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Author:

Jam ok

Subject:

Off Topic

Date:

10/23/15 at 4:45 PM CDT

 

 

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Reply to:

MSG`#3042,`10/23/15
By LongTerm CapGains

 

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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