Posted on 02/28/2005 11:54:16 PM PST by beyond the sea
The U.S. economy is headed toward crisis, and the political leadership of the country – if it can be called leadership – is preoccupied with nonexistent weapons of mass destruction in the Middle East.
The U.S. economy is failing. The afflictions are serious. They could be fatal even if diagnosed and treated. America is losing the purchasing power of its currency and its ability to create middle-class jobs. Story Continues Below
The dollar's sharp decline and projections of continuing trade and budgetary red ink are undermining the dollar's role as reserve currency. A number of central banks have announced that they will be diversifying their currency holdings and will not be buying dollars at the same rate as in the past. This will put more pressure on the dollar. At some point, the flight will begin. Instead of buying fewer dollars, central banks will sell dollars, hoping to get out before the dollar hits bottom.
Suddenly, the advantage of being the reserve currency becomes a nightmare, as the world's accumulations of dollars are brought to market. An enormous supply and weak demand mean a very low exchange rate for the once almighty U.S. dollar.
Overnight, those cheap goods in Wal-Mart, which are the no-think economist's facile justification for Wal-Mart's decimation of communities, small businesses and employment, shoot up in price.
(Excerpt) Read more at newsmax.com ...
Hey, does anybody remember what bad shape the U.S. was in just before Reagan was elected? The outlook for our economy could hardly have been worse, with double-digit inflation, double-digit interest rates, rampant unemployment, and a depressed stock market. Jimmy Carter went on TV and announced we were all suffering from some kind of mysterious "malaise."
Reagan turned it around overnight simply by cutting taxes. Suddenly we were productive and upbeat again. People worked harder than ever because the government allowed them to keep more of their own money.
It will happen again.
Yeah but our country would still survive. China would get in return over 10,000 of our warheads and be turned into a sheet of glass. The missile defense system consists of both the land and sea based systems and each Arleigh Burke carries 96 missile interceptors furing the SM-2 and newer SM-3.
And at present you'd have to be nuts to trust national defense to that system. Maybe in 10 more years of development but now? Hardly.
So a 100,000 man army can do what to stop nuclear missiles should we need to use them?
We are already eclipsing the missiles of others through our defense shield preparations.
I do not share your concerns on that issue; however, I do believe President Clinton did incredible harm to our country through the mandated sale of missile technology to the Chinese.
Well it could be worse. We could have NO such system.
I don't think so. Don't you remember how we were obliterated in the Atomic Wars of the late seventies, when a Soviet Union that could reach the entire United States (with far more missiles than 300) destroyed us and our culture?
A crime that clinton would be shot for. But thanks to the left he will never be prosocuted.
That certainly wasn't a promising first sentence. But you would have been wise to keep reading.
Most informed folks believe the weapons were moved out of Iraq earlier, so don't get hung up on that. Roberts has a problem with that, but I was posting this because of a concern about what he said about the dollar.
...and we haven't built any new nukes for over a decade.
If you're talking about Roberts, I don't know.
I had a hard time with that first sentence too, but I posted this article because of dollar concerns, I wasn't thinking about political personalities when I posted it.
see post # 25, if you would.
If an immediate offensive weapon is needed against Russia or China, we will use nuclear missiles.
If more time is available we will build more of the then latest aircraft. (which could be robotic)
If offensive weapons are needed against lesser powers, 100 planes are plenty for a flexible strategy.
In peace 100 planes are enough to prove the technology.
Bottom line: There is no point in having thousands of expensive planes sitting around getting obsolete.
That is all great, and we all applaud this President and his government. God knows we worked hard enough to get G.W. elected.
But, where are you getting the idea that Roberts has "dread" about freedom spreading in the mideast? I didn't read that.
I agree with what he is saying excpet for who he tries to blame. The sellout began with NAFTA but China is making NAFTA look like peanuts.
Most of us on this forum are students of history, and we should all have learned by now that you can't predict the future.
We should also have more faith in the free enterprise system. It always comes through, survives through wars, depressions and national crises of all kinds. It even outlasts the morons we put in office.
The bad news has been enhanced with not a little help from the LBJ-type socialists, the one-worlders, the anti-American crowd, and a considerable number of people who simply cannot add, the Panglossians, the Micawbers.
Add to this unfortunate mix the IRS 'Code', which has continued to make the bearing and raising of children both an accounting and an actual liability to middle-class parents since roughly 1954, and ...this economy be in a heap o'trouble.
How does it all play out? Darned if I know...but the train has left the station. --------
Very well said, imo. We may need a miracle to save this situation.
I'm skeptical enough some times that I think that the demise of our economy is in the cards of the world bankers.......... that this is the plan all along, to bring America down. Just guessing.
...of both parties, and of the elites, who need not worry -- yet. Victor Davis Hanson has argued that the implosion of America's border and economic security, and its cultural integrity is a bipartisan and all-class responsibility. Where will it end? Cheap lettuce, cheap TVs, cheap toasters, cheap houses, and cheap computer parts. Meanwhile, the youth of America is watching us with their teeth clenched.
And these were practically non-issues during the last presidential election.
"preoccupied with nonexistent weapons of mass destruction in the Middle East."
"his disqualifier at the front of the article."
LOL, True!! Why read past that first sentence!
WOW .. this dude gives a whole new meaning to doom and gloom
me thinks he needs to losen up his tin foil hat
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