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13:54
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Originally posted by arsenic:
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Yes, well illustrated. It's a manifestation of the "Dutch disease'.* If one's country's currency is too high for too long manufacturing becomes uncompetitive and goes overseas. I think the people you talk to explain it very well.
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5 decades of US exporring USTs and not much else apart from wars for "democracy" aka cheap oil and defense of petrodollar are coming home to roost.
(20min delay)