Tuesday, November 13, 2007

Cheap Labor Imports

Remember all that talk of exploiting cheap foreign labor? Well guess what? Now that the Federal Reserve and the U.S. Treasury have greatly expanded the supply of dollars in the economy, thereby reducing the value of our cash, we Americans ARE the cheap foreign labor. That's because as the dollar loses value our exports become cheaper to buy using other more valuable, stable currencies. My suggestion: Have a yen for selling to China. I see where many foreigners are sapping up U.S. properties too. I guess that's good. Then they are less likely to want to annihilate us. Oil prices are falling back, deflating as the depressed world economy uses much less energy. So that's good as long as you're still working. We still have indoor plumbing and good sanitation. So ignore all that jabbering overseas about how those Asians, Europeans and others are exploiting the poor American worker. Euro K with me as long as you have cash.

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