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View Poll Results: Hero's turn action?
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  #11  
Old 11-18-2007, 03:43 PM
Zygote Zygote is offline
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Join Date: Jan 2005
Posts: 2,051
Default Re: Which currency system do you think is best?

[ QUOTE ]
Even if the whole world had one currency, I don't see how this can be correct (probably because I'm not educated on economics) because, in my view, China, with a trade surplus of over 20 billion a month, would eventually have all the money.

That an extreme statement, as once consumers see they are on a dead end economic street, they'll start producing in their own country. Now that sounds like a win situation for the working class.

[/ QUOTE ]

If china is the only coutnry producing why shouldnt they have all the wealth?

This is the point. The US and other countries will be forced to up their productivity if they dont want to go broke consuming everything they have.

[ QUOTE ]

That an extreme statement, as once consumers see they are on a dead end economic street, they'll start producing in their own country. Now that sounds like a win situation for the working class.

[/ QUOTE ]

exactly
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