InvestBaboo

Economic Fault Lines Emerge

While production lies elsewhere the leaders of the free world are American companies and enterprises. It is natural in a "GLOBAL" economy that the arms, legs and perhaps a big portion of the body may lie elsewhere in the world while the brain lies in America. Schiff asserts that the whole body must lie in a given country and then (and then only) the overall production of that body is attributed to that country. This is wrong.

What needs to happen to the American workforce is that they need to climb to be the brains of the operation and not the producers at the lower level. Many in the workforce have done this and as a result are thriving in their profession. While I think that in the short run there will continue to be suffering and wage degradation in the long run Americans will figure out exactly how to play their role in the new global economy.

America is the only country in the world that has the best possible political system to assure future growth. India and China have incredible internal social and political issues and Europe is a divided continent. China will not rule the new economy -- America will.

All the soapbox pontification aside one needs to look at the charts and follow the famous adage "The trend is your friend till the bend at the end". At the present there are daily and weekly buy signals on a wide spectrum of companies in a wide spectrum of industries. Peter Schiff's doom and gloom predictions aside it appears that world investors are voting for America with their wallets. Do not miss the beginnings of what could be one of the greatest bull market runs in history. Rarely if ever do you get a chance to buy name brand American global behemoths at incredible bargains. If you invest today you will be a very happy camper in 5 to 10 years.

I have traveled all over the world and I can assure you that no country has what it takes to be the world leader like America. The throne belongs to America and will stay with America for the next several decades.