Originally posted by chanjyj
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The US GDP growth rate of the past 5 years is as under:-
-2008 = 1.7%
- 2009 = -3.5%
- 2010 = 3%
- 2011 = 2.5%
- 2012 = 4.1%
Being the international mode of exchange, the high dollar rates bleed the emerging economies to remain a viable currency.
The only way this can happen is when a war histeria is created over oil producing countries.
There in no way that the US can prevent Iran from going nuclear, it could not do anything to North Korea and it can do very little to Iran. But the US can benifit from the oil "crisis" created as a result of the halabalo over the whole affair, the Sheiks in the gulf emirates are happy and the US dollar remains high and gives the US economy some breathing space to recover.
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