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Old 08-10-2006, 01:09 PM  
pocketkangaroo
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Join Date: Jan 2005
Location: Chicago, IL
Posts: 8,452
Quote:
Originally Posted by Webby
I don't rely on US traffic for survival - never have.
Many people here do though. I have personally targeted other countries as to diversify my traffic and suggest others do too.

Quote:
Basically yes, - as a consumer with an increasing volume of new credit cards and constant string of loans from other nations to afford the level of consumption. China alone has more control over US dollars than any other country and are considering dumping some of this - not a good thing for exchange rate/dollars values. The Central Bank of China is still lending the US between $2 and $4 billion daily - and that's only between 20%-25% of daily international borrowings.
I guess I'd have to disagree with you. I feel the US has one of the most stable economies in the world. In a market economy where businesses are given much more freedom than in other countries, you will always have more opportunity to succeed. The globalization of the world has companies opportunity to outsource many jobs at lower cost and thus re-invest their earnings into the future growth of the company.

As for the national debt, it will be a problem in the future. Although I don't believe in the end of the US predictions by some far reaching people. The US will have to deal with it someday and it will probably come from government spending, a small raise in taxes to some, and some inflation to our economy. I still don't see that knocking the US off as a decrease in the US economy will have a trickle down effect on many countries throughout the world.

Quote:
The Middle East has no problem selling oil - believe me They don't need the help of the US. The less the US consumes oil - the better off the US will be both economically and environmentally.

Bottom line - it's totally unsustainable.
You really aren't saying that they don't need the US to buy oil? Losing one of their largest consumers of oil would signifigantly increase the leverage countries like China would have on them and their price.

Last edited by pocketkangaroo; 08-10-2006 at 01:11 PM..
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