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Old 01-05-2008, 12:29 PM
ejsharp ejsharp is offline
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Default Re: So who has those window latches?

What Josh says about American industry being sold out to China is true.

The fault begins with the Federal Reserve Bank (which is not at all Federal but privately owned) that prints money out of thin air to keep the economy and the stock market from collapsing. They then loan the money that they printed out of thin air to the Federal government which in turn uses our tax money to pay interest on the newly printed money. Meanwhile the massive new flow of money causes inflation so that any savings we have or any wages earned are worth less. It is not that the value of the goods increase... it is that our money is worth less. Because the corporations have shipped whole industries overseas, there is no longer sufficient income generated within the US economy. (less jobs=less income). So to make up for a faltering economy, the Fed which is not federal prints money and lowers interest rates. People out of their traditional work/income, then borrow the money, (egged on by low interest rates), that was printed out of thin air and then pay interest to the banks who lent them the thin air.

We then use the thin air to buy consumer goods (some junky) from China and again pay interest (our taxes) on the US Treasury bonds that the Chinese purchase with the nearly 1 trillion dollars that the US owes them for the imported goods (the national debt). That in a nut shell is why Josh is making quality window latches... Its because our American made Tundras have cheap window latches purchased with thin air and imported from China. If this trend persists the Mexicans will soon be calling us wet backs. (Smiles)

Earl

Last edited by ejsharp; 01-06-2008 at 05:05 PM. Reason: Clarification