lowe
pre 14 godina
"As much as the hate-America crowd loves to talk up Russia, Brazil, & India; these countries combined do not have the purchasing power of the United States.
(David Wright, 14 October 2009 17:27) "
A purchasing power that is based largely on credit and borrowed funds. Big deal!
The US was able to amass a huge trade deficit painlessly for decades because the greenback was the world's reserve currency. They were buying stuff with money they never really had in the first place. Payback time however is now hovering and everyone in the US government is worried stiff.
Tough luck for the Yankees however as the world is no longer blind and are moving away from the greenback. Meantime many Americans continue to think that money grow on trees.
4 Komentari
Sortiraj po: