Ralf, you hit it right on the button. The US has outsourced all its business and little is produced in the US anymore. As much as it indicates the economy is good -- why is it that the mega corps are consistently laying off people from jobs. All that is happening here is that the rich are getting richer and the poor poorer. Claire ----- Original Message ----- From: <lumby@air.on.ca> To: <GERMAN-LIFE-L@rootsweb.com> Sent: Tuesday, June 19, 2001 8:18 AM Subject: Re: [GERMAN-LIFE] Looks good, Heinz - - - > David- > In my rather simplistic point of view, there is another way of looking at > your favourable (?) American Dollar exchange rate. > The American dollar has over the past year, soared higher against all other > currencies. > That is great for American tourists visiting other countries. You people > are flooding Canada, and Germany, and most other countries and spending > your dollars. > > However, look at it this way. As far as international import export is > concerned - the USA is pricing itself out of business. Your goods are too > expensive at the current exchange rates. Other countries will turn to > others to fill their import needs. and your exports will continue to drop. > On the other hand- the US will use their over priced dollar, buy cheap > goods overseas, and boost the economies of these nations, while vastly > increasing their own trade deficit. > > American tourists will drink gallons (halb liters) of great German beer, > making the German breweries rich, and to the Germans, a liter of beer will > remain the same price. > > You will buy our natural gas and oil at highly inflated prices set by a > cartel in the Mid East, and we will wallow in your dollars so that you can > keep warm in the winter and cool in the summer. > > Hows that for the "new economy" > > Ralf > > > > > At 07:41 AM 6/19/01 -0400, you wrote: > >And how much better the exchange now than just a few weeks ago !! Of > course, > >it's in OUR favor, which doesn't make it "better" for those from ovedr there > >who come over here !! > > > >DAve Ross > > > > > > > > > >==== GERMAN-LIFE Mailing List ==== > >Complaints: > >Contact the list administrator at: GERMAN-LIFE-L-admin@rootsweb.com > > > >============================== > >Visit Ancestry.com for a FREE 14-Day Trial and enjoy access to the #1 > >Source for Family History Online. Go to: > >http://www.ancestry.com/subscribe/subscribetrial1y.asp?sourcecode=F11HB > > > > > ==== GERMAN-LIFE Mailing List ==== > Complaints: > Contact the list administrator at: GERMAN-LIFE-L-admin@rootsweb.com > > ============================== > Shop Ancestry - Everything you need to Discover, Preserve & Celebrate > your heritage! > http://shop.myfamily.com/ancestrycatalog > >