9. "RE: The dollar is weak, and has no prospect of getting" In response to In response to 7
>stronger.
Man, you obviously know little about international finance either.
1.If American goods are cheaper they will be bought, now while figuring in the contingency that they will never be as cheap as Chinas, but still with them being cheaper they will be bought.
What does this do?
It provides liquid capital to American producers.
Now, I don't think that America should think that its future is built on a production based economy, but in the right now, if we've got something we can use it.
2.Germany and France are piling up huuuuuuuge debts. They are breaking the EU's on rules to keep piling on these debts, as the debts get bigger and more Euros go toward financing that debt and less towards capital investment... guess whats going to happen?
If you answered "the Euro is going to fall" then you would be right!
And, finally, Korea won't switch to the Euro.
Why?
Because you don't cut the aid you recieve from your largest donor by 1/3 to exchange it from dollars to Euros.
S.ean | Geezers need excitement. If their lives don't provide it they incite violence. Common sense. Simple common sense.