[HUG ] Re: The falling dollar/ photos vs digipics

Quoting Marc James Small, who wrote on Tue, May 06, 2008 at 02:36:57AM -0400 ..
> At 02:21 AM 5/6/2008, JAMES WILLIAMS wrote:
> >The sagging of the US dollar is more political 
> >than economical, the US government likes our 
> >dollar worth less because then other countries 
> >will buy our goods. They are more concerned with 
> >making companies more money( you know the 
> >trickle down effect, lol). Hope I did not push 
> >anyones buttons, but sometime the truth hurts 
> >lol. But the real question is what is the truth? lol
> 
> 
> That is hardly "truth":  it is wild lunacy.  The 
> US government does not control the value of the 
> dollar in international trade;  that is set by the free market.
> 
> The dollar has recently fallen for a number of 
> reasons.  One primary cause is the insistence of 
> the oil market to continue to peg the price of 
> crude oil in US dollars:  as the Chinese demand 
> for oil has gone up, this has pressured the 
> dollar to decline in value relative to the 
> Chinese Yuan and, then, to the British Pound and 
> to the Euro.  There are other causes, but they 
> are of a like nature.  The feeding frenzy of our 
> government (Republican and Democrat Parties 
> alike) has not helped, nor have the costs of the Wars in South-East Asia.

S-E Asia?  I imagine you mean places like Iraq, Afghanistan and the like?


Wilko

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