To: Sam the Sham
"Tell me some more on what will happen when OPEC switches from dollars to euros. Has your brain ever considered that ?"
The Dollar would drop in value. The export based economies of China and India would collapse overnight (because everything they sold to their largest customer would skyrocket in cost).
U.S. exports would become radically cheaper and more competitive globally, and the U.S. economy would boom as it switched over to making the goods and services domestically that it was formerly importing before the collapse of the value of the Dollar.
236 posted on
04/10/2004 5:03:58 PM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
U.S. exports would become radically cheaper and more competitive globally, and the U.S. economy would boom as it switched over to making the goods and services domestically that it was formerly importing before the collapse of the value of the Dollar.
Wouldn't the US then have to pay a premium to buy Euros in order to procure oil imports? What would we gain by that?
On the one hand you freely admit that the international free market is corrupt structure which is freely manipulated by China and India to our detriment. But, you seem perfectly willing to stand by and allow the perversion of the system to continue. Give me one good reason why we shouldn't simply sever all trade with China and India right now; and why do you continue to blame US workers and work environment for what results from a foreign currency manipulation?
243 posted on
04/10/2004 5:16:25 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
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