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

To: DebtBomb who wrote (27415)	3/13/2010 11:41:33 AM
From: Real Man	Read Replies (2) \| Respond to of 71456

Yes, but things are oversimplified quite a bit by all camps. We are dealing with a very complex global system, and in part external factors are to blame, such as opening of cheap labor countries to market economy. This pretty much necessarily leads to a declining standard of living in the Western world, IMHO. If it is much cheaper to make a widget in China, because a Chinese will work for a bowl of rice, the capital will flow there cause it's profitable. Little can be done to block this dynamics. Yes, Ben attemted to devalue the dollar, so the huge trade gap would shrink, but that effort led nowhere.