tag:blogger.com,1999:blog-4159906646513306121.post588207849675421028..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Global imbalances and sliding dollar, is the US doomed?Economic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4159906646513306121.post-26100458146127305902008-03-15T18:41:00.000-07:002008-03-15T18:41:00.000-07:00Big deal. Of course borrowing in your own currenc...Big deal. Of course borrowing in your own currency makes it easier to reduce the real value of your debt. Charles DeGaulle and Jacques Reuff said this in 1966. I'm asking what's new here? The US can get real resources from overseas which it never has to pay for as long as dollars circulate outside the country. I say again, what's new here? Why does Economic Logician bring this up? In 1973 Nixon embargoed the shipment of soybeans to Japan making the dollar good for nothing.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-19004415977575518652008-03-15T13:48:00.000-07:002008-03-15T13:48:00.000-07:00I would have thought an accountant would understan...I would have thought an accountant would understand this: the US is capable of borrowing at a lower rate, due to its position on financial markets (reserve currency and all). Thus being in debt is not so bad.<BR/><BR/>And changes in the dollar make it easier to repay that debt, as it is valued in ... dollars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-58019147227032535162008-03-14T19:47:00.000-07:002008-03-14T19:47:00.000-07:00Pardon my ignorance. What are these guys saying?Pardon my ignorance. What are these guys saying?Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.com