THE INTERESTING FALLACY OF THE OBAMA "RECOVERY" IS THAT IT ASSUMES THAT THE AMERICAN ECONOMY HAS A BEATING HEART...
BUT THE BEATING HEART OF THE US ECONOMY IS NOW IN CHINA...BECAUSE THAT'S WHERE ALL THE PRODUCTION IS...
THE AMERICAN ECONOMY WAS COMPLETELY DOMINATED BY CONSUMPTION BASED ON "INCOME" FROM THE VARIOUS SERIAL ASSET BUBBLES... ...UP UNTIL SEPTEMBER 2008...!
AM I LYING ABOUT THIS ..? NO! ...AND EVERYONE KNOWS IT!
BUT THE DIVIDE BETWEEN THE CHINESE ECONOMY AND THE US ECONOMY IS NOW PRECARIOUS...
BY "STIMULATING CONSUMPTION" WE SIMPLY HELP THE CHINESE ECONOMY...NOT THE AMERICAN ECONOMY...BECAUSE AMERICANS DO NOT MAKE WHAT THEY CONSUME...
SIMPLY PUT...THE AMERICAN ECONOMY CAN NOT BE DE-FIBRILATED BY KEYNESIAN ECONOMICS...BECAUSE THERE IS NOTHING THERE TO DE-FIB...!!
THE ECONOMIC "HEART" IS MISSING... IT'S A ZOMBIE ECONOMY...PERHAPS THE WORLD'S FIRST!!
WHEN THE FACTORIES ARE "TRANSPLANTED" BACK TO AMERICA...THEN KEYNESIAN STIMULUS CAN WORK...
OBAMA IS TRYING TO DE-FIB A ZOMBIE ECONOMY IN AMERICA... AND IT JUST ISN'T GOING TO WORK...
WHAT WILL WORK...?
FRANKLY, AT THIS POINT...WE NEED SOME WAY TO "RAISE THE DEAD"...
AND I'M NOT BETTING ON THAT ANYTIME SOON...!!
