When will money not favor the USA?

["John Gelles" <johng@xxxxxxxxxx>]

    Henry Liu sees coming the triumph of the supply
    of traded goods and services over the dollar as
    money.

    He necessarily implies that the US cannot return
    to manufacturing at home, or outside of nations
    with new brands of hard money, with ease.

    It seems to me that a nation like the US can keep
    ahead of any harmful softening of its money.  It
    can favor domestic automation and foreign aid to
    developing nations with softer currencies.

    This is not to say that China cannot also develop
    its internal consumer markets. Any continental
    power can compete with the US--and succeed
    in raising the minimum standard of living outside
    the USA without reducing it within the USA.

    The great game remains war. Economic com-
    petition comes second. The US and China would
    help each other if the Taiwan provincial issue is
    settled without war and without diminishing China's
    territorial integrity. Now is the time for the US to
    fully respect China's sovereign right.

    In return, China could act in ways that convinced
    its sovereign neighbors it would respect recognized
    borders.

    The issue of whether to resort to legislated and
    ministerially directed investment (when commercial
    markets fail to serve the public interest) remains to
    be solved on a case by case assessment of need.

    The war has established a whole set of priorities
    that commercial markets cannot address without
    legislative direction. The same will be true when
    the dollar declines in commercial trade.

    The good that follows the tragedy of September
    eleventh is that the lessons of WW II are again
    in mind--as the public awakens to its interest.

    Money is on its way to serving in peace as it
    does in war. Technology, especially in inform-
    ation and communication, can only help.

    Digital money* is not far off--and it will favor
    the USA and all who employ it.

    John Gelles

    * Digital money informs its masters where, when
       and how much its flow must be increased or
       constricted to accomplish national priorities.
       It never needs to be recovered by taxes,
       because holders are allowed to rely on it
       ahead of Las Vegas.