The wealth of nations

One must realize that when we have a trade deficit it is going to prop-up some other country, when we export jobs we give jobs to another country. We basically are taking our wealth and investing it in the world, this does have a pay-back but, the big question isn't is this right or wrong (because obviously it works better than protective economy) but can it last?

Or is it a phenomenon of our tremendous wealth?

That is, are we exporting our finite capital to a burdensome expense? If so, could it or a fluctuation in world economy cause a depletion of our captial.

Without which, would the world starve as most of the world barely hangs-on even with the export of tremendous amounts of American Wealth, causing a damaging recession in the world economy?

After 50 years of IMF and World Bank's goal of bringing prosperity to the third world, it has accomplished nothing of that, instead it has made the people poorer with a heavily debt-burden third world. Developing countries are rich in natural resources. There is no reason why people in these countries should be poor.

Like the War on Drugs and War on Terror, the IMF/World Bank, is designed for a different purpose entirely than what is told to the public. Free trade, globalization (new world order), IMF, and World Bank has been designed to suck the wealth of the people and into the hands of the corporations (the elites).

Manufacturing jobs move to developing countries, like Honduras, El Salvador, Mexico, Indonesia, and Malaysia. Labor being their biggest cost, corporations employ slave labor, thus increasing their profits. The slave labors get little in pay, but still have to pay taxes. Their taxes barely covers the compounding interest on their debt from the IMF/World Bank.

Today, an American family has to have two income earners. In some cases, 3 to 4 jobs are needed. The average American wage of $8.20 or so has remained flat for 30 years. Meanwhile, taxes have increased and new taxes of all sort had been added. The third world-ization of America is by designed.

Labor exist, the world is not a desert, and world is rich in natural resources, with this fact, the world should not be starved. It's this way because it's by designed.

The source of the problem lies in the banking scam. The Bank prints the money out of nothing, the people borrow it, in debt, and works their ass off, the people are enslaved. The biggest scam ever to befall on the people.



[edit on 26-9-2006 by tazadar]

Again your argument is flawed in the first sentence of your post. The developing world is undoubtedly wealthier now than it was 50 years ago, with more commodities and services available than ever before. And this prosperity continues unabated when there are no revolutions or nationalizations.

A trade deficit does not mean our country is getting less wealthy. This is just one way that money can transfer between countries.

A simple example... Apple Computer is probably a source of some of that trade deficit... they outsource all of their production to asian countries where there computers and ipods are assembled with parts produced in asian countries. The majority of the finished products go to americans. This will have the effect of producing a trade deficit. However, using this strategy, apple has made itself a tremendous profit which causes an increase in its stock value. This increase in stock value is a creation of wealth, much of which goes to americans.

Just looking at a trade deficit and saying it makes us poorer is retarded.

I love how smart I am.

Originally posted by Stratrf_Rus
Again your argument is flawed in the first sentence of your post. The developing world is undoubtedly wealthier now than it was 50 years ago, with more commodities and services available than ever before. And this prosperity continues unabated when there are no revolutions or nationalizations.

look of course lets take my country, jordan, the people are wealthier now than they were in the 50's and 60's, but still many utilities in the 80's or 90's i think were being sold to international companies, such as lema, a french water giant, i think they specialize in delivery of water. however national debt for Jordan has been like 6 billion for the last 25 years or more, why because our whole economy is around 15billion, and tyhat's soemthing new, it had been growing, but in the 80's it was maybe like 10billion, and in the 90's there was great recession, there was s ort of depression. the World Bank has failed to make plans that would result in the economic growth necessary to pay back the debt burden. the World Bank pushed the third world to build nationalized companies in the 50's and 60's i think, by the 80's these companies were going down and dragging the thirld world economy along with them, then the World bank gave those companies to the large internationals....

i don't really have time now to write everything, but there are many things that have been done "weird" by the the World bank and could've been done better....

The wealth of nations

A very good book, btw, and worthy of critical reading.
www.google.com...

Originally posted by Seekerof

The wealth of nations

A very good book, btw, and worthy of critical reading.

www.google.com...

I quite agree.

It should be mandatory reading at the high school stage... If you can't read it then and fully understand its passages, you haven't been thoroughly educated, imo. The same would include the Federalist Papers.






[edit on 29-9-2006 by loam]

Originally posted by Stratrf_Rus
... We basically are taking our wealth and investing it in the world, this does have a pay-back but, the big question isn't is this right or wrong (because obviously it works better than protective economy) but can it last?

? can it last??

you might come to a conclusion if you scan over this page:

samvak.tripod.com...
[a chapter from "The World in Conflict and Economies in Transition"]
the page linked; "Bursting Asset Bubbles" by Sam Vaknin, Ph.D

Originally posted by Stratrf_Rus
Without which, would the world starve as most of the world barely hangs-on even with the export of tremendous amounts of American Wealth, causing a damaging recession in the world economy?

This notion of free trade is what I call "criminal trade". There should be 50% tarrifs on almost all imports coming into the US.

Communist nations also love free trade because it allows them to be able to dump all their cheap crap on our markets and pay no penalties and how the heck are Americans supposed to compete against slave labor in nations like China? One deal China has is that they invest in US Treasury Notes if the US sells their products and that also requires the Chinese to keep their dollar as low as possible. However, it is getting interesting now because China is now worried they are going to be stuck with devalued American dollars and so they are slowly moving their investing into Gold. So, the little friendship between China and US and the free trade are both soon coming to an abrupt end.

I do not blame corporations from wanting to go to India when the US government continues to raise taxes but I'm sorry, I'm sick and tired of dealing with terrified people that cannot provide me a return phone number because their slave masters in India do not want me to know where they are calling me from! I don't think customers feel well treated when they have a US service and cannot even speak to a manager who should be close enough, to care enough! Do we all like having 3'rd world nations having full access to all your medical and insurance policies? So much for privacy.

Besides, I KNOW stuff made in the USA is often better quality and I will pay more for it. At the end of the day, do we all really save anything on free trade? So who does save then? And if I am bringing home a decent salary in US funds, then eventually the economy will boom. On the other hand, the intention is to destroy the middle class, so this is also deliberate. Now throw in El Open Border with Mexico and we now have anoher problem also. One of the constant excuses I hear from people who are in favour of free trade is" " well, the Americans cannot handle doing all these dirty jobs - Americans do not want these jobs..blah blah". Well for those people who do say this, let me ask you a question: "did those factory/assembly line workers, waste disposal, the guy in the grocery store, the guy in shipping and recieving and anyone esle who has had their jobs outsourced, decide to lay themselfs off?" Obviously, if they are paid well, we will have people ready to do all sorts of jobs in America and also people ready to invest in America and spend there also.

IBM just bailed the last location from manufacturing in the US and moved into China. Gee, I wonder what would happen if we started imposing huge tarrifs on all their goods? I bet they would be forced into coming back to America and hiring some people back. America did not become number 1 based upon competing against other nations that pay slave wages, America become number 1 by having their own people wealthy enough and a strong economy and those wealthy people were buying and selling within America - period!

America is now in a recession (as of the last couple weeks) - but of course they are not telling the American people the truth about it. The whole deal with the dollar devaluing is not as simple to explain but it has to do with the banking cartel manipulating it daily by shorting Gold and Silver, foreign investments, real estate, free trade, the precious metals, oil and so many other factors. But you are correct in assuming that America is in trouble - they are and do not let anyone tell you otherwise! And we will soon wake up a second class nation unless something is done to stop it. The middle class in America is under attack by Fabian Socialists and international bankers. Please see my post here on what is happening also.




[edit on 1-10-2006 by Cinosamitna]

well actually i agree, i read something like what you posted about 2 months ago, the paper is called "police state road map" it is essentially about NWO and what is being done to bring it about, it has the same things you have wrote.

Originally posted by INc2006
well actually i agree, i read something like what you posted about 2 months ago, the paper is called "police state road map" it is essentially about NWO and what is being done to bring it about, it has the same things you have wrote.

Dear INc2006,

An interesting situation is now becoming possible: many of these people - who we may refer to them politely as 'those in the know', are purchasing more Gold and Silver related assets. So they are essentially shifting power over from the bad guys, into the hands of people who are much more educated than 99% of the public. So this thought is very encouraging and it is why I spend so much time helping move people over into Gold and other precious metals at a time like this. What amazes me, is just how few people are talking about it, and also how few are willing to help teach people how to begin.

Most people I speak with are calling themselves 'poor' and they feel they cannot do anything at all. But this is not true and they have so many options available - they just need to trust in some real facts and not feel so confused. We need a balance now to not live too much in spirituality (specifically not too much of the fantastic) and also to not be too much of the material things (illusions) although both are important to focus on.

God Speed,
Cino

[edit on 1-10-2006 by Cinosamitna]