CITYBLOGGER..PENAFIAN Laman ini tidak bertanggungjawab atas hasil penulisan yang dipetik dari sumbe

The thing about commodities is that the entire world needs them and there simply are not enough of them to support the entire world population at a lifestyle that the US currently enjoys. As the US economy becomes a smaller piece of the global economy, the non-US need for energy and metals has mushroomed and will likely continue to do so as Asian economies grow due to internal demand for products.

My economics professors said 40 years ago that the backing for the dollar was "goods and services". As manufacturing has moved offshore, there are fewer and fewer US goods. And the services? There is no worldwide market for US medical professionals, store clerks or burger flippers. The "goods and services" are no longer something that supports the dollar.The US government financial debacle has been decades in the making. It largely began by promising taxpayers tax cuts, all the while paying for government with borrowed money. People will vote for anyone who promises lower taxes. It is a US disease -- citizens borrowed to buy homes too large for them, then they borrowed the equity in their homes, then they borrowed on credit cards and now they moan that they can't afford their debts.