techs
Lifer
Every other country that has propped up its economy using massive deficit spending has eventually had its day of reckoning. The U.S. seems to not have had its dollar drop like other countries who massively borrowed and spent, at least not the free fall that other countries exhibited. Could it be that Chinas currency manipulation, coupled with the other Asian economies which are artificially keeping their currency weak to compete with China, will eventually come to an end. And soon? And is that the reason we have not seen the to be expected freefall of our currency due to massive trade deficits?
And what effect will that have on the U.S.?
And what about the massive outflow of manufacturing and technical jobs that has occurred over the last 10 years? If the global currency market returns to a free market could the U.S. be looking at 40 percent devaluation of its currency? But without the moderating influence of increased exports, since the U.S. has lost so much of its manufacturing base? Could a massive devaluation of the dollar not even help our agricultural exports, since most of them are already government subsidized?
And what about the price of oil? We have been relatively immune from the dollars fall already due to the fact oil is priced in dollars. If the dollar goes down would oil exporters drop the dollar? And would that mean an immediate increase in the price of oil by 40 percent? And would that increase in oil be double or tripled by the rise of the Chinese yuan which would make Chinas citizens (prisoners?) easily able to afford oil and gas due to their strong currency?
Could it be the massive deficit spending is hiding the virtual dismantlement of large sections of American manufacturing? Seems to me that with the dual impetus of deficit spending and the purchasing of our manufactiuring base by the Chinese may be hiding a rot in our economy and that we are really standing at a precipice.
And what effect will that have on the U.S.?
And what about the massive outflow of manufacturing and technical jobs that has occurred over the last 10 years? If the global currency market returns to a free market could the U.S. be looking at 40 percent devaluation of its currency? But without the moderating influence of increased exports, since the U.S. has lost so much of its manufacturing base? Could a massive devaluation of the dollar not even help our agricultural exports, since most of them are already government subsidized?
And what about the price of oil? We have been relatively immune from the dollars fall already due to the fact oil is priced in dollars. If the dollar goes down would oil exporters drop the dollar? And would that mean an immediate increase in the price of oil by 40 percent? And would that increase in oil be double or tripled by the rise of the Chinese yuan which would make Chinas citizens (prisoners?) easily able to afford oil and gas due to their strong currency?
Could it be the massive deficit spending is hiding the virtual dismantlement of large sections of American manufacturing? Seems to me that with the dual impetus of deficit spending and the purchasing of our manufactiuring base by the Chinese may be hiding a rot in our economy and that we are really standing at a precipice.
