One Serious Post From Alstry
America is a consumer economy.....where most of our consumption is import based or serviced based and our wages tend to be high by most world standards.
VERY FEW Americans benefit from rising commodity prices......and rising commodity prices most directly impact FOOD and FUEL.
By INTENTIONALLY DEBASING our currency and currently running a massive deficit, our dollars will start flooding overseas creating massive demand and inflation for commodities.......and benefit economies that are commodity based AT THE EXPENSE OF OUR ECONOMY.
FOOD AND FUEL prices will skyrocket to levels few Americans could ever conceive.......and spending will be forced to concentrate into those two areas.......taking away spending from ALL OTHER AREAS OF THE ECONOMY such as health care, clothing, housing, insurance, etc......
JAPAN WAS ABLE TO BENEFIT from such a policy because Japan was a NET EXPORT nation, so when its currency devalued, the money eventually came back to its nation to pay its workers. THIS WILL NOT HAPPEN TO AMERICA because we are in IMPORTER and our wages are still relatively HIGH.....by the time inflation raised the wages of foreign workers to parity in a commodity based economy......MOST OF OUR ECONOMY, AND OUR NATIONS POPULATION, WILL BE DESTITUTE.
The amazing part of this ZOMBULATION policy......namely crashing the value of the dollar BUT ONLY BAILING OUT THE BANKS AND WASHINGTON.......we have created a conflict of interest between our politicians/bankers and citizens........
The destruction of that nation's economy no longer impacts those that are destoying the country.....which creates a serious problem for the hundreds of million people that don't work on Wall Street or Washington.
Pay attention to FOOD and FUEL prices......now ask yourself, what percentage of the American economy will benefit from skyrocketing commodity prices when we are a import based relatively high wage consumer economy?
Oil is now over $87 per bbl.........