Manufacturing is Overrated

[Thrawn]

Originally posted by john9001 because they hold so much "worthless" paper they will do everything they can to ensure the dollar does not lose value.

They aren't, that's why the USD lost about 30% of it's value over the last 6 years.

if you owe the bank $100,000 they own you.

if you owe the bank $100 million , you own the bank.

1.  It depends on how much the bank is worth.  If the bank is worth tens or hundreds of billions of dollars you can bet they still own you.

2.  Nations states aren't banks.  It's still a simple matter of the US relying on them for cheap goods.  They don't rely on the US for pieces of paper with dead presidents on them.

[john9001]

you miss the point entirely.

[Thrawn]

Originally posted by john9001
you miss the point entirely.

They don't lose wealth, the wealth was already exchanged for the USDs.  

All that they would lose was the ability to pretend that USDs have inherent value.

[midnight Target]

Originally posted by storch
What is your industry, pray tell.

We build RV's. Still pretty hard to economically ship one overseas without taking a bath on the transport costs.

[Suave]

Isn't it about time for an amphibious, nautical RV ?

[indy007]

Originally posted by Suave
Isn't it about time for an amphibious, nautical RV ?

Terrawind RVs

They're about 1 mil each on average.

[john9001]

Originally posted by Thrawn
They don't lose wealth, the wealth was already exchanged for the USDs.  

All that they would lose was the ability to pretend that USDs have inherent value.

thrawn,has your envy of USA warped your thinking?

are you saying the chinese are so stupid they will exchange their valuable products for worthless USD's? who is the fool, you or the chinese?

but , all is not lost , the chinese can exchange the "worthless" USD for worthless boeing airplanes or worthless US steel or worthless govt bonds or even better, they could exchange the worthless USD's for the very valuable CANADIAN DOLLAR, last i heard canadian people still were acepting worthless USD's

[Pongo]

Depending on Saudi, Chinese and Japanese self interest to prop up your economy is an interesting decision.

[Thrawn]

Originally posted by john9001
thrawn,has your envy of USA warped your thinking?

are you saying the chinese are so stupid they will exchange their valuable products for worthless USD's? who is the fool, you or the chinese?

Nah, they are doing it for very smart reasons.  Why do you think China wants the US to be literally indebted to them?  Why do you think they want the US to rely on them for manufactured goods?

Quite simply to gain control and power over the US.

but , all is not lost , the chinese can exchange the "worthless" USD for worthless boeing airplanes or worthless US steel or worthless govt bonds or even better,

But that's the point, for the most part they don't, hence the massive trade deficit the US has with China.

they could exchange the worthless USD's for the very valuable CANADIAN DOLLAR, last i heard canadian people still were acepting worthless USD's

Thanks but we got $65 billion in USDs from you guys last year alone that we don't know what to do with.

http://www.census.gov/foreign-trade/balance/c1220.html


And something you should ask yourself is what happens when those USDs from China or whereever goes into circulation.  It's a tough nut to crack, but somehow the US needs to find a way to buy back decade's worth of trade deficit or hope the system lasts into perpetuaty.

[midnight Target]

I've been in that RV-Yacht, and driving that thing into anything but a dead calm lake would scare the crap outta me.

They were asking $850k at the show.

[rpm]

I want one of these.

[Holden McGroin]

I would take Jimmy Buffet's amphibious motorhome.