Wednesday, June 22, 2011

Comment by Kyi May Kaung, left on Asian Sentinel on "rising kyat"

As Dr. Sean Turnell pointed out, the $ is falling so the kyat "rises".

The $ is falling because of the USA's three trillion dollar and counting war expenditures - and that is only the middle figure of the estimate that Nobel economist Joseph Stiglitz and his co-writer Linda Bilmes made a few years ago.

See my review of Stiglitz and Bilmes' book The Three Trillion Dollar War.

Kyi May Kaung

Monroe pics found at garage sale