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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (78077)	8/20/2011 10:11:44 PM
From: peter michaelson	11 Recommendations Read Replies (5) \| Respond to of 217826

Chiming in here with my thoughts.....hope they seem interesting, maybe even useful... The way I see it, the economic problems in North America and Europe have little to nothing to do with monetary policy, left or right political questions or anything else those nations can control. Everyone spends way too much energy blaming the other guy, and very few have clarity on the real situation. What's really happening is gigantic structural shifts in the worldwide economy. Whether its gold backed or fiat, democratic or republican has little bearing on the matter. Simply put, the labor force in the global economy has doubled and tripled in recent decades with the opening of China and India. I ask people here in the US to imagine for a moment that no restrictions on immigration exist. Suddenly 200 million Chinese show up to compete for American jobs. Imagine the impact on wages and how wages cut in half might ripple through the economy. Hint...people will argue endlessly to maintain their piece of a shrinking pie. They will be angry and depressed. They will rush from one false answer to the other. Well, immigration is restricted, but labor that was formerly done by americans is now being done by Chinese. This obviously reduces American income and increases Chinese income. Slowly Chinese will become richer and Americans poorer until its not so much cheaper to outsource labor. Short of reversing 70 years of American policy promoting open markets, there's nothing to be done. There are no government policies which can prevent this from happening. Americans and Europeans will inevitably lower their costs of production while waiting for china's to rise to near parity. I've noticed that people simply hate going backwards. They will whine and fight amongst themselves. But the productive thing to do would be to recognize the real situation and lower expectations. No growth in the us is possible until there is much greater income parity with the emerging economies. Let's just get used to it and spend our energy investing in the future. We remain very wealthy. Almost everyone has enough food, a warm home, enough food, their own automobile, etc. Still wealthier than most of the world. What is all the whining and complaining really about? To expect constant growth and no setbacks is just childish and counter-productive. Ok you all can have your soapbox back now.

To: Wildstar who wrote (78077)	8/21/2011 9:44:16 AM
From: paul61	8 Recommendations Read Replies (1) \| Respond to of 217826

It is sad to see no one mentions cutting the Military/Industrial Complex(MIC); ENDING ALL WARS immediately....bring ALL U.S. Troops HOME. Cut 90% 0f Homeland Security (Shades of Hitler) Budget immediately !! The State Department Budget needs to be cut as well. ALL Foreign Aid DISCONTINUED. This will do for starters. Oh yes - get out of the United Nations Organization. Just a few things you (and everyone else) forget to mention! ! ! Thanks........