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>>that if the euro gains strength in opec, the dollar will no >>longer be the currency of trade in oil. even if the euro >>simply gains parity, that's an issue. > >i know, its called the oil-dollar nexus. it certainly is an >issue but to say it is THE issue is alarmist.
i agree. i'm against this, yeah, but i hesitate to say there is "one" issue. there are many.
>thats not true. america manufactures everything. you name >it, we manufacture it.
not like we used to. and even though we have plants and factories and such, but it's more likely that we will create something, then sell it off to the highest bidder. we might make it here, give a few people jobs, but a company would much rather have it made overseas & not have to pay the workers much. and the factories we DO have close down daily.
my clothes, shoes, car (chrysler is no longer an american car), screwdriver, none of that is made in america anymore. those were the kinds of jobs people used to have that bolstered the economy.
>we live in a global economy. for the most part borders do >not exist. because of this, international banks and >industries have greater security. if demand for the dollar >drops low europe, the middle east ,china, south america and >everywhere feel the impact. no one wants to see the united >states economy collapse. it is no one bests interest.
that's true, but people are not only seeing this this "war" from an economic standpoint. the world is looking at us now and the world is afraid. those millions in the streets in europe... what kind of politicians will they elect from here on out?
what kinds of financial institutions and policies will they set up?
who else will we have alienated by the time this war is over?
if the white house had any farsight, they'd be thinking about these kinds of questions. in the long run, i'm worried about the world banding together to take us out.
>also, did you know that only 2 percent of the US GDP is >spent on petroleum?
ok, but does it matter what we spend if what we're trying to buy it with has little/no value? i admit to not knowing much about finance and all that...but what i've read so far isn't too promising...this economy seems to be in trouble no matter what
_____________________________ peace. wisdom. sanity. clarity. justice.
www.poetsagainstthewar.org
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