JOB DROUGHT CONTINUES (Paul Craig Roberts; he's wrong, right? The US isn't losing steam, is it?)

Creators ^ | Ap 6 05 | Paul Craig Roberts

[Toddsterpatriot]

But Japan is not dead. It can live off USTreasury interest and principal for a LONG time.

Japan has about $720 billion in US treasuries. 10 year bond yields about 4.5%. So, that's about $32.4 billion a year in interest. Japan has about 127 million people so we're talking about $255 per person per year. If they cash in the entire principal, they'd get about $5670 per person.

I think you were wrong when you said they can live off US Treasury interest and principal for a LONG time. Unless you think a couple of months is a LONG time?

[Jerr]

When no value is put into American R&D, then everything is based on cost and becomes a commodity product. Of course, you can always find some place else to be cheaper, but growth is built on R&D.

If no value is given to American R&D, then why give any value to American management. Obviously, if their only solution is to offshore production, they have failed. But why are we paying American CEOs and sr. executives such enormous salaries, if they are just failures. Anybody canabalizing a once valuable company can increase short-term earnings to record numbers. The problem is developing a company beyond that point.

With such a failure in American management, why aren't we offshoring their positions as well. Offshore the large companies and their steadily declining stocks. Sell off the NYSE and invest in developing American companies.

Let them offshore the NYSE and put American consumer money back into the American economy.