Friday, December 21, 2012

Getting our dollars back

One of the problems with importing so much oil (among other things) is that eventually we have to get our dollars back. There are lots of ways to do that, including by borrowing "from China," selling our goods and services, fobbing off our grossly overpriced downtown buildings, and attracting investment in our businesses. In this case, the Saudis are considering investing in our own fossil fuels industry, which -- for my depreciating money -- is a good deal for all concerned.

CWCID: Maggie's Farm, the morning links post (don't miss the Christmas tree photo, unless you are at work at my company).

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