9.11.2008

The Fall of the Wall

I believe that we are on the verge of an economic depression, caused by the same thing that caused the Great Depression in the 30's. The Great Depression was caused in part because of great numbers of people buying things on credit, especially stock. After some time, the people noticed that there really was no money in the stock exchange, as most of it was borrowed money from the bank.
Fast forward 80 years. Our economy is on a tipping point. The banks are hard pressed to support people, and the housing market is bust. People are beginning to realize that the economy itself has no actual money in it. The money in the economy is borrowed from the bank in the form of a loan. The loan must then be paid back with interest. However, to pay the interest, you must have more money. To get more money, you must get a loan from the bank. It may not be you that gets another loan to pay off the first loan, but any money that you use to pay back interest comes from a loan, which in turn has interest. This has caused an endless spiral which is devastating the nation's economy. It is only a matter of time before it is revealed to all that the great facade that is the economic market is held up by nothing but itself, the proverbial pulling oneself up by their bootstraps. What capital that has value (that which comes from actual products of worth) is quickly being spent across the seas on cheap, poorly made crap.
Far too much of the economy is caught up in services, and far too little is actually producing goods of any value. How many lawyers, doctors, sales associates, and businessmen are there in the United States? How many farmers, miners, factory workers? The work force has been moving away from the country and into the city, and thus moving from producing to supporting. However, if there is nothing produced, what is supported? All that is supported is a sham, a front that hides the fact that our country makes nothing and expects to garner support from other nations by doing nothing except waving it's military arm about. The people complain about poor salary and high costs of living, but the salary is far too high as it is for the work that is being done, and the living cost far to low to support the huge amounts of unnecessary merchandise shipped from far off lands. The United States has transformed from a shining example of what a country should be into an ugly, parasitic leach upon the world. Not only that, but it has started to spread it's mentality into other countries. Many more countries worldwide have begun to lose jobs in production just to bolster those jobs that, in all actuality, do nothing for the world economy.

I'm sorry if this looks like a rant, but I just had to get it off my chest. Hopefully I will be back soon for more insights into
LIFE
THE UNIVERSE
AND EVERYTHING

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