[Marxism] Japan said to warn of huge dollar selloffifdropcontinues

Marvin Gandall marvgandall at rogers.com
Mon Dec 6 08:13:06 MST 2004


Patrick Bond wrote:

>  In a message dated 12/5/2004 9:49:28 PM Pacific Standard Time,
> > marvgandall at rogers.com writes:
> > Different interests are at play. The US wants to let the dollar float
down
> > to weaken the advantage its competitors enjoy in world markets, and to
> give
> > its corporations pricing power at home.

PB:

> Surely it depends on whether it sets off other contradiction-ridden
> processes of interest rate increases, recession, debt servicing problems
and
> renewed geopolitical tension.
-------------------------------
Yes, of course I agree, as my reply to JoeD noted. But we don't know, and
will probably only know in retrospect, whether there will be a dollar
collapse or a managed dollar decline.






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