Quote:
Originally posted by David - PG
12-18 more months more of this relative Dollar weakness and inflation in the US will accelerate due to oil imports and imports of goods from the EU.
Next thing you know is the fed will increase the interest rates some more to combat inflation.
Next thing you know is economy and spending habits in domestic US will slow down cause money becomes more expensive.
IMO a weak Dollar only benefits the US economy short term, not long term.
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Thats what the economists were saying in America then the Neocon Rednecks told them to shut the fuck up and duct tape there mouths shut.
People will be making the same amount of money and everything will get more expensive. Thus more money will be spent just like the Bushies are saying but of course they are not saying the same dollar spent now has far less value than a dollar spent in 1998-2000!
But people are so fucking retarded them reports that state spending is up is supposdly a good thing!!!