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Why would you believe that our standard of living will take that serious of a hit?

It already has. Wages are deflating like crazy all over the place, but especially in the tech industry.

Now there are many nongovermental organizations, NGOs that are working 24/7 to erase Americas borders, "harmonize" our wages and standard of living downward to match third world countries, and create regional economic zones. In our hemisphere the bigs ones are the Council of the Americas, and the Organization of American States. They are working through NAFTA and the FTAA to create an open border hemisphere.

Now why would our standard of living have to drop if globalization continues? Well, if you open the border to countries where the standard of living is far below ours, you will see a flood of people from that country entering ours so that they can raise their own standard of living. If you "harmonize" our standard of living downward, so it more closely matches those other countries in our hemisphere of open borders, you won't see such a massive migration of people to the US because it won't be as economically attractive.

Now, do you think the our economy is managed at this level? You bet. The proof is with the white house amnesty proposal. The globalists are attempting to mitigate the migration problem before the scheduled border dissolution with the implementation of the FTAA in 2005.

...Wages are deflating like crazy all over the place...

Why, from the 1970s until recently, were we enjoying fabulous growth and standard of living increases? Before you answer, remember many job were done away with during this time period, much from manufacturing. Could this all be cyclical boom and bust cycles.? How come? Maybe we need a long-term stagnation trend. The way I see it, some us Americans (including many that post here) could use some toughening up. Harder times may also inspire less government dependence, then again maybe just the opposite will be inspired. We'll probably find out just what we're made of though.

Well, private industry competing in a global economy does not equate to a global currency, or a global government.

In fact, quite the contrary.

Acme Cog can sell widgets in Italy just fine without no stinkin government intervention.

That's what a real free market is all about.

Let's not let the liberals obfuscate the meaning of freedom once again.