Unlike Argentina, we have a vast array of products and services to sell to the world, and all of those things will get a lot cheaper if the US dollar becomes isolated - unless the Chinese maintain enough of the currency peg to prevent us from undercutting them. It doesn't matter, though. We're now at a point with resource availability as a whole that real scarcity of even basic things is coming to the industrialized world. Wealth and population are rising rapidly the developing world, leading to ever-greater demands for resources. The planet does not have an endless supply of resources. So prices will rise.
Global food supplies have been decimated by bad weather and food prices are sky-rocketing right now. This kind of economic shock is the new norm in a world of increasingly scarce resources. In the US we take it for granted that our status and vast resources will insulate us from such shocks, but that isn't the case anymore. We need radically innovative 21st century solutions to the coming problems of scarcity. Too bad we have a bunch of politicians in Washington trying to rehash the ideological battles of the 20th century. On Wed, Feb 16, 2011 at 1:29 PM, Sam <[email protected]> wrote: > > We still sell more exports than all the rest. Can't we work that to > our advantage? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334482 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
