Quote:
Originally Posted by DBlack
It's real simpe:
More consumers spending the same currency means more buying power for them. Buying power means your dollar is stronger. If my dollar is stronger, I can buy technology and improvements I cannot afford to engineer from scratch. That translates into other powers.
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Not sure I totally understand your point brotha DBlack. First, the world is moving to a global government and currency anyway. That movement has been afoot for at least 50 years now. This hemisphere is trying to move towards the Amero (another discussion perhaps).
Second, A lot of people fail to realize the flip side of a strong(er) euro. You are correct in that a stronger euro means more purchasing power but couple that against a weak dollar and you have euro based countries purchasing MORE U.S. goods and services which help our economy. Is that all bad?
And third, as China's population continues to build wealth some of that money will find it's way into global investments...i.e. the United States. There are already joint ventures in the manufacturing sector and cash is flowing into the real estate sector (they are buying entire neighborhoods for their Chinese executives and families to move to) and some service/hospitality/entertainment sectors as well (the Chinese love to hang out in Vegas, baby!).
So what is the fear?