I might add that the USA currency is such a bulwark in the Worlds economy that it also is an incentive for investors overseas to invest in the USA. JDN
JD,
You know, I was going to include exactly the same thing in my post, however I thought to myself...
"Hmmm if I say that, surely there is going to be a hard core prophet of doom... er, no I mean, an economist that shall hound me to no end and point out that if the US$$ gets too strong, then our exports would be hurt --in the process trashing whatever company they decide that has "too much export business exposure"-- or something to that effect, [like the Euro HAHAHAHAHA, adreamgonesour.com !!!]
However now that you mention it, I will add this...
There are "on line brokers out there" (mainly Schwab) that make possible accessing (and trading), all US markets, from anywhere, provided you have access to the Internet. I can say without doubt in my mind, that in the near future, once more people outside of the US feel more comfortable about trading on line... they will ride the US markets simply because for the FIRST TIME IN THE HISTORY OF HUMANITY, the rest of the world, (here I mean the ordinary people), will have access to assets that are about a million times stronger than what they have had available in their own countries in the past.
In other words, they will have the opportunity to save in assets that their respective governments can not destroy by their local Robin Hoods, namely, politicians.
What many do not understand is the magnitude of the above, personally I have never "quantify it", however, this is where the charts help me read which stocks seem to be under demand. Once again, my job is to identify and to manage the risk I incurr.
The politicians have been crying "power to the people" while at the same time they have been "sticking it to them" in the name of "the common good"
Well, here comes the Internet, yes I know there is a lot of wackos with their insane "dot.bomb" valuations. Those are real manias...[and boy ! have they paid the price for their crazyness!!], but when the dust settles The Internet will remain and the companies that truly will cater to the needs of a world-wide market will succeed (and the companies who provide the infrastructure for this "world-wide grid" will prosper even more).
Does that mean everything is guaranteed ? Of course not, mistakes can be made (Read LUcretia McEvil).
However, a doom and gloom scenario with world wide financial crises... I highly doubt it...
Particularly if the US debt begins to (and continues to), be paid down and eventually eliminated. THIS IS KEY.
If the debt is kept under control and personal savings is promoted...
My condolences to the hard core "Gold Bug Randians" Galt's Gulch will become Dry Gulch... (and I say this in spite of the fact that I recognize the value of the libertarian thinking... but not as a cult of hard-core wide eyed gold bug or similar). |
