[BlazingArizona]

The article speculates about the disastrous results of a Weimar-style mega-devaluation, while citing actual figures showing a much more modest develation of 25% or so against the Euro and gold. What Asians are really afraid of is that the devaluation that has already taken place will cause us to make more of our own goods, and put Americans back to work doing so.

[Beck_isright]

"What Asians are really afraid of is that the devaluation that has already taken place will cause us to make more of our own goods, and put Americans back to work doing so."

How can we make our own goods when we are willing to sacrifice national sovereignty to allow those poor illegals to do all the work at substandard third world wages? I think you're pipe dreaming.

[arete]

What Asians are really afraid of is that the devaluation that has already taken place will cause us to make more of our own goods, and put Americans back to work doing so.

Oh yeah, the Asians are afraid that we'll suddenly start creating jobs. Good one.

Richard W.

[ninenot]

Agreed.

The only (and it is significant) blockage to growth under your scenario is oil and some other critical minerals which are not available from US mines/wells.

But limiting imports of all other goods while re-employing US citizens to manufacture for export or for in-country consumption is the fastest way to national debt reduction.

[pepsionice]

Whether by accident or caused by the Bush administration...the change in the currency rate is having an effect on the US consumer. US products are cheaper than European products, and we are becoming cheaper against Asian products each and every day. US consumers tend to shop around...and find the best deals. I see no crisis for the US side of the house, we will continue to carry our own economy. Its the Asian house, and the European house...that need to worry. They count on US purchases, and if they don't occur...they have problems. Their consumers also shop around....and if they find American cars or products cheaper...they will buy them. They are the ones in the worst position. Any crisis that occurs...is a non-US crisis.

[Axenolith]

So they can buy which American made consumer products?

Also, I'm not to enamored of a bunch of Sh*tsack Feds and Bankers deciding that I or other Americans should arbitrarily lose 25% of our purchasing power over X amount of time. It might be a little more appealing if, when TSHTF, the average sheeple were sure to go burn politicians at the stake rather than their neighbors who had a little more foresight...