Joyeb

Dow Will Equal Gold in 2009

Let us look at all commodities.Gold is the least consumable commodity as human beings can do without gold in perilous times.Worst that can happen with gold is that it's value dwindles and is not utilizable in bad times.On the contrary, US $ can be utilizable even in bad times for exchange and/or purchase of daily utilities.Who can use gold for buying groceries ?
There is nothing wrong with dollar except the fact that our economy is not properly handled. US must step up its own production of daily needs rather than import and put dollars in the hands of other countries thereby puting more dollars in the hands of it's own citizens.Oursourcing of jobs is a bad idea and the same jobs can be offered to US citizens.Also recently oil price is now reasonable for US economy.The big three automakers must run their companies more economically thus paving the way to less and less imports. Further,we must acknowledge the fact that US is a much much better country in respect of natural resources.

The U.S. Debt Quandary

A very realistic situation and painful remedy.


On Dec 03 07:33 AM paultaut wrote:

> Our's is a Service Economy supplemented by the farming sector. The
> Manufacturing base of the 60's and 70's has long departed.
>
> There is no manufacturing base to save. An assembly line is not a
> manufacturing facility. The parts suppliers get their parts from
> external facilities imported into the US, primarily.
>
> I say: Issue as much Debt as quickly as possible before anyone has
> time to react. Buy foreign debt, for future use as collateral. Rebuild
> the Manufacturing base. Let the dollar collapse to let us repay with
> crap. Get the people to buy American by imposing 100% tariffs on
> all imports except oil and other commodities needed by our Manufacturing
> base.
>
> Do all at the same time as rebuilding the infrastructure with Solar
> and CNG facilities along the way.
>
> Yeah, Yeah, he's off his his Rocker. Just wishful wishing on my part.
> Its early in the morning, maybe i'm still dreaming.

Wall Street Breakfast: Must-Know News

The fault with America is that we EXPAND too fast specially in consumer,commercial and industrial quarters lavishly giving away billions of dollars to good for nothing highly paid company executives !.............Joyeb