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Post by blueneck on Dec 31, 2006 14:52:07 GMT -6
Another comment from Pat on this weeks McLaughlin was that as the national debt and trade deficit grows, so does the decline in the dollars value - it will be in danger of becoming the new North American Peso. Now Mr Buchanan is known for his hyperbole, but he does have a valid point.
A small devaluation of the dollar could actually help US exporters, but if the bottom drops out of the dollars value - could mean serious recession or even depression.
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Post by liberalcapitalist on Jan 1, 2007 8:07:57 GMT -6
With the talk of the possible switch to the amero,I think the government will recall all the dollars and issue the new,devalued currency that will rob the meager savings of the middle class all in the name of globalisation and deficit reduction.It would hit all aspects of the economy-savings,retirement,stocks and mutual funds-the economy would be carnage.Hold on,it could be a wild ride.
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Post by blueneck on Jan 1, 2007 10:19:53 GMT -6
So far I have not heard much about this "amero" currency. I would hope that US citizens will be like their UK counterparts and stand up against it if it were really to come to pass, just like the UK balked at the Euro.
A unified currency, just like globalization itself is another nail in the coffin of national sovreignity and identity.
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