11/07/2008

New US President Effect

New US president effect to us is not all good to us, dollar even increase from before about Rp. 10.000,- then up to Rp. 11.000 per US dollar. Even the US condition still in Financial Crisis, but their effect is to world globally.

Our fiber plant in Indonesia have planning to erect new line with new technology and engineering in the year of 2010, but the crisis may will effect to the fabric financial because world bank loan is not melted yet until now. Textile condition almost collapse, and have stopped if they just export to America.

How fast new president will overcome the crisis conditions? It is really need by many countries that have commercial relationship with US, such as China, Taiwan, Japan, Indonesia and many other country. Beside a big exported country, America also a Big importer country. America import of many goods from food and forage, mineral such as coal, carbon, fuel, textile, and also high quality product such as automobile.

The crisis itself is not because of the Industry collapse, but merely of the bank system and bank financial can’t give a pay guarantee to the exporters. This condition becomes a big resistance fabric that wants to export their product. They can also pay by transfer, but if transfer to bankrupt bank will make a new problem, because the bank will use the money in to their bank for their urgent needed. This effect will spread fast like viruses to other bank, they can’t stay, they need fast circulation but many people don’t want use them, because their money difficult to melt. The system condition is like dog pursuing of cat, the playing of hide and seek.