Politics
Out of context: Reply #6127
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- TheBlueOne0
Some truth, quite a bit of hyperbole. The US does in fact have a fairly robust manufacturing sector that produces high quality goods. The downside is that these are items that do not require the raw manpower of cheaper assembled goods as manufactured in China and sold in Walmart. Heck, we can still build a good car, albeit it seems only under foreign owned management.
I'm in fact rather bullish on the US long term economically speaking. We are in a much healthier position demographically and educationally (for the moment) than either Europe, Japan or China (the first two with aging, non -growing populations and China with it's weird one child demographic bottleneck). We still generate most of the world's intellectual capital (an area that we must seek to maintain, and not through copyright law razzle dazzle, but rather through continued government and private education investment in science/tech)...
And until we don't, the US still has the world's reserve currency, and an integrated federal banking system which can set policy - something Europe most assuredly does not have.
The problem is that the current financial situation is, in fact, is that it is global in scope, The liquidity of money across markets has to be addressed. Of course the minute you start talking about this on the internet you cue the usual Ron Paul/Lou Dobbs "Oh look out here comes the One World Government and Black Helicopters" crowd. Truth is, unlike the Great Depression in the 1930's when a bank run consisted of hundreds of people schlepping to a bank and standing online for a day to withdraw funds from a local branch, today's bank runs can consist of a guy with a blackberry emptying the funds of an entire market on the other side of the globe in a minute with the push of a button.
- Furthermore, we also have viable ports on BOTH the Atlantic & Pacific..something no one else does.TheBlueOne
- ...we just have to get this corruption out of the government. I say that like it's easy...<sigh>TheBlueOne