Re: DOLLAR COLLAPSE NOW IMMINENT

On May 15, 12:29 pm, maxwel...@[EMAIL PROTECTED]
 wrote:
> test

> Good question. Besides all the "kitchen table debating" that we're all
> doing here--and entertaining all of our personal favorite ideas--my
> basic recommendation is that you need to follow the CYA strategy.

I am a faithful follower of the CYA strategy. It is the only one you
can
truely depend on.

>
> It cuts both ways. If jobs come back to the USA there is a chance that
> wages will go up, or if prices go up they will have to pay bigger
> wages to get workers.

What you describe is text book theory, that is the way it should
work, but that is if everyone competes on a level playing field.
I am concerned that the many will want to deregulate to the
point that the US regulations are like Mexico's. in order to help
the economy. People will justify children working because 3
incomes is better than 2. The downside is an eroded standard
of living.
Europe seems to be doing quite well with a more valuble
currency and higher living standards. I am sure the euro will
fall because as you say they are being hit by the trade and
oil as well.  But when their economy goes down I doubt it
will bottom as low as the US has gone.

Like you say there is a "chance" and I believe that wages
will go up but what 1 income bought back 40 years
ago now takes two. What you will see if less being offered
for the same price. Some will think the buying power is the
same or better but they will be paying for lower quality,
cheap junk like that from China.