[anon4754737]

> Unleashing the US workforce at that price point is a good way to ensure that no country that isn't already highly-developed will become highly-developed in our lifetimes.

I find it hard to believe that I’m reading this sentence correctly. Are you suggesting that hurting the US working class while moving an increasingly greater percentage of profits into the hands of the globalist class is actually a good and virtuous thing?

[Longlius]

How did you read that from what I said? The people who would benefit most from de-dollarization would be the US working class working in manufacturing, agriculture, and primary product exports because suddenly their labor would be cost-competitive with other export-oriented economies.

De-dollarization would really be a massive blow to the finance and services class because the US would suddenly be a far less attractive place to park your money whereas it would be good for the class which produces products for export.

Michael Pettis' books have a pretty good coverage of this perspective.