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Why America Will Collaspe?
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<blockquote data-quote="klein" data-source="post: 632653" data-attributes="member: 23950"><p>wkmac, interessting vid.</p><p>Wish it would have went further though, and explained what a lower dollar means.</p><p>It sunk by 25% in average towards all major currencies.</p><p>Ofcourse, sofar only oil, metals, and commodities have risen accordingly.</p><p>But, all other imports will follow suit soon.</p><p>From all the chinese goods, (Walmart prices), to medical equiptment from Germany, and Lumber and other goods from Canada.</p><p>Even the grocery supermarkets will raise prices from imported goods, such as coffee, tea, fruit and veggies, just to name a few.</p><p>All electronic goods from Asia, and so on.</p><p> </p><p>Add to that, Interest Rates can only go higher from here on up, and I'm</p><p>basically, predicting double digit inflation rates in a year or 2.</p><p> </p><p>They really need to fix the free-fall of the dollar, before it's too late.</p><p>Normally, it's an easy fix, by raising interest rates.</p><p>But, in this economic crises, it really can't be solved that way easily.</p><p>2nd option is to stop overspending, and start paying down the huge debt.</p><p>But, that takes longer then time allowed.</p><p> </p><p>Wishing you all good luck !</p></blockquote><p></p>
[QUOTE="klein, post: 632653, member: 23950"] wkmac, interessting vid. Wish it would have went further though, and explained what a lower dollar means. It sunk by 25% in average towards all major currencies. Ofcourse, sofar only oil, metals, and commodities have risen accordingly. But, all other imports will follow suit soon. From all the chinese goods, (Walmart prices), to medical equiptment from Germany, and Lumber and other goods from Canada. Even the grocery supermarkets will raise prices from imported goods, such as coffee, tea, fruit and veggies, just to name a few. All electronic goods from Asia, and so on. Add to that, Interest Rates can only go higher from here on up, and I'm basically, predicting double digit inflation rates in a year or 2. They really need to fix the free-fall of the dollar, before it's too late. Normally, it's an easy fix, by raising interest rates. But, in this economic crises, it really can't be solved that way easily. 2nd option is to stop overspending, and start paying down the huge debt. But, that takes longer then time allowed. Wishing you all good luck ! [/QUOTE]
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