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

To: Real Man who wrote (11917)9/28/2008 9:33:14 AM
From: carranza22 Recommendations  Read Replies (1) | Respond to of 71454
 
From Eisenhower's 1960 farewell speech, a very wise and ultimately prophetic one:

Another factor in maintaining balance involves the element of time. As we peer into society's future, we -- you and I, and our government -- must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.

The rest of the speech here:

americanrhetoric.com



To: Real Man who wrote (11917)9/28/2008 11:49:45 AM
From: dybdahl  Read Replies (1) | Respond to of 71454
 
I totally agree - but USA still produces things.

I talked to an economist today, who had another view on what made USAs problem. He said that the growing economies in Asia are benefitting the world economy, but that USA is less export focused than Europe, where selling to a customer 200km is considered export, and that's why USA's export hasn't risen enough.

Again, this is a very simplified explanation, but an interesting point of view. What do you think?


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