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Well it looks as if the diverse reserve banks like to start a degradation race. Simple and convincing idea. Well we just can out of this mess (we have encumbered) with exporting as much as we can. And well they did not say it yet, but are surely working on it. They want to raise the import barriers....
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I work at the college library. So I was at work and my supervisor along with myself were talking about banks and apparently, he tried to stat an HSBC account but was told to call this number only to find out that the woman on the other hand was in Bombay, India. He then decided not to get an account...
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Lately it seems that it has become fashionable on both the Left and Right to bemoan the evils of the trade deficit; however, this penchant for protectionism is founded upon a general lack of knowledge when it comes to economics. Let's examine a few false assertions often put forth by what I like...
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Pat Buchanan's recent attempt to diagnose the sinking dollar demonstrates that ignorance of basic economics is not limited to the left. Buchanan points out the plummeting value of the dollar relative to other currencies and major commodities such as gold ( up 24% this year ) and oil ( up over 50...