Tuesday, January 11, 2005

Weak USD

US dollar's benign assimilation of other nation's currencies
Weakening the US dollar parallels the termination of Bretton Woods gold standard edit by President Nixon on August 15, 1971.
Horders of dollars, British & other governments or individuals, lose on deflation. US exports, US made raw materials and parts are cheaper in the Philippines.
Creditors, US government or individual Americans, lose on inflation..
In the long run, one nation, one individual self-interest for economic survival... Just a thought.
ate mely

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