[hedgetrimmer]

Well you seem to be happy that American wages are now valued relative to a third world marketplace, and they are "racing to the bottom" as we speak.

In time, real estate values will do the same, because at third world wages, no Americans will be able to invest in real estate. Or, investors from foreign countries will come in and snap up all the real estate, when America no longer produces Americans who can afford to do so.

Regulations are not "straw dog". They are the cost of doing business here. They make us less competitive with the third world. They are the big government interfereing with the marketplace. Why don't you call to remove all government regulation on business since it is in conflict with your premise that individuals can creat their own value (without the help of government)

[LS]

American wages are not 1/3 of the world's wages. They are, as you well know, inordinately high, which is why jobs leave the U.S. You can't have it both ways.

[LS]

BTW, if you have ever read anything I've ever written, you wouldn't say the following: "Why don't you call to remove all government regulation on business since it is in conflict with your premise that individuals can creat sic their own value (without the help of government)."

Do your research, before you accuse.

[the gillman@blacklagoon.com]

...In time, real estate values will do the same, because at third world wages, no Americans will be able to invest in real estate....

Excellent point and what brings me to this debate. I don't need a job, am retired and heavily invested in choice Real Estate, with good cash reserves. Should be all but invincible.

But if this crap continues much longer, I'm probably going to unload most of it before it crashes too. Bankrupting the citizenry is not a positive for a country no matter what anyone may claim.