On May 19, 2008, at 1:50 PM, Chris Gehlker wrote: > > On May 19, 2008, at 12:14 PM, Kevin Callahan wrote: > >> http://www.commondreams.org/archive/2008/05/19/9047/ >> As Mike Whitney reported at the end of October in 2006 — a day before >> Halloween — the US was then engineering the drop in the dollar to >> “improve competitiveness” — ie subsidize US exports in a flawed >> attempt to reduce the growing balance of trade gap. The result was >> summed up in the headline: “The U.S. Dollar is kaput. Confidence in >> the currency is eroding by the day.” > > This article seems pretty silly
yeah conspiratorial ... > - a rehash of the writings of > financial conspiracy theorist Mike Whitney. The thing is, you hardly > need a conspiracy theory to explain the week dollar. We asked the > rest of the world to lend us scads of money so we could have a war > without paying for it ourselves. They eventually wised up. > > American organized labor has been pushing for a weaker dollar for a > long time now. They aren't stupid. This article makes it sound like > somehow the weak dollar is not in their interest. strengthens exports .. and eventually, the dollar gets strong again cycle K _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
