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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (63198)	5/3/2005 11:44:36 AM
From: Slagle	Read Replies (1) \| Respond to of 74559

TobagoJack: Re: "not perhaps mistaken" I believe that you are mistaken but in any event I surely respect your opinion. The point of view that I am trying to present is that of the mostly rural/suburban/flyover city landed gentry of the "red" states. That is a viewpoint that is very unrepresented here and one you should consider because we are a powerful group, maybe the most powerful of the American electorate and in many other ways outside of politics. My class has done well in recent years, indeed all my lifetime, especially in the Old South. Others have done less well but still most every part of the country and most all classes have found their economic conditions acceptable in recent years, though with some slippage by some measures. Why should we complain? No reason whatsoever so far. But you and some posters on this board think that we are in for a great fall and I think that you may be right as there are some real problems looming. But some here seem to think that a loss for the US economy will result in a gain for China and in this belief I think you are mistaken. The globalist "one-worlder" type of leadership which the American public has tolerated for nearly 100 years can trace its globalist leanings to the British "Roundtable" free traders of that era and to a sort of progressive international do-gooderism which came along later. The progressive wing of these globalists really wants with all their heart and soul to benifit developing countries like China, even if it is harmful to thier own native land. I know this to be true for I have visited many of these folks in their haunts and have listened to their ponderings with my own ears. <G> Jay, the problem is that globalism is not working. Ten or fifteen years ago when a whole host of little nations were persuaded to drop their tarrif walls by degrees over a long period began the process with a great deal of hope. It has been a disaster, for the most part and lots of these places are fudging on their tarrif reduction schedule. All of these places that I have been to recently were much better off a decade ago; even Mexico is suffering. The next time you go to Mactan cross the bridge over into Cebu and go out and look around. The main problem is free trade, it has destroyed the local economy. Now you seem think that the US will follow suit. If it does we will have protectionism in spades and your "sock factories" will sit idle and your restive billion from the interior will become ungovernable. This nations agriculture could quite easily feed the population and more using no oil at all, using draft animals; we did till quite recently and the main problem was overproduction. Could China? I don't think so. Be careful what you wish for. Slagle