Quote:
Originally posted by Mike AI
Oh and on the cheap dollar... we print up more money ,to make it eaiser to buy foreign goods. We are exchanging worthless paper for HARD GOODS!! ( This is a text book example of what Economists would call being OWNED!!!)
|
well that's all very nice, but the US depends on foreign inflows of capital to finance the current account deficit. All recent data suggest foreigners are sick of being "owned" and foreign inflows are way down. At the end of the day that worthless piece of paper will hurt Americans more than anyone else.
btw GDP growth wasn't over 9% it was 8.2% and not everyone who dislikes Bush or US foreign policy is anti-american (honestly)
