But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
quote by Martin Feldstein
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Related quotes
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
quote by Robert C. Solomon
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America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
quote by Jo Ann Emerson
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Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
quote by John W. Snow
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To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.
quote by Robert C. Solomon
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Challenging unfairly subsidized products, fighting counterfeit goods and intellectual property theft and holding countries accountable for an unfair currency regime will help American companies remain competitive.
quote by Virginia Foxx
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Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.
quote by Robert C. Solomon
Submitted by Veronica Serbanoiu
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The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.
quote by Laurent Fabius
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If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.
quote by Robert C. Solomon
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Greed Counts Currency
Greed counts currency
While sheer Poverty cries,
With mocking mirth and glee
And a twinkling of the eye.
Greed counts currency
While a Nation slowly dies
Calloused Shame is empty
As Fear closed Freedom's eyes.
Greed counts currency
As in Anger a people cry
The Lust for Power may see
Them give Revolution a try.
............................. ..........................
December 2 2009
poem by Cynthia Buhain-Baello
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All currency is neurotic currency.
quote by Norman O. Brown
Submitted by Lucian Velea
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In the next year or so, my signature will appear on 60 billion of United States currency. More important to me, however, is the signature that appears on my life-the strong, proud, assertive handwriting of a loving father and mother.
quote by Katherine D. Ortega
Submitted by Lucian Velea
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China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.
quote by Virginia Foxx
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The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
quote by Robert C. Solomon
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The Panhandler
The panhandler sits on the street corner.
He asks me, "Spare some change? "
Like an empty vessel, I walk past him.
I see him as another empty vessel.
Some throw him a dime,
But I treat him as a vapor.
My spirit tugs at me.
My mind says he is a ghost,
But my ghost says he is real.
The currency he needs is my time.
He might be looking for his next fix,
But what will it fix?
Another lost soul, looking to get even more lost.
The root of all evil is planting another seed of discontent.
If my God is money,
Your free time has no value to me.
Anything that is free is void of value,
But time is really my only currency.
I only see the value of my own and not another's.
My account has no statement,
For when it is gone,
I will be broke.
I hoard it as if I were broke.
Investing only in myself.
It is why I feel broken.
Some time left in my breast pocket?
It beats to help he who is beat.
Spare time is something I have.
For it really is my true value,
Given from the heart of God.
If I lend some of mine to another,
It makes Him proud.
It is the core of my love.
It is the gift of His love.
He is truly my bank.
I bank on Him,
I count on Him,
I trust in Him.
Currency says "In God We Trust",
But can God trust in me?
Investing my time,
In one who is broke.
The dividend is joy.
The change in the pan will be spent.
Could he be searching for my gold?
I fill another's heart,
I see my investment grow.
With God's currency,
I am truly rich.
Though, I am only on borrowed time.
For the panhandler was just an angel.
God's teller.
Telling God if I made a deposit or withdrawal.
God knows my balance,
As He holds my account.
He knows to which God,
I am accountible to.
And if my spirit is balanced.
poem by Ryan Lee Morris
Submitted by Poetry Lover
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American Bald Eagle
American bald eagle
The American eagle took to flight
Soared into the valley, with its wings of might.
An endangered species it became in 1973
To protect the heritage of you and me.
On our currency and in our hearts
Of the united states it has become a big part.
With a wing span of 79 to 90
And a body length of 35 to 37
And a neck and tail as white as snow
This is something that many don’t know.
The beauty of this bird so rare
Is something that we’re proud to share.
They have been here even before
The birth of the united states
And this is what makes them great
For they survived from the
Destruction of man
And taught us how to take a stand.
So to the American eagle we honor you
In everything that we say and do.
Keep us standing tall and proud
For throughout this world
You do get around.
poem by Louis Rams
Submitted by Poetry Lover
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American Bald Eagle
American bald eagle
The American eagle took to flight
Soared into the valley, with its wings of might.
An endangered species it became in 1973
To protect the heritage of you and me.
On our currency and in our hearts
Of the united states it has become a big part.
With a wing span of 79 to 90
And a body length of 35 to 37
And a neck and tail as white as snow
This is something that many don’t know.
The beauty of this bird so rare
Is something that we’re proud to share.
They have been here even before
The birth of the united states
And this is what makes them great
For they survived from the
Destruction of man
And taught us how to take a stand.
So to the American eagle we honor you
In everything that we say and do.
Keep us standing tall and proud
For throughout this world
You do get around.
poem by Louis Rams
Submitted by Poetry Lover
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The more competitive value of the dollar turned around the trade deficit.
quote by Martin Feldstein
Submitted by Lucian Velea
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And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.
quote by Jon Huntsman, Jr.
Submitted by Lucian Velea
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Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.
The dollar is currently the principal reserve currency in the world.
quote by Robert C. Solomon
Submitted by Lucian Velea
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