http://www.marketoracle.co.uk/Article3324.html
Picador, I’m talking about purchasing power. The dollar has lost 98% of it. Paper currency doesn’t work.
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January 29th, 2010 at 5:28 am
Because it’s fun?
January 29th, 2010 at 5:28 am
They have no real idea what they are doing, because they are ignorant. They take a weekend seminar on economics and believe that they are experts.
January 29th, 2010 at 5:28 am
they love you and they’re trying to stop outsourcing, by making the USD worth less than the Indian Rupee. Get ready to help the Majula family with their internet problems.
January 29th, 2010 at 5:28 am
What other ways can the govt spend 1-2 trillion dollars a year without raising taxes?
January 29th, 2010 at 5:28 am
De-valuating the currency discourages imports, investing and traveling abroad, and encourages export and domestic investment and production. It also makes debts denominated in US dollars cheaper to repay. On the other hand, if overseas investors foresee a further devaluation of the US dollar, they will be discouraged from lending the USA more money.