| Talkback | |
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Title: | It`s raining green paper!! | |||
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| Name: | Clickfool | | |||
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| City: | Sussex | State: | England | | |
| It`s been estimated that the US current account deficit is heading towards $1,300,000 million by 2010 (8 to 8.5 percent of GDP). This deficit is funded by a mountain of US Treasury promissory notes and other funny money. The USA has to hope that the recipients of their paper will decide to keep it. If they do not - if they decide that the dollar is a dodgy investment, certain to depreciate, they`ll convert it immediately into the only other currency capable of soaking up the volume, the Euro. The dollar will begin to fall off a cliff. So - will the Chinese and the Japanese continue to act like loonies and accept duff paper that`s bound to go down in value? That`s the best the USA can hope for. Judge for yourself. |
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