Debt is backed by the creation of securities, the same as
any corporation creates when they want to raise capital-
and they either pay those based on future earnings, or they
pay them at their maturity by the gained capital holding,
which represents value, they can convert to payment or
other stock options to satisfy that debt.
people in the country are tripped about a bit of money, but
they said nothing when GBII doubled the national debt,
and never created one job, nor of the 10 billion probably
15 billion a month it cost to fight the wars he created..
but Americans squak like mad about anything that helps
this country, because its filled with a bunch of people
who hate to see anything help their neighbor or their family
members.. Mostly this nations is full of grandstanding
people, with a "look at me, I got mine attitude",
followed by, Hell no I'm not helping anyone unless
they live outside the borders of this nation.
People should have seen the level of intellect that is lacking
during he campaigns, even McCain had to tell some of his
back woods mentality support to basically shut up with
that ignorance they spew.
This nation is only spending a fraction of what it needs
to spend, with a world of nations having their currency
pegged to ours, we should be out spending them 10:1
but also this nation failed to make adjustment to its import
policies for all those years, when it had record proof,
that china was showing consistently a 23 or more billion
dollar a month trade deficit, and they did nothing, because
the lobbyist for all the American companies who operate
on chinese soil trying to take advantage of labor at slave
wages, did not want to obstruct their easy flow to flood
these markets with goods, this country did nothing but
go off shore, and create systems to build monopolies because
they know it was illegal to do so here, and they sought to
capture and decimate any market in this country for the
self gain, which belonged to the corporate head and CEO,
it showed in how they paid themselves, and the lavish waste
they engaged.. generally American knowledge can't
digest that much information in such a broad spectrum,
because here peoples minds shut down if you speak about
details and compounded functions, they nearly fall asleep
and their first impulse is to go find some entertainment,
get some drugs, get a drink and tune out. this is justified
by the stats that show we are the major consumers of drugs
from south of the border, and the volumes of consumption
only get larger ever year. American care about which entertainer is sleeping with
the other, and gloating about which CEO can live the most
lavish and extravagant lifestyle. It's why other countries rise faster, they are more
committed to learning and they are more devoted to their
business and work details, here people can't wait
for Friday, in other countries people will work 6 days or
7 and be ready to do extra hours. they invest to build not just buildings, but they build
some the pedestrians can navigate their landscape, here
they only care about the building, .. The delusion of the
land of leisure has come home to roost, and the chicken coop
is in a shambles. and what has unfolded of which the world
is seeing, is that many business are a sham and a shell, over
leveraged and only riding on what America use to be.. and
other countries are not buying the delusion any more..
some have been calling for the un-pegging of their currency
to the US dollar, and some trade now in Euro based increments
of value. The US tried to ride too long on World War II glory,
and did not pay attention to the fast rise they supported
by sending their labor away, and then sending their dollars
away to buy what the offshore labor produced, so when you
labor is sold away and then you buy goods from that labor
you purchased over season, then logic would show clearly,
not only do you not generate products anymore, you don't
employ your people, so where are they getting the money
to shop.. and truth showed .. it came from massive borrowing..
to the tune of nearly 5 Trillion of borrowed money over the
past 8 years, and then they sold out all the value of the property
and consumed it up in more lavish living.. and now its time
to face the reality, and we as a nations of people are in shock..
the result of a nation that groomed and built itself with
slave labor, and it has scanned the globe looking for new
slaves, and when it can't capture and import them,
it exported it's labor to where ever it could find them..
for over 50 years, everything has tried to get this country
to share equity, but they did the same thing they did in the
1800's.. and that is let the plantations close because
they refused to share the equity gains of it, by refusing
to pay for the labor so all people could earn and share in
equity in this country. It remained a nations that will
cut off its own nose before it would share equally with the
people in this nation.. When women and minorities got the
right to join unions and earn equal pay, they dismantled
the unions.. but have the audacity to go to other nations
and tell them how they should address, human rights. it
will take another 25 years before those type of mindset
die out, and a new generation emerges, we've already
started down the pathway of change, but it will take years,
because a lot of the people from the old era have to die away
first. If we notice, since the 1960s, the more of the jim
crow era babies that die, the more we move toward a nations
that learns to respect all people.. and there are 20+ more
years of them that have to die off.. because they are not
going to change.
this nation can bear the debt, because the system set up
by the Bretton Woods act, assured that the country would
never go bankrupt completely and financially collapse,
because the currency is pegged to the US currency, as part
of the agreement set up with the World Bank back in the 1940's
- China was not a party to the program, so it never cared to
make any adjustments to its currency when their industrial
capacity increased to astronomical levels, they took
to dealing with a different framework of agreement. and
when the US had borrowed so much, they had no room to tell
China anything, China simply told him to go home, and leave
them alone or they would not loan anymore money. then the
more they loaned, the less of US backed securities they
would buy, and the imbalance began to show up even more so,
add that on top of wild war spending and corporate theft
and waste.. its a guarantee of financial challenges..
President Obama, has a massive task, which the average
American has no idea, they are worried about if their neighbor
gets help, and they don't even see the bigger picture.
#182 "Callaway Gardens"
8 years ago
No comments:
Post a Comment