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Originally Posted by JohnR
But when this dissolves the lower and middle class, and they stop purchasing products becuase their buying power is gone, who will but product regardless of where it is made? When the US turns into an 80% services nation, who here will have the money to buy these services? Will the foreign markets buy enough of our services to effect the trade imbalance? No. Devalue of the dollar? Budeget over runs? Over simplistic yes, but there is a real underlying problem and we as a nation are shooting ourselves in the foot.
In the 80s people said America as a nation had eclisped itself and we went on the decline. Technology pulled us out of that slide and brought a rise in America - what's the next big thing? What will fix the current slide?
Ooooops - soap box, I'm sorry...
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I agree with you 110 %
I can tell you what China is doing with their $$ they are buying all of our natural resources, and extending us tons of credit... 20 years from now you might as well call us the united states of China.
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