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Archive for the ‘globalism’ Category

Pessimistic Outlook: US Government Is Broke(n), It Will Never Be Fixed

22 Mar

I remember when Katrina hit the south back in 2005. I followed the hurricane tangentially. It didn’t  hit me until the news media started calling American citizens “refugees” that I realized how bad it was.

I had a conversation with friends afterward, and they were surprised by the gross incompetence of the local, state and federal government. I looked at them, wanting to know: Where have they been the last 5-to-30 plus years? Haven’t they noticed that the US has been in a slow and steady decline since the inflationary, decrepit, corrupt and stagnate 1970′s?

Despite the celebratory big-talk of the Reagan years, I would say that when he helped usher in the we’re-going-for-broke-sorta-war against the country formerly known as the USSR, it would likewise take us down. When the government decided to have a mano-a-mano battle with the USSR, it drained a number of internal well-thought-out strategies for keeping our country whole, solid, and well functioning with it.

A rising stock market doesn’t contrast well against jobs that evaporate from the industrial US to overseas. A rising top 1% making more money than ever doesn’t contrast well against white collar jobs that evaporate from the service economy to overseas. A society cannot survive on consumption alone, it must make durable goods as well.

Every job lost is a tax payment lost. Every job lost is a Social Security payment lost. Every job lost is a Medicaid/Medicare payment lost. “Economists” love to say that the loss of a US job to someone overseas due to slave wage labor is something we benefit from, because we can purchase “cheap” goods. I wonder why they never mention that lower paying jobs here mean people could only afford cheap goods, buy less higher-end products, and contribute less to the taxes that are necessary to keep the US afloat. It is no accident that to finance its grand entitlement schemes the US is borrowing nearly every dime.

In the future, when good and excellent historians look at this country, they will draw a line from whatever took place in this country in its attempts to keep its supremacy, and what it lost in the balance. The founders had it right: let’s mind our business, and stop trying to micromanage the rest of the world.

A man fighting fires in other people’s houses will not notice that his own home is burning down to the ground.

9/11 didn’t happen due to any conspiracies within the government. It happened because of gross indifference, incompetence, and negligence. Bureaucracy exists only for the bureaucracy. It took over 40 years for that to happen. It will take another 30 plus years for the country to entirely collapse.

In nearly every facet of our lives, if it’s not Corporate America, then it’s an officer, agent, or bureaucrat of the government(s) watching, spying, monitoring, and cataloging everyone. Everyone is “guilty” of everything. Everything is illegal. Everything is restricted. Every time a “crime” occurs the sheeple request more interference, monitoring, and watching. I bet no one feels “safer” either.

Nothing improves, and nothing will improve.

9/11 put the icing on the cake for the totalitarianism this government has always wanted to embrace and deploy. A permanent war with no ending. The never ending battlefield encapsulates the entire country. The US Constitution can be ignored, suspended, and deemed irrelevant. Travel has the same atmospherics as being in a prison. Yet somehow, millions of illegal aliens can easily enter the country.

We are a prison(er) society. We will be in a state of martial law, until foreign governments stop purchasing USA debt, the country collapses under the weight of illegitimacy and stupidity, or deliberate ignorance of basic governance, fairness, due process, and economics. Take your pick.

We are told that things are getting better, but they’re not, and they wont. We’ve reached the turning point, and since the country is already flying over the cliff, there is no going back. We’re waiting for the impact once we hit bottom.

The difference for me is that I used to care. Starting today, I don’t.

Prediction

They will come and confiscate your savings and all other assets, and they wont need a reason. You can count on it. There’s nothing restraining the jackals in DC.

 

Economic Inquiry: How Does Moving Jobs Overseas Benefit US Citizens?

23 Dec

I haven’t purchased or read any books on Globalism, I usually peruse articles on the topic. I’m sure they’re nice books, especially those written by brand name journalists such as Thomas Friedman. Plus I loathe the idea of putting money into their pockets.

I’m bemused by the argument that unemployed Americans improve our overall economy.

Friedman’s book, The World is Flat, is one of those treatises that claims Globalism is great. US Citizens should celebrate the transfer of jobs from the US to developing countries (India, China and the like).

Why? Well, it helps them (and us) because, you know, somewhere down the road (decades from now) as their standard of living goes up – they’ll be able to buy stuff from us. Since our manufacturing base is shrinking, and moving overseas, exactly what stuff can these poor countries buy from rich ones?

It’s easy for tenured economists, and their journalist ilk, to write about the joys of Globalism.

Universities and media companies aren’t eliminating their particular jobs. They enjoy tenure and have no competition. At least not yet. When one is employed in a market that is 100% closed, it is easy to write that the suffering of others is acceptable, even warranted.

If a guy making $35 per hour is let go from a job he worked at for 15-20 years, how does that benefit the rest of us?

Oh right, his job goes overseas to someone who’ll make $35 per month. Yeah, the “savings” are passed back to the CEOs that run the corporation and there is product price reduction, but what about the other side of the damage?

What’s the other side of the damage?

The US Citizen’s $35 per hour salary necessarily supports the infrastructure of his local neighborhood, his state, and his country – not the rest of the damn world.

This citizen’s money went to: Social Security and Medicare / Medicaid – the entire FICA scheme, his retirement funds, local property taxes, sales taxes and whatever is left is disposal income.

The US economy survives on over 70% consumer spending.

In US politics, the rest of the world should never come above and before the interests of US Citizens.

If fair trade practices mean we buy their goods, I’m all for it.

Yet, how does a job in India and China contribute to our infrastructure?

Didn’t a bridge in Minnesota just collapse this year?

Isn’t this country running a deficit that in bills could reach the Moon?

How does this help America again? Oh that’s right, cheap products: lead based toys, poisonous pet food, polluted fish and produce, and who knows what other garbage they ship. Why do we get this crap? Because it is cheap!

And how have the lower earning among us been making do? With credit cards.

Any income gap that the low wage job didn’t cover came from borrowing. People were encouraged to employ equity loans. Their cash machines came from the rising value of homes, because the money certainly wasn’t coming from a well paying job.

Is the subprime mortgage mess making sense now?