28 Jul 12 06:55, TOM WALKER wrote to ROY WITT:


 RW>> TW> goods from China will Cost more then those made here. Thanks of
 RW>> TW> course to the Idiot Politicans, From BOTH Parties, that with
 RW>> their
 RW>> TW> Idiot spending are destroyine the Value of the Dollar on the
 RW>> World
 RW>> TW> market.

 RW>> China's manipulation of the value of their yuan doesn't have
 RW>> anything to do with the devaluation of the dollar, of course.

 TW> Less than aparently you think. the Value of the Dollar o nthe Word
 TW> makket is set by the Confidence the rest of the World had in the
 TW> Future of this Country. Right now the Dollar is the Bench mark
 TW> currency for the world. But there is a movement to replace it becaue
 TW> of our IDIOT Fiscal policies with a combination of the Euro and Yuan.
 TW> Becasue the World as a whole has MORE confidence ion thyose curencies
 TW> than the Declining Dollar.

The declining Euro (was $1.34, now $1.23) has an effect on the worth of
the dollar. But not as much as you might think. In fact, when the Euro was
at it's peak, Europeans spent their Euros on American goods and services.

 TW> AND that decline is driven SOLEY by the Political mindless spending
 TW> of money we do NOT HAVE.

I was at the bank the other day, visiting my money...it hasn't changed in
appearance since I left it there 7 years ago. It's value used to earn
enough in dividends to pay the monthly bills with some of it left over to
buy a bag of candy.

                R\%/itt


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