Saturday, February 12, 2011

the economy

It really blows my mind of the lack that people understand,
Current situation of the economy is far beyond the understand of the 'typical' citizen,
As a fan of economics I can tell you the answer isn't simple,
Its an accumulation of all that happens,
Locally, state-wide, across the US, and stretching to the smallest of towns in the most emptiest of countries,
One must understand indicators as they show the direction of whats going on and which way were headed,
If you thought things were bad,
Its going to be a long while before we get out,
Gets worse before it gets better,
Inflation hasn't kicked in yet in china (just to name one) and other growing markets,
Commodity prices are going to continue to rise (cotton alone has tripled in 6 months! Third world countries struggle with this the most, which is why the US sends billions of dollars in aid to other countries...and people wonder where the trillion + dollar deficit comes from...again just a fraction of the equation),
The only way to fix this problem is to go backwards,
Back to when railroads were the main means of transportation for goods (it would remove mack trucks from crossing state lines and keep $$$ for those costs in state) by creating major city hubs for goods drop offs,
Going back to farming and feeding both the US (first!) then the world (we would also be better able to control food safety!!)
Start up 'green' factories for the future of energy, fuel, commodities and goods,
US has everything it needs to survive on its own (Japan alone imports far beyond its means vs. its exports yet its economy is far beyond the US's),
US needs to utilize its land and punish banks and people for the havoc they have caused!!
China is the new superpower!!!
Yet, shit hasn't hit the fan there yet!!
Being a communist country they have 'pegged' their currency vs the dollar @ 64 to 1, once these currency is able to float around the globe like the Euro, Yen, Pound, Dollar, and others...everything will change,
China has increased their interest rates to slow down the booming economy and rising inflation but the problem persists,
China sets its own fuel prices!! How nice is that!!
Once everything changes in China where will everything be made then?
Will the 'Made in China' sticker still exist?
Which third world country will the globe turn to and help grown next?
There is a bumpy road ahead,
Better make sure your life's vehicle can withstand whats in store for us

No comments:

Post a Comment