As has already been said, one problem with the dollar falling against other currencies is the increase cost of imported goods and services. America has been blessed with a wealth of natural resources like water, oil, coal, trees, etc. America has also been bless with good climate and soil needed to product an abundants of food like cattle, chicken, corn, wheat, etc. Still, America does not have everything she needs to be an island unto herself.
The good and services produced in the USA often require key raw materials that cannot be found in the states. These raw materials cost more as the US dollars weaken against other currencies, like the yen, sterling pound, ruble, etc. In order to compete internationally for these key raw material will require more and more dollars as the dollar weakens, increasing the cost of good and services to ordinary American like you and I. One of the main raw material that the US is dependent upon is petrol, so any cost increases for petrol due to a weaken dollar, relative to other currencies like the yen or pound, will add to the cost pressures already in play form an international imbalance where supply is not meeting demand, pushing up the cost of every good and service to you and I consume. We live in an international global economy and compete with other countries like the ME, China, Southeast Asia, South America, Africa, etc, and in buying good and services in a global economy, the US must match the number of dollars paid for a product with the purchasing power the seller would gain in his hand, if he sold the product for yen, or some other currency, for example. Increases in deficit spending, national debt, and excessive direct foreign investment in the US (eg DFI) do have consequences over the long haul, and could lead to run-away inflation or even a complete meltdown of the US economy. Regards, LelandJ [EMAIL PROTECTED] wrote: >> When the dollar is weak against other currency, US assets like land, >> housing, factories, financial institutions, and buildings become >> attractive investment targets by foreign companies and wealthy >> individuals like ME oil barrens. The US could win all the preemptive >> wars in the world, but they would be hollow victory ,if it lead to our >> country being sold out to foreign companies and foreigners of immense >> wealth. >> > > So it would be better if assets like real estate, etc. were priced high... it > would also be priced high for US citizens... like taking away the American > dream of home ownership. We can deal with foreign investment the way many of > our competitors do.. but we are so greedy, we want their money so we take it > and give away our birthright. Go down to Mexico and try to buy some prime > real estate as an American citizen! > > Freedom and openness are what we stand for in this country, but it should not > be applied to those from outside who have interests other than our own. > > So, if we get some common sense in dealing with foreign nationals... what > would be the problem. Jacking up the prices is not the answer. > > Larry Miller > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
