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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (19052)	9/19/2003 5:48:59 PM
From: sea_urchin	Respond to of 81271

James > the US has to make interest payments on those Treasury notes to the Third World countries who buy them Of course, that's why there's a sting in the tail for the US. The "printing" is not for free, it's only a time contract. But now, with the rates almost half of what they used to be, the hit is only half as big. Unfortunately, as we know, the Fed is printing more than twice as much as it did so the advantage of the cheaper rate is already lost. stockcharts.com[w,a]dallynay[dm][pd200,2] > They also are losing big time because those same countries (like China) won't sell our goods and in other countries we are not competitive because of the price of our products. I don't think people have a prejudice against American goods (although some might), the problem is that no-one can compete against China with its slave wages. > It seems the ship of state is top heavy and also taking on water. Yes, but others would argue that big government is necessary as the "employer of last resort". Clearly, government doesn't "produce" anything even though it employs people. Furthermore, the economists include the wages of those employed by the state in the Gross National Product. According to the argument, therefore, the more people who are employed by the state the more the economy is "growing". As you see, everything is tied into the same BS story --- people are employed to produce nothing, they are paid by the state with money which the state borrows, and they spend this money to buy goods which are made in China --- that's called a "growth economy". And then, we are told on CNBC that the market is rising because business is doing well. Finally, when business does make a little profit what do the directors do with it? --- they invest it in China! And for this Americans are fighting and dying in Iraq!