vbierschwale

The Downfall of Keynesian Economics and the U.S. (Part 2 of 3)

actually this is a very good article.

I have a short article titled "Global Economy" and "Your wages do matter" that explains some of the repercussions of what we are doing.

What is really scary to me is that over the last 50 years we have sold or transferred the majority of our infrastructure that will be necessary when the next World War comes along and now we are allowing the chinese, who I read less then a year ago were trying to hack into our military systems to control our debt.

What happens when they call the note due in full and demand payment immediately ?

I am not a protectionist and I have defined those terms on my website so that people will better understand them but we do need to think about our future.

And then to top it off, the American consumer accounts for 70% of all purchases in America.

I honestly believe we are at close to 20% unemployment although I can't prove it and neither can you prove that we are below 8% because our government doesnt keep the records to validate the data and if you multiply 40 million Americans times an annual salary of 50,000 per year, you are taking a tremendous amount of purchasing power out of the American economy and that is why our retailers, manufacturers and raw material producers are begging for handouts and going bankrupt.

Whats sad is these same manufacturers are the ones that have been putting the american consumer out of work the last 50 years by offshoring our jobs and infrastructures...

Sounds to me like the seeds they have been sowing are finally sprouting and they're finding out that they planted the wrong crop.

Virgil
www.KeepAmericaAtWork....