3.04.2008

Import Ignorance

The $ continues to fall compared to the rest of the world's currency, and no matter where you get your news, there is always the reporting of the silver lining. This being that as the dollar falls, exports increase. This is true, but it's like saying the New Orleans's floods increased your ability to ship away valuables by boat.

Economics is not that complicated unless you want it to be. Americans worth is continuing to slide in comparison to the rest of the world. At the shipping dock, the thousands of containers are leaving America full and coming back empty. We are taking less and giving more.

The American superpower is not a given.