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To: Sprite518

You really should read a book on economics. Free Trade, real free trade, LOWERS prices. Taking advantage of cheap labor overseas, LOWERS prices. You cannot artificially peg a currency to the “price of gold”, the price of gold fluctuates in other currencies too. You would have to have gold to back all of our dollars. It is a physical impossibility, buying and hording so much gold would, if possible, bankrupt the economy and destroy the free market in gold.


19 posted on 05/02/2008 8:52:17 AM PDT by Soliton
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To: Soliton
Um gold was that standard on our currency for a very long time. What do you think it does to the US Dollar when the government can say we need another Trillion. OK just print it. That weakens our dollar.

Just look at any small town that has few jobs and low prices. Do you really believe that town is booming?

I am for free trade as long as its fair. There is no way our people can compete with someone at 5 cents an hour. If lower wages are so good, then why don't they just get slaves. That way it will not cost them anything.

20 posted on 05/02/2008 9:52:21 AM PDT by Sprite518
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