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Old September 23rd 03, 01:56 PM
mike
 
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On 23 Sep 2003 11:33:02 GMT, (Radioman390) wrote:

Here is link on story. Google News only showed a few links to papers that
published it.
Judge for yourself:
http://www.sierratimes.com/03/09/22/ap_dollar_drop.htm

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



 
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