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#1 | ||
College Starter
Join Date: Oct 2000
Location: Calgary
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Article: The Euro and the War on Iraq
http://www.rense.com/general36/euro.htm
Hopefully someone with a stronger economics background can challenge some of the assumptions in the article. 1) I can't see a 40% devaluation of the US dollar, even if all OPEC countries switched to the Euro. Any "flushing" of the US Federal Reserve would happen gradually. Plus, would there really be a "crisis mentality" among investors causing an abandonment of the US dollar in favour of the Euro? Why would an investment in ABC Inc. producing widgets be a worse investment with a change in the oil standard, especially if that company is in an unrelated sector of the economy? 2) Wouldn't a temporary or permanent devaluation in the US dollar actually make American goods cheaper and more attractive abroad? As a result, would this not actually bite into the trade deficit? |
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#2 |
College Starter
Join Date: Oct 2000
Location: Calgary
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bump?
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#3 |
Pro Starter
Join Date: Oct 2000
Location: Fairfax, VA
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You should ping Quiksand and see what he thinks. He probably is the "strongest" economics person on the board.
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#4 |
Lethargic Hooligan
Join Date: Oct 2000
Location: hello kitty found my wallet at a big tent revival and returned it with all the cash missing
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Alas, Morgado would be a good one to reply.
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donkey, donkey, walk a little faster |
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#5 | |
Pro Starter
Join Date: Oct 2000
Location: Fairfax, VA
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Quote:
True, but since he hasn't posted for 2 years I figure Quik might be the best bet. ![]() |
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#6 |
Hall Of Famer
Join Date: Nov 2000
Location: Behind Enemy Lines in Athens, GA
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I confess that I'm not quite sure to make of this either, but I find it very interesting that it was posted here. Previously, the only time I had heard this was from one of my most "connected" friends and I had to be rather non-committal about it because it caught me a bit off -guard (and seemed a little farther fetched to me than your average conspiracy theory).
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"I lit another cigarette. Unless I specifically inform you to the contrary, I am always lighting another cigarette." - from a novel by Martin Amis |
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