The American Consumer is driving the economies of all the developing countries around the entire world. Americans, however, are losing their high paying jobs and their medical insurance. Americans are paying ever increasing fuel costs for transportation and energy.
One example is the banking industry. In order to keep the housing market flush with cash, banks relaxed qualifications for mortgages, and even created interest-only flexible rate mortgages when the interest rates were very low. This was popular with low income families who wanted a home.
The banks and lenders then sold those mortgages to large pension funds and other big institutional investors. But now the interest rates are going up, and all those poor people suddenly see their monthly mortgage payments going up; many of those people have stopped making their mortgage payments.
The three-fold effect of gas prices, mortgage rates, and wage and job cuts will result in what the News Media will call “The Housing Tsunami” or “DEPRESSION”
Showing posts with label work. Show all posts
Showing posts with label work. Show all posts
Sunday, March 4, 2007
Tuesday, February 20, 2007
Trade Deficits
Even on C-SPAN they talk of a trade deficit with China. There are goods being manufactured in China for consumers in the United States. Goods were once manufactured in Mexico for the United States too.
A Mexican Ambassador once said that most of the companies in Mexico are American companies. It was the first and last time something like that was ever again said on television.
The trade deficit with China is a lie. The companies in China are American companies. The one truth is, however, that the money is going to China, but then it goes into the bank accounts of those who were once American, but now can globe-trot and thumb their noses at the citizenship rules by which the rest of us live.
They are the global entrepreneurs who have shed themselves of any sense of loyalty to their childhood nation. When Leona Helmsley said “only the little people pay taxes,” her biggest mistake was living in the United States when she said it.
So let’s think about it for a moment. If they are doing it, why shouldn't the rest of us? Why should we be hindered by the rules of patriotism shirked by those who control all of our natural resources?
I worked hard, like the dutiful Kamikaze pilot who celebrated his final flight with rituals and parties, but when his engine didn’t start, he walked off the runway to his superiors who previously proclaimed they would soon follow him, and he discovered that they had no such plan to die that day, or any day.
There was no reciprocal loyalty at work when I was laid off at AT&T. They paid me a wage so they didn’t have to consider my intrinsic value as a human being.
So, what makes you so sure that all your hard work will win the hearts and minds of those who are forced by law to pay your wages, taxes, health insurance, and other benefits?
Never assume that you have job security. Always look over your shoulder. It’s a cold hard world in America.
A Mexican Ambassador once said that most of the companies in Mexico are American companies. It was the first and last time something like that was ever again said on television.
The trade deficit with China is a lie. The companies in China are American companies. The one truth is, however, that the money is going to China, but then it goes into the bank accounts of those who were once American, but now can globe-trot and thumb their noses at the citizenship rules by which the rest of us live.
They are the global entrepreneurs who have shed themselves of any sense of loyalty to their childhood nation. When Leona Helmsley said “only the little people pay taxes,” her biggest mistake was living in the United States when she said it.
So let’s think about it for a moment. If they are doing it, why shouldn't the rest of us? Why should we be hindered by the rules of patriotism shirked by those who control all of our natural resources?
I worked hard, like the dutiful Kamikaze pilot who celebrated his final flight with rituals and parties, but when his engine didn’t start, he walked off the runway to his superiors who previously proclaimed they would soon follow him, and he discovered that they had no such plan to die that day, or any day.
There was no reciprocal loyalty at work when I was laid off at AT&T. They paid me a wage so they didn’t have to consider my intrinsic value as a human being.
So, what makes you so sure that all your hard work will win the hearts and minds of those who are forced by law to pay your wages, taxes, health insurance, and other benefits?
Never assume that you have job security. Always look over your shoulder. It’s a cold hard world in America.
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