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Re: RDG013 post# 152514

Saturday, 02/07/2009 11:32:48 PM

Saturday, February 07, 2009 11:32:48 PM

Post# of 449967
'RDG013', Walmart is not the problem, it is the disparity of wages in the labor pools of the western world verses Asia. The only thing standing between them and us is the cost of shipping which is very efficient. If we try to block trade via government we will naturally get sued. Americans acting on an individual or collective basis however cannot be sued for not buying.

Other than that, our wages have to fall or the dollar has to fall against the Asian currencies. We need 2.5 trillion to spend through the next year. This exceeds the world's savings. The US can fund for one year until everyone is out of money. Beyond that you are looking at monetizing debt through the Fed.

Derb

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