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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (66413)	7/19/2005 11:46:15 AM
From: Slagle	Read Replies (3) of 74559

TobagoJack Re: "Economic Nationalism" Because there should be little or no trade. The most of my adult life we had no trade at all with China for it was illegal and we did quite fine without it. Also, back then almost every single consumer product you can imagine could be purchased at a fraction of the US domestic market price overseas in some low wage place somewhere, but our protective tariff walls and quotas kept the stuff out of our markets. We did quite well without this stuff also and there is considerable data that shows the average guy was much better off then, despite all the globaloney propaganda to the contrary. Not long ago we had a 49% tariff with the Soviet block and even products from places that had "most favored nation" status faced a tariff of 25% or more. Then there were all sorts of quotas, outright bans and special case addendums on an item by item basis that tended to make it impossible to bring in any manufactured product from a country that didn't have a similar wage scale and standard of living to our own. It was a wonderful system and should be restored and I think it will be before long. This is a place where the progressives of the left and the American nationalists of the right can make common cause wage a fight to the death against the globalist traitors in our midst. But the real crime is what has happened to the working class in hundreds of small nations around the world as the globalists have forced open their markets to the agents of the "lowest cost producer" nations. This was accomplished through vast bribery and various threats to leading politicians of these places to sign on to the Uruguay Round tariff reduction timetables. But when the our protective tariff walls are restablished you will see tariffs rise everywhere else. The misguided men of the David and Nelson Rockerfeller ilk were the "big thinkers" of their day who thought they were "saving the world" (while lining their own pockets, of course). Thats a familiar theme in the modern world and before them Marx, Lennin, Hitler, Mao and others thought they had landed on the "big idea" that would "save the world" down through the ages. But the problem is that the world is moving too fast and the best ideas of these geniuses are soon rendered worthless. The Rockerfeller era globalist idea relied on an unfounded belief in the advance of science to solve all mankinds problems. But what I think (and I have a science education) has happened instead is that we have reached "the end of science" a bit like the "end of history" that was bantered about a few years ago. There is almost zero chance of some great leap to the discovery of a hyperspace drive, anti-gravity or even nuclear fusion. Not for hundreds of years and quite as likely NEVER, EVER. Of course there will be refinements and marginal discoveries but advancements of the type that occured in the first half of the 20th century are extremely unlikely. And if so then we are just stuck here in this Newtonian environment with only the resource gifts given us by our maker. We should not squander them. With only maybe a single lifetimes of oil left do you really think that air travel and ocean freight as we know them will continue on through the ages propelled by ethanol and bio-diesel? Even the very soil is precious; look what happened to much of China's ages ago. Without the US Navy protecting the sea lanes what do you think will happen to global trade? Lacking the US military to keep order in critical spots around the globe what do you think will happen to global trade? The lynchpin in this whole rotten edifice are the corrupt oil dictatorships in the middle east. We are just a couple of nuclear detonations from the place once again becoming an unimportant sand desert. The whole structure is fragile. In the US we are just a single recession away from the emergence of a powerful anti-globalist political movement. And we here, the American voters are the only people in the world capable of ending globalism. I think we will do it, and in my lifetime. Slagle

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