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Call it the benefits of international prosperity redistribution as a result of the falling value of the greenback (a mouthful I know, but swallow that doughnut and follow alongside). In effect, Brazilians, Europeans and South Africans are subsidizing our domestic usage. Nations that insist on ‘pegging’ their currencies to the dollar- China, India and korean casino, for example- are bearing the brunt of U.S. financial policy. We are exporting our inflation to them.
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