Sell your U.S. Dollars
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Financial Times[^] China is expected to sell it's U.S. dollars for Euros in the near future.
This is far more likely to end badly for China and Europe than for the US. Weatlh will always flow to the most capitalistic economy - and the US can much more easily tolerate higher levels of capitalism than any other economy on the planet.
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Tomaž Štih wrote: Why would any U.S. citizen even think about complaining? because there's a good chance interest rates will rise to offset the decline in dollar value. but it won't be just higher rates on treasury bonds; mortgage and other debt will get more expensive, too. that's anti-good, since the US has been enjoying a huge housing boom for the past few years, due to low interest rates. Software | Cleek
Look on the bright side. You'll get to export a lot more. If the dollar drops under 6.50 SEK/USD, I'll consider buying books from the US. The economy will recover in a few years. If Bush plays his cards right that is. And if you're really lucky, next election will be won by a republican. ;) -- Weiter, weiter, ins verderben. Wir müssen leben bis wir sterben. I blog too now[^]
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Look on the bright side. You'll get to export a lot more. If the dollar drops under 6.50 SEK/USD, I'll consider buying books from the US. The economy will recover in a few years. If Bush plays his cards right that is. And if you're really lucky, next election will be won by a republican. ;) -- Weiter, weiter, ins verderben. Wir müssen leben bis wir sterben. I blog too now[^]
Jörgen Sigvardsson wrote: You'll get to export a lot more. unless the rising price of imported necessities (ex. oil) pushes our own production costs too high. :sigh: Jörgen Sigvardsson wrote: And if you're really lucky, next election will be won by a republican yeah, double-edged sword, that one. if Bush fails, this country is gonna be in serious trouble, cause he's got us over a pretty deep chasm right now. Software | Cleek