God bless America!!!!!!!
Amerigo Vespucci,would surely have been a sad man today.The country he discovered,which rose to be a super power is looking like a pale shadow of its old self.Such is the influence of this country,that the world waits for America's next move.
American economy is stuttering and it desperately needs help.Banks are falling by the day.
Bear Sterns,Freddie Mac Fannie Mae,Lehman brothers,Wachovia,Merrill Lynch the list is endless and will only grow further.So where did America falter?.Americans fell for that familiar vice called greed.
In all its years of existence America never really learn its lesson neither did it bother too.
what else will happen if you push all the manufacturing to Asia,rely on the middle east for oil,depend on Mexico for vegetables.This dependence on other countries has cost America dear.What does America really produce today?.
This is what Investment analyst and entrepreneur Dr. Marc Faber has to say :
"The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."
These are invaluable lessons for growing economies not to depend on other countries for their survival.Today the world saves in America,while America spends.India has 300 bn dollars in forex reserves.China invests in America.These countries need to decouple from other economies to become self sufficient and self reliant.Complete decoupling is impossible,but if this trend continues,every time America sneezes the world will catch a cold.
Americans have abused every form of energy available.They forgot the basic principle that any form of energy is not endless.Today they need a booster dose from the fed to get a struggling economy on track.What Ben Bernanke and his cohorts cant figure out is who would save a drowning fed?.America needs to let its bank fail and give it time to rejuvenate so that they could bounce back.By following this socialistic method of the government stepping into the save institutions the America is harming itself.These institutions will never be punished for foolishly sanctioning loans even when the applicant was not eligible.Sub prime loans were a sin and both the institutions and the public need to pay.The world should not pay a heavy price for the mistakes of a few.
Stock markets across the world are tumbling.Financial markets seem to have entered a sort of menstrual cycle.People realize it is going to be repetitive and painful in the coming months.The middle east,India and China are witnessing a flurry of activity.Expatriates are flocking in large numbers and the developing economies are well on their way to greatness.
The world today realizes the importance of developing countries.
India and China today are showing the world that the sun,well and truly rises in the east and sets in the west!!!!!
American economy is stuttering and it desperately needs help.Banks are falling by the day.
Bear Sterns,Freddie Mac Fannie Mae,Lehman brothers,Wachovia,Merrill Lynch the list is endless and will only grow further.So where did America falter?.Americans fell for that familiar vice called greed.
In all its years of existence America never really learn its lesson neither did it bother too.
what else will happen if you push all the manufacturing to Asia,rely on the middle east for oil,depend on Mexico for vegetables.This dependence on other countries has cost America dear.What does America really produce today?.
This is what Investment analyst and entrepreneur Dr. Marc Faber has to say :
"The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."
These are invaluable lessons for growing economies not to depend on other countries for their survival.Today the world saves in America,while America spends.India has 300 bn dollars in forex reserves.China invests in America.These countries need to decouple from other economies to become self sufficient and self reliant.Complete decoupling is impossible,but if this trend continues,every time America sneezes the world will catch a cold.
Americans have abused every form of energy available.They forgot the basic principle that any form of energy is not endless.Today they need a booster dose from the fed to get a struggling economy on track.What Ben Bernanke and his cohorts cant figure out is who would save a drowning fed?.America needs to let its bank fail and give it time to rejuvenate so that they could bounce back.By following this socialistic method of the government stepping into the save institutions the America is harming itself.These institutions will never be punished for foolishly sanctioning loans even when the applicant was not eligible.Sub prime loans were a sin and both the institutions and the public need to pay.The world should not pay a heavy price for the mistakes of a few.
Stock markets across the world are tumbling.Financial markets seem to have entered a sort of menstrual cycle.People realize it is going to be repetitive and painful in the coming months.The middle east,India and China are witnessing a flurry of activity.Expatriates are flocking in large numbers and the developing economies are well on their way to greatness.
The world today realizes the importance of developing countries.
India and China today are showing the world that the sun,well and truly rises in the east and sets in the west!!!!!
posted by Realpolitik at 4:41 PM
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