The Most Important Thing I Have Ever Written

The Beginning Of The End - The New Novel About The Future Of America By Michael T. Snyder
Kindle Version Of The Beginning Of The End
Survive After Collapse
The Mystery Of The Shemitah
Blood Moons Mark Biltz
Soul Deceiver
Power Companies HATE This Man...
Power companies are scared that people will learn how to slash their bill and beat Obama's electricity monopoly using this 47-year-old patriot's "weird" trick. See how before they shut it down.
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Recent Posts

Archives

Young Living Thieves Oil Spray

New World Trade Center Tower To Be Made With Glass From China And Steel From Germany

Did you know that the new World Trade Center tower is being constructed with glass from China and steel from Germany?  1 World Trade Center, also known as “The Freedom Tower”, is not just another skyscraper.  It is essentially a national monument.  But that doesn’t mean that we are above awarding construction contracts to the lowest bidder.  The new World Trade Center tower will contain 250 tons of steel from Germany and the lower floors will be surrounded with blast-resistant glass from China.  This is yet another example of how the U.S. economy is being hollowed out.  Once upon a time, the United States produced more steel and glass than anyone else in the world.  But now we are being deindustrialized at a blinding pace.  We have lost tens of thousands of factories and millions of jobs over the past decade.  We are going to have a trade imbalance of about a half a trillion dollars this year.  Meanwhile, our federal, state and local governments are going into massive amounts of debt in order to keep funding government activities at a level that our hollowed out economy simply cannot support any longer.

Did you also know that the new MLK memorial on the National Mall was also made in China?

Yet there was very little uproar about that in the mainstream media.  A few activists out there made some waves, but generally people do not seem troubled by this.

The following is an excerpt from a report about the new MLK memorial in The Telegraph….

However, there has been controversy over the choice of Lei Yixin, a 57-year-old master sculptor from Changsha in Hunan province, to carry out the work. Critics have openly asked why a black, or at least an American, artist was not chosen and even remarked that Dr King appears slightly Asian in Mr Lei’s rendering.

Mr Lei, who has in the past carved two statues of Mao Tse-tung, one of which stands in the former garden of Mao Anqing, the Chinese leader’s son, carried out almost all of the work in Changsha.

More than 150 granite blocks, weighing some 1,600 tons, were then shipped from Xiamen to the port of Baltimore, and reassembled by a team of 100 workmen, including ten Chinese stone masons brought over specifically for the project.

Well, if you don’t care about where our national symbols are made, you should at least care about the millions of jobs that we have been losing.

Since 1975, the United States had run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.

All of that money could have gone to U.S. businesses and U.S. workers.  In turn, those businesses and workers would have paid taxes on all of that wealth.

But instead, all of that wealth went out of the United States.

The proponents of the theory of “comparative advantage” tell us that each country should focus on the things that they are most efficient at making, and then they should all trade with each other.

Well, when we merged our economy with the economies of nations where it is legal to pay slave labor wages, suddenly we made it more “efficient” for big corporations to make almost everything overseas.

The more we have “liberalized” our trade, the faster we have lost jobs.

The American people need to learn the facts.  The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000, and over 42,000 manufacturing facilities in the United States have been closed down since 2001.

Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

Thank you George W. Bush and Barack Obama for such a wonderful economic miracle!

If we allow corporations to make stuff in countries where they can legally pay slave labor wages and then ship those products into the United States for free, we should not be surprised when we lose millions of jobs.

It doesn’t take a genius to figure out why there are fewer jobs in this country than there used to be.

Right now, if you gathered together all of the people that are “officially” unemployed in the United States, they would constitute the 68th largest country in the world.

Ouch.

But all of this “free trade” is also dramatically driving down wages for the people that still do have jobs.

According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

You see, the truth is that “free trade” slowly but surely pushes down the standard of living of America workers.  If American workers have to directly compete for jobs against people making a dollar an hour on the other side of the globe, it is inevitable that their salaries and benefits are going to shrink.

In addition to slave labor wages overseas, in a previous article I discussed a number of the other factors that are causing jobs to pour out of this country at a staggering pace….

*Many foreign nations deeply and directly subsidize national industries and the U.S. government lets them get away with it.  That puts our industries at a vast disadvantage.

*The United States has the highest corporate tax rate in the world.  That puts our corporations at a vast disadvantage.

*Many foreign nations do not require businesses to provide health care for their employees.  That puts our businesses at a vast disadvantage.

*Many foreign nations impose very little regulation on businesses.  That puts businesses in the United States at a vast disadvantage.  In the U.S., we have some of the most restrictive regulations in the world.

Right now, the United States is bleeding massive amounts of national wealth every single month.

In other words, we are getting poorer.

Today, the United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

Does that seem like “fair and balanced” trade to you?

The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

That trend sure is not heading in the right direction.

China is rising and we are falling.

For example, did you know that the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001?

Did you know that China is now the largest PC market in the entire world?

In a previous article, I mentioned some of the stunning new investments that U.S. corporations are making in China….

*Coca-Cola is opening up three new factories in China this year.

*Disney recently broke ground on a $4.4 billion project that will be known as Shanghai Disneyland.

*Procter & Gamble has invested over a billion dollars in operations in China.

*Caterpillar has built 16 factories in China and now employs more than 8,000 workers there.

*Ford is currently “building three factories in Chongqing as part of $1.6 billion investment that also includes another plant in Nanchang”.

The reality is that globalism is absolutely destroying our economy.  Other countries are not playing fair with us, and the loss of jobs and factories is rapidly hollowing out our economic system.

But will you hear any of the candidates talk about this during the Republican debate tonight?

Of course not.

And Obama is busy pushing for even more “free trade” agreements.

Both major political parties continue to insist that what we need is even more “free trade”.

So we are going to lose even more jobs, even more manufacturing capacity, even more wealth and even more of our formerly great industrial cities are going to end up degenerating into hellholes.

This is an issue that conservatives, liberals and libertarians should all be able to agree on.

Other countries are cheating us blind, we are losing millions of good jobs and we have surrendered massive amounts of national sovereignty to organizations such as the World Trade Organization.

The people of the United States need to make the deindustrialization of America a major issue during the 2012 campaign season.

Our economy is getting hollowed out a little bit more every single day.

Please act now while there is still something left to save.

Instantly Add To The Conversation Using Facebook Comments

comments

  • http://www.placeofrefuge2012.com Sheila

    Just another shinning example of who our politicians really work for (hint…. it ain’t you and me. )

    http://www.placeofrefuge2012.com

  • http://www.planorperish.com Gutter Economist

    In the 1970’s, I attended college in a city with a steel mill. A new shopping mall was built with Japanese steel because the government of Japan subsidized their steel makers. US politicians refused to help the US steel makers.

    Over the last 40 years, our fools in Washington have learned nothing about international trade.

    • Kevin

      Their not fools. They are doing what their employer is telling them to do. We subcontracted out our politicians to international corporate interests and they are doing the bidding of their current employer. One might disagree but when you vote back into office almost all of those (from both party’s) that voted for NAFTA you get China Free Trade as a result. We supported all of his with our repeated votes.

      Why is everyone so surprised?

    • REED RICHARDS

      And to think, all the rightwing lunatics in the War Party (Dems And Reps) somehow believe that it is totally okay for their citizens to try and compete with third world workers making slave labor wages (an oxymoron I know) and that people have fallen for this idiocy. You can not compete with second and third world countries whose governments subsidize their industries and their workers. And any unemployed ‘Merikan who thinks that rightfully deserves to be unemployed.

    • David Muzzatti

      Well my friend, those in Washington take their orders from the global elite (aka central banksters). This plan to bring our standard of living into a one world socialist order has been in the works for decades. Start to do some homework on “The North American Union”.

  • mark

    One problem we face is ourselves. We love to consume. We love to shop for the best deal. We even brag to others about how good of a deal we just picked up. Well folks, that great low price you just paid came from another country. People that own a certain stock want the most profit from it. The corporation in turn has their product made where it can be made at the lowest price. One rule in business is buy low/ sell high. It is hard to make products in the US with all of our rules and regulations, high property taxes, high permit fees, lawsuits and court costs to defend yourself etc. How many Americans would pay 10 times or more for a TV if it was made here than one made in China? We could ask this same question about many other products. In the 1980’s, working as a Plumber on defense department projects, all of our copper pipe had to be made in the USA. We paid a lot more for the pipe and the price of the job was higher. I do not know if this is still the case today. Some of a new bridge in San Francisco is made in China instead of in the USA. Many corporations based in the US are just global companies and the big investers like it that way. We are just one part of their market share.

  • JD

    I hate to say it but when was the last time you truly felt proud to be an American? Nothing is made here anymore, its getting worse everyday, and our jobs and freedom is disappering. Now for this building that stands on hallowed ground is made somewhere else. Sad day indeed.

  • Kevin

    It’s fits at the World Trade Center. What does not fit is building a new World Trade Center in the US to begin with outside of the symbolic reason. Back when it was originally built the USA was….well the USA. If the New World Trade Center takes a decade to build and we decline as expected it’s location will not fit it is purpose. One will need only to walk a few blocks to see the results of unfettered “World Trade”.

  • lone survivor

    American companies have been bought out by multi-national corportions who hate America, hate our Constitution and hate our “Bill of Rights” and are doing everything they can to destroy them.
    Many times these billion dollar, foreign owned multi-national corporations buy up American companies just to put them out of business and to sell off their assets.
    Why did they go to China to build the MLK statue?
    The Chinese government is run by a group of power crazed gangsters. You have no rights there. The government “ownes” you and they can do whatever they want to you! If you complain about the government, you may “disappear”. “What happened to Hung Low? I don’t know. Maybe he got a job offer in another city. Oh, yeah, probably so”.
    Did you know that the Chinese government is now buying up USA farmland and USA ranchland across America.
    Only American citizens should be allowed to purchase American land.
    The Chinese government will put their “secret police”, spies, computer experts, on these farms posing as workers. They will spy on the US government and find out our weakness. They will also back gun-control and gun banning groups, to help BAN, and CONFISCATE, and remove ALL guns from all American gun owners.
    Don’t forget back during WW2, the Japanese had plans to invade the USA, but were afaid of all the American gun owners who would fight them.
    I believe that most, if not all, these gun control and gun banning groups are backed and are funded by foreign politicians and foreign governments. Who want to destroy America and then take it over and enslave all Americans!
    If the politicians want to creat jobs in America, get the USA out of nafta, wto, asian free trade group and the world bank. In 1990, there was 9 million factory workers, now there is less than a million. The Klintons backed nafta, and encouraged factories and companies to move to mexico and south america. So why would companies stay here then?
    Encourage companies to open factories here and pay good wages and have everybody buy “Made in the USA” products.
    Stop the USA government and politicians giving away 100’s of billions of dollars in foreign aid to foreign countries. The USA has given Pakistan $25 billion dollars and their country is worst off than ever. Now Nobama, wants to give Pakistan another $25 billion, what for? So their corrupt politicians can build more castles for themselves and put the money in Swiss bank accounts? Noobama wants to give Egypt $6 billion, or is it $10 billion dollars? Why?? If there foreign countries need money, they can borrow it and pay interest and pay it back in a timely manner, or no money to them!
    I say use this money to fix up America and make America great again. Fix up our highways and bridges, watertreatment plants, our national parks, zoos, fix up the downtown areas of cities like Detroit, St. Louis and others. This will create jobs and put Americans back to work, and they will be fixing up America to make it great again.

  • Hosanna

    I worked for a German steel manufacturer through the 90’s. My sales territory was the west coast. The only blast furnace left in the west was Oregon Steel Mills, which was sold to a Russian company in the 2000s. Most of the steel we sold came from Germany and Japan, and lower grades from Turkey, Mexico, and China.

    I don’t know much about glass, but if you want the highest quality steel it is Germany all the way. American contractors ought to get plenty of business fabricating the steel to fit the structure. Let us hope for that. This seems like practicality more than politics.

    • DB200

      The reason why German and Japanese steel is the best, is that these countries put technology and quality above short term profit.

      They assume that if you provide high quality products at a reasonable price, which can only achieved with high tech production facilities and r&d, part of the market will choose for these products and not for low cost, low quality crap.

      That implies that they think that there are always consumers/end-users who will look at TCO (total cost of ownership) and take a long term view. Be glad that it is German steel that is going into the tower and not Chinese stuff.

      Material certificates are not always correct. A renowned Oil & Gas company stopped buying Chinese austenitic stainless steel, also called duplex, last year after they did some material tests as they didn’t trust the accompanying material certificates (“hey didn’t we buy this batch last year, how can this batch be so big, their steel mills never could have produced this amount?”). Tensile strength: 50% of minimum allowed. And high radioactivity thanks to cobalt-60. I know because I saw the presentation myself. However, as a contractor we weren’t allowed any copies of the presentation. Also, we were expected not to discuss it with others. Later I figured out why: this company was also investing in China.

      “The bitterness of the low quality lasts long after the sweetness of the low price has been forgotten.”

      • Nexus789

        I’d be surprised (very surprised) if the glass is up to the required standard. I live in Australia and a make a point of not buying any food products from China or India.

  • onecansay

    No, it is not a National Monument. It is a NATIONAL DISGRACE.

    The PTB are once again thumbing THEIR collective noses at YOU and laughing THEIR collective a$$es off at your expense.

    Irony: The steel being used is that which was shipped to China from ALL three WTC buildings!

    The joke is on YOU.

    Look to your new National Monument, and get on your knees and prey to YOUR new(old) gods of tyranny.

    Peace

  • http://www.povertylinejournal.blogspot.com/ the optimist

    I remember in the early 80’s when factories were starting to close, first a few, then in a regular stream, reading that the US was going to be “moving into a service economy”. The phrase was never, ever fully explained. But it was going to be “better”, more evolved.

    The implication was that all those “bad” factory jobs were going to be magically replaced with robotics and high end white collar workers in clean-suits pushing buttons and running things.

    To me, this was like a small storm cloud brewing on a distant horizon that concerned some people, but primarily, “some OTHER people”, not those in Washington where I lived. It was a North Carolina problem, or an Alabama problem (textiles were among the first to go).

    Being relatively young and inexperienced, I did not understand what this meant to the millions of people who worked in those factories who were losing their jobs, or question what this meant to the overall economy. I did not really understand that “service jobs” meant the lowest paid, insecure jobs out there, not some fantasy high tech workforce.

    This is thirty years ago, that people knew about this.

  • http://www.facebook.com/group.php?gid=318515515322 AgreeToDisagree

    This is just wrong. Are all of NY’s offices filled ro is there a glut of unrented office space? Pay off the trillions debts local and foreign first then indulge in these prestige projects. You don’t see any honest person buying bling when he owes the local loanshark. Freedom Tower? There would be more freedom if the TSA was ended.

  • Rowell

    Simply put:

    We’ve been sold out, a long time ago.

  • KJ

    Why not use products manufactured by US Steel? Plants are here in the US. I am in St. Louis and right across the river in Granite City, IL is one of several US Steel facilities. I have a close friend who works there and she tells me they are going gung ho right now so why would we not as a country use our own steel? She also tells me that when politicians come to speak that the company makes sure it puts its own steel on display and moves the offshore purchased steel to the back 40 so as not to look as if they are buying and melting cheaply made steel that came in from Mexico and other countries like them. The steel from Mexico and China they place on the grounds oxidizes so quickly that its cheaper to buy this crap, melt it down and redo it rather than to actually sell it. Amazing.

  • blogger

    You yanks are so stupid!

    I have watched fom afar for over 30 years and have seen asssault after assault on your civil liberties and rampant overcriminalization – throwing business people in jail for some hidden regulatory oversight.

    When are you yanks finally going to pay attention to new bills in your state and federal legislatures before they gate passed?

    The U.S. now is a country to avoid setting up a subsidiary corporation in due to excessive civil and criminal liabilities.

    You are becoming the country to avoid.

    Wake up, people. You are on a real downstreak!

  • blogger

    And you need to get your various police officers under control too!

    They seem to have a God complex.

    • VegasBob

      blogger, the USA is now an electronic police state.

      The only place I can think of that might be worse is Britain, where the spycams are everywhere.

  • DaShui

    I live in China. A pair of levis are $150. Everything has high tariffs.

    • http://www.planorperish.com Gutter Economist

      FREE TRADE HARD AT WORK

      (1) Protective tariffs for Chinese workers.

      (2) Food stamps for American workers.

    • Otown Right Guy

      So why do we let China get away with this without putting our own tariffs on their exports?

      • Justa Guy

        “We” don’t let anybody do anything. It is the much beloved demokrats and republikans that do. So America, should we vote them out in the upcoming elections and pick independents? Nah, those independents don’t have any experience (at ripping us off). Nah, an independent can never win, because everyone else is not voting for them. As Americans, we’ve been trained to conform to what everyone else is doing by our public school system (no free thinking and never question what you are told, even if it doesn’t seem to make sense). That’s why America is done, because even in a secret election, people are either too dumb or scared to vote against “what everyone else is doing”. So just about “everyone else” will go in and pull the D or R lever. The question is, are you “everyone else”?

  • Kevin

    Anyone see ABC “World News Tonight” Friday Sept 23rd? Well as it turns out various infrastructure jobs within the US such as bridge building are going to Chinese firms for engineering and to some extent welders are being imported from China. Go to their web site, read the story. One public official justified it saying, “they work cheaper and we can’t find welders in the US”.

    This is Mainstream Media at 6:30 PM. No “pulling the wool over your eyes”. This is straight up front and center.

    I’m at a loss for words.

    • Highspeedloafer

      Abc has started doing some few stories on America. They feature a series :made in America”. Recently they talked about all the colleges and universities selling dorm room stuff, all made in china or india. It was interesting. It is a 45 million dollar business.

    • VegasBob

      Kevin, why should we expect anything different?

      When was the last time you heard a US politician talk about trade schools or apprenticeship programs?

      For 60 years we Americans have denigrated honest skilled manual labor, so we morphed into a country full of clever connivers in finance, accounting, government and law. But no amount of conniving can conjure up trillion$ in real money to repay this country’s staggering debts.

      Meanwhile, illiterate American youth graduate from dumbed-down public schools, avoid skilled trades like the plague and take on hundreds of thousands of dollars of student loan debt for useless college degrees.

      I can’t conceive of borrowing money to go to college. I worked and paid for plenty of educational expenses that my folks didn’t pay for.

      It must be a living hell to graduate from college with a useless degree, no job prospects, and carrying an albatross of 100K of student loan debt that can never be discharged in bankruptcy.

      This country is toast, folks. From here on out, it’s just a long decline into a Third World Banana Republic.

  • mondobeyondo

    And how many unemployed American steelworkers and window glass manufacturers would have been hard at work helping build that shiny new tower?

    WOULD have been hard at work.

    And it trickles down from there. Employed U.S manufacturers would have had extra income in their pockets, money that could have gone to retailers to pay for purchases during the holiday season, which could have saved someone’s job at Toys R Us, Sears or KMart. (Don’t worry about Nordstrom’s, they’ll be fine.)

    And this little tidbit was featured on tonight’s broadcast of “ABC World News Tonight”…

    http://abcnews.go.com/WNT/video/us-bridges-roads-built-chinese-firms-14594513

    It’s enough to make you sick.

  • hbeachrealist

    Glass from China and Steel from Germany. That ain’t the real problem.

    None of those “issues” really matters.

    What really matters is that 9/11 was an Inside Job. WTC 7 didn’t just blow itself up.

    That is the real problem.

  • ALberto

    UHN….
    statue of liberty anyone?

    • mondobeyondo

      The Statue of Liberty was a gift from France to the U.S. in the 1880’s. It may have been made in France, but they gave it to us out of friendship.

  • Man Without A Country

    My America is long gone.

    It was sold off years ago by traitors to the Republic. There was a time when men like this would have been rightfully hung for treason.

    This America is brutal, evil, aimless, and pointless. Freedom is gone. The rule of law is ignored. Morality has gone.

    Too many problems, no solutions.
    Too many people who don’t care who rules over them.
    Too many under-educated, worthless people who add nothing to better themselves or their country.

    Yes, my America is long gone, never to return.

  • Mixed man

    Guys, I am not sure about Germany steel but glass and most of hi-tech stuff from China are made using the technology provided by our people here. We just use their cheap labor. We started exporting America more than 10 years ago for profits. Who is to blame?

  • Banderman

    We keep saying that ‘politicians in Washington have not learned anything…blah, blah, blah’. It is my measured opinion the scumbag politicians in Washington, D.C. know exactly what they are doing as they turn America into a Third World country without the charm.

  • j r

    Most of the construction probably done by illegal Mexican immigrants.

    Don’t worry, once completed at lot of the offices will be filled with American blood sucking financial con artists and thieves.

    America’s only two industries left, financial scams and war.

  • SMASH THE CONTROL MACHINE

    YOU CAN GO FASTER THAN THE SPEED OF LIGHT!!!The folks at CERN (super collider in Switzerland/Italy) are scratching their heads this weekend. They observed something happening that simply can’t be true. The scientists have measured neutrinos moving at a speed greater than the speed of light.

    The possible discovery of subatomic particles moving faster than the speed of light has researchers worried about one of the fundamental tenets of modern physics.

    “To our great surprise we found an anomaly,” said the experiment’s spokesman, Antonio Ereditato of Bern University.

    The average person, said De Rujula, “could, in principle, travel to the past and kill their mother before they were born.”
    We shall see over the next few months whether the “anomaly” observed this week will be proven true. If it is proven, some basic building blocks of physics (E=MC^2) will come into question.

    Some other “Givens” that the modern economy/civilization rests on were also brought into question in the past week. Here’s my list of those potential lies.

    Keynesian Economics always works.

    Lower interest rates are good for the economy.

    Deficit spending as a counter cyclical measure always brings the desired results.

    Low interest rates are good for the stock market.

    Gold is a safe haven.

    The Swiss Franc (and HK$) is a safe haven.

    Dividend stocks are a safe haven

    The Fed is an independent entity. Their decisions are free of political considerations.

    Countries don’t go bankrupt. They just restructure their debts.

    The US government can invest in new technology without risk.

    HFT is a good thing as it increases liquidity during troubled market conditions.

    Advanced economies can function perfectly fine with debt levels above 100% of GDP.

    The US is pretty close to turning the corner and returning to sustainable economic growth.

    Extended unemployment benefits are good for the economy.

    The big global banks are all “Money good”.

    There are no negative consequences resulting from artificially low interest rates.

    The “Buy and Hold” is a good investment strategy.

    The vast majority of pension funds are sound. They can easily earn the 8% compounded annual returns that are necessary to assure they can meet their obligations.

    Republicans and Democrats have learned an important lesson with the S&P downgrade. Their ideological differences will be put to the side for the good of the country.

    Increasing taxes is a viable solution to our problems.

    It’s perfectly reasonable to push much-needed belt tightening off into the distant future. The “Markets” will accept the, “spend today but not tomorrow” policies and actually believe it.

    The US Treasury Secretary has significant influence in shaping economic policy in Europe.

    Market volatility is good for investors as it increases their opportunity to buy cheap assets.

    ZIRP is proving to be a valuable policy tool in offsetting the economic slowdown.

    Ben Bernanke actually can “Talk up” the market.

    The problems facing the USA are short-term in nature. There are no structural economic impediments that need to be addressed.

    Monetary and fiscal policies always work. The only possibility is that too little monetary and fiscal “Gas” is prescribed.

    There are a number of truly viable presidential candidates within the Republican party.

    Angela Merkel and Nicolas Sarkozy actually do understand what is going on in the financial sector of the EU. Their reluctance to act decisively is prudent policy.

    The BRIC’s (especially China) will be immune from a decline in western economies. China has successfully converted its economy such that it is self-sustainable based exclusively on domestic demand.

    The times have never been brighter for the possibility of lasting peace in the Middle East.

    The Fed has many powerful and effective “Tools” available to achieve their desired objectives.

    Investing in ten-year treasury bonds is a good investment choice. The current yield of 1.8% is more than sufficient to offset the inflationary erosion of the principal invested.

    The Fed is not working lock step with the administration on economic issues. The Fed is staunchly independent. Any claims to the contrary by Republicans are just hogwash.

    The possibility of new high tech failures is remote. It’s perfectly appropriate to fund star-ups with debt. Equity money is not required as bankruptcy is not a consideration.

    Cocktail party stocks like Netflicks and Molycorp should always be bought on the dips.

    The S&P will earn over $100/share in 2012. Stock multiples always have to move higher.

    There are no, repeat, no liquidity concerns at any of the large EU banks. That’s just a fact, the heads of these banks have repeated said so.

    Bernanke is omnipotent. He has the means and the will to achieve lasting economic prosperity both in the USA and the world.

    There is a zero chance that the Fed’s actions this week could lead to any systemic risks. Inflation is under control today and will be for at least the next five years.

    It is wise policy for the Fed to facilitate the debt issuance of the USA. More cheap debt is the solution, not the problem.HORRAY!!WERE IN A RECOVERY!!!

  • kjr63

    American steel collapses in fire. Better to get foreign stuff.

  • http://goto.glocalnet.net/pdn/ Perdavid Nygren

    Lederhosen Steel + Chink Glass = Queer building!

    • Guido

      Sorry, this comment really ought to be deleted. It in no way adds to the conversation.

  • DB200

    Today I read in a management magazine that Walmart is responsible for 25% of the US trade deficit with China. So now you Americans know where not to buy.

    The link is in Dutch.
    http://www.mt.nl/157/46648/magazine/china-verslimt-ons-links-voorbij.html

    “25 procent van het Amerikaanse handelstekort met China komt door Walmart.”

  • Mac

    It’s hard to argue against byuing from Germany because they provide the best quality. There’s something about those Germans. They manage to pay WW2 reparations, pay concience funds to Israel, pay to include the impovrished East of their country that suffered for decades under communism, and bail out failed Euro states, and have universal healthcare and 5-6 week vacation time and STILL they are more competitive than most countries. If they divert their energies to warfare it takes the entire world to stop them, and if they go at it through peaceful means they out-compete the rest uf us economically instead. What is it with those Germans?

  • onaroll

    First World Trade Center was Japanese steel. That was the decade after JFK had jawboned down the price that US steel industries had required to upgrade their blast furnaces. So they did not modernize, and were then marginalized out of business. Pittsburgh air got cleaner but their people lost their livelihood.

    I still do not understand why US Labor and Democrats feel they are in bed together but realize that it is only the labor thugs and politician thugs who benefit from their circular money trails fed by dues and taxation that each mulcts from their unwilling constituencies.

  • Kyle

    Guess we might as well drink ourselves away with all this crap going on until the end of 2012 when the timeline splits. Anybody got a cold one?