This is not something I want, it just seems inevitable. Our dollar is getting weaker and weaker, thanks too the constant "monetizing" of our massive debt (which grows by $1 BILLION/day) among other things. Right now the Chinese yuan is tied to the US dollar, so right now, it is good for the Chinese to import the $3 pack of tube socks to Wal-mart...but what happens when they let that yuan float on it's own...they'll do it, but when? If they were to do that, then we are at their absolute mercy and they can charge us anything they want for those tube socks (or food, clothing, EVERYTHING) because we do not have the manufacturing capabilities to support our population...we've shipped all those jobs overseas and torn down the factories. What are we going to do then? And is anybody else worried about it besides me?
2006-12-13
04:37:19
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12 answers
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asked by
♥austingirl♥
6