The dollar's nosedive: a problem for the whole world

[Skybird]

that numbers of yours i have relatives by several analytical essay now, Subman. Ignoring it on and on does not make their validity go away.

Seen from a financial-economical perspective, there is no reason at all to be jealous at the US. Fifty years ago - yes. Today: no-no.

and what you also do not realize is that for a nation of America's size and population - you perform poor, and much if not all of your "growth" is not coming by producing more, but by 1.) increases in the non-producing service sector, 2.) mostly supported by low wages that employes cannot use to make a living and secure their future. at least the same problem we do have in Germany. that way, unhealthy economic structuzres get installed, that do not really help to produce social safety for employees. and from here we could close the circle to the term "the living poor", but that discussion we also already had.

I do not wonder why your GDP is so low, Subman. I wonder why it is not incredibly much higher, what should be expected from a nation of your size. the answer is: loss in production capacity, and uncompetitive productivity in the remaining heavy industry you have. the jobs lost there, shifted to the low wage sector, and the service sector that produces not really anything. And from having been a strong supplier of finances and goods, you shifted towards becoming a natioin that consumes more than it can afford, financially, and that can no longer supply by itself the goods consumed by the national, since it is lacking the national production capacities - we do not talk about raw materials, but product qunatities.

read the essay again, it gave examples.

Wake up , America, and get healthy again. Yopu live on tick, and excessively consumes more than wjhat you can afford, while loosing productive potentials of your own. the longer you lie to yourself, the more misery you do not only create for yourself, but for all others as well. And that will hardly increase global sympathies for you. Some factions out there are not as fogiving as Europe is towards you, for reasons of cultural closeness. when your disease becomes too expensive for china, they will let you fall. And that means a terrible crash for you, and us as well. Always living on tick and think that others will accept that forever, is not a reasonable strategy. It is madness.