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Verner Steven
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One would have to ask: Is the government debt serviceable in U.S Dollars or in the currency of the country who owns it/where the person resides? For example, china keeps their currency low because they get more of their currency for each one of our dollars. Would the difference with the worth of our exports(the rise in income from being able to keep or even lower the price for our exports and still maintain or increase our profit margin) off set much of the problems you refer to?
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Nov 5, 2012