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Our nation wants more government caring for them. In China the rise out of poverty has created a different view.
quote:
Exactly 362,719 brokerage accounts were opened on China’s stock market in a single day, May 24, according to the China Depository and Clearing Company. And for five straight days, over 300,000 new accounts were opened…every single day. This year alone, over 20.9 million new brokerage accounts have been opened. An entire Australia of speculators is hard at work in China, trying to ‘lift the sedan chair.’ The Daily Reckoning
A nation of savers will out perform a nation of borrowers even if the borrowers are more productive because much of their productivity is being sent to the savers who loan them money.
Think about it, the more money they loan you and receive interest for, the less they have to produce. Theoretically, a nation of lenders could eventfully be making some much from interest, they wouldn’t even have to work. Just hire workers to come in and work their restaurants and run their taxis and trains, and build there homes, etc.
At the same time, no matter how productive we are, because of debt, we would have to work each week just to send them the interest they live on.
No wonder President Bush told the Chinese government they needed to get their people to stop saving so much and spend more.
Obama and Hillary both, along with the GOP don’t seem to understand where all this “government” help is leading us.
That’s a great “short and sweet” analysis from Pat Buchanan. Of course some of his stuff is riddled with historical analogies which a lot of people don’t know what the heck he’s talking about.
Bill states in his post #4:
“Of course some of his stuff is riddled with historical analogies which a lot of people don’t know what the heck he’s talking about.”
Bill, what kind of comment is that? Did you read the book? I find it very accurate, at least based on my knowledge base. The average American is quite ignorant and becoming more so by the year. They need to be exposed to real knowledge, not the pablum that they find in the MSM. I really didn’t find your comment very helpful, I found it just sort of flippant, or sloghing off Buchanan’s book. Hell, Bill, maybe the folks might learn something. Don’t discourage them!
Sorry, Bill, I’m just a little bit angry right now – appears Isakson and Chambliss will be endorsing McCain tomorrow. (per CNN) Not that it’s surprising, just somewhat demoralizing. Do you know most of our government are either Traitors or tolerators of Traitors?! Bill, it’s that serious. Most of the folks who represent us and the Nation are selling out us, the Nation, and their very souls.
Hugh
I was active in the “Buchanan for President” movement a while back. I’ve simply tried to get away from insulting the average voter. So Buchanan’s “historical analogies” are great for books, but on TV they may not sink in with the viewer.
That is my feeling too.
Our nation wants more government caring for them. In China the rise out of poverty has created a different view.
quote:
Exactly 362,719 brokerage accounts were opened on China’s stock market in a single day, May 24, according to the China Depository and Clearing Company. And for five straight days, over 300,000 new accounts were opened…every single day. This year alone, over 20.9 million new brokerage accounts have been opened. An entire Australia of speculators is hard at work in China, trying to ‘lift the sedan chair.’
The Daily Reckoning
A nation of savers will out perform a nation of borrowers even if the borrowers are more productive because much of their productivity is being sent to the savers who loan them money.
Think about it, the more money they loan you and receive interest for, the less they have to produce. Theoretically, a nation of lenders could eventfully be making some much from interest, they wouldn’t even have to work. Just hire workers to come in and work their restaurants and run their taxis and trains, and build there homes, etc.
At the same time, no matter how productive we are, because of debt, we would have to work each week just to send them the interest they live on.
No wonder President Bush told the Chinese government they needed to get their people to stop saving so much and spend more.
Obama and Hillary both, along with the GOP don’t seem to understand where all this “government” help is leading us.
No problem, just turn on the printing presses, and don’t turn them off until we’ve printed the trillions needed to pay off our debt.
I’m unaware of any other mechanism available to debtor nations that have dug themselves a deep debt hole.
Look out hyperinflation… here we come!
Pat is right!
That’s a great “short and sweet” analysis from Pat Buchanan. Of course some of his stuff is riddled with historical analogies which a lot of people don’t know what the heck he’s talking about.
John,
Of course Pat’s right! And you are really missing out by not reading his new book!
Bill states in his post #4:
“Of course some of his stuff is riddled with historical analogies which a lot of people don’t know what the heck he’s talking about.”
Bill, what kind of comment is that? Did you read the book? I find it very accurate, at least based on my knowledge base. The average American is quite ignorant and becoming more so by the year. They need to be exposed to real knowledge, not the pablum that they find in the MSM. I really didn’t find your comment very helpful, I found it just sort of flippant, or sloghing off Buchanan’s book. Hell, Bill, maybe the folks might learn something. Don’t discourage them!
Sorry, Bill, I’m just a little bit angry right now – appears Isakson and Chambliss will be endorsing McCain tomorrow. (per CNN) Not that it’s surprising, just somewhat demoralizing. Do you know most of our government are either Traitors or tolerators of Traitors?! Bill, it’s that serious. Most of the folks who represent us and the Nation are selling out us, the Nation, and their very souls.
Hugh
I was active in the “Buchanan for President” movement a while back. I’ve simply tried to get away from insulting the average voter. So Buchanan’s “historical analogies” are great for books, but on TV they may not sink in with the viewer.