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To: Amerigomag
Well, if the dollar falls another 40% against the Euro as this theory goes, European imports to the US would essentially drop to zero. What is the EU going to do without being able to export to the US? They have no internal consumer economies of their own to consume the goods they produce, where will they send them?

Also, where will all these Euros come from? The EU would have to start issuing Euros to exchange for all the dollars being repatriated.

If this concept were indeed an engineered scheme by Iraq and the EU to destroy the US economy, while at the same time using domestic terror against us, I certainly would support it using the military to thwart it. And so would most Americans in the face of an economic depression.
18 posted on 03/09/2003 4:52:50 PM PST by oceanview
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To: oceanview
Another 40% ? This is just as ridiculous as the arguments I listened to in 2000 that the Dow will go to 30 000, when the basic trend lines were showing a major decrease coming. I forcast that one back then, even ridiculing those talking experts, who, just like now, use hype to "sell" their stupid positions for gain. Just look at the economic condition of the countries using the Euro. They are close to bankruptcy already. You believe the 40% theory. I have Swampland in Florida to sell you.............
21 posted on 03/09/2003 5:09:10 PM PST by americanbychoice
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