To: Havoc
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. Take a deep breath before you hurt yourself. If the currency is devalued vs other currencies like the Yen and Euro that makes our goods cheaper, we sell more, their goods more expensive, we buy less. Doesn't hurt our debt load or reduce our incomes.
This would help us and you. Except for making oil more expensive, and we should get our own out of Alaska anyway.
To: Toddsterpatriot
333 - "If the currency is devalued vs other currencies like the Yen and Euro that makes our goods cheaper, we sell more, their goods more expensive, we buy less."
Make what? Our factories are moving to china - we export nothing to them. The trade deficit is now $500 billion per year. We don't export enough to make any money, because we don't make anything anymore, for use here or for export.
Go overseas, and try to find anything american made. Go to walmart and try to find anything amercan made.
Duh ???
336 posted on
04/11/2004 12:15:02 AM PDT by
XBob
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