryin out loud a kid with a 5th grade education can see that and you guys spout like this is utopia in the makings.
You don't have a clue what you're doing - that or you do and you're just the traitors everyone says you are.
261 posted on
04/10/2004 7:31:04 PM PDT by
Havoc
("The line must be drawn here. This far and no further!")
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