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To: sixmil
Inflation is under control because it has to be or you tank the economy.

I think the only thing that actually helps inflation strangely enough is that as fast as the government is creating new money, it's being shipped out to Mexico. We've basically become the mint for that entire country --- money isn't based on anything anymore anyhow.

4 posted on 09/10/2004 7:40:46 PM PDT by FITZ
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To: FITZ
I think the only thing that actually helps inflation strangely enough is that as fast as the government is creating new money, it's being shipped out to Mexico. We've basically become the mint for that entire country

What you said.

5 posted on 09/10/2004 7:44:43 PM PDT by Joe Hadenuf (I failed anger management class, they decided to give me a passing grade anyway)
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To: FITZ

I think you are on to something there. For example, if oil gets denominated in Euros, I would suspect there would be less overall demand for US currency since the international demand would be down. That would mean they would have to slow down the presses to avoid inflation. We have gotten by being the international currency, but just like with our industry, other countries will try to cut back at that. And the way we have given up local market share in exchange for the hope of gaining international market share, who knows, maybe we will even give up on our currency as well.


6 posted on 09/10/2004 10:31:38 PM PDT by sixmil
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