What do you mean by losing it? Our economy? That's our own damn fault, as we
have discussed many times. Social Security and Medicare are going to
bankrupt us, and through our anti-immigrant policy we are keeping the very
people who could help feed the system well into this century out of the
system.

In the short run, the weak dollar is inevitable, and perhaps even good,
because it will help us get back in the business of selling our goods and
services to other countries. China in particular is taking it on the chin
for oil and other commodities right now by not re-evaluating their currency
against the dollar, but they feel they need to stay more or less close to
the dollar to keep from losing their trade advantage with the U.S. India has
let the rupee appreciate significantly against the dollar, so they are not
getting walloped as much in the international commodities markets as China,
but at the same time they are hurting their services industry's exports. Of
course, that becomes less important as they develop a domestic market for
services, too.

Ultimately, the currencies of the biggest economies in the world need to
come into line with each other. The Europeans are staving off the drop in
the euro with a variety of strategies, but in the end they are just putting
off the inevitable pain of dealing with a stronger yen and rupee, among
others.


On Mon, Mar 17, 2008 at 1:10 PM, denstar  wrote:

>
> ....
> >  For all the bluster about talk about freedom on this list, it seems
> only
> >  those of us who already have it are the only ones who deserve it, eh?
>
> I'm more curious about those who don't care that we're losing it over
> here.
>


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