Look East, not West
No more economic pilgrimages to the West. Look East: where more human resources are available at cheaper rates. The glitter and the glamour of the USD have drowned in its own secret misery. Truth is naked and unvarnished.
A bleak Christmas and New Year await the filthy rich Americans. Now pay compound interest through the nose -- you knew about it and did not bother, living on others' wealth deposited in the US banks.
The American Dollar enjoyed mighty immoral immunity, built on a huge foundation of global monopoly, for a century. Formal monitoring was neglected, due to monopoly. Monarchs, beware - guard your security lapses.
Now relocation of factories and offices to the East would occur on a sizable scale, ushering in a new chapter of economic balance, raising the standard of living of the low income groups. History books remind us of US slavery patterns.
The mass migration to the wild, wild West might take a reverse trend - we have to get back some of the local wealth pilfered and stolen during the colonial periods. When the mighty British Empire - where the sun never set - was drowned in the Indian and Pacific Oceans; how puny and tiny USA (age 230 years), could continue to be insolent to human dignity?
Bangladesh has more than 700 recruiting agents engaged in sending manpower abroad. This trend may be reversed - industrialisation dampens human migration. But capitalism has its hidden traps, not detected through materialistic eyes. Our RMG sector would stabilize after some tremors; as clothing is an economic 'essential' necessity.
The question of the moment is how longer the US dollar could continue to be the single global currency. For example, what are the implications if the oil wealth from the ME is transferred elsewhere? Why OIC cannot have its own currency? What if China and Russia boycott the USD?
These are a layperson's speculation. The real analysis is too twisted to be untangled at the present moment.
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