America: The Low-Cost Producer

Yahoo! News ^ | March 21, 2005 | Rich Smith

[expat_panama]

I hear you saying that foreigners are intentionally selling their stuff to us at a loss so as to lower the value of the American dollar.  Is there any chance you might have:

   --- the actual name of a foreigner or foreign company that was selling a good or service at a loss,

   --- the price the foreigner paid and the price he was selling (to show a loss)

   --- some statement or other showing that the intent was to sell at a loss so as to lower the dollar's value.

   --- the date(s) that the sales were made so I can check to see how the exchange rates changed those day(s).

[Brilliant]

I'm not saying they are trying to reduce the value of the dollar. I'm just saying that they ARE reducing the value of the dollar vis-a-vis their own currency. Clearly they are absorbing a loss because when the value of the dollar goes down, there is virtually no reduction in the price that they charge for a new Nikon camera, even though the value of the dollar has declined. Since they are getting the same number of dollars, and the dollar is worth less, they are absorbing the loss. They think they are helping themselves by doing that, but in fact they are just assuring that the dollar will fall further, adding yet again to the loss they must absorb in order to avoid increasing their prices.

[q_an_a]

that was certainly an interesting time, but was not the role of America much similar to Canada today or the third world countries where we exported raw materials for finished goods? even the cloth factories of New England had a much later start with the first one opening in 1789 and the hay day 30 years later.

[RightWhale]

Canada was similar although not so gifted with great farmland. They had a monstrous seaway with the Saint Lawrence River. The Lousiana Territory the same with the Mississippi River. Both those territories denied the use of the waterways to the US, which was one of the reasons Jefferson went ahead on his own as Chief Exec to acquire the Lousiana Territory when it was available. The Lousiana Territory had earlier experienced a massive economic failure called the Mississippi Bubble, the first Bubble so called, which destroyed the investment economy of France and contributed to Montesquieu's thinking that was later partially adopted in writing the Constitution.