Reply #60: Now we have something to talk about.

[mbperrin]

Geographic location is irrelevant if the price structure means that it is cheaper to do things long distance than locally. In the 1890's, it was cheaper for miners in San Francisco to put their laundry on a clipper ship and send it to China to have it done than to pay local prices. So the value of money is the determinant of commodity flow, NOT geographic proximity. This is why it matters when a currency is strong or weak, and no one, not even you, is arguing anything except that the dollar is now much weaker than it was just 7 years ago when THIS administration came to power.

Further, if American wealth is denominated in dollars, when that dollar becomes worth less, wealth is diminished. That means assets here are on sale, and real assets are swapped for pieces of paper worth less than they used to be. And when that trend continues, those dollars continue to sink.

Now when you add the interest on the national debt that we owe in large measure to others, and when you look at the dollar claims that net exporters have on us, the future of the dollar looks bleak indeed. The debt interest is just throwing more fuel on the pyre of the smoldering dollar. So take those wheelbarrows full of money, which the government SAYS is just fine, and continue letting others take REAL goods home with them, REAL resources, REAL products of labor, and see where it gets us. This country was built on production, not banking and finance speculation, and the producers own the future.

Worthless currency, foreign ownership of assets, lack of ability to spend scrip anywhere but locally, these things do not add up to wealth or prosperity. And THIS administration has created the whole mess.