posted on Sep, 24 2007 @ 10:57 PM
When the dollar is low, mountains of money are made on exports and the tourist trade. When the dollar is high exports and the tourist trade languish
to some extent, depending on what it is you are selling, but a high dollar presents a good opportunity to pay down some of the national debt, thereby
reducing carrying charges on said debt.
I live in Toronto, but I haven't heard that chorus of happy voices clamoring for a pay-down orgy on the debt. Somehow I don't think those voices
will be raised. Paying down the debt isn't glamorous, plus it requires thinking more than one step ahead, which is like a "whatever, . . . so
boring, notion. I mean, thinking itself . . . ugh!"
Usually Prime Ministers who reduce the national debt have to be ruthless and sneaky SOB's who really know how to misle the public and treat them like
the lunkheads they are.
[edit on 24-9-2007 by ipsedixit]