Totally awesome/. I applaud the moderators of this web page for creating these forums. Thanks.

It isn't related to the auto companies' woes, which have numerous causes, some of which do not involve wage arbitrage. Producing products of an inferior quality is one such cause. However, m*** immigration and foreign work visas, such as the H-1B and L-1, are part of global labor wage arbitrage that serve to depress American wages (while also increasing the nation's population and thus the costs of resources, such as land and environmental costs).

The use of the foreign work visas increases the supply of college-educated labor, which decreases wages, especially when new knowledge-based jobs are being sent overseas. Likewise, m*** immigration increases the supply of low-skilled labor which decreases American wages, especially when new manufacturing jobs are being sent overseas.

I know it's politically incorrect to say all of that, but as I see it, it's the truth--increasing supply of labor without a corresponding and proportional increase in the demand for labor means a lower price (wages) point.

Howdy John K... W***up? Have fun with Price tonight ;-)

Folks,

Let me introduce myself & my observations... I will be back later to discuss any topics raised concerning Economic Development & Innovation Issues.

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It's Coming Soon to a Town Near You...

Regards,
M

Sylvie,

If I may point out:

The power to create money is monopolized by fraud and force. If you can see this clearly, then, you may be less inclined to fear the future.

That power now held by people who are within the general category of the term Dollar Hegemony are facing dire future events that are man-made and are therefore preventable.

In other words:

If a person invests in Dollar denominated investments, then, that person is probably going to suffer sooner or later.

If, on the other hand, a person invests any from of credit, savings, capital, wealth, or whatever term describes actual possessions of value, if anyone invests those forms of wealth into non-dollar denominated investments, then, that person is not going to suffer the facts that will be suffered by the Dollar investors.

One may assume, falsely, that everyone must suffer because everyone depends upon the dollar.

If you are infected with that HUGE LIE, then, count yourself, please, as one of the victims of falsehood now and one of the future victims of the man-made financial catastrophe.

It is really quite simple. If you don't participate, then, you don't fuel the fire. If you don't participate, however, then you had better start thinking of ways to produce more, consume less, and invest wisely.

Or not; I'm not participating. I'm simply the Village Idiot that people find easy to ignore.

The funny part is:

The sky is NOT falling.

Note: The people who do have the power to create and monopolize money are not betting the farm on the dollar and I'll take the odds on that bet. They profit from the misery they create because too many of us are ignorant and apathetic - including me.

Sounds like the secret societies of europe Rothchild's ect. I'm just a working girl struggling to be in the middle tier. I do not own a home and I have decent saving for emergencies. I know this current society is living and investing on credit. If I understand you correctly, no I'm not a participant. But I'd like to keep my head above water

[quote]Sounds like the secret societies of europe Rothchild's ect.[/quote]

Sounds are perceptions that fail to reach each ear in exactly the same way. The brain has to make sense out of the sounds.

In simpler terms:

If your savings is tied up in dollars, then, you are libel to suffer from dollar devaluation.

If,,on the other hand, you have invested in something other than dollars then you will be less likely to suffer dollar devaluation. What is being done or has been done or will be done in the future by anyone else is irrelevant to this fact.

What is relevant to the sounds that I am trying to communicate are the things that you, or anyone, does now and on into the foreseeable future concerning investments including savings if the idea is to avoid suffering from economic crisis rather than promote it.

I can elaborate however the more I write the more people find reason to attack me. I may be inventing time and energy into creating my own economic crisis.

The more I read, on the other hand, the more avenues I find that do insure a more prosperous future for my family.

I'm glad to see this forum back up and running. It's been over a year. It was my favorite online forum until it disappeared. The information posted was always outstanding, especially the articles posted by Paul Craig Roberts.

Much has happened to our economy since that time, and none of it is good. The housing bubble is bursting. Real wages continue to decline. We're creating only a little over 100,000 jobs/month. We continue to lose manufacturing jobs. Illegal immigration has worsened. The limit on H1B visas has increased. Bush's high end tax cuts have continued. The minimum wage has not been raised. CAFTA has passed, causing further downward wage pressure on American workers. The Oman free trade deal has passed.

The worst part, of course, is that Bush and his Corporate Cheap Labor lobbyists are still in power. And still looking for more ways to increase the prosperity of Corporate America and the superwealthy, by reducing their taxes, and by reducing labor costs by importing cheaper labor and sending jobs to foreign countries where cheap semi-slave labor is available.

On the fiscal side, the country has spent more than it has earned for 4 quarters (a negative savings rate.)
2005 was the 1st year since the Depression that personal outlays exceeded disposable personal income. The situation is getting worse by the day. The annualized savings rate of -$97 billion in the 1st quarter of 2006 worsened to -$141 billion in the 2nd quarter of 2006. At the current rate of increase, it will exceed the annual increase in real GDP.

This deficit-financed growth of our economy will not continue much longer. The biggest source of this consumer deficit spending, home equity withdrawal, is already drying up. The housing bubble is deflating, reducing the home equity available to borrow from. Estimations are that home equity withdrawal will decline by over $100 billion in 2006, and maybe a lot more. Added to this will be a loss of employment in the real estate industry, due to the decline in demand for homes. Since 30% of all new jobs created under Bush have been in housing-related industries, the job loss could be huge, and the resultant decline in aggregate worker/consumer income may also be huge.

With a decline in both wages and home equity extraction, consumer spending has nowhere to go but down. And down a lot. Since consumer spending is 70% of all economic activity, this will create big problems. Since capital investment depends on purchase of goods, that are facilitated capital investment, it will also decline.

There are no countervailing factors on the horizon. There is nowhere for the economy to go but down. This appears much more imminent than it did a year ago.

unlawflcombatnt

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ManhattanBrenden,

Your position is understandable, as it is the same position of many citizens of this country. For some reason, we have been born hating the powers that be; for instance, big business, finance institutions (banks), and corporations. However, putting the blame on them is, in my opinion, utterly false.

Our current economic state has been largely caused by the fact that our government is overbearing and clumsy, as opposed to, for instance, the Chinese centralized government. In fact, I have been recommended by a number of people to leave my home state of NY when I'm done with my schooling, for (as I am a business major) attempting to begin any sort of business in NY would be disastrous. High taxes, high regulations, high competition, and a large investment needed just to survive are a number of the things working against business in America.

We tend to forget that our economy isn't based on government at all; rather, our economy is free-market capitalism. The more government we have, the less economy we have. The less economy we have... you get the picture.

That is why it sickens me when people state that our economic crisis has been developed by people who conspire in an attempt to cause a recession so that our government would cut back on "needed" institutions. This, in my opinion, is utterly false. True, if we did have a severe economic downturn, the government may cut back on some spending; but even more true, as can be shown by the New Deal and other economic collapses throughout this countries history, there is a greater possibility that if we were to face a depression, the government would turn the economy into a largely socialist state, where each and every person is supported by a big government. Our economy would then be truly and permanently ruined.

I do not disagree that some government institutions are fine - medicare and the military, for instance. However, I do disagree with the amount of current overbearing subsidization which is taking place from our government into the economy. The government has the right to print money whenever it wants; but remember, it is not the government which truly backs up our money, it is the free market, because the free market is what accepts the currency, not the government. If our economy collapses, the government will lose the ability to print valuable money, and it will have to clamp down on the capitalist state. It's just the way it has been, throughout history.

And Thomas Jefferson was marginally wrong. If you take the power of issuing money from the banks and give it to "the people" - who are you really giving it too? The banks are regulated by people, just as the government is (supposedly) controlled by the people. It's capitalism. The banks must do what the people want - if they don't some other bank will, and they will be destroyed. The government just would have to make sure sufficient banks were in operation for this competition to take effect - that is all. There is truly no reason the government needs to control the economy; and in reality, we would have not had this problem (the Economic Crisis problem) if our government and economy were seperated much like church and state we seperated - for our economy would not be held in a state of false prosperity, as it is right now, by the government debt and government institutions - rather, we would see a steady decrease or increase, and no collapses.

Many would say to blame yourselves, and its true. Its our fault as a people. Because we, throughtout the past decade or two, have demanded that government expand to help us, because our economy is not doing as well as it was in, per se, the 1950s. All we have done, however, is postponed the "inevitable." It is truly up in the air whether if we, per se, were to issue radical changes, shrink the government, and expand capitalism - and thus our economy - that we would undo all our harmful effects on our economic system. The fact is, those radical changes will not take place, for people seem to tend toward despising capitalists and their related economy of capitalism.

He is supposedly Kenyan origin and is a cousin of the OYU Tribe riot mongerer over there!

Imagine the influx of Kenyan into the America's if Mr. Obama becomes President.


Cyberfriend