Reply #3: I said a long time ago that the dollar needed to fall

[Warpy]

even though the short term consequence of steep inflation would be very painful. However, I never said it had to fall 60% and keep dropping! Enough is enough.

We're not feeling the consequences yet because China does not allow the Yuan to float against the dollar, thus preserving their main market as they loot our industry, thanks to the greed of multinational CEOs.

However, if the dollar falls much more, China will have no choice but to let its currency float and hope the other markets it has developed will fill the gap.

We're already seeing some reversal of offshoring as companies realize that Americans really don't like talking with "Bob" in Bhopal over a static filled phone line and are starting to avoid some of their products because of it.

That trend should continue as energy prices continue to increase, making production of goods and services near the consumption point more sensible.

However, the period now and in the immediate future is going to SUCK.