Date: Tue, 23 Nov 2004 19:15:06 -0700 From: "John P. Mullen" User-Agent: Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.7.2) Gecko/20040803 X-Accept-Language: en-us, en MIME-Version: 1.0 Newsgroups: soc.culture.japan,soc.culture.scottish,fj.life.in-japan,soc.culture.irish,soc.culture.korean Subject: Re: Promote Peace: Boycott USA goods References: <52d3f97e.0411212013.7111438b@posting.google.com> <1wtod.48644$7i4.31262@bgtnsc05-news.ops.worldnet.att.net> <41a29357$0$24335$a8266bb1@news.titannews.com> In-Reply-To: Content-Type: text/plain; charset=us-ascii; format=flowed Content-Transfer-Encoding: 7bit NNTP-Posting-Host: ras02-216-31-91-10.lru-dial.zianet.com Message-ID: <41a3eea0@nntp.zianet.com> X-Trace: nntp.zianet.com 1101262496 216.31.91.10 (23 Nov 2004 19:14:56 -0600) Lines: 44 Path: ccsf.homeunix.org!ccsf.homeunix.org!news1.wakwak.com!nf1.xephion.ne.jp!onion.ish.org!gcd.org!news.yamada.gr.jp!newsfeed.media.kyoto-u.ac.jp!solaris.cc.vt.edu!news.vt.edu!news.gmu.edu!news-pen-1.sprintlink.net!nntp.zianet.com!not-for-mail Xref: ccsf.homeunix.org fj.life.in-japan:22358 Rykk wrote: > >> in article 41a29357$0$24335$a8266bb1@news.titannews.com, Ian Smith at >> ianinhoose@btinternet.naespam.com wrote on 11/23/04 10:47 AM: > > >>> The entire world (the other 94%) doesn't have to use dollars, and >>> it certainly wouldn't be the end if the dollar collapsed. The people >>> of America should realise this. However, I'm not anti-American, and I >>> continue to buy their products/services. They have achieved much, and >>> many can learn from them. It doesn't make them perfect, though. The >>> question is, can they/are they willing to learn from the rest of the >>> world? > > > As I said. Many countries currencies are Pegged to the dollar. That > means for every point the dollar goes up or down, that countries > currency goes up or down automatically by the ratio they pegged thier > currency at. > > If you don't think a depression in the US will lead to a depression > everywhere else. Read more history. > > The US is a significant percentage of the World Economy. Other > countries with large Economies, Such as Japan have a significant amount > of their economy invested in the US. Hurting the US hurts these > countries. Ruining the US economy won't be be the end of the world. > But then again. Neither is drinking from the toilet. You just won't > feel very good afterward. > > Rykk Interesting theory, but no relation to facts. Here are some facts http://www.x-rates.com/d/EUR/USD/graph120.html It seems like nobody tracks to the USD. It also seems the USD is falling with respect to most currencies. John Mullen