DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Obama the Genius: Cash for Clunkers Boosts Car sales, Housing, Stock Market

**hrotedk** · 08-15-2009, 04:32 AM

US's situation is different. There are few significant industries left. Thanks to all those fancy management fads, US is now dependent on consumption to grow the economy.

As a reserve currency country, they can afford to anyhow print money (not backed by gold) to buy all the nice things from China on loan.

In the absence of employment, cash handout is the other way to stimulate the consumption economy.

I just checked yesterday's Money Multiplier issued by St Louis branch of US Fed reserve. The figure is 0.967. Not even 1 unit. Money is being "destroyed"!!! This only happen in a Great Depression.

Green shoots?

As long as the idiots inside the gov'ts of Japan, China, SG, Korea, Taiwan, OPEC countries, etc. continue to buy US dollars on the global FX market to invest in US Treasuries, the USA will always be number 1 in the world. That's how America can always print money to pay it's bills to the rest of the world without producing substantial amount of goods & services that those idiot countries buy in return.

Those idiot countries can't even dump their existing US Dollar reserves & US Treasury holdings without destroying their own export oriented economies & destroying the value of their nations' foreign exchange reserves.

America is too smart to keep those idiot countries in a bind without a choice, both economically & politically.

The rest of the world work as slaves subsidizing the American cost of living who continue to enjoy very low cost goods & services like a Mercedes S-500 costing only about US$ 80K. Who are the slaves here? The Germans or the Americans?

What America has that the rest of the world lacks are intangible assets like The Bill of Rights, creativity, economy of scale, software (not hardware which can easily be mass produced by Chinese slave labor), Hollywood movies, world class brand names like Nike, Visa, MasterCard, Apple iPhone & etc., world reserve currency, military superiority, people with the best minds & talents migrating to America, lots of political allies worldwide, etc...

God Bless America!!!

God bless the USA!
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08-15-2009, 04:32 AM	#14
hrotedk Join Date Oct 2005 Posts 429 Senior Member	US's situation is different. There are few significant industries left. Thanks to all those fancy management fads, US is now dependent on consumption to grow the economy. As a reserve currency country, they can afford to anyhow print money (not backed by gold) to buy all the nice things from China on loan. In the absence of employment, cash handout is the other way to stimulate the consumption economy. I just checked yesterday's Money Multiplier issued by St Louis branch of US Fed reserve. The figure is 0.967. Not even 1 unit. Money is being "destroyed"!!! This only happen in a Great Depression. Green shoots? As long as the idiots inside the gov'ts of Japan, China, SG, Korea, Taiwan, OPEC countries, etc. continue to buy US dollars on the global FX market to invest in US Treasuries, the USA will always be number 1 in the world. That's how America can always print money to pay it's bills to the rest of the world without producing substantial amount of goods & services that those idiot countries buy in return. Those idiot countries can't even dump their existing US Dollar reserves & US Treasury holdings without destroying their own export oriented economies & destroying the value of their nations' foreign exchange reserves. America is too smart to keep those idiot countries in a bind without a choice, both economically & politically. The rest of the world work as slaves subsidizing the American cost of living who continue to enjoy very low cost goods & services like a Mercedes S-500 costing only about US$ 80K. Who are the slaves here? The Germans or the Americans? What America has that the rest of the world lacks are intangible assets like The Bill of Rights, creativity, economy of scale, software (not hardware which can easily be mass produced by Chinese slave labor), Hollywood movies, world class brand names like Nike, Visa, MasterCard, Apple iPhone & etc., world reserve currency, military superiority, people with the best minds & talents migrating to America, lots of political allies worldwide, etc... God Bless America!!! God bless the USA! Uploaded by US_Marine_Hoorah. - Watch more music videos, in HD!
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