Tuesday, July 1, 2008

Pissing Away Our Future

How much longer are we going to have to listen to the pundits tell us that the globalized economy is the key to our economic well-being. We no longer produce anything here in America, without production, the only thing that we have to trade are our assets. And that is what we are doing. Foreign investors are buying up our companies piecemeal or entirely. Our own companies have relocated offshore.

Our entire country has become the third generation rich kids, inheritors of a great fortune, who don’t work, but just want to lay on the beaches of Florida and sort cocaine at Hollywood parties until they realize that they aren’t rich anymore.

The Stock Market Reflects The Selling Of America

The reason that our economy has not completely tanked is that our assets are becoming cheaper and cheaper to the foreign investor. That is all that has kept the stock market from taking a dive into oblivion, like in 1929. Please click on the graph to see how cheap our assets have become for the foreign investor. Look at the value of the Dow as measured in Euros. If it weren’t for foreign investment we would be deep in depression. The size of the foreign investment means that we are rapidly selling off all of our assets to maintain a standard of living that is not sustainable without actual production here in the United States.

If we want to save our country we must stop the Fed from further devaluation of the currency. The Fed needs to raise interest rates to 10% until we can get off the addictive fiat money and back our currency with something real. We must balance the Federal budget and immediately end our costly adventures overseas. And we must impose tariffs on ALL imports into the United States of 12%, equally, across the board. Otherwise we are going to be the servants of the rest of the world.

1 comment:

Cana said...

I believe the global society is fair to everybody. Those who pay more effort receive more payment.