it's a scam, just another scam. everyone wants to be insulated from rising commodity prices when the dollars declines, but it can't happen because the world is far too interconnected now. allow the us dollar to sink without say, changing oil prices denominated in sdrs and you will see a huge recession in the us that will clobber manufacturing, and both events will trigger a collapse in the price of commodities.
the chinese government is trying to make its own citizens wealthier using the us and europe to drive the chinese economy. having discovered that they made a devil's bargain with the us when they took on so much us debt and pegged their currency to the us dollar, the chinese leadership have decided, in effect, to push for sdrs to isolate the us currency, ultimately surrendering most of the monetary gains represented by the us debt they hold. the shock of such an act ,would badly damage the us economy, leading to another global collapse - unless rising demand in china, india, russia, and brazil keeps the rest of the world at work. if that happened, the us would end up like argentina, unable to purchase oil and other commodities on the international market. the inability to meet the demand for oil would force a radical shift in the way americans live. us military power would be greatly reduced, and a rise in global piracy would follow, causing havoc with the global economy. in short, there is no easy way out of the current predicament in which we find ourselves. the human race has become a super-organism straddling the globe like a vast ant colony, everyone connected to everyone else by the modern world. we have to figure out how to survive together as a species or we are all screwed. On Mon, Feb 14, 2011 at 6:56 AM, Vivec <[email protected]> wrote: > > Sounds awesome for the rest of the world. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334476 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
