Re: DOLLAR COLLAPSE NOW IMMINENT

On May 12, 12:12 pm, maxwel...@[EMAIL PROTECTED]
 wrote:
> On May 12, 9:07 am, Stray Dog <straydog2...@[EMAIL PROTECTED]
> wrote:
>
> > Dollar collapse....would be wonderful. Millions of jobs would come
> > back to the USA. Both prices and wages would go up, so there would be
> > a net positive effect.
>
> > Already, ex****ts are up and tourism -- to the USA -- is up. Next boom
> > will be foreigners with money coming to buy houses (maybe for
> > themselves).
>
> > Dollar collapse...bring it on.
>
> You seem to forget the effect that a dollar collapse will have
> on inflation.  Checked the price of gas, copper, alluminum,
> food lately?

There was a WSJ article a few days ago and in it half of the
economists polled said it was all due to demand from India and China.

That dollar collapse has been also (you are forgetting) led to much
increased ex****ts out of the US, decreased im****ts (both good for OUR
economy), and inducing a rise in tourism in the USA (where foreigners
spend money here) and a decrease in US people going abroad (because
everything elsewhere is more expensive).

 It can get a lot worse all the while your wages
> are held flat while your benefits are taken away by republicans.

Oh, I think the blame should be placed on the shoulders of CEOs much
more than the Republicans (who feel that what is im****tant is to make
rich people happy and forget everyone else).

> I prefer the US not be like a 3rd world nation.

I don't want to give up my car or my air conditioning in the summer or
my heat in the winter, but I'll make a big bet with you that next year
and the year after there are going to be a lot of small foreign-made
cars being sold in the USA for less money than regular cars made in
the  USA, and a bunch of peeple are going to be buying them.

I see a lot of other bad trends that are going to be bad for people at
the lower 2/3 of the socio-economic scale in the USA.