THE MASSIVE TRANSFER OF CAPITAL AND TECHNOLOGY FROM WEST TO EAST...WILL BE THE TOPIC OF MANY BOOKS LATER IN THIS CENTURY AND BEYOND....
WHY DID THE WEST "GIVE UP"....AND NOT DEFEND ITS ADVANTAGES AND MARKETS...?
WAS IT ALL ABOUT CAPITALIST GREED FOR CHEAPER LABOR... OR WERE THE GLOBAL MULTINATIONALS JUST DOING WHAT COMES NATURALLY IN A GLOBAL ECONOMY...
DID THE WEST...AND ESPECIALLY THE US...DESERVE ITS DOMINANT POSITION...
AMERICA THRIVED ON EUROPE'S PAIN IN THE 20 CENTURY.... BOTH EUROPE AND ASIA WHERE THROWING OFF THEIR MONARCHIES AND ARISTOCRACIES OF CENTURIES PAST... AND AMERICA WAS THE BENEFICIARY OF THAT CHAOTIC PERIOD...ALAS, NOW APPARENTLY ENDED...
ALL OF THIS WEALTH AND KNOWLEDGE TRANSFER TO THE EAST...PARTICULARLY CHINA AND INDIA...AS RESULTED IN SHRUNKEN ECONOMIES IN THE WEST...
GREECE IS JUST THE TIP OF THE ICEBERG...THERE IS ENGLAND AND EUROLAND AND THE US ALSO..."DOWNSIZING" TO MEET THE GOALS OF INTERNATIONAL CAPITAL'S MOVE TO THE EAST...
WORSE...THE INTERNATIONAL CAPITAL ELITES FROM THE WEST...ARE SHOWING NO INDICATION OF "ECONOMIC PATRIOTISM"...AND ARE ABANDONING THEIR DOMESTIC ECONOMIES FOR THEIR "NEW MARKETS" IN THE EAST... THE HOPE IS THAT THE CHINESE WILL REPLACE AMERICANS ARE CONSUMERS OF LAST RESORT...
RESULT: A DOWNWARD SPIRAL...WITH EVER SHRINKING ECONOMIES...DESPERATELY TRYING TO BE MASKED BY MORE MONEY PRINTING...
AT BEST OBAMA'S ACTIONS WERE A STOP GAP... AND TOE HOLD ON THE WAY DOWN...NOT A CURE... FEW PEOPLE THINK THAT ZERO INTEREST RATES ARE SUSTAINABLE...OR THAT THE MONEY PRINTING CAN GO ON FOREVER...
AT SOME POINT...AND SOON...A TIPPING POINT WILL BE REACHED...
AND AMERICANS WILL HAVE TO CONFRONT THEIR DISMAL SHRUNKEN FUTURE WITHOUT THE ROSE COLORED GLASSES OF MONETARY AND FISCAL POLICY...
WHY DID THE WEST "GIVE UP"....AND NOT DEFEND ITS ADVANTAGES AND MARKETS...?
WAS IT ALL ABOUT CAPITALIST GREED FOR CHEAPER LABOR... OR WERE THE GLOBAL MULTINATIONALS JUST DOING WHAT COMES NATURALLY IN A GLOBAL ECONOMY...
DID THE WEST...AND ESPECIALLY THE US...DESERVE ITS DOMINANT POSITION...
AMERICA THRIVED ON EUROPE'S PAIN IN THE 20 CENTURY.... BOTH EUROPE AND ASIA WHERE THROWING OFF THEIR MONARCHIES AND ARISTOCRACIES OF CENTURIES PAST... AND AMERICA WAS THE BENEFICIARY OF THAT CHAOTIC PERIOD...ALAS, NOW APPARENTLY ENDED...
ALL OF THIS WEALTH AND KNOWLEDGE TRANSFER TO THE EAST...PARTICULARLY CHINA AND INDIA...AS RESULTED IN SHRUNKEN ECONOMIES IN THE WEST...
GREECE IS JUST THE TIP OF THE ICEBERG...THERE IS ENGLAND AND EUROLAND AND THE US ALSO..."DOWNSIZING" TO MEET THE GOALS OF INTERNATIONAL CAPITAL'S MOVE TO THE EAST...
WORSE...THE INTERNATIONAL CAPITAL ELITES FROM THE WEST...ARE SHOWING NO INDICATION OF "ECONOMIC PATRIOTISM"...AND ARE ABANDONING THEIR DOMESTIC ECONOMIES FOR THEIR "NEW MARKETS" IN THE EAST... THE HOPE IS THAT THE CHINESE WILL REPLACE AMERICANS ARE CONSUMERS OF LAST RESORT...
RESULT: A DOWNWARD SPIRAL...WITH EVER SHRINKING ECONOMIES...DESPERATELY TRYING TO BE MASKED BY MORE MONEY PRINTING...
AT BEST OBAMA'S ACTIONS WERE A STOP GAP... AND TOE HOLD ON THE WAY DOWN...NOT A CURE... FEW PEOPLE THINK THAT ZERO INTEREST RATES ARE SUSTAINABLE...OR THAT THE MONEY PRINTING CAN GO ON FOREVER...
AT SOME POINT...AND SOON...A TIPPING POINT WILL BE REACHED...
AND AMERICANS WILL HAVE TO CONFRONT THEIR DISMAL SHRUNKEN FUTURE WITHOUT THE ROSE COLORED GLASSES OF MONETARY AND FISCAL POLICY...
