The fact is I don't even have one cent of savings abroad, don't have accounts at foreign banks, don't have deposits abroad and don't even have any shares in foreign firms, much less hundreds of billions of dollars.
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Put all of your savings on autopilot, and you won't likely notice the missing cash.
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In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
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Put all of your savings on autopilot, and you won't likely notice the missing cash.
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Find $50 a month for savings. No excuses!
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Trade balances are determined by national savings propensities, not exchange rates.
