Why is the Gov. Bankrupting America..?


	Why is the Gov. Bankrupting America..?

TJColatrella

2-28-2008 1:17 AM

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tags:

bush, republicans, economy, bilderberg group, recession, depression

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a1d8f7f9-abe5-4615-948e-cb583b8e3a45/2DB040C5-A3E1-4A0E-ADBF-7CCC2B4E9FF4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.livingoffdividends.com/2008/02/04/why-the-government-wants-a-weaker-dollar/" href="http://www.livingoffdividends.com/2008/02/04/why-the-government-wants-a-weaker-dollar/" style="font-size: 11px;">www.livingoffdividends.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.livingoffdividends.com/2008/02/04/why-the-government-wants-a-weaker-dollar/"><P>When a Gov’t needs to attract <A href="#" class="kLink"  id="KonaLink1"><FONT color="blue"><SPAN class="kLink">investment</SPAN></FONT></A>, they can do 1 of 2 things.
1. <STRONG>They can raise interest rates aggressively to attract investment</STRONG>, or…
2. <STRONG>they can allow a debasement of the currency</STRONG>, which acts as a clearing mechanism for investments. When a foreign entity buys a U.S. asset, they need to convert their currency for dollars… If dollars are cheap vis-a-vi the foreigner’s currency, they are in essence buying that asset at a discount.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.livingoffdividends.com/2008/02/04/why-the-government-wants-a-weaker-dollar/"><P>As I stated in my last post, the government is <A href="http://www.livingoffdividends.com/2008/02/01/fridays-rant-its-the-government-stupid/">bankrupting our economy</A>. I asked Chuck Butler of Everbank.com “<STRONG>why is the government trying to weaken the dollar and if there was any advantage to having a weak dollar?</STRONG>”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.livingoffdividends.com/2008/02/04/why-the-government-wants-a-weaker-dollar/"><P>Given these two choices, a Gov’t will always choose #2… raising interest rates would bring an economy to its knees… so #2 is the always the choice… and that’s where we are today.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2DB040C5-A3E1-4A0E-ADBF-7CCC2B4E9FF4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>