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amilcarkabral · December 19th, 2007, 10:34 PM

Might be an opinion . . . heh

The reason the Chinese are dumping the dollar is because the dollar is holding less value over time. And as it depreciates, they can buy less stuff with it, and Americans can buy more stuff with it. The depreciation of the dollar i'm conspiratorily saying is a conscious decision by the government so it isn't in full hock with the national debt.

You want to know the facts about the prices? Go to Best Buy, look at the price of a new 60inch HDTV and compare it to the same price a year ago. Do you think that in one year that all that price reduction is due to cut-throat competition? Some of it 'has' (and i know that i'm taking a leap here) to be due to the devaluation of the dollar.

"What is the truth we must realize . . " we must realize that you just asked a vacuous question. Truth has nothing to do with the economy. . see my post on the "what is truth" thread. the economy has to do with the economy. But to answer what you're getting at . . .

Black folk need to focus on building our own business INFRASTRUCTURE. disparate businesses and 'networking' is waaay not enough. Powernomics by Claud Anderson [yes, the book, not the website] starts to lay the blueprint out in some detail, since you asked.

December 19th, 2007, 10:34 PM	#20 (permalink)
amilcarkabral Afro Resident Occasional 2Cents amilcarkabral is offline Join Date: Dec 2007 Location: Greater Phila Posts: 81 Thanks: 0 Thanked 4 Times in 3 Posts Rep Power: 0 Credits: 501	Might be an opinion . . . heh The reason the Chinese are dumping the dollar is because the dollar is holding less value over time. And as it depreciates, they can buy less stuff with it, and Americans can buy more stuff with it. The depreciation of the dollar i'm conspiratorily saying is a conscious decision by the government so it isn't in full hock with the national debt. You want to know the facts about the prices? Go to Best Buy, look at the price of a new 60inch HDTV and compare it to the same price a year ago. Do you think that in one year that all that price reduction is due to cut-throat competition? Some of it 'has' (and i know that i'm taking a leap here) to be due to the devaluation of the dollar. "What is the truth we must realize . . " we must realize that you just asked a vacuous question. Truth has nothing to do with the economy. . see my post on the "what is truth" thread. the economy has to do with the economy. But to answer what you're getting at . . . Black folk need to focus on building our own business INFRASTRUCTURE. disparate businesses and 'networking' is waaay not enough. Powernomics by Claud Anderson [yes, the book, not the website] starts to lay the blueprint out in some detail, since you asked. __________________ Tell no lies Claim no easy victories