Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

On 23 Sep 2003 11:33:02 GMT, (Radioman390) wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.

The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.

mike

"mike" wrote in message
...
On 23 Sep 2003 11:33:02 GMT, (Radioman390) wrote:


This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.

The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.

mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we even
have a food balance of trade. We buy alot of expensive imported wine and
cheese and winter grapes and such. So what do we export?

Action movies, military hardware, rap music, government bonds, Microsoft
Windows?

Frank Dresser

- So what's wrong with exporting Rap Music?



In article ,
"Frank Dresser" writes:


mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we even
have a food balance of trade. We buy alot of expensive imported wine and
cheese and winter grapes and such. So what do we export?

Action movies, military hardware, rap music, government bonds, Microsoft
Windows?

Frank Dresser

"Diverd4777" wrote in message
...

- So what's wrong with exporting Rap Music?



Nothing. To bad we can't get more for it.

It's too bad our most successful recent export, the swen worm, wasn't
copyrighted. Thanks to Mickey Mouse, this could have been quite a goldmine.
And I'm sure Congress will be pushing the copyright expiration limit out
indefinitely, or at least until Walt Disney is thawed out and re-animated.

Frank Dresser

,
(Chandler7600) writes:

WARNING: U.S. DOLLAR COULD COLLAPSE AT ANY
MOMENT!

- So:
we have this African American Attorneys Association of Athens Alabama,
listening to Hal Turner;
Buying ( BUYING !!) treasury futures and shorting The Euro,
watching their portfolios appreciate
- While applauding htemselves for their savvy investing skiils,
they decide some refreshment is appropriate
Pizza

' Lets call up Papa Johns and have the fat Nazi deilver it !"
- "Naw, I feel like ribs.."
"Chinese.."
" Theres a good Fusion place that deivers ..."
- Arent they closed ?
" With what we made today, I'll have them open it back up! "
"Yeah ! ! "

They sit back, enjoying Port and Cigars..

Life is good..

"mike" wrote in message
...

This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.

The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.

mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we
have a negative food balance of trade. We buy alot of expensive imported
wine and cheese and winter grapes and such. So what do we export?

Action movies, military hardware, rap music, government bonds, Microsoft
Windows?

Frank Dresser

"Frank Dresser" wrote in message
...

"mike" wrote in message
...

This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.

The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.

mike


The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we
have a negative food balance of trade. We buy alot of expensive imported
wine and cheese and winter grapes and such. So what do we export?

Our major food exports are grains and processed food products. Our imports
are mostly winter vegetables and fruits and rice, as well as specialty items
like cheeses, truffles, etc.

"David Eduardo" wrote in message
m...

Our major food exports are grains and processed food products. Our imports
are mostly winter vegetables and fruits and rice, as well as specialty
items
like cheeses, truffles, etc.




That was my point. Could have been clearer, I guess.

Frank Dresser

Radioman390 wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

Does anybody have a link to the article in the UK Guardian that prompted
the Sierra Times article? The Sierra Times looks like it has an agenda-a
typical far right wing survivalist agenda-and I'd like to see where this
article came from originally.

The trade talks in Cancun were all about poor nations wanting rich
nations to end their heavy agricultural subsidies so poor farmers would
have an easier time competing against Western agribusiness. Both sides
refused to budge, so the talks ended. I don't see how that translates
into a drastic dollar drop "any day now".

All currencies are confidence based, and have been ever since the gold
standard was scrapped in 1971.