Posted on 10/13/2013 12:31:40 PM PDT by SeeSharp
Keep in mind we’re really in the realm of hypotheticals here. If the dollar goes down with a THUD, then I don’t think any fiat currency will be all that popular for a few decades. Precious metals or other hard assets will be used for savings. But for short term transactions, the yuan is a fair bet to be a currency of choice.
I prefer your plan B as well. I just don’t thinks it’s going to be on the list of menu choices. In which case plan C: doing what’s necessary to protect you and yours is probably the most prudent avenue to pursue.
I can’t remember who said it , but I think the adage “the best way to help the poor is not to become poor” is operative here.
More seriously, BTW, the USD will continue to inflate as long as the manufacturing base on U.S. soil (different from “U.S.-based” manufacturing) is inadequate. The current economic problem is a result of the debt problem, and the debt problem is partly a result of trade imbalances (and in other part, a result of excessive government spending). The lack of manufacturing is a result of mostly zoning laws/ordinances against new, small manufacturing starts in rural areas (lack of new blood in the business).
Well I can say that American conservatives will decide what will happen about America.
For too long, we have been outsourcing everything.
For an entire generation in fact. Entire factories, upon factories, upon factories have been built in communist China, which the Chinese own by the way, for an (interest) in the resulting goods.
America has been getting shafted bigtime in this, and we have done nothing.
Now we’re at a point of saying enough.
I say bring back American factories.
We tried this mess. All it did was made China very very powerful. And a few Americans wealthy.
Bring back American factories to America.
Now.
Many months ago, fund managers released some word in e-mails to clients about the yuan trading in the Chicago Exchange.
I disagree with this.
We need to even out our trade balance, and we need to start with our (huge) and growing inbalance with China.
Trade with China made sense 20 years ago. Made sense to a point even 10 years ago.
Now we need to bring factories back here.
Now.
The worldly folks behind manufacturing now will bring more of it back here, when working conditions can be like those in China, Bangladesh, etc. Much larger numbers of other Americans will start new, small manufacturing operations, when it is legal for slaves to do so (re. local commie zoning laws/ordinances, etc.).
Thanks.
We need, we really need, to enact defensive trade tariffs.
Just saying.
True, so true.
God help us.
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