we dont have to devalue the dollar we could try to convince china to let the value of the yuan go to where it wants to go...this might make our products more appealing to consumers...
thats fine but again the ppl youre talking about arent buying 300k houses either
the US is the largest exporter of grain in the world is that safe enough for you?
LOL. You don't seem to understand what's really taking place. They WANT to debase the dollar.
They WANT China to keep their currency low. They are praying infact begging China does NOT let their currency rise to it's true value.
As for making your products more appealing to consumers... you don't have any products anymore.
Hitachi & Sanyo have replaced RCA
Toyota & Honda have replaced Ford & GM
Seiko has replaced Timex
heck...Lenovo has bought IBM.
When Chinese currency rises to it's true value, the USA will no longer be able to import Chinese goods, but the Chinese won't mind. They will have a huge untapped domestic market to sell to. The USA may have a huge agricultural base, however, without the ability to buy oil, those fields will sit idle unable to produce. It take 10 calories of oil to produce 1 calorie of food.
I believe things have moved past the tipping point for the USA. The only uncertainty that remains is how bad the fallout will be for the rest of the world?