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Re: Imperialists vs Hegemonists in Bush administration
by KenRichard2002
01 January 2004 04:50 UTC
 
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       There is a reason the Bush Administration is giving returning tax payer dollars to them while borrowing money from the financial sector at the same time;  borrowing money provides a return to the financial service sector. Which is the industry that employs the environmentalist, Al Gore.  During weak production periods,  the financial service sector usually enjoys a lift so it pays to know where to position oneself.

       The decline in the dollar is much desired by the Bush administration.  It boost US exports and is a determined approach in  helping to prevent European manufacturers from moving into overseas markets dominated by US multinationals. There is a reason Alan Greenspan downplayed the economic relevance of Chinese monetary policy.  If you recall,  many in the US have been complaining that the Chinese have unfairly overvalued their currency by pegging it to the dollar.  One might say that the US has unfairly undervalued it's currency at the same time.  There is a massive intervention in the US dollar right now in the fact that the interest rate does not set itself nor is there an invisible hand in control of money supply.   These hands may be invisible to you and me but someone has a hand in all these matters and they certainly aren't invisible.

KR
 
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