11-03-2007, 03:40 PM
quote:
It would be very easy to get tossed back to a horse and buggy existence. Or more like foot transportation. While we will not loose the technology, it would be very easy to the loose the means to afford to purchase it.
The dollar has lost nearly 20 percent against other major currencies this year. This is a real erosion and real loss of capital. The expectation and trendline projected by most credible economists is to continue in the same manner through 2008.
There as well, is a very serious possibility that that the dollar could become weak enough to loose reserve status. Again, this would affect fuel prices, costs in general, and certainly not help employment.
Hawaii isn't the most prosperous place to begin with, at least for non-retirees. Local economy may well be all that's had.
Just wait til China asks for their money back. I also have heard that there are rumblings about Saudi Arabia considering pinging their oil to the Euro-and why wouldn't they? Boy would that hurt us. We are so close to so many more problems with our money. It will be up to the next president to work this out-or we are in a world of hurt. The current one is too stupid to chew a pretzel.
Edited by - nanawalejulie on 11/03/2007 19:42:46