The Death Of The Dollar ... (Global anti-Americanism is a sign of sophistication)

The Global Guru ^ | Nov 14, 2007 | Nicholas Vardy

[Walker Texas Ranger]

Either a planetary government will arise to supervise and regulate the so-called "world economy", including our previously free states,

or the US will have to field a military sufficiently powerful to dominate the planet.

Pray tell what is the essential difference...

[IrishMike]

It’s mostlty found in the more left-leaning media, which are a minority, and they’re losing ground in most European countries as well currently.
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Recent elections (with 06 in the US being the exception - unfortunately) in European countries, Canada, Australia have shown this to be indeed true.

[Jim Noble]

Pray tell what is the essential difference...

None.

That's the point.

Globalization is the end of the republic, one way or another.

[bert]

Meanwhile, American factories are humming and loading docks are jammed with material to be stuffed into export containers.

Weak $$$ = jobs and good times

[IrishMike]

Low dollar, high exports. High Euro, low exports...........
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That’s exactly correct, keep it simple.

[Brit_Guy]

These things always balance out over time. High or low interest rates have different winners and losers, high or currency valuations have different winners and losers. The transition from that one set of the winners to the other always has those old winners screaming and informing the media spin.

On the old adage “buy at lows, sell at highs” with a double whammy combination of your property problems, and the low dollar I’m looking at buying US real estate at the moment.

Now, if I’m thinking of doing that at a micro leval, I am sure at a macro level hundreds of thousands more Europeans/Chinese/Indians or whoever will be thinking the same.

One spin would be: Foreign invaders buy all our land.
Another would be: Buyers return to property market and finally reverse falls, Americans home equity is saved thanks to foreign investors.

The media will plum for the former - it sells more newspapers.

[IrishMike]

Excellent point.

And being in NY myself with a lot of family in Ireland, the weekly phone calls reveal the changes the Celtic Tiger has started to show. American companies and larger European owned companies are moving to cheaper labor markets.
The Euro being so highly valued has caused increased prices of goods exported, made American exports much cheaper in comparison. The pendulum is starting to swing, there will be pain. The cost of living in Ireland is astounding to me.
Meanwhile, stop into most mid town Manhattan pubs and you would think you were in London or Dublin.
People from Europe are flying to New York to do Christmas shopping, not to mention the real estate being purchased.