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![]() 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: (requires authentication) see the Warbird's Forum at www.warbirdforum.com and the Piper Cub Forum at www.pipercubforum.com |
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