Sr. Pessimist

As China Bubble Deflates Look to India But Beware of Strong Rupee

Financial innovation is kind of an over-glorious decoration of what money really is. I don't think financial innovation can solve the economic problems Marx predicted for the bourgeoisie. Further, I am not surprised to see the monetary policies of China relatively ineffective at curbing growth and expansion rates. Money is having less and less to do with things.

What it means on the personal level is: we're all people. If I want to live in Europe, the European money is no less green than American money to me. A European girl might be good for me, just as an American girl. I don't care about money as much as I care about a meaningful life. If a meaningful life is more available for a valuable worker in Europe, then I'll go there. Money won't stop me. Money won't draw me to go there. It's the bottom line that will persuade me. As it tends to be, America is a worse place to live than Europe because of what influence money has on the way of life. Money is evil. Money is very influential in America. America is a vile place to live your life.

Same with China or Japan. Those girls can be by my side just as well. What's the difference? And what government is more oppressive than the one in the US? The Chinese one? Prove it.

Fed rate cuts won't save the US economy, just as Chinese rate cuts won't be their silver bullet, either. It's probably because a Chinese human being is not much different from an American human being. Just because they're unskilled doesn't mean they're useless. Just because they're uneducated doesn't mean they can't do better work than a degreed individual in the same field. I can breed with a Chinese woman, a Japanese woman, an Indian woman, or a European woman, and a successful reproduction of an individual of the species "homo sapien" will be welcomed into the world.

Standard American education is at times as bad as no education in other parts of the world. China has a world-class education system. They're not less educated. They're not worth less than Americans one for one. The Indian government has been extremely aggressive in training doctors, lawyers, and engineering professionals for outsourcing to foreign countries. Those are about your only three choices out there, as I heard by word of mouth.

Put the American government next to the Chinese, Indian, and European governments. The US Government really screwed up. Foreign individuals are much better educated. Maybe near a billion people in India, and a billion in China, all better educated on the whole. America invested in the state, not the individual. The state is owned by the few in the bourgeois aristocracy, who are greedy kleptomaniacs.

So, since the ability to perform valuably in the skills of health and engineering are projected to predominate in the future, watch both the Chinese and Indian populations go beyond parity with the US with respect to quality of life, as currency itself is a commodity that is beginning to be regulated by a highly aggressive, globally competitive, macroeconomic market. If India is a good place to live, since I'm a computer programmer I can migrate there. US currency is then without me. If Europe is the best place to live, I can migrate there. Those without some preponderance of talent in their skilled profession are about equal everywhere, whether or not they move to a new country.

Medical care is provided by a competent doctor. A software program is provided by a competent computer programmer. An airplane's fuel system is provided by a competent aerospace engineer. You can't buy these things, when you think about it. Unless the doctor is the type of guy who will heal you, you're going to be sick. Unless the computer programmer can actually write software that works, your program is just a ripoff of somebody else's work that doesn't conform to spec. Unless the aerospace engineer performed the right analytical calculations applying physics to fluid dynamics, your jet won't fly beyond a certain altitude without breaking up in mid air. And to whole of members of all these professions, the commodity of currency can never buy you more than the immediate surrounding quality of life provides for.