Re: Estimating the surplus\Doug's question\Fred's comments

[Mike Ballard <swillsqueal@xxxxxxxxxxxx>]

Thanks again, Jim.  If you ever get to Perth, we'll
have to have a Coopers ale (or three) at the Brass
Monkey.  I can bring my "Little Red Songbook".  Comes
in handy after a few ales and hearty.

So, there is an excess of money in circulation
relative to the other currencies of the world.
Increased supply, decreased demand and therefore lower
price for the US dollar.  I get it.

When you refer to the others outside the US and their
unwillingness to lend, is that the same thing as those
others buying up US bonds and other pieces of paper
which represent some future or current exchange-value
and their unwillingness to risk these purchases at
this moment in time?

Again, thanks for your time,
Mike B)


--- "Devine, James" <jdevine@xxxxxxx> wrote:
> "an excess of money in circulation" if anything
> means inflation. But that's something that's not
> happening these days.
>
> The fall of the US dollar is due to an excess of US
> dollars in circulation relative to the supplies of
> other currencies (rather than there being too much
> money over-all). The excess of US$ comes from the
> practice of excessive borrowing by US consumers,
> corporations, and (now) the government and the
> shrinking willingness of those outside the US to
> lend.
>
> I knew there were Wobblies in Australia, but I've
> never met one.
> Jim

other posts leading up to this one deleted for brevity....

=====
*****************************************************************
So long as little children are allowed to
suffer, there is no true love in
this world.

ISADORA DUNCAN
"Memoirs," 1924
This Quarter
Autumn 1929

http://profiles.yahoo.com/swillsqueal

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