But we sell the high end stuff that the rest of the world needs. China sells crap like toys and cheap plastic thingys that hold a sponge to your sing. If crap gets expensive we don't buy it from them. We only buy it because it's too cheap not to have it. We can also easily manufacture crap, we just don't have slave labor here so we would charge more for it.
In reality we still hold the cards. . On Wed, Feb 16, 2011 at 5:26 PM, Robert Munn <[email protected]> wrote: > > Unlike Argentina, we have a vast array of products and services to sell to > the world, and all of those things will get a lot cheaper if the US dollar > becomes isolated - unless the Chinese maintain enough of the currency peg to > prevent us from undercutting them. It doesn't matter, though. We're now at a > point with resource availability as a whole that real scarcity of even basic > things is coming to the industrialized world. Wealth and population are > rising rapidly the developing world, leading to ever-greater demands for > resources. The planet does not have an endless supply of resources. So > prices will rise. > > Global food supplies have been decimated by bad weather and food prices are > sky-rocketing right now. This kind of economic shock is the new norm in a > world of increasingly scarce resources. In the US we take it for granted > that our status and vast resources will insulate us from such shocks, but > that isn't the case anymore. > > We need radically innovative 21st century solutions to the coming problems > of scarcity. Too bad we have a bunch of politicians in Washington trying to > rehash the ideological battles of the 20th century. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:334483 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
