As the world economy recovers, except for the United States that is headed for a monumental train wreck, emerging nations are growing so quickly that they are looking to put the brakes on the growth to avoid being overwhelmed. We should be so lucky. We used to be.
Brazil’s central bank has instituted measures that would make it more difficult to invest in that country. The logic is that capital is so abundant and it might spark inflation that would harm their economic rise to power. What they’re saying in essence is that the influx of capital is weakening Brazilian currency against foreign currency like the dollar. That would tend to equal out the value and make cheap labor and exports less attractive to the rest of the world. After all, Brazil has the likes of China to contend with, who are guilty of grossly manipulating their currency in order to keep those goods and workers dirt cheap. Brazil wants to do the same thing.
At the same time, the United States is trying the same thing, but in the end it will do more harm to the average American, because as economies grow around the world, the United States growth is stagnant, and jobs are, and will continue to be hard to come by. Of course, many of the jobs that used to be here are now in places like Brazil and China. Still, the Federal Reserve has instituted quantitative easing, flooding the country with funny money-that is, printing money that has no value and turning it loose on the economy. What that has the effect of doing is causing the very inflation that Brazil is warning about. It also weakens the dollar, and makes it more competitive with Brazilian and Chinese interests.
China has already had the gall to complain about the Federal Reserve’s actions. Yes, China. They don’t want the Yuan anywhere near the dollar. Brazil feels the same way. They will take American jobs, but want to control the flow of capital until such a time where it will no longer matter. That time is fast approaching. In fact, while the whole Libyan debacle was going on, Barack Obama was down in Latin America with some of America’s biggest executives shipping out yet more jobs.
What does all this mean? It means that countries like Brazil and China will continue to grow on what used to be American wealth, and the American people will scrap for dollars that are worth less and less. Less jobs, lower paying jobs, and a weaker dollar is what the United States is looking at. Brazil? They’re looking at economic growth like they’ve never seen. Yes, wealth successfully redistributed. The days of getting a solid job, working hard and retiring-maybe with a little pension are gone. Unions understand this, and that’s why they’re fighting so hard for collective bargaining agreements. What they don’t understand is that they are on the chopping block as well. A union job can be shipped out just as fast as a non-union job. One needs to look no further than Detroit for proof.
And yet the powers that be want us to believe it is all one big confluence of errors.
At least some people know the truth. I don’t know if there are enough to effect a change though.
rjjrdq, some time ago I recied an E-mail from a friend. It contained a series of pictures of Hiroshima after the bomb.This was followed bay a series of pictures of Hiroshima today. The contrast, of course is incredible. Then there was a series of pictures of Detroit today followed by a message _ Who suffered the most? Hiroshima from the A-bomb or Detroit from years of liberal policies? I didn’t know what to do with these photos. Now after read your post ,I wonder if I should post them as an argument against liberal policies. I’m a little worried that the photos of Detroit are not representative of Detroit as a whole. But I frequently come across comments like yours which make me think that things really are bad in Detroit. Do you have any wise words for me?
I don’t know if I would compare Hiroshima to Detroit. A better comparison would be Detroit to Detroit. My understanding is that the population has declined by 1/3 in the last decade. Some abandoned neighborhoods are literally returning to nature. That’s a far cry from the ‘Motor City’ that ruled the auto market for decades. I think that before and after would be much more effective at showcasing liberal policies. Unions sucked the life out of Detroit. Globalization is just a double whammy.
I don’t believe in “social justice.” Did you catch Hillary standing in the firing line? Watch between the doors. Who could that be?
http://www.c-span.org/Events/UN-Holds-Meeting-on-Libya-NATO-To-Take-Lead/10737420481-7/
I know, it’s painful to listen to Barack’s blah blah on whatever subject. You have to admit, watching the dumb dumb listening in the crack is funny.
I couldn’t tell. was that him?
Your guess would be as good as mine rjjrdq.
We are being slowed and hampered…intentionally. Remember the folks that Obama has appointed. John Holdren wants to “de-develop” this country. Then, the left, in their zero sum game, believes that we have to be reduced, so other nations can grow. They don’t believe that we make the pie bigger, so they think our share of the pie must be smaller. It is class warfare taken to the international level.
I’ve argued the same point many times Matt. These leftists can’t grasp the idea of actually creating wealth. For them, wealth is a finite resource and needs to be distributed accordingly. The rest of us know how false an assumption that is, but these people are acting on it as if it were true. A failed ideology out of the gate. Ironically, their wealth destruction tactics give them the fuel to try and validate their agenda.