Surviving with a negative trade balance
Debunking Economics - the podcast
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Buying Japanese Cars With British Pounds?
British consumers give a japanese company british pounds, which means that it has to convert those if it's going to remit the profits. The British central bank then has additional pounds as part of its foreign currency reserve,. While the Japanese company has additional yen. And i've had this, i with the waren mosler at one stage some some years ago.
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