View Single Post
  #37  
Old 04-19-2006, 12:19 PM
Jimbo's Avatar
Jimbo Jimbo is offline
Senior Member
 
Join Date: Nov 2004
Posts: 961
Default Re: Collapse Of US As A Super-Power

The Inevitable - NWO Slavery - :-o :-o :-o

The Inevitable - NWO Slavery
The standard of living of any working American will continue to deteriorate indefinitely until the "dollar" can no longer stand on it's own value. When the "dollar" falls, everybody looses including every person, every country, & every government holding dollars. A global economic collapse. The losers will be all of the consumers around the world, & the winners will be all of the owners of the world economies & world resources.

That would be the perfect time to introduce a new "world currency," a "New World Order," & then force everyone into inevitable "Slavery."


How Safe is Your Job?

"Economist Alan Blinder estimates that as many as 56 million American jobs are susceptible to offshore outsourcing. That would be about half of the US work force."

"Offshoring has contributed to the explosion of the US trade/current account deficit over the past decade to $800 billion annually and rising. The US has a trade deficit in manufactured products, including advanced technology products, of more than a half trillion dollars annually, a sum far larger than the oil import bill."

"(3) Offshoring turns US production into imports. Much of the US trade deficit results from offshoring, not from traditional trade competition. The collapse of world socialism and the advent of the high speed Internet made cheap foreign labor available to US companies. US firms use foreign labor to produce offshore the goods and services that they market to Americans. For example, more than half of the large US trade deficit with China is comprised of goods and services produced by US companies in China for American markets."

"How can the US reduce its trade deficit when it deprives itself of exports and fills itself with imports by offshoring its production of goods and services, and when the devaluation of the dollar is limited by the dollar's reserve role and by other countries pegging their currency to the dollar or by intervening to support the dollar? Obviously, when balance returns to US trade, it will not come through traditional means."

"Another way is through the limit placed on Americans' ability to consume that results from replacing manufacturing and engineering jobs with waitress, bartender and hospital orderly jobs. A country that loses high value-added jobs and gains low value-added jobs is in danger of losing its prosperity. Offshoring raises corporate profits in the short-run at the expense of destroying the domestic consumer market in the long-run."

"Most economists are confused about offshoring. They mistakenly think offshoring is an example of free trade bringing mutual benefit through the principle of comparative advantage. It is not. Offshoring is an example of companies obtaining absolute advantage by combining high-tech capital with low-cost labor. The gains from absolute advantage are asymmetrical or one-sided. The cheap labor country gains, and the expensive labor country loses."

"This means that it will be a long time before Chinese wages rise enough to offset the benefits of offshoring. The same can be said about India. Consequently, a large percentage of US jobs is vulnerable to being moved abroad."

http://www.counterpunch.org/roberts04182006.html

With "Offshoring"

* 56 million American jobs are susceptible to "offshore-outsourcing". That would be about 0.5 or half of the US work force.
* Has contributed to the explosion of the US trade/current account deficit of both manufactured & advanced technology products.
* Much of the US trade deficit results from offshoring.
* Offshoring turns US production into imports.
* Makes cheap foreign labor available to US companies to "produce-offshore" the goods & services that they market to Americans.
* Causes the US to deprive itself of exports & to fill itself w/ imports.
* The devaluation of the dollar is limited by the dollar's reserve role.
* Limits Americans' ability to consume.
* Loses high value-added jobs to gain low value-added jobs (i.e., replacing manufacturing & engineering jobs with waitress, bartender & hospital orderly jobs).
* Places the US in danger of losing its prosperity.
* In the short-run, it raises corporate profits.
* In the long-run, it destroys the domestic consumer market.
* Companies obtain an "asymmetrical or one-sided" absolute advantage by combining high-tech capital w/ low-cost labor. The cheap labor country gains, & the expensive labor country loses.
* It will take a very long time before Chinese & India's wages "rise enough" (& that's assuming that they will rise) to offset the benefits of offshoring. By then, the American "middle-class" will be just as "valued" as the Chinese working class.

Summary:

"Offshoring" raises "corporate profits" while it,

* Destroys the American consumer market & ability to prosper, & since it reduces the amount of money in American's hands available for purchases, it raises the cost of items such that companies can continue to profit, which causes inflation which further devalues the dollar.
* Continues in an endless cycle of increasing trade-deficit, decreasing exports & increasing imports, decreasing available spending money, increasing inflation, & decreasing value of the "dollar".
* Forces foreign countries to buy more dollars just to "imaginarily & temporarily" support the value of the dollar.
* Tremendously reduces the amount of available high-paying high-valued jobs to Americans.
* Lowers American's standard of living to Chinese levels.

The Inevitable Outcome:

The standard of living of any working American will continue to deteriorate indefinitely until the "dollar" can no longer stand on it's own value. When the "dollar" falls, everybody looses including every person, every country, & every government holding dollars. A global economic collapse. The losers will be all of the consumers around the world, & the winners will be all of the owners of the world economies & world resources.

That would be the perfect time to introduce a new "world currency," a "New World Order," & then force everyone into inevitable "Slavery."

Thank God for "Freedom Of Speech"...
8-)
__________________
Freedom is to understand, & to be unbounded by that Freedom -
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
.
Reply With Quote