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Why the west is and will continue to become desperately poor

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virtuoso:
Hey let's stimulate the economy so what shall we buy?

Let's buy a new tv, ah Japan sends it's thanks

Let's buy some new clothes India says thanks

I just bought some new Nike's Bangladesh says thanks

Man, I just bought myself a new ipad....China says thank you

We just need to build more homes then right? hmmm and how do you propose that the average person is going to purchase that home?

Hey, we need to invest in radical new technology then, true, but any radical new technology which needs produce mass output will usurp human labour

We need to create more new jobs........the easiest jobs to create are low paid ones but low pay means a poorer and poorer standard of living.

The answer is we need to become more competitive, ..............the only way you can compete with slave labour is to have a supply of slave labour also

According to Martin Armstrong 75% of the national debt  of America is the accumulated interest debt

We need to get people off welfare......so ....those who already desperate, those dependent, those sick, will feel much better when they are left to starve to death.

Oh, excuse me, charities will save the day fuck you Peter Rothschilds Schiff.

This is why the grand standing of the politicians needs to be tuned out because they offer only hot air.

Teddy Roosevelt:
When it comes down to it, the current economic attitude is the United States is that the economy is stong when:
1. we spend more
2. more credit is made available

I see some serious problems with that logic. :-\

V2DHeart:
The plan is to get all countries debts so incredibly high that they have no option but to honour a default and introduction of a new, cleaner, "safer" global currency, as trades, and sovereignty of a interconnecting modern world will most likely get the blame IE; China's labour over US's, UK's stubbornness to adapt technology industries like India etc etc.

Mr. O:
here's the santa list..

Democrap willing to spend spend spend...
Obamacare and unaffordable care act
(here's the funny part: according to law...it stated that illegal immigrants are EXEMPT from paying health insurance..because they are  not part of the U.S. or something like that.)

It seems he is actually depopulating the country.

TraceOneInfinite:
  Virt... this is a good deal for the West because that means we get all these great products without having to produce them.   The western economy has advanced its standard of living beyond the factor, producer labor into a service economy and now an information economy

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