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View Diary: New: concern trolling the euro (241 comments)

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  •  Sound financial advice (7+ / 0-)

    This is what countries who are turning to the Euro are doing.

    I have a big chunk of my money invested in countries who don't tie their currency to the dollar.  If I pick wisely, I get a double boost as the value of the dollar sinks.

    As I understand it, so far China has tied their currency to ours to keep their exports competitive.  If they stop doing this, our interest rates will go up, and the cost to service our public debt will eat a bigger whole in our Federal budget.  

    If China were to decide to tie their currency to Euros, directing their trade to Europe rather than to the US, I predict the US would go the way of the Soviet Union, and Osama will be able to claim victory over another superpower.

    Bush Administration: Proving the saying, "You can fool most of the people some of the time, and 30% 24% all the time."

    by Helpless on Tue Nov 27, 2007 at 11:25:31 AM PST

    [ Parent ]

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