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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: rich evans who wrote (28349)3/18/2005 8:08:14 PM
From: Elroy JetsonRead Replies (1) of 306849
 
You're confusing yourself for no good reason. The bottom line is this. The Current Account reflects your nation's prosperity.

Let's say that salaries account for 90% of my company's revenues and profits the remaining 10%. My company uses no raw materials.

When I moved all of America's jobs to Malaysia, I did 90% of the damage to America's prosperity and it's Current Account balance.

When I moved and re-incorporated overseas, I created the other 10% of the damage. It's as simple as that. You'll need to exert a lot of energy to confuse yourself.

When you have something called "globalization" which exports more wages than it imports or creates, that is actually called "bankruptcy" not globalization.
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