Re: OT: I was right, you ****ing stupid people

[Jack Hollis]

On 15 Mar 2006 11:57:14 +0100, Davey Crockett
<[email protected]> wrote:

>The US dollar is weakening and would be in freefall mode if it were
>not the Reserve Currency
>
>And it's only currently the reserve currency because the Hollanders
>and Frenchies nixed the Common Market deal a while back which would
>have probably quite soon made the Euro the Reserve Currency.


I was hoping that when the Euro was introduced that it would offer an
alternative reserve currency to the dollar, but, for the most part,
that hasn't happened. Part of the US trade deficit can be traced
directly to the overvaluation of the dollar because so many nations
hold dollars as their reserve currency. It's flattering that these
nations have such good faith in the dollar, but it causes problems as
well.

 

[Jack Hollis]

On 15 Mar 2006 11:57:14 +0100, Davey Crockett
<[email protected]> wrote:

>But as outsourcing gains momentum and the industrial giants shed any
>inhibitions they may have about it, the middle class will shrink since
>many of the jobs it once provided bodies to fill will have been
>exported to countries that didn't have to expend the money on Research
>and Development, having got that for free from the Outsourcers.
>
>And the parents of today's students, and the students themselves will
>find it impossible to repay the debt incurred in gaining an education
>for a job that no longer exists. And you can't pay off a $40-50K loan
>flipping burgers or washing cars.


The preceding message was brought to you by the Chicken Little School
of Economics.

Basically, companies are outsourcing because it's possible to do it
and it's good for business. The two major technologies that allow
companies to outsource are the Internet and computers. You have to
take a look at how many jobs and how much wealth these industries have
already created, and will continue to create, for the US. The
outsourcing of jobs is a small price to pay.

It's the same thing that happened in the early 1900s with the
introduction of the "horseless carriage." If you made horse buggies,
buggy whips or were a blacksmith, you were basically out of a job. But
the auto industry that replaced the horse industry created more wealth
and jobs than the horse industry ever did.

Things change and you have to adjust. I have every confidence that
the US economy is flexible enough to do exactly that.

The West does face hard economic times ahead, but technological
advances, globalization and outsourcing are not the source of the
problem. The source is unwise socialist economic policies that have
lots of people depending on their governments for money and health
care that the governments wont be able to supply.

 

[Kurgan Gringioni]

Bill C wrote:

<snip>

> giving them shelter, hiding supplies, etc... How to deal with them is
> another whole argument, but you haven't even stepped up to this
> discussion yet.




Dumbass -


It doesn't matter. Vietnam was not winnable. Neither is Iraq.

In his military treatises Liddell Hart always put the "moral" as the #1
imperative for a reason. Tactical correctness will not correct
strategic blunders.


thanks,

K. Gringioni.