RE:America will attack if its currency is attacked
by Satya on Dec 19, 2007 01:07 AM
I do not agree with such analysis. There were countries and economies before US and there will be economies after US as superpower. And this kind of growth through external currency is showing signs of what you just said. Only few people benefit. So the focus should shift from export oriented to local growth as well.
And more over this problem was not created by any of these countries. It was created by US itself by indulging in printing as much $ as possible because it can. Otherwise there was no reason for these countries to pile up on their forex. And there is no problem in US. They would still insist on printing more dollars to solve its credit crisis and sub-prime crisis.
