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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (6343)	4/19/2008 2:03:51 AM
From: dybdahl	Read Replies (1) \| Respond to of 71475

No matter how you do it, it means exporting more and importing less. USA has had a huge party the last couple of years, consuming a lot without paying for it. Other countries want the money at some point. So, what you're basically saying, is that USA should be able to pay less for imported products than world market prices, and export at world market prices or more. I'm not sure that the rest of the world agrees on that. I'm quite sure that any attempt by USA to use other pricing than world market prices would mean that many U.S. companies would soon face export problems. I'm quite sure that the standards of living for ordinary americans would drop very, very fast if USA starts to violate WTO rules significantly. The thing that will get USA "out of here" is work more, consume less. More taxes is part of this.