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Originally Posted by SUBMAN1
All of this is music to my ears. Do you realize how much business is up, even for my company, given that people are buying locally now to bolster our industrial base? With a high dollar, all this work would have gone to China. With the low dollar, our industries in the US are now buying from me to install in US INDUSTRY!!!! Not shipping it to China to build them up.
THis country is turning around because of this. Its the best thing to happen to the US in 20 years.
-S
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Yes, that is why it is concluded that the weak dollar is intentional. And again, all the rest of the world from china and it's loss of billions and billions in value from it'S dollar reserves, to european workers loosing their jobs from european industries moving out and into the dollar sphere, pay the bill for america. Effectively, America just exports it's problems. and the debts of American householfs - get financed from taxpayers in foreign countries. Great - why don't we just pay taxes to the US directly.
It is unreasonable to assume that others will accept to pay these bills forever and ever. They simply cannot afford it, and american promissory notes are nothign wolrth anymore. That is why they will give ip their dollar reserves (in fact already have made first movements into that direction). This will not only feed back onto America, but will mean a major recession and stockmarket breakdown worldwide.
So, in the end the whole world is brought into troubnpe becasdue one country does not do it's homework, and still insists on spending mroe than it can afford, and still carry on living on tick. Thank you, america - europeans probbaly will not have the spine to kick you for that economic crime. But Asia will - promised: they have learned their lesson from the late 80s to mid 90s. And as said: chiana simply cannot afford to loose billions and billions by simply keeping the american disease endlessly alive.
If an apple costs 1 taler, and you have three taler, how many apples can you buy? According to american economists, between 6 and 8, plus weapons and wars.
Mathematics are also just a relative thing, and "healthy reason" seem to be a contradiction in itself.