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

To: DebtBomb who wrote (16706)	1/26/2009 8:44:50 AM
From: oldirtybastard	Read Replies (1) \| Respond to of 71447

I don't think those things depend on the kindness of strangers. When it no longer benefits them they will pull back our lifelines Maybe as a tourist you won't be as likely to get randomly beat up abroad, so I guess that is some benefit -g-

To: DebtBomb who wrote (16706)	1/26/2009 9:22:04 AM
From: Real Man	Respond to of 71447

The situation is a bit different. They can sell our stuff, we can sell theirs. They got 20 Trillion to sell, we got 17 or so. The net difference is about 2.6 Trillion, about 20% of US GDP, as we made some profit "globalizing". We sold a lot of their stuff to pay debt this year, so the dollar went up. -g- In general, we'd want manufacturing back, so we have to make American labor competitive pricewise. It was already last year, so a few foreign and domestic companies wanted to build stuff in the USA.