Comments on: US Financial Future Rests on a Bluff http://dailyreckoning.com/us-financial-future-rests-on-a-bluff/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 01:59:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John http://dailyreckoning.com/us-financial-future-rests-on-a-bluff/#comment-37244 John Thu, 05 Nov 2009 19:00:23 +0000 http://dailyreckoning.com/?p=19657#comment-37244 "Not only have the Asian countries already outworked the west over the past generation – by a measure significant enough to now own virtually all of the western countries’ debts – but they continue to up the ante even now." Yes, by golly, if only Americans would put in 80 or 90 hours then we'd see that trade deficit disappear! Trade deficits are made by policy, in particular the idiotic political ideology of free trade (and it is a political ideology, not economic; free trade does not exist in practice) . These countries do what is best for their people and nation, they are unrepentant nationalists, while the leaders of the West, both the crypto-communist traitors of the Left who sponsor feminist film studies or equally treasonous free traders of the right who sponsor internationalism through business (at a tidy profit for themselves, of course) work to break down and dispose their nations. Nationalism has survival value for the simple reason that the organized have a huge advantage over the disorganized, and that's what we're really seeing now. Even more so since our elites are organized for the other team. “Not only have the Asian countries already outworked the west over the past generation – by a measure significant enough to now own virtually all of the western countries’ debts – but they continue to up the ante even now.”

Yes, by golly, if only Americans would put in 80 or 90 hours then we’d see that trade deficit disappear! Trade deficits are made by policy, in particular the idiotic political ideology of free trade (and it is a political ideology, not economic; free trade does not exist in practice) . These countries do what is best for their people and nation, they are unrepentant nationalists, while the leaders of the West, both the crypto-communist traitors of the Left who sponsor feminist film studies or equally treasonous free traders of the right who sponsor internationalism through business (at a tidy profit for themselves, of course) work to break down and dispose their nations. Nationalism has survival value for the simple reason that the organized have a huge advantage over the disorganized, and that’s what we’re really seeing now. Even more so since our elites are organized for the other team.

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