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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Colorado Progressive Donating Member (980 posts) Send PM | Profile | Ignore Tue Aug-14-07 06:05 PM
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Brigid Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-14-07 06:14 PM
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1. Now we know why . . .
some just refer to the stock market as a "casino." 1929, anyone?
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-14-07 06:38 PM
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2. We keep hearing how important the US to the world economy. Here's why...
Other countries provide raw materials and manufactured goods to the world economy, creating real wealth. The U.S. supplies only two things to the world economy, consumers and the global casino known as Wall Street, (which is sold as a "safe haven" for investment funds).

We need to import (i.e. borrow) $1 billion dollars a day to support our consumption, but we are giving back nothing of value except "financial products" of dubious value. Eventually the world economy will wake up and notice that the U.S. economy is actually superfluous to the larger world economy in that the $1 billion dollars a day they are loaning us could be loaned to other economies that actually produce something of value, and in doing so, replace the U.S. parasite/consumers with producer/consumers anywhere else in the world. We consume vast quantities of oil driving our SUVs to our non-productive "service sector" jobs, stopping on the way to pay thousands of times what any sane human being would pay for water just because it's in a non-productive, disposable plastic bottle. Eventually, the rest of the world will recognize the U.S. economy as a parasite on the global economy, and deal us out of the game. We will go from "super power" to third world country practically overnight.
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