[Grovenet] Gas Lines are not fun
Ron D'Eau Claire
ron at cobi.biz
Wed Jan 30 08:55:08 PST 2008
David wrote:
The "crashing value of our money" will improve the competitive
position of American manufacturers and exporters, which has the
potential of employing American workers. It may also cause us to
adjust our appetite for imported energy
-------------------------------------------------------
Just what do we make to sell others? We don't make much of anything any
longer, certainly nothing that others aren't making too, and usually at a
price and standard of quality we can't even begin to compete with. That's
why our stores are stuffed with foreign goods.
What cheap currency does to the USA is the same thing it does to all
struggling countries. It encourages us to sell our assets to other nations:
our trees, our coal, our ores, our crops - anything that can bring in some
dollars to offset part of the huge debt we're running up buying everything
from refrigerators to TV's to cars to pencils. Eventually we go broke as we
run out of things to sell except food crops, and so our prices for food at
home skyrockets right alongside unemployment and poverty since we need to
sell most of what we grow to others to stay solvent.
Ron D'Eau Claire
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