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Re: De-dollarization trend
continues
lt cap,
I'm not sure it would be accurate to say this, but it occurs to
me: Yes, absolutely - we've already shipped a ton of working class
and middle class jobs overseas, with the beginnings of a
socio-economic dislocation already evident, and bound to get worse,
as the beneficiaries are the owners of the means of production,
while it's the workers who are getting eliminated and screwed.
When the reserve currency change-over to something besides
dollars occurs, we will have, or would about to have, a shipping of
not only jobs, but wealth in large amounts overseas. However, even
if that is so, the range that companies are really international
entities have may be a vehicle for the 1% in the US mitigating the
transfer of wealth outside the US. And if that is so, there still
would be the problem of having so many workers 'disenfranchised' in
the US, that revolution and revolt may not be unthinkable.
Maybe.
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