The Giant Pool Of Money. Implications

Not exactly. I am googling for answers and for better questions to ask. The central premise of my rant was that if the United States continues to be irresponsible in handling our debt problems, the rest of the world may pass us by. And that's not fair for average Joe's like me who have every right to be as prosperous as any China-man. China Plans Path to Economic Hegemony So evidently reserve currency=anchor currency. And yes, this is a problem. You have mentioned many times before that we in the US need a fifty year plan to rebuild our nation. Reality shows us, however, that our Congressional committees can't even agree on what to cut from the budget. Other nations see this and are calling for the dollar to get booted out of its anchor currency spot which gives us favorable terms in pricing...as in the c ase of oil, for example. Right? And those Chinese have studied up on this! What I am assuming from this article is that what advantages China stands to gain are the advantages which we now have, yet are losing. For example.... Thus, the strength of our economy is tied into the dollars future success or failure now!Apparently, China is not quite ready to take over yet. Now of course, much of our problem is traced to the fact that 90% of Americans don't understand this stuff at all. I know I don't, but am attempting to use deductive reasoning to try and make sense of it all. I read a lot of opinions, blogs, articles and papers from many different sources. Much of it is simply untrue, and its my responsibility to try and make sense of it all. As an example, I wondered why it seemed as if America was turning against itself.Why do the competing ideologies of the two party system cause almost a national paralysis in our Congressional system? It irks me that these politicians get paid for concluding that stalemate is the only option! Compounding this problem is the fact that the American public wants instant gratification, a return to the good old days, and the warm and comfortable feeling that we had during the aberration period after World War II. Jon Jost,a filmmaker, has lived since 1962 in Chicago, San Francisco, Ben Lomond, Los Angeles, Leucadia (Ca.); Cottage Grove (OR), Kalispell, Butte (MT), Berlin, London, Lisbon, Frankfurt, Paris, Rome, New York City, Portland, and Lincoln NE. He presently lives, single again, in Seoul, S Korea, where he quit his job as Distinguished Professor at Yonsei University in July. His blog talks of the demise of America based on his perspective, and has lots of great photographs and artwork. He explains why the middle class in America is so mad at the so-called 1% of the wealthiest people. Capitalism is running low on third world people to exploit, and thus we are turning on ourselves. The system is broken, and Jost also agrees with something you have said a time or two, jar: Getting back to the Giant Pool Of Money, I worry that once the pool leaves the hands of Americans and becomes the deposits of foreigners, it will be nearly impossible to get it back.And yes, we have discussed education. My question, among many, is why no politician simply lays it all out for what Buzsaw calls "The Sheeple".

Pricing oil in dollars does not give the US any advantage; when the dollar is strong (meaning the US Economy is strong) oil is cheaper and when the dollar is weak oil is more expensive.The strength of the dollar is dependent on the US economy, not on its status.

OK.Should the creation of jobs be minimum wage jobs at the expense of higher paid jobs? This recession has shown us how vulnerable the Middle Class are to bumps in the economy. The wealthier people seemingly know of no comparable hardship. Could America survive without the Forbes 400?

I have no idea what your post has to do with either the topic or currency exchange?

Earlier, I said: What I am getting at is that our own wealthy are taking our money from us and keeping it for themselves.The U.S. middle class is under attack not only by foreign competition but from our domestic monied class.

There is no attack from foreign competition.

They are underbidding us and forcing us to work for less.Take I.T. workers. The ones from India will work for $40,000 a year, half what US ones used to be paid. A successful competitive effort is construed by many as an "attack" upon our very way of life and standard of living.

Aw. Tough.They are not forcing you to work for less.

Yay capitalism!

If enough new employees agree to work for less of a wage than I am making, they very well could vote my wage down if there came an ultimatum.

Zoooooom There go the goal posts yet again.Foreign Competition is NOT looking for your job.And sure, it has always been true that "If enough new employees agree to work for less of a wage than I am making, they very well could vote my wage down if there came an ultimatum."

Exactly. They are accepting the jobs OUR employers are offering them. I had this discussion with my father (who makes extremely bigoted comments on this subject) and his "beef" is with the employees as opposed to the employers. Think South Park and "They tuk err jaaabs". I have yet to get him to understand that no one is "taking" your job, US employers (and the gub'ment to some extent) are giving them your job. Just because they are more willing than you to work for less says nothing about either one of you except maybe that they need a job more than you need a raise.

People will take scraps if they get hungry enough. They wont get paid even as much as we make now, however. They will have more skills and get paid less. Watch it happen at your local grocery store.Its a shame that the US middle class is being exploited by corporate interests who see labor as a mere number on an expense sheet.

Again...zooom...thar they go.Yup Phat, them what made buggy whips got left out.Phat, it is up to YOU to make YOURSELF valuable.The first step is to actually learn the basics.That technology will replace semi skilled labor has been true for three centuries at least.

Jar advises: In the case of I.T, that is OLD school advice. Problem now is that the basics are constantly being thrown out in favor of these new latest & greatest basics. So, you take time to learn the basics, but what you just learned is immediately obsolete. So, you take time to learn the newer stuff, and it is also obsolete when you get the knowledge. This is the first time in the USA that an industry behaves like this. What they've made people have to do in this field today to survive is to MAKE the new basics out of thin air and bullshit advertising, stiff-arming away years of experience.So then you have countries like India and other foreign countries making shops of employees with resume's (C.V.'s for you in the UK and elsewhere) based on bald-faced LIES on credentials and no real knowledge of anything. American companies, concerned with the bottom line and the latest buzzwords, hire them at dirt cheap prices and they get dirt cheap work. Whoopee. My advice: stay out of I.T. - you will never get a career out of it. Only temp jobs. No security. It's dog eat dog. Cat eat cat. Rat eat rat. No 3-bullet PowerPoint viewgraph will ever be able to show what's really going on, because things get way more complex than that quickly, but management loves them so much they are willing to sell the USA down the river, just so they can score PowerPoint bullets.Management - there's a reason they call it KICKING them upstairs. It's because they are only capable of understanding 3-bullet viewgraphs.[/endRANT]