[lbo-talk] [Fwd: Why the World Needs a Weaker Dollar]

Doug Henwood dhenwood at panix.com
Sun Nov 21 11:08:26 PST 2004


Miles Jackson wrote:


>I don't get something about this economic arrangement: what's to
>stop China and Japan from gradually shifting their assets from
>U. S. bonds to other assets (say, euro-bonds)? Couldn't they
>at least use the threat of this for political and economic
>leverage? What's the U. S. gonna do, invade China and force
>them to buy back Treasury bonds?

Well that's the big question. But I have a hard time imagining the U.S. conceding to being structurally adjusted. It's going to be interesting.

Doug



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