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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1226)	10/19/2005 2:27:38 AM
From: elmatador	Respond to of 217711

US case is more serious. While the Europeans have already done the inroads ‘harvesting’ the new members, the US has not done it. Bush Senior “Initiative for the Americas” to create a common market from Tierra del Fuego to Alaska, was left aside by two democrats’ administrations and for the fear –real or otherwise- of the ‘giant sucking sound of the jobs moving South’ articulated by Ross Perot. But time hasn’t stopped. It kept passing. A billion bubble here, a billion bubble there and pretty soon it amounts to real money. That’s how the US has been prodding along. Bubbling here and bubbling there. The controlled withdraw from imperial stretch has been fought hard by the defense establishment and it would have been a severe blow to the populace’s self esteem if the withdraw had been done as it should total pullout. Total recall. But owning the reserve currency has advantages not matched elsewhere too. The FED talks up this currency a bit and the numbers are Enroned and it keeps the belief in place. This, which has been going on for five years now, is not something that is about to abruptly end and come to a halt. It will go on for a couple of decades. Consider the time scale. The gentleman agreement a.k.a Bretton Woods agreement that crashed on August 1972 when Nixon administration decided the US no longer buy gold at a fixed price. And the OECD has prodded along quite nicely. What next? How the flip will happen? That is of the utmost importance to know how the script will play. Europe, Japan and the US can’t grow at a pace enough to drag along LATAM, Middle East, Africa, South East Asia, India, Russia, rest of Asia and China on their coat tails as it was used to be. Will 1.3 billion Chinese, 1 billion Indians, half billion Middle Easterners (awash in oil money), 300 million S. E. Asians, rest of Asia and Russia make an world economy? Will there be a Diaspora of Americans, Australians, Canadians and Europeans cashing in on their chips and moving to where it is convenient and cheaper. Thailand, Northeast Brazil, Caribbean islands...?