Word: traded
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Dates: during 1970-1979
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...trade deficit will diminish this year, but the dollar will remain weak against the mighty German mark and Swiss franc...
...economic problems were greatly aggravated by the expulsion of 200,000 ethnic Chinese in the past nine months. The Chinese were targeted because of their wide spread involvement in the black market; but they constituted Viet Nam's major entrepreneurial class. They managed the rice trade, the major ports, the distribution systems and several key industries-notably coal...
According to the refugees, one of the most striking recent changes apparent in Viet Nam is the corruptibility of middle-level party officials. Revolutionary zeal has given way to a cynical exploitation of Viet Nam's economic problems. Corrupt Communist officials have moved into the black market trade once operated by the ethnic Chinese. All of the Red River delta's major arteries south of Hanoi feature Communist-run "floating markets" that offer goods stolen from ships or directly off the docks at Haiphong. Conspicuous consumption among Communist officials has become so flagrant that Premier Pham Van Dong...
Because U.S. growth will be sluggish this year, imports are expected to decline. Exports should rise because the cheap dollar makes U.S. cars, jets, grain, and other goods bargains in international markets. Those factors should trim the nation's trade deficit from a horrendous $28.5 billion last year to a merely very bad $22 billion this year. But the dollar probably will remain weak for a variety of reasons: a surfeit of $600 billion in greenbacks is sloshing around the world as a result of inflationary excesses; foreign governments are weary of spending their own currency to support...
Goldman is co-author of "Dope Incorporated," a recently published book which documents a British intelligence trade conspiracy and which likens major Zionist organizations to the Mafia...