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Buchanan on the dollar today.
Sinking currency, sinking country
http://www.wnd.com/news/article.asp?ARTICLE_ID=58476
Secretary of State Rice has acknowledged a communique from Israeli foreign minister Tzipi Levni which requests that all foreign aid payments and loans from the United States be made in Euros rather than in Dollars. Foreign Minister Levni cited the rapidly declining dollar and it's disfavor as a world currency as reasons for the request.
"In the spirit of Yom Kippur, the United States will not hold Israel to any agreements obligating them to accept Dollars as payment for their foreigh aid. We will translate our obligations into Euros or whatever currency that best fits Israel's needs" Secretary RIce said in the Friday, Sept 21 announcement.
"We need to place our Israeli obligations at the top of our national prioriy list. Israel should not suffer any inconvenience due to currency fluctuations" said Rice before heading off to Camp David.
A similar request from Egypt was declined last week.
http://fufor.twoday.net/stories/4290345/
This is outrageous. "Give us aid, but not in your currency." And I wonder why Israel's request was granted, but Egypt's was denied...
Buchanan on the dollar today.
Sinking currency, sinking country
http://www.wnd.com/news/article.asp?ARTICLE_ID=58476
because we are michael vick and israel is our pitbull.[I]This is outrageous. "Give us aid, but not in your currency." And I wonder why Israel's request was granted, but Egypt's was denied...
Electoral votes:And I wonder why Israel's request was granted, but Egypt's was denied...
New York -- 31
Florida -- 27
Michigan -- 17
Israel wins, 58-17.
I think I'm the only one here that thinks the long term effect of the declining dollar is a good thing.
Now Gisele's out of the dollar
http://www.bloomberg.com/apps/news?p...diY&refer=home
Currency expert that she is.
Not true WC. I also think it may be a good thing in the
long run. It certainly will help our balance of payments
that everyone seems to think are so bad.
Our exports should go up as the dollar goes down. It
will help our employment, which is a all time high right
now.
That's much of my take on the situation.
Foreign investors may pull out of T-Bills and the likes, forcing us to balance our budget better too!
The only inflationary hits we will have is on imports. Bringing jobs back here is most important to me. Supply and demand of labor should raise the quality of life back up for all.
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