USA: Is it for sale, cheap?

Question

Trade deficits and mounting government debt have contributed in a decline in the value of the dollar in the global currency market. Old school economics believe a weak dollar increased US exports. This was true as long as the dollar held hegemony in the international currency market.
Today this is no longer true as the Euro has taken the lead in the currency market. When first introduced, the Euro traded at 80 cents US on the currency market. Today it trades at $1.30 US. This is about a 60% decline in the value of the dollar against the Euro.
There is $27 trillion plus dollars in foreign reserves. Each one of these dollars is a debt the USA owes. This has not made US products more attractive. It has made US companies more attractive.
Yesterday a Russian comapny announced it may buy one of the USA's largest companies, Alcoa. And why not. From their point of view, it's for sale cheap.
As the dollar declines further, will more and more US companies be bought for cheap bucks?

Answer 1

china pretty much owns america, and owns a great deal of its debt, notice how american administrations pretty much bow down and kiss china's behind. americans are even conditioned to pass up goods made in america to purchase chinese made goods. american currency backed by the pentagon is so way over valued, this slide will continue for a long time yet, especially as more and more countries distance themselves from america and all its imperialist wars

Answer 2

Yes I dont know if for "sale for cheap" But most things in the U.S of A is for sale if the price is right, for sure. Patriotism doesn`t run to deep, when profits are at stake & to be made.

Answer 3

two things; remember when china bought that building in wall street? ( dont remember which one it was but back a decade or so ago) we sold it and within 10 years we bought it back for 20cents on the dollar. I'm not saying this is going to happen in every instance but it has shown to work out in the past.

Now the most important thing. China is playing a game with the world trade economy. They have devalued their money by 40 %. They give any trader from china out a 14% tax break and hit any trader into China with a 14% tariff. this puts them at a 68% advantage in world trade. They also have the fastest growing economy with an estimated 1 coal or natural fire burning plant coming on line every 3 days. this is pouring money into their economy that they are hording from their people using slave labor. This is almost exactly what was going on in Russia and it can be beaten. this is a huge bubble that WILL bust. When this happens we will be able to buy things back at a 70 to 80 % profit. Our economy is always the world leader in innovations, it was never solely on production because the world always has lower production costs. That being said we are in no way on any cusp of an economic collapse. we just have to wade out this game being played in world trade. Among all the doom and gloom stories, one thing that I would share is that many times when we talk about our global economy, there is a great fear of competing on that global stage. If we compete on a level playing field, the American worker, the American entrepreneurial and creative genius is going to win. But when we talk about competing with countries like China, an emerging superpower, one thing that I would point out is that just in less than 3 years, the U.S. has added to its economy, the increase in our economic output has been $2.2 trillion. That is bigger than the entire economy of China.

Answer 4

A currency will always loose value if there is too much activity of self serving corrupt agendas on the part of elite.

Answer 5

As they say, EVERYTHING has a price tag. To say that the US is not for sale is short sighted, and comes from having one's head in the sand. As long as the American citizens continue to buy foreign products, US companies will continue their backslide (the auto industry, for example). Once the red reaches an irretrievable point, the company will go on the market. Nothing else can be done...except close the doors. And then people are out of work. So the question is....are Americans willing to pay more money for domestic products in order to keep their jobs and retain ownership within the US?

Answer 6

Everything is for sale in the US, including itself. That's how capitalism works. As for people buying American, you can forget that they may worship the flag but it is the dollar that rules. These are the people who resent rebuilding one of their own cities and are happy to see their poor freeze to death on the streets with no health care.

Empires rise and fall and their assets get sold off.


Cheaply.

Answer 7

As long as you keep using your credit card we will be fine, stud.

Answer 8

Next year when a liberal takes the throne it will be for sale for dirt cheap and its citizens too.