Quote:
Originally posted by jas1552
I wasn't calling anyone a US or Bush hater. What I'm saying is if a weaker dollar improves the US economy and narrows the trade deficit at the expense of foreign leeches then so be it.
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Ok, misread your spirit...
What you say is true, but only for short term if the country is running a deficit ( and we know that is the case). The deficitis money owned , a lot of it to foreign countries in foreign currency... So the payment of interest ans capital ( if paid back) goes up instantly.
Also, any foreign country making loans to the US will make it in other currency than US$ to prevent a loss in the value of the loan...
So short term is good for the US, but long term not so good...
