Greg Pavlov wrote:

On 26 Feb 2004 15:29:27 -0800, (Jonathan Cook)
wrote:


We live at a standard that is unsustainable, as it is achieved through
unsustainable "optimizations". It _will_ fail eventually, the only
question is when. And I for one am starting to think sooner rather
than later...


It will fail for the majority of our citizens, but
several million will do quite well. With sufficient
protection, they will enjoy their status. In other
words, look at any country with a small or non-
existent middle class and you will see a mirror of
our future. And it will come about through the
collapse of the value of the dollar: that will be
the only way, at the rate we are going, that we
will ever be able to repay our major debt holders
overseas. There is some belief that Communist
China, which is currently propping up this
administration by buying up billions of dollars in
US currency, is beginning to catch on to this
possibility.


Both China and Japan are very heavily invested in the US dollar.

The Chinese are beginning to put moneys into currencies other than the
US dollar and there are rumblings about China freeing their yuan from
its ties to the US dollar. It is the consensus opinion that the yuan is
significantly under valued because of these ties.

Willi