forged registration
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Dec-17-2005
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Message #113410 posted by forged registration (Info) March 18, 2008 13:41:59 ET
In Reply to: The End Of Your Way Of Life? posted by dana west (Info) March 18, 2008 04:27:27 ET
the empire is in decay, like empires that fell before...the usa traded away the manufacturing and textile industries that made it strong, in exchange for management rights and stock/shares: no employees, no buildings, no machines...we just want the profits, thanks...the people who made a living making and sewing things now work at drive thru windows, call centers, and increasingly in something called 'financial services'...the usa has the largest service sector as a share of employment of any OECD country...people are working but they aren't doing anything - they're shifting abstract values back and forth, creating value out of nothing
what happened to the other empires? the roman, french, spanish, dutch and british empires expanded abroad using their shipping expertise...they used cheap foreign labour/goods to raise capital...they used that capital to finance more trade expeditions...they loaned and borrowed vast sums of money...they went broke using their armies to defend their extended empires, with no real domestic economy at home to sustain themselves...their greed and sloth created a widespread rentier class of business people that did no real work, and passed their wealth on to underserving decendants to carry on the bloodsucking economics until the wealth was exhausted
that's where we are headed...like the author of that article, comforting himself with his gold and oil investments while the american manufacturing industry gasps for air...america's military can sustain the empire long enough for the elite rentier class to squirrel it's hoarded wealth away in foreign banks...the politicians still get their golden parachutes as long as the US gov't can borrow money to pay their pensions....the rest of us can watch our minimum wage call center incomes shrink with inflation
i should have gone long on barrels of blood, err, i mean oil back when it was under $25 in 2002...then i would be writing this from my tax haven mansion in the bahamas
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