Posted by realamerican on February 17, 2009 at 20:11:47 from (207.118.134.123):
In Reply to: O/T Economy and Trade posted by M Moline fan on February 17, 2009 at 17:41:41:
I just read an article about manufacturing tonight. You see, a manufacturing based economy is a lot stronger and stable than a service based one. This depression will be much worst than even early 80's. We now manufacture 60% of goods here ( I think this is skewed with the fact the final assembly is done here, thus considered manufactured here), while 30 years ago 85% was made here. The trading currency argument is not valid, you do not trade currency, it is fro purchace and payment. I do agree that China has kept their money devalued for many years. China is a very old nation, they at one time wanted to control the world. You do not see western Europe doing much buisness their. They are another old area. We are a very young country, and I think by some of our policies we are making some "young" mistakes.
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