Jim we have all watched this process of shedding of manufacturing and industrial capacity for years and years, without any apparent adverse affect. Life seems to go on as before, Greenspan's printing press cranked up faster and faster, people borrowing this paper to buy all those good things foreigners are producing.
Remember Greenspan was asked about this, outsourcing and importing of foreign made goods, and he theorized that as long as they accept the dollar, why who needs to manufacture? Besides, we must leave those menial jobs to the lesser world, while we sit back and conceptualize and capitalize. Maybe you are one of those without the capacity to conceptualize? (g)
As long as our leaders are on this path to the New World Order, taking in all those low wage countries, encouraging trade, this problem won't go away, and I too expect the dollar to decline considerably. But I have been expecting that for a long time. The problem is, Japan, China, Europe, etc. like a strong dollar so that they can build up and continue to export.
Btw: Congrats. on your spot in Puplava's weekly broadcast. |
