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To: familyop
How long can a nation administer so much business that actually happens elsewhere?

That affects the US too - especially since the US$ as reserve currency has benefitted the US greatly in worldwide transactions they have no involvement in. The US is still bigger than Britain in direct business involvement, but it doesn't dominate the scene in reality the way it did several decades ago. The degradation of the US manufacturing sector especially has seen to that.

6 posted on 09/16/2007 5:10:30 AM PDT by Androcles (All your typos are belong to us)
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To: Androcles
The manufacturing sector is bigger than ever. They are just not mking things than anybody and everybody can make.

A run on banks would reveal that 90% of the money we transfer electronically doesn't even exist in bills.

7 posted on 09/16/2007 6:15:49 AM PDT by ClaireSolt (Have you have gotten mixed up in a mish-masher?)
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