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To: ccmay

There are imports besides items from France and Germany. Petrol, strategic metals, coffee, and a world of goods will become more expensive.

Furthermore, international reputation plays a part in business and politics and when foreigners lose big by investing in US Dollars there are negative repercussions.


6 posted on 11/26/2004 6:49:53 AM PST by Monterrosa-24 (Technology advances but human nature is dependably stagnant)
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To: Monterrosa-24
There are imports besides items from France and Germany. Petrol, strategic metals, coffee, and a world of goods will become more expensive.

Only if the contract settlement is done in a currency other then the dollar. Currently 2/3 of all world trade is done using the dollar as the settlement currency.

Furthermore, international reputation plays a part in business and politics and when foreigners lose big by investing in US Dollars there are negative repercussions.

If you are speaking of currency traders then I wouldn't worry about their feelings. They are predators anyway and get what they deserve.

24 posted on 11/26/2004 7:39:24 AM PST by JoeV1 (The Democrats-The unlawful and corrupt leading the uneducated and blind)
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