Merv - he imprinted his mug, seven digit numerals alongside, on kiln dried pine pulp paper for currency shipped by Canada, but his folk continued to starve. With the game now up, he ends the gag, and orders them to shop for what little they can find with foreign currency. I suppose the 'foreign' equivalent for the Dollar, Sterling, Euro and Yen states, when their goose is cooked someday soon, will be gold nuggets. You are right, I fear. eric.
________________________________ From: Mervyn Lobo <[email protected]> To: GOANET <[email protected]> Sent: Tue, October 5, 2010 9:52:04 PM Subject: [Goanet] Nuggets - QE II & You Quantitative Easing or the printing of money is used when the normal methods to control an economy have failed. Quantitative easing depreciates the value of a currency (and all savings) while the country's economy receives all the benefits of a weak currency i.e. imports become more expensive and exports become more competitive. The problem with this economic theory is that it will not work for a country when a second or third country, and especially if these are competitors, also introduce their own QE policy.
