bye bye dollar | Clipmarks


	bye bye dollar

deb2012

1-30-2008 7:58 AM

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tags:

economics

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cdaa995f-8150-40c0-bd13-129803b6fc1c/F8586114-4BAE-4097-9004-942AF33C40BF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailypfennig.com/" href="http://www.dailypfennig.com/" style="font-size: 11px;">www.dailypfennig.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailypfennig.com/">When a country has financing problems they only have two choices... 1. raise 
interest rates aggressively to attract investment. Well, the Fed's cutting rates 
so that dog's not going to hunt! And 2. allow a debasement of the currency, 
which acts as a clearing mechanism for the assets being purchased. If the 
currency is cheaper, then the asset is bought at a discount... Given the choice 
between raising interest rates and bringing an economy to its knees, or allowing 
a debasement of the currency, a Gov't will always choose what's behind door 
number 2. <BR></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F8586114-4BAE-4097-9004-942AF33C40BF/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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