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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: TobagoJack who wrote (43224)11/29/2008 12:49:54 AM
From: elmatador  Read Replies (2) of 217561
 
Nothing new: The world is tired to carry the US on its back and subsidize their standard of living.
Message 17693999

The world economy has been drained of capital to a point which has impaired countries and companies to carry business on:

"...US current account deficit, requiring net capital inflows (at the prevailing exchange rate) of at least Dollars 400bn (Pounds 275bn) every year..."
See my posting of May 11th: Message 17454909

The US is siphoning capital from all corners of the world to keep the economy afloat and finance its deficit. This is an untenable situation which is not going to stay forever. As long as foreign currencies are being battered by small boys at Moody's or S&P the capital will keep flying into the US, but this is not going to be the situation which will be kept for much longer. The whole world would benefit from a total adjustment of the US economy and a flight from the dollar. This is ultimately necessary for the whole world good.

The world is tired to carry the US on its back and subsidize their standard of living.
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