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To: bruinbirdman

My what a twisted web we weave. China and Japan can’t bail out because they need a strong Dollar for exports to remain competitive. Drastic devaluation would cripple them economically. The UK, I don’t know. I’d assume they are headed for devaluation as well. House of cards.


3 posted on 08/18/2009 1:15:36 AM PDT by allmost
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To: allmost
"The UK, I don’t know. I’d assume they are headed for devaluation as well."

Interesting point. The pound is buying 1.6429 US DOLLAR.

yitbos

9 posted on 08/18/2009 1:51:08 AM PDT by bruinbirdman ("Those who control language control minds.")
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