The Demise Of The Dollar And What To Do About It

[herkhorse]

Thanks for the post Randall. You have my vote for president.

[GBBob]

I regret that it took a while to find this thread because it is fascinating reading...even for an economic layman. The ticking time bomb in my World is the continuing devaluation of the RMB and the lack of focus that US retailers have given it. All major chains either refuse cost increases or hold "auctions" for low bids and keep assuming that Asia is a bottomless pit of yearly cost decreases. That is so over. The lead paint issues that surfaced this year are just the tip of the iceberg over what will happen in the next 3-5 years as China factories demand currency and labor cost equality. There are three supposedly "immoveable" parties here...the factory, the retailer and the consumer. One is about to give in a big way and everyone will feel the consequences.

I expect exporters will have a good roll.
We have been the ultimate consumer nation
for so long. Maybe this will cause us to save
more and produce more for demand in other
nations.

Lots of technostuff we make much better than
any other country. And I think we are just touching
the tip of the techno iceberg. Little stuff coming.
Nano-technology as one small example could have
a huge effect on so many things. In the field of
medicine no one touches this country.

The number of new machines coming out to measure
so many diff. medical problems. I see a big upside in our
ability here. I could go on. I am a science guy and I
have never seen so many incredible leaps (a few of which
might actually lead to some technological advance.)

I also see the economy of other nations causing huge
environmental problems. China and India are going to
experience serious health problems in their work force.
They might looking for solutions we already have sitting
but no reason to use quite yet.

Oil and inflation could be a long term blessing in disguise.
I feel this will lead to genuine ingenuity in energy.

But I could be very wrong. Nice to see you post again.