Quote Originally Posted by David Merrill View Post
It seems that in the world it is primarily Americans who value debt.
And this is the reason why there is no more factory's and manufacturing in the USA any more.
Once the USA joined the UN it moved into selling FRN's to the world as a valuable commodity.
In order to be of value to the rest of the worlds countries it needed to have top purchasing power while being stable. Otherwise why hold them?

When a county is placed in this position and has the highest value currency manufacturing becomes to expensive for other countries to purchase from.
All the free trade deals means to the USA is that the USA banks can sell their currency and set up shop in foreign jurisdictions.
USA has nothing else of value that the rest of the counties can afford with out making it them self or purchasing it from another country cheaper then the USA can make it.

Being the world's leader in selling dollars inc. chocks a society to be the only thing the society has of value to sell. And it is debt based. Go figure.

Eg. Vancouver BC. real estate is going through the roof and forcing many to leave the city because they can't afford to live there any more.
Reason being? The dollar is low and China and American buyers are investing heavy in foreign markets.
When there is a big difference between currency like 20 to 30% (Canada to USA) cross border shopping slows right down from Canadians buying in the US. The majority of the traffic is reversed.
Americans are taking their most valuable possession being FRN's and investing in foreign jurisdictions.
How does that help out the average American? It doesn't. Only the rich.