GOLD IS MERELY THE SYMPTOM OF THE ECONOMIC DISEASE THAT GRIPS THE DEVELOPED ECONOMIES ... ITS NOT THE CAUSE...
THE NOTION THAT EXPOUNDING ON THE NATURE OF GOLD AS AN ASSET WILL SOLVE ANYTHING IS NONSENSE...
PRINTING MONEY IS THE ISSUE...AND THE NEED FOR MASSIVELY INDEBTED ECONOMIES TO MONETIZE THEIR DEBTS...
OR EVEN WORSE , TO "STIMULATE CONSUMPTION"...OF GOODS THEY DON'T PRODUCE...AS BERNANKE IS DOING IN THE US.
AMERICA AND CHINA ARE IN A TOXIC RELATIONSHIP... MULTINATIONALS WANT CHEAP LABOR...CHINA WANTS FACTORIES AND JOBS FOR ITS PEOPLE...
CURIOUSLY ITS WORKED WELL...FOR CORPORATIONS BUT NOT FOR ORDINARY AMERICANS ON MAIN STREET... WE HAVE THE CHEAP SHOES...BUT NOW ALL THE FACTORIES ARE CLOSED...AND THERE IS MASSIVE HIDDEN UNDER EMPLOYMENT...
THE TRADE DEFICIT IS NOT EVEN MENTIONED ANYMORE ...AS CAPITAL FLOWS OUT OF THE US ECONOMY AND INTO CHINA...
DEFICITS ARE THE CAUSE OF THE PROBLEMS...IN TRADE, AND IN THE BUDGET...
LETS TALK ABOUT THOSE TRADE PROBLEMS....AND QUIT BASHING GOLD ... AS IF IT WERE THE CAUSE OF THESE PROBLEMS...
AND NOT MERELY A SYMPTOM OF A FAILED ECONOMY...
WHAT WE ARE GOING TO LEARN IS THAT ...ALL ECONOMIES ARE LOCAL...AND MULTINATIONALS AND GLOBALISM IS AN ECONOMIC BLASPHEMY...
POSTSCRIPT : WHEN THE BRITISH CONTROLLED INDIA...CHEAPER INDIAN TEXTILES MIGHT HAVE CLOSED DOWN BRITISH TEXTILE PLANTS...
BUT THERE WAS AN AGREEMENT THAT "THE COMPANY" NOT IMPORT TEXTILES THAT WOULD CAUSE PROBLEMS FOR BRITISH PRODUCERS...
SO THE NOTION THAT AN ECONOMY IS NOT LOCAL IS REALLY NOT SUSTAINABLE....
ITS ONE THING TO IMPORT SPICES AND BANANAS UNDER CLASSIC FREE TRADE DOGMA...
BUT SHOES AND COMPUTERS IS ANOTHER...
GET IT...?
THE NOTION THAT EXPOUNDING ON THE NATURE OF GOLD AS AN ASSET WILL SOLVE ANYTHING IS NONSENSE...
PRINTING MONEY IS THE ISSUE...AND THE NEED FOR MASSIVELY INDEBTED ECONOMIES TO MONETIZE THEIR DEBTS...
OR EVEN WORSE , TO "STIMULATE CONSUMPTION"...OF GOODS THEY DON'T PRODUCE...AS BERNANKE IS DOING IN THE US.
AMERICA AND CHINA ARE IN A TOXIC RELATIONSHIP... MULTINATIONALS WANT CHEAP LABOR...CHINA WANTS FACTORIES AND JOBS FOR ITS PEOPLE...
CURIOUSLY ITS WORKED WELL...FOR CORPORATIONS BUT NOT FOR ORDINARY AMERICANS ON MAIN STREET... WE HAVE THE CHEAP SHOES...BUT NOW ALL THE FACTORIES ARE CLOSED...AND THERE IS MASSIVE HIDDEN UNDER EMPLOYMENT...
THE TRADE DEFICIT IS NOT EVEN MENTIONED ANYMORE ...AS CAPITAL FLOWS OUT OF THE US ECONOMY AND INTO CHINA...
DEFICITS ARE THE CAUSE OF THE PROBLEMS...IN TRADE, AND IN THE BUDGET...
LETS TALK ABOUT THOSE TRADE PROBLEMS....AND QUIT BASHING GOLD ... AS IF IT WERE THE CAUSE OF THESE PROBLEMS...
AND NOT MERELY A SYMPTOM OF A FAILED ECONOMY...
WHAT WE ARE GOING TO LEARN IS THAT ...ALL ECONOMIES ARE LOCAL...AND MULTINATIONALS AND GLOBALISM IS AN ECONOMIC BLASPHEMY...
POSTSCRIPT : WHEN THE BRITISH CONTROLLED INDIA...CHEAPER INDIAN TEXTILES MIGHT HAVE CLOSED DOWN BRITISH TEXTILE PLANTS...
BUT THERE WAS AN AGREEMENT THAT "THE COMPANY" NOT IMPORT TEXTILES THAT WOULD CAUSE PROBLEMS FOR BRITISH PRODUCERS...
SO THE NOTION THAT AN ECONOMY IS NOT LOCAL IS REALLY NOT SUSTAINABLE....
ITS ONE THING TO IMPORT SPICES AND BANANAS UNDER CLASSIC FREE TRADE DOGMA...
BUT SHOES AND COMPUTERS IS ANOTHER...
GET IT...?
