Post by phil scott Post by Straydog Post by email@example.com Post by phil scott
I think in the US there will be a big shortage of that talent....
however not abroad, a half starved chinese PhD in engineering can
spend all the time he needs to come to world class levels on that
software, and the work can be sent back and forth in PDF files etc.
Eventually India and China's labor may end up becoming "expensive"
If the US wanted to slap tariffs on imported good and (somehow) imported
labor, the trade deficit would be gone overnight.
Why this does NOT happen is "the noise" from economists, and the fact that
big business in the US has the govt in their pockets (our plutocracy, not
democracy) and our govt tells us the story that "all this is good for
keeping prices low for all you 'underlings'" but the real story is "hey,
all you CEOs, anything for your profits as long as we keep getting
campaign money donations."
Post by firstname.lastname@example.org
such as what happened in Japan and Germany over the last 60+
years. Though how long this will take to happen is unknown,
considering the population of these two countries is in the billions.
One day the birth rate and population growth may very well start to
become negative in India and China too. When this day will come, we
may already be deceased. Maybe generation-Y and successive
generations will live to see it.
The reason you are not seeing "made in Japan" stamped on imports any more
is that the factories owned/operated by Japan are not in Japan any more,
but China. Japan loves to make high net profits, China loves to get its
economy up to speed, and most people in the US (except those whose job got
offshored and now can't find work except Walmart, etc., if they can find
anything) love cheap products. Where will we be in decades?
Post by email@example.com Post by phil scott
I was also spending my money in the US, furthering the broader
economy. much of the HIB and illegals money is going
offshore.....accompanied by a huge sucking sound.
Maybe our glorious govt can fund its civil service retirements ( up to
10x or 15x !!the average in the private economy, police and fire at
10x) by going after the half starved engineers turned handymen, in
competition with illegals with contractors licenses no less.
The government will most likely solve this problem by the path of
least resistance: printing up money over a long period of time.
Nah, even better. Not enough people know that banks actually create more
money than printing ever will. The only thing you have to do is keep the
economy going. For every dollar you deposit at the bank, the bank loans
out 95 cents of it the next day, which gets deposited into another bank,
and then 90 cents gets loaned out the day after, and the cycle goes on.
This is in all of the books on banking that I've seen. All you have to do
is read it and scratch your head. As long as the economy keeps going, we
don't have to worry. You need to read Edward Griffin's book "The Creature
how money works. Much better than Galbreath's book on Money.
indeed I should read it... in the meantime do you have a short
No, I have a long review: here it is...
"The Creature from Jekyll Island: A Second Look at the Federal
Reserve" by G. Edward Griffin ( ISBN 0912986182 ) Second edition
(fifth printing), 608 pp. I think there is a 3rd edition, now.
What attracted more of my interest was the blurb on the back:
"Where does money come from? Where does it go? Who makes it? The
money magicians' secrets are unveiled. We get a close look at their
mirrors, their pulleys, cogs, and wheels that create the grand
illusion called money. A dry and boring subject? Just wait! You'll
be hooked in five minutes.... This book is about the most blatant
scam of all history... the cause of wars, boom-bust cycles,
inflation, depression, prosperity."
Yep, I was hooked. From the table of contents:
"What is the Federal Reserve System? The answer may surprise you.
It is not federal and there are no reserves. Furthermore, the
Federal Reserve Banks are not even banks."
And the author explained all this in the book.
To give you an idea of what was involved, here is a quote from page
"...riding in the car at the end of the train, were seven men who
represented an estimated one-fourth of the total wealth of the
entire world." I copied that correctly, one-fourth of the total
wealth of the entire world. They were: Nelson Aldrich, Abraham P
Andrew (Secy US Treasury, Frank A. Vanderlip (prez of the most
powerful bank at the time), Henry P. Davison (J. P. Morgan),
Charles D. Norton (J.P. Morgan), Benjamin Strong(J.P.Morgan), and
Paul Warburg (representing the Rothshild dynasty). Jekyll Island is
a real place and the meeting of these guys was kept secret for
years and even denied to have taken place. The meeting was to
create a banking cartel that did not look like a cartel or a bank
but was to allow private interests to make money (in more ways than
one) and shift any and all risk to the taxpayer.
I will say that after reading the book I was truly blown away (more
way below). Anyone reading this post can go to amazon.com and click
on books, advanced search, then put in the ISBN and look at that
page, or, copy and paste the URL below (watch out for CRs since the
line is wrapped).
Amazon says that:
Customers who bought this book also bought
* The Case Against the Fed by Murray N. Rothbard
* Secrets of the Temple: How the Federal Reserve Runs the
Country by William Greider
* What Has Government Done to Our Money by Murray N. Rothbard
* The Shadows of Power: The Council on Foreign Relations and
the American Decline by James Perloff
* Tragedy & Hope: A History of the World in Our Time by Carroll
So, readers are not just casual and superficial.
And, Greider's book (see above) is another very amazing book (I
didn't read it, but I read book reviews and the blurb) where the
author did all the research in a very thick book that showed how
the Federal Reserve actually caused the 1987 stock market crash
(and I know people that lost a lot of money in this crash).
Griffin's book talks about all of these.
On a separate piece of paper, I listed all the pages of very
amazing paragraphs from probably 50 pages or more. I mean really
amazing. It is totally beyond me to quote these for your benefit.
Yes, wars were caused and promoted and had their financing arranged
by cliques and families of the rich or people who controlled money!
Its even a bigger deal than the book(s) on the Krupp family and
Germany. Conspiracy? Yes, England dragging the USA into the war
with the sinking of the Lusitania. It was all a setup.
The author is not a crackpot. The book has a large number of
references to the serious historical and banking literature. I
actually looked up a few, including one book on the sinking of the
Lusitania and a lot of the details surrounding the investigation.
The guy in charge of the investigation refused to take a fee for
the job (it was a coverup) and, later in years, said it was all a
"damned dirty business."
Also, right there on Amazon there are 82 reviews of the book. Yes, 82
reviews of Griffin's book. All that I read were better and more detailed
than the one I'm writing here. I had the distinct impression that the
authors of these reviews knew a lot more about the subject than I did.
Conspiracies? The book describes many and cites references. I
looked up just one:
"Tragedy and Hope..." by Caroll Quigley
you should find the text below:
Publisher: GSG & Associates, 1975.; Reprint. 1,348 pages. "The
powers of financial capitalism had a far-reaching (plan), nothing
less than to create a world system of financial control in private
hands able to dominate the political system of each country and the
economy of the world as a whole" - Carroll Quigley. Brand new
hardback. Satisfaction guaranteed by professional seller. All books
plastic-wrapped for shipment.
The name "Carroll" is misspelled as "Caroll" in some places.
The author's agenda seems politically conservative and he is
definitely on the warpath to have the Federal Reserve system
abolished. Entities such as the World Bank, according to the
author, are conduits for the flow of money from the USA to
developing countries as part of "carrots" and "pitchforks" to alter
their political ways (including trade treaties, interal human
rights, etc.). I think that elimination of the Federal Reserve will
not happen (and at least not in my lifetime) and I'm not sure its
a good idea because it will surely cause major problems all over
the world. As far as the world bank and influencing international
political systems involving the flow of money and the author's
notion that we should get out of the UN and get the UN out of the
USA, I'm not so sure about that, either. I'd like to hear from the
oposing side before giving my judgement. However, as a lesson in
how money works and as a lesson in how private financial interests
of very small numbers of very powerful and rich people (or people
in control of very large amounts of money), it is an excellent
book. The author is in favor of returning to a form of money that
is either made of precious metals or at least backed by precious
metals. His case and arguments are compelling but I won't take a
stand on the issue without thinking about the issue a lot more.
But, as a forewarning of future "storms" of our economy and the
world's economy, its pretty clear to me that -- yes -- there will
be economic collapses and depressions again in the future and a lot
of people will be hurt and hurt badly.
The Federal Reserve is the US system of a central bank of a
government. The Bank of England is a similar central bank. Most of
the modern countries have their own central banks and, from the
book, apparently operate in very similar ways: they manipulate
currencies, arrange funding of wars, and the population at large
doesn't have the faintest idea what is going on.
Griffin also explains how the Federal Reserve was _causally_ involved in
the great depression of '29. The crash was engineered by the Fed and even
before the crash, rich people were warned consideralby in advance to get
out of the stock market. And, they did. And, how! The depression that
followed the crash was not anticipated and not meant to take place
(thanks to Murphy's Law and "The best plans of mice and men oft go awry")
but it happened and lots of innocent people got hurt bad.
I know I have dissed economists all over the place in recent years
but I have more respect for the "moneychanger" business and the
world of money, banks, and business in general. That is where there
is power and control, and as far as I'm concerned, the stuff in Griffin's
book is important and significant. I had the feeling, after
reading this book, that all of this "New World Order" has, under the
surface, still more machinations from the rich and powerful.
Post by phil scott
my guess, is that money is only a medium of exchange after all, not
the good itself, so that as long as the people can be coaxed into
producing goods and others lent enough money to buy them, all is well
in river city.
not such a bad premise either.
My life has been in trouble shooting various types of systems though,
so when I see a pig flying though the air, wonderful at it is, I start
looking for lipstick on it...once with the lipstick and you know
someone has put it on...its bogus.
accordingly I look for an underlying basis... vastly skinnier pigs
with wings? that would work... or maybe the pig is still fat as hell,
no wings..and is flying... was it shot out of a cannon? something is
behind the flying pig thing you see.
underlying any nations economy are both interim economic cycles, and
the life cycle of the host nation and peoples... at the end of the
latter cycle there are indicators.... skyrocketing exponential bloat
in the size of govt, production declines because of a lazy and/or
insufficient work force (due to over taxation by govt of the working
class, to fund the govt bloat). criminality ensues, wars are begun
to get the natural resources of other nations (vital at that point to
survival as production has gone to hell),,, the cost of the wars
bankrupt the nation.. with no strength in its people to fall back on,
govt collapses..... the nation reboots on the remnant....100 years
later it is viable again.
we in the US regardless of how we do our medium of exchange are fast
becoming non competitive in the world market, that translates to no
income besides loans...the current condition to a large extent.
When current actual income is less than the loan payments the nation
defaults,, loans cease, and collapse ensues.... even if they print or
the banks spin into being a billion dollars a second... its all
bogus. the world knows it.... there is insufficient production to
dig out of the mess.