BoatBanter.com - View Single Post - Stupid Americans! -- Stupid... Stupid... STUPID!!! __________==___

(Wilko

Typed in Message-ID:

In 1999 the Euro was worth about 0,85 US$, now it's 1,32 US$. If you
think that loss can be made good by increased competativeness in the
world market, I'd like to hear how you think that will thappen. As
things stand now, there is a trade deficit of about one and a quarter
billion US$ a *day* (That's 418 billion US$ in 2003)! No way will

you
make up for that by getting a dollar in freefall.

A small change in value of your own denomination can be good for
international trade, losing this muc

ndicates financial trouble of a
much bigger scale.

Any yet the CIA Fact Book doesn't paint a better picture of the Netherlands.
Negative growth in GDP, and a public debt level that approaches the percentage
of GDP that the US has during a war time economy.
Why are we in deeper trouble that the Netherlands, or any of the other European
countries that are in the same shape?
SYOTR
Larry C.