Comments on Some Disturbing Thoughts on the US Economy

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My dear Justsouno, your two cents are not at all lame.

We are outsourcing far too many jobs. As well, we are not graduating enough engineers and other science based folk from college and are having to outsource some of those jobs out of necessity.  Not good!  Well, all I can say to that is my sister has six kids, several of whom, I believe, will be excellent engineers.  Thank God they are getting a wonderful classical, math and science intensive schooling.

Sorry to not respond sooner!

posted by JanesOpinion on February 24, 2006 at 8:54 PM | link to this | reply

Gome, I fear you may be right. I'm into gold and uranium stocks

at the moment and yes, even the occasional gold and silver itself.

Sorry to not comment sooner -- I missed these last two comments!  Thanks for stopping by.

posted by JanesOpinion on February 24, 2006 at 8:52 PM | link to this | reply

JanesOpinion -- It is time to transfer funds to a solid foreign currency
Yen would be okay, Euros fine, Donars would never fly politically and the Canadian dollar may lead the bunch. The US dollar is headed for further massive devaluation. Economic tinkerers such as your federal reserve have pulled all of the levers, there are none of the traditional domestic economy stimulating buttons remaining to push. The money spigot has been open full throttle for years now, national debt is accumulating, the peace dividend is impossible while at war and interest rates are low. You will not need the proverbial post WWII Italian wheelbarrow full of dollar bills to buy yourself a loaf of bread in the near future but you will see an across the board continuation of the lack of international appeal to own your national currency. At the end of the day however, families and us common folk can only do what we can do. I can eat less, I can drive less, and can certainly consume less and I can train my mind to economize. Perspective is easy to manipulate and one's own perspective on how much we must have of everything to live comfortable lives, being the most malleable of all perspectives.

posted by gomedome on February 22, 2006 at 9:43 PM | link to this | reply

Jane's
We will lose our power. It will not be solely because of economic crash but give away. We will lose power because we have forgotten who is our provider and we are outsourcing our very livings while we try to pay so many not to work. Nobody wants to be at any level lower than the upper middle class. That is not feasible, workable nor will a country sustain an economic base without all levels of society. Look as the weak structure of your socialists countries now. They are facing bankruptcy! Just my lame 2 cents worth.

posted by Justi on February 21, 2006 at 10:43 PM | link to this | reply

MICC is just my abbreviation

http://en.wikipedia.org/wiki/Military-industrial_complex

Wikapedia definition

http://mcadams.posc.mu.edu/ike.htm

Eisenhower's farewell address

Ike normally left the Congress part of his warnings out of his message so as not to alienate them. Once he was out of office he bashed Congress pretty good about their involvement. Wikipedia makes referrence to War is a Racket (book by Smedley Butler), which I sometimes quote. Butler was the general who Wall Street financiers offered support to overthrow the U.S. government when FDR won his first presidency. The way the offer was tendered there was no paper trail. Whether Butler accepted or rejected, succeeded or failed the Wall Street backers were at no risk. Wall Street doesn't take risks.

posted by enlighteningrod on February 21, 2006 at 6:19 PM | link to this | reply

fwmystic, then based on the premise of that movie you saw,

it is conceivable that America could gradually lose its power, supremacy (and etc) the further into debt we go?? The more indebted we are to Asia?

Have I read you correctly??

posted by JanesOpinion on February 21, 2006 at 4:19 PM | link to this | reply

Enlightenrod, it posted! I've never heard of MICC.
I shall have to google them -- thanks for your input!

posted by JanesOpinion on February 21, 2006 at 4:16 PM | link to this | reply

Burly, interesting comment. Even if their stats are exaggerated (sp?)

by 50%, I would still be concerned.  Wouldn't you?

I guess it boils down to the fact that I don't like America being the world's greatest debtor nation. Just seems, well, at the very least like poor money management.  Ya know?

posted by JanesOpinion on February 21, 2006 at 4:15 PM | link to this | reply

Fear Is Not Strength

It appears that Macs are no longer compatible with this web site. I'm on a PC to post. I can only enter subject lines with my Mac. I was trying to say...

The size of a country's army is not an indication of the nation's strength, but an indication of the level of fear that exists in that country. America is captive to the Military Industrial Congressional Complex (MICC) that Eisenhower warned against. MICC has a vested interest in creating enemies abroad for American to fear. Our foreign policy and the CIA are the tools of the MICC, and conflicts without resolutions are their goals. It means continuous demand for their weapons and expertise.

Let's see if this posts.

 

posted by enlighteningrod on February 21, 2006 at 12:04 PM | link to this | reply

Jane
Alarmist bullshit by pseudo experts. Don't believe everything you read!

posted by Burly on February 21, 2006 at 11:16 AM | link to this | reply

This reminds me of a movie I once saw ...
where the main character discovered that only so many people in the world really "mattered," through their wealth, influence and position. The multi-national corporation respects no borders and has no allegiance to anything except the bottom line.

posted by fwmystic on February 21, 2006 at 3:45 AM | link to this | reply

enlightenrod, are you drunk?

having trouble finding the right keys?

You've left me hanging by a thread . . . .

posted by JanesOpinion on February 21, 2006 at 3:40 AM | link to this | reply

Fear Is Not Strength. The size of a country's army is not an idication of t

posted by enlighteningrod on February 20, 2006 at 8:35 PM | link to this | reply

Fear Is Not Strength

posted by enlighteningrod on February 20, 2006 at 8:32 PM | link to this | reply