"mike" wrote in message
...
On 23 Sep 2003 11:33:02 GMT, (Radioman390) wrote:
This wouldnt be such a problem if America produced most of its own
goods. However, if the dollar slides against the chinese currency,
then it would have a noticable negative effect.
The US dollar is completely confidance backed. If that confidance
wanes, then its just a slippery slope to bankruptcy.
mike
The balance of trade would be improved if we made more stuff foreigners
would buy. We used to sell alot of tabacco overseas, but I've heard the
government is forcing down production. I was shocked to hear that we even
have a food balance of trade. We buy alot of expensive imported wine and
cheese and winter grapes and such. So what do we export?
Action movies, military hardware, rap music, government bonds, Microsoft
Windows?
Frank Dresser