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kramus · 09-20-2007, 06:16 PM

I have absolutely no knowledge or understanding of finance. I do know that if Mr. Bush wants to lessen the effect of a terribly expensive course of action which involves both a 2-front war and an unending string of record breaking budget deficits, he can do it by making the American dollar worth less. By that, I mean that a debt of a hundred billion dollars (to throw out a number for the sake of having a number to throw out) becomes less onerous if those dollars are only worth a fraction of what they used to be. The debt will then be a fraction of what it used to be. Magically the debt is reduced.
If that is a good thing or not, I don't know. I remember back in the 70's I would see headlines where Canadian business and political figures were crying about the strong Canadian dollar and what a tragedy it was for us. These same figures cried just as hard when the weak Canadian dollar sank to 60-odd cents. It made us look like an attractive third-world country to some American tourists who could come up here and have a good, cheap time.
At the end of the day there will be canny fellows with swimming pools full of cash while the majority of us labour away for a few bucks at a time. Such is life.

09-20-2007, 06:16 PM	#9 (permalink)
kramus loving the curves Location: my Lady's manor	I have absolutely no knowledge or understanding of finance. I do know that if Mr. Bush wants to lessen the effect of a terribly expensive course of action which involves both a 2-front war and an unending string of record breaking budget deficits, he can do it by making the American dollar worth less. By that, I mean that a debt of a hundred billion dollars (to throw out a number for the sake of having a number to throw out) becomes less onerous if those dollars are only worth a fraction of what they used to be. The debt will then be a fraction of what it used to be. Magically the debt is reduced. If that is a good thing or not, I don't know. I remember back in the 70's I would see headlines where Canadian business and political figures were crying about the strong Canadian dollar and what a tragedy it was for us. These same figures cried just as hard when the weak Canadian dollar sank to 60-odd cents. It made us look like an attractive third-world country to some American tourists who could come up here and have a good, cheap time. At the end of the day there will be canny fellows with swimming pools full of cash while the majority of us labour away for a few bucks at a time. Such is life. __________________ And now to disengage the clutch of the forebrain ... I'm going with this - if you like artwork visit http://markfineart.ca