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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%4:00 PM EST
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To: Cogito Ergo Sum who wrote (83646)11/26/2011 11:32:54 AM
From: carranza22 Recommendations  Read Replies (2) of 218068
 
not at all.

globalization commenced in earnest in 1995 with the WTO. trade barriers went down significantly. IP as well as capital flowed freely throughout the globe, facilitating the incredible rise of emerging economies to the detriment of the developed ones. all you have to do is measure the growth of chinese, brazilian and indian gdp from 1995 on to get the picture.

to suggest that we have benefited because our multinationals have prospered is simply wrong. the prospering multinationals are functionally stateless; they keep a ton of their money overseas, outside the USA where capital spending is desperately required.

we have gutted ourselves to benefit the rest of the globe. do you see any benefit to us for this sacrifice other than enormous deficits, unemployment, increased poverty, etc.? any gratitude for this enormous transfer of capital and wealth?

as an empire, we are in the process of self-dismantling. we can thank clinton for he was the primary thrust behind globaliztion. i hope he sleeps soundly.

as you can tell, i believe in protecting national interests. our leaders have done everything possible to destroy them, and we've permitted it. i don't think obama knows what self-interest is, unless it comes to to getting votes.

no chicken or egg.
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