Hey, buddy, can you spare a Euro?
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by Leon Fisher, Unknown News
Dec. 26, 2006
When one day a year either makes or breaks the bank, how
fragile indeed has our economy become. Decades ago when we manufactured
almost everything here in America, the Christmas holiday was just that,
a holiday. Of course retail business made money, but the money spent on
gifts stayed in American pockets.
Now everything is made in China,
India, Mexico, and many other countries too numerous to mention. Once
the money is sent out of the country, it will never return.
If you do
not believe this check the trade imbalance between the USA and China. We
buy nearly everything from them while they buy pitifully little from us.
It is
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a lucrative one-sided deal for China and the corporate crooks
who engineered this scheme, with the American working man coming out
the loser.
And if you think that this theft on a grand scale is not
hurting America, well, listen to this. America's finances are in such bad
shape that China, our so called most favored trading partner, is taking
the billions of American dollars which it has accumulated in this one-sided trade deal, and now wisely trading them in for Euros and
precious metals.
The Chinese are well aware of America's deepening
financial morass, and they are not going to get stuck with billions of
worthless American dollars as the bottom falls out. And my friends,
unless our do-nothing Congress acts soon to reverse this looming
economic disaster, the once-mighty dollar will wind up like the post-World War One German Mark -- worthless!
Even as we speak, the dollar is
losing value. Watching my fellow citizens driving their late model
unpaid gas-guzzling monuments to testosterone like so many lemmings to
the shopping malls to buy Chinese made junk, most of which will be in
the garbage not long after the shopping frenzy is over, is just too
depressing to behold.
What's worse, however, is the mindset of the
average American, who seems to be more concerned about his neighbor's dog
pooing on his lawn, than about the impending collapse of the dollar.
Once the shit hits the fan, Americans will eventually get their heads out
of the sand and demand an end to the so called "Free Trade" schemes and a
return to fiscal responsibility. But by that time it will be too late, a
depression equal to or worse than that of the 1930s will be upon us.
Hey
buddy, can you spare a Euro?
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