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

To: carranza2 who wrote (25292)	12/7/2009 3:45:26 PM
From: Real Man	Read Replies (1) \| Respond to of 71456

Yes, and while the answer is relatively simple, it does not deserve a Nobel Prize - it's impossible. Time and Price is the only option, and China/India will have to grow rapidly (another "Asian miracle") until their standard of living rises enough to offset the benefit of cheap labor. The Western world will suffer slow (to none) economic growth. IMHO.

To: carranza2 who wrote (25292)	12/7/2009 8:29:00 PM
From: GST	4 Recommendations Respond to of 71456

<globalization has been a disaster for the US> Globalization has given the US a 'free ride' -- although the free ride applies to fewer and fewer people over time. We live under the illusion that the rest of the world is eager to work cheap for us -- that the rest of the world is composed of uneducated people who have no choice but to do our work for us. Now we are learning that it is not the case. Our ever slipping relative educational advantage is taking its toll. Our dominant dollar is no longer so dominant. Our military now looks as ineffectual as any military given an impossible mission. Our government is broke. Globalization means earning a living in a competitive world -- we thought it meant just the opposite.

To: carranza2 who wrote (25292)	12/7/2009 8:47:31 PM
From: axial	3 Recommendations Read Replies (1) \| Respond to of 71456

C2, globalization is a rolling wave. It attacks one country after another, where workers and legislators actually compete for the work - and in the process, get lower wages and benefits, while the host jurisdictions offer incentives and tax breaks. In the end, everyone gets cheaper shirts, computers and other goods, but the working class that originally made the products can no longer afford them. So we all get cheap shirts, and only a few have a job at which they can be worn. Are cheap goods worth the cost? Globalization has been a giant sucker play. The wave will never stop until the middle class has been wiped out worldwide, and "working people" everywhere are corporate serfs. That is precisely what labor has been predicting for 20-odd years. But it's not just happening to labor: it's gutted the ranks of management and industry, too. The fiction is that globalization brings benefits to everyone: so it does, in terms of product cost. In terms of viable economies? Not. It wasn't so long ago that news emerged: India is now outsourcing software development to Mexico. So the wave rolls on. One country after another - with its desperate workers - seeks to outperform the next in the name of corporate profitability, while corporate interests bankrupt national and public interests. Jim