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bbeennthumbs up for this"Also note that the US has the reserve...

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    02/12/12
    22:22
    Post #: 11137150
    bbeenn

    thumbs up for this

    "Also note that the US has the reserve currency and thus in effect can export (temporarily) much of the consequences of inflationary monetary policy."

    - it would seem you got more thumbs down - pity

    the only reason why we here in Australia haven't felt the pain (yet) is because of our terms of trade (mining boom) hence dollar cross rates. When things stop booming watch out for the tsunami of inflationary pressure from the US.

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