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Originally Posted by toxic
The weak dollar will bankrupt you. How?
First you have to realize that the only thing that has kept the price of products down the last several years is Chinese labor. We have transisitioned from $800/week to $4/week assembly labor for products.
If you look at commodities (Gold, Lead, Copper, Oil, etc), you can see that they have typically risen 400% in the last 8 years under Bush. That is the real world effects of a Weak Dollar.
Soon China, at their leasure, will equalize labor costs between the USA and China. Given the Weak Dollar, this will mean you will be paying $100 for a toaster at Wal-Mart. FED Bernake will love this huge inflation, as it will effectively reduce the huge National Debt that Bush created.
Your savings will be worthless. You will be 3rd world poor.
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Bingo....You nailed it
But hey..look at the bright side, exports of American made plastic bushes will be thriving !
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