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As dollar tumbles, America is up for grabs
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by Barry Artiste | November 15, 2009 at 08:04 am
115 views | 18 Recommendations | 10 comments
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Barry Artiste Op/Ed
Warren Buffet, Gazillionaire extraordinairre pretty much sums it all up, the US is pretty much up for grabs.
One only has to look at the Asia Pacific photo ops with Western World leaders to witness Obama and ours truly Prime Minister Harper dressed in Asian Finery and not dressed in North American clothes when talking Free Trade, guess Free Trade works only one way, the Asian way. I guess when you have to Kowtow to the Big Boys like China, dressing in their traditional Mao style clothes pretty much says it all to please your monetary masters. Thank Christ, Canada is not beholden to China when it comes to China owning your country in trillions and trillions in treasury bills. If we are not careful Canada may one day be a mirror image of the US debt.
Outside, the sky was bleak and the snow was drifting. But inside the meeting hall in Toronto's financial district, the mood was warm, as it usually is when Warren Buffett is in the house – even on those occasions when he's spreading a message of fear.
It was February, 2008. The U.S. economy had slipped into a funk and the markets were rattled, but the world's second-wealthiest man said little to indicate he had a clue about the panic and the chaos that would arrive in months ahead. He didn't see it coming.
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Barry Artiste
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Most RecentMost Recommended Comments (10)
at 09:03 on November 15th, 2009
So far, every week, week after week, delayed so as not to disturb the social order, the death of financial entities is announced.
The public becomes habituated, and takes no notice.
at 09:13 on November 15th, 2009
'The public becomes habituated, and takes no notice."
...and when we do, nobody listens and calls us wacko conspiricy theorists or domestic terrorists.
at 11:11 on November 15th, 2009
dressing in their traditional Mao style clothes pretty much says it all to please your monetary masters.
The Nehru jacket became popularized in the 60s and 70s and was sported by a ton of celebrities and common folk. This was not done to please Indian masters; rather, it was a recognition of a foreign culture, which is in the American eclectic tradition. Frankly, I preferred the Nehru look over the brief appearance of leisure suits.
Granted, clothing can be symbolic, but it can also represent global reciprocity and a unifying statement tumbling the barriers between cultures. We are more alike than we are different.
at 12:08 on November 15th, 2009
I am sorry a2, Silly me for referring to the your stated nehru jackets as Maoist actionwear, though one must wonder if Steve Austin were around today, if world leaders coming to North America would be all dressed like the 6 million dollar man in those wacky tacky leisure suits? Oops, I forgot one important fact, unfortunately these are not nehru jackets, they are traditional chinese garb, more mandarin and made by Chinese designer Wykdd Song's Peranakan shirts. Geez I hate being right all the time and stand by my original story!
at 12:08 on November 15th, 2009
Nice picture! Should play well with the "America has fallen" crowd in Bejing.
at 12:09 on November 15th, 2009
I am sure it will Hugh., I am sure it will not be lost on struggling north american designers.
at 12:12 on November 15th, 2009
In 1853, the California gold rush was in full swing, and everyday items were in short supply. Levi Strauss, a 24-year-old German immigrant, left New York for San Francisco with a small supply of dry goods with the intention of opening a branch of his brother's New York dry goods business. Shortly after his arrival, a prospector wanted to know what Mr. Strauss was selling. When Strauss told him he had rough canvas to use for tents and wagon covers, the prospector said, "You should have brought pants!," saying he couldn’t find a pair of pants strong enough to last.
No, not the six million dollar man, but a 19th century American gold prospector. And people around the world are still sporting his look, maybe even some world leaders. : )
at 12:47 on November 15th, 2009
You know a2. you are absolutely right, Levi strauss was one hell of an innovator,who can say today their fashion has stood the test of time over a hundred years later. One wonders if his denim were patented if his descendants would have been billionaires;
at 12:54 on November 15th, 2009
Barry its similar to how Coca Cola missed the boat in patents. They didnt patent the word "Cola," and they left the market open for imitators to create cola drinks from cocao. Now, inventors are savy to the nuances of patent protection.
at 06:35 on November 16th, 2009
Who's Afraid of the Falling Dollar?
Pundits and policymakers around the world are wringing their hands over the possibility of further declines in the foreign exchange value of the dollar. Predicting exchange rates is notoriously difficult; there is almost as much chance of the dollar rising next year as of it declining. But if the dollar were to fall further, should we be concerned?
A lower dollar is good news for US exporters and foreign importers and bad news for foreign exporters and US importers. However, if policymakers respond appropriately, there is no reason to fear overall harm either to the US economy or to foreign economies. Indeed, a lower dollar could jumpstart the long-overdue rebalancing of the global economy away from excessive US trade deficits and foreign reliance on export-led growth, putting the world on track for a more sustainable expansion. Read the rest