Lehman falls, Meryll globbed up!.. US govt takes unprecidented steps to take out all the bad loans of its country on its books. Clap! Clap! responds its citizens.
But when i say it is "its books", who's books are they? Who is paying the ultimate price? Along with, it raises many questions like how does US finance it? , its accountability et. al.
What it feels at the end of the day is, US cares a damn about all these things. It just knows to print dollars and dump them into the world's economy. Almost similar to how u dump ur used tissue into the dusto.. It is upto the world how to stabilize the $$. Mostly, it is Indians and Chineese (the two major exporting countries) who end up eating all the dust!. They try to maintain the exchange rate by forceful intervention of buying dollars to save their export industries. These two countries act as butress to the US economy and its only when we crash that the US crashes. And probably, still the US can survive as all the commodities are traded in $$ - An atificial demand creator, Eventhough all these commodities are produced outside US viz. oil from Gulf, rice from India etc.
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