printWhy is the US economy doing so well compared to the European economies? Because it’s owned by China. This is a brilliant Australian skit; a bit of economic truth telling that will be Greek to the king of Keynesians, New York Times columnist Paul Krugman and his Demopublican adherents.
I sincerely hope everyone notes that at the very last, “Roger” looks away from the camera and says: “Sell everything immediately. Quickly”. I don’t see it as that simple. How many years did it take stocks to recoup their pre-depression price? How long has Japan been in stagflation? Does one move into Bonds, CD’S, Annuities, Gold, Silver, Coal, Oil, Uranium? Please read Monty Pelegin’s “WORSE THAN A DEPRESSION” in yesterday’s American Thinker and, most importantly, read all the Comments. “AFTERSHOCK” by Wiedermer, Wiedermer, & Spitzer explains Bubbles vs. traditional Business Cycles. The short skit is funny, but as Ilana has noted, there is truth in it. We have to determine the path(s?) to take to avoid our personal financial ruin. I do not accept Keynesian theory. I do believe the Austrian thinking is more realistic. Finally, to offer a suggestion to learn what Americans are capable of doing in a crisis, please find “MASTERS OF MASS PRODUCTION” by Borth. It’s an old book from the ’40s or ’50s – you’ll have to search Ebay, Amazon, and the others for it. Yes, it is old, but think robots, space, biotech, nanotech, etc. while reading what these Americans accomplished. Now, think and write about your ideas to counter-attack the economic sunami approaching us all. We must survive.
I particularly liked Roger’s explanation of why the U.S. economy is stronger than Europe’s: because it’s owned by China. I am amazed, however, that China lets those idiots in Washington do some of the things they do.