[Marxism] Deficits, the Dollar, and IEDs

[Yoshie Furuhashi <furuhashi.1@xxxxxxx>]

"Deficits, the Dollar, and IEDs" (Bill Gates, the world's richest
man, is now betting against the dollar.  "I'm short the dollar," says
Gates.  "The ol' dollar, it's gonna go down."  Will the dollar be one
day the target of attacks by hedge funds?  Recently the dollar
rallied a bit, but short-term fluctuations aside, the dollar has
nowhere to go but down.  Gradually or suddenly and precipitously?  It
may be possible to engineer gradual devaluation of the dollar and
stimulate US export, shrinking the US trade deficit, but it turns out
that "the US does not have adequate manufacturing capacity to
eliminate the external deficit," according to David Hale.  That means
that the US power elite will demand that the US working class reduce
consumption to haul the multinational ruling class out of the abyss
of the US current-account deficit, at the same time as forcing the US
working class to make greater and greater sacrifices as IED fodders,
sinking further into the quagmire in Iraq. Can American workers fight
back?) -- FULL TEXT:
<http://montages.blogspot.com/2005/01/deficits-dollar-and-ieds.html>.
--
Yoshie

* Critical Montages: <http://montages.blogspot.com/>
* Greens for Nader: <http://greensfornader.net/>
* Bring Them Home Now! <http://www.bringthemhomenow.org/>
* OSU-GESO: <http://www.osu-geso.org/>
* Calendars of Events in Columbus:
<http://sif.org.ohio-state.edu/calendar.html>,
<http://www.freepress.org/calendar.php>, & <http://www.cpanews.org/>
* Student International Forum: <http://sif.org.ohio-state.edu/>
* Committee for Justice in Palestine: <http://www.osudivest.org/>
* Al-Awda-Ohio: <http://groups.yahoo.com/group/Al-Awda-Ohio>
* Solidarity: <http://www.solidarity-us.org/>

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