BRICS: The Whole Is Much Less Than The Sum of the Parts
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  • Jacksonian Libertarian

    “On the other hand, it’s worth remembering that the liberal international that now exists, whatever its flaws, has given poor countries unprecedented opportunities to attract foreign investment and grow rich through trade.”

    How true, to complain about a currency tsunami when you have been manipulating your currency to obtain a price advantage for your exporting businesses is just sour grapes. I continue to believe we should pay off all foreign held US Treasuries ($4.5 Trillion) to provide liquidity to the American Global Trading System and to rebalance the very unbalanced system. I’m sure they would complain about being paid back, because it would mean an end to their currency cheating, and the highly competitive American businesses would enjoy a price advantage for the first time in 4 decades.

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