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Discussion in 'Political Issues' started by ERASER, Oct 18, 2012.
Our debt crisis is the most predictable train wreck in history, and we just keep putting more coal in the firebox.
Think we're bad, look at Japan. I know they've basically been in the dumpster for 20 years but given their debt-to-GDP ratio I don't know why their currency remains so strong.
Obama's dice 7/11 just means we all- except Obama- LOSE........BIG TIME!
That is puzzling. I have wondered the same for quite a while. All I can think of is that is because of the fact that they export so much. Still, a country that exports tends to like a lower value for their money as it makes their prices more competitive.
The high value of the Yen is a mixed blessing for me because I work for a large Japanese company. That means the labor I provide is considered "cheap" in Yen, But like most Japanese companies, our company is really hurting (loosing bazillions of dollars) so the high value Yen does impact international sales.
"Look Honey. The next door neighbors are nearly two hundred thousand dollars underwater in their mortgage. We are only a hundred thousand dollars underwater. Thank God, we are not them."