No one knows what a dollars
worth, but we know that as the Euro goes up, the dollar goes down, and 70%
of our dollars are overseas. We are about as set-up as we were before the
depression hit.
Huh?
The euro goes up, the euro goes down. It's been down for years and is
now up a bit from its day-of-issue exchange rate.
The Great Depression was mostly brought on by beggar-thy-neighbor
tariffs, notably the Smoot-Hawley trade bill. In other words, if you
want a depression, you're more likely to get one if you vote for one
of the current crop of Democratic contenders.
all the best -- Dan Ford
email:
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see the Warbird's Forum at www.warbirdforum.com
and the Piper Cub Forum at
www.pipercubforum.com