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To: Solson
Value is in the eye of the beholder

Only when we want to sound philosophical.  When it's time to feed ourselves we have to do work that others are willing to pay money for at an agreed price, and the money gained is used for survival also at agreed prices. What we got today is that Chinese oil, gold, and electronics are now being offered to us for fewer dollars and our dollars now have more value --in their eyes. 

Ordinarily that's a good thing but this case their falling prices seem to be caused by an econ downturn, which can be bad for us as that sort of problem tends to spread.

39 posted on 08/11/2015 8:46:23 AM PDT by expat_panama
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To: expat_panama

I’d encourage you to take a look at the hit international companies are taking from the “strength” of the US Dollar. Hint: Its billions of dollars of losses.


40 posted on 08/11/2015 9:15:02 AM PDT by Solson (Grand Old Party 1854 - 2010 RIP.)
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