Greatly relieved to find out that all is lost.
Greatly relieved to find out that all is lost.
Imho.
High US unemployment, and low commodity prices are great news for the multinationals, along with their shareholders. We should see an uptick on profit margins, along with dividends from corporations who’s manufacturing operations are centered in Asia. All bad news come’s with a silver lining.
Our manufacturing is .02 down instead of .02 up, and of course all the good news reflects 5.6% "unemployment".
I long for the days of when printed was reflection of economic activity, rather than government printing in the absence of a real economic recovery.I suppose we are long past the point internationally where printing (QE) money is a bad thing since it is orchestrated by agreement to compensate the currency markets between all nations so that everything remains in check. We may never see an Italian meltdown, or Argentina go broke, all because of the G7 nations using trickle down economic printing....
When I lived in The Netherlands 99-02, Brussels 02-04, I saw the Euro displace national currencies. Immediately, the price when from about .62 cents US in Dutch Guilders to about 68 cents, the same thing happened in Germany and Belgium - this all happened while a candy bar in the Military PX or Commissary was .45 cents. The Candy Bar priced in Euro's rose to about .84 cents US by the time I left Europe for Israel.
A box cereal in Europe was half the size of those in the US but half the price. Today, the price is equal in Euros/Dollars and the sizes are the same.
Essentially, downsizing US consumer products makes a one-size fit all world or globalized standards. Pricing is nearly equivalent, except that today the Euro fluctuates above the dollar and those Euro Cents over a dollar are the only difference in Price.
If the Euro and USD were equal, then the price would be the same - this is the perfect world where the North American Continent and the EU would be symbolic and thus a true trade zone.
How do we finally get there? The US joins Mexico and Canada in a Trade Zone with a new Currency. This will make all manufacturing within the Trade Zone nearly equal in tax codes, price to manufacture, etc. It will take a continued drop in US living standards, and free education as in Europe to train doctors, fewer lawyers, more medical types and dropouts will contribute their time cleaning toilets. The Doctors will make about 10% more than the rest of society. All will be subsidized for live from the cradle to the grave, and as in Europe where Kings and Queens of Old (with their extended families) will live in luxury on the public dime also subsidized - we will have our diplomats, generals, and political class as in Europe.
The END-game.
Have you read this article at MarketWatch...
If you have time, tell me what you think.
5.56mm