The turks prefer dollars over their own lira even in their own country
On 2/8/08, droo <03dakotacc4.7_4x4@comcast.net> wrote:
>
> On Tue, 05 Feb 2008 12:37:29 -0500, Dustin Williams
> <dustinewilliams@gmail.com> wrote:
>
>
> >
> > It's a bit more complicated that it was in the days of the gold
> > standard, but the principle remains the same, print more money and it
> > becomes worth less.
> >
>
> We don't even have to print more money to make it worth less. It just has
> to be outside this country and in someone else's hands. That makes it
> undesirable. No one is going to use dollars in their own country to buy
> anything. So they need to sell it back to the US for another currency
> that the US is trying to get rid of. And because we import more than we
> export, we don't have a large supply of other currency to trade for the US
> dollars. Since they can't get rid of the US money and they can't spend
> it, it just isn't worth anything.
>
> --
> -droo
>
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>
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