We still sell more exports than all the rest. Can't we work that to our advantage?
. On Wed, Feb 16, 2011 at 4:18 PM, Robert Munn <[email protected]> wrote: > > 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. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:334477 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
