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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (189515)8/27/2002 11:52:08 AM
From: LLCF   of 436258
 
<LOL, you should come to Indiana sometime, DAK. I'll show you corn and beans until you get sick. Then we can go look at the largest limestone quarry in the world. After that we can drive over to one of the largest coalmines in the world. >

That would be nice if anyone used that stuff... the fact is that a large part of our natural resources and raw materials [sorry, without food of course] are imported and the % has been increasing for decades no?

< But, raw materials and other goods (especially imported goods) are purchased via a system of credits. If the credit system collapses, and cash is king, then prices of raw as well as finished goods will have to fall.>

Not if the dollar falls... let's assume 100% of the copper used is imported. Please explain how price of copper would necessarily fall with a falling dollar given already rock bottom wages in producing countries???

There are some goods that simply wouldn't be transported with much lower prices. I would argue that what could occur is simply imported 'necessities' or basic goods would simply take a larger portion of the pie... since you're not going to do without some of them.

<if the dollar collapses (as I asked a while back, against what?>

And I answered "against anything that doesn't have such a huge supply". When you look at the amount of reserve dollars it's pretty obvious that the dollar could easily devalue further against every other currency in the world at least temporarily no?

< then commodities will not remain stable in price. And certainly not all would explode in price. >

Well, let's continue to watch them... what has the CRB done in the past 2 years???

DAK

DAK
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