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Termyn8or -> RE: Jobless Rates announced (9/5/2008 11:29:28 AM)
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According to Kevin Phillips, 20% of the GDP is in "financial services" and 13% is in manufacturing. What did you expect ?
When I said the election of Ron Paul would cause the bubble to burst, I was right. Better sooner than later. This situation is the exact opposite of "the bigger the better". Yet they just keep printing more money, and someday even $100 an hour will not be enough on which to subsist.
So I mention 33% of the GDP, where does the rest come from ? Service. Specifically service that cannot be exported. They will export any job they can.
This is ridiculous, I remember when it cost DOLLARS per minute to place an overseas phone call, but now somehow it has become cost effective for your toll free tech support lines to cross the Atlantic.
First and foremost, we need to make the US again an attractive venue for manufacturing. All we seem to want to do is make money off of money these days. No products are going out the door. We are not bringing any money in. We cannot even fulfill our own needs anymore.
At times I report and purport that we are in a crisis and headed for a disaster, and some might see me as chicken little. The fact is becoming apparent, however, that the sky really is falling.
Doing well ? Got alot of money ? It is coming to you, when you take that money out of the bank it is worth less today than it was worth yesterday, and the nice part about this type of fall we are taking, is that it will affect the richest the most. Of course the smarter ones are investing in foreign currency or precious metals, leaving us to take a bigger bite of the shit sandwich they made.
[from memory]
Hey eveybody won't you lend me your ear,
There's something to fear it's clear and it's near,
Too many people getting rich off raping the land,
I don't understand why we don't take them in hand.
I don't want to be their fool no more.
Those words are from a song written twenty years ago at least, and couldn't be truer today. The PTB have simply propped up the situation, and have done absolutely nothing to fix it, in fact they have done quite the opposite. These are your leaders, but I don't consider them mine. They have ruined one of the most prosperous and productive countries in the world. And folks, they have hampered our ability to recover in ways that would boggle your mind.
We recovered from the great depression because we had the ability to produce. Not because of the things FDR did. The better economic times we have had in our time have been the result of a strong manufacturing base. It is a simple idea in essence, instead of paying others to do the work, we do it ourselves. That concept seems to have been lost.
The average person, while having a small part in the problem, went along with it. Big money is what caused, and has perpetuated the problem, and indeed fortunes have been made (for the few). The US population could have made a statement time and time again, but noone thinks of the collective good.
When Zenith moved their plants to Mexico, we could have refused to buy Zenith products. We could have refused to buy Hondas and Toyotas, but we didn't. We were only concerned about our own little world and this is how it has paid off.
People do not realize that the commoner, the working Man, or Woman, is actually the source of all wealth in the world. That's why when I quote or cite Pierce and get stomped on, I stomp back. In his article "The bums are white again" he gives a very good description of true wealth. True wealth can only be created by taking the resources we have and turning them into something more useful. Anything else is just a redistribution. No wealth is created. Work is wealth.
I am very glad that I don't have kids, and if you do, MAKE SURE you teach them well or find someone who can. Only a select few will make it in the future economy. I believe we are going to see doctors working at fast food joints. I believe we are going to see engineers working as bartenders.
But they will be working. Where will the other 299,999,999 of us be ?
T
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