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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: arun gera who wrote (233793)12/20/2009 12:31:23 AM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
arun, who made money on the outsourcing? that would be wall street. who makes money on debt? that would be bankers. who was bailed out to the tune of up to $24 trillion dollars? that would be bankers. who gets to legally le about their balance sheets?

is there any real question who the fed and government works for?



To: arun gera who wrote (233793)12/21/2009 6:53:05 AM
From: dealmakr Read Replies (1) | Respond to of 306849
 
>did he ever object as MILLIONS of jobs were shipped over seas? why no, he didn't. anyone that actually cared about employment did>

Maybe United States (and other nation states) being autonomous has been an illusion for some time and that Federal Reserve Of United States has always designed its policies to support the global economic/financial system. After all outsourcing has always been there. Were there huge outcries about jobs being created in Japan, Germany, France and Italy after World War II? Do you think when you buy expensive French perfume and wine that you are outsourcing jobs to France? Does it become unfair to ship jobs overseas when the person on the other side is a non-white (I did not hear big complaints about shifting call centers and IT jobs to Ireland in the 1990s even when there was a recession in the US)? Is it okay to ship jobs from New York city to Omaha based on price but not okay to ship jobs from US to Phillipines based on price?

Citizens in developed nations whine a lot when they end up with temporary disadvantages in the changing global economic system. And they have no empathy for people overseas who end up with bad bargains all the time , even through they may be working harder than most citizens in the developed world."

Question to the CEO braintrust;

If you send all the jobs overseas, who will be left here to buy your stuff?

dealmakr