Intel may invest in India testing plant

TalkBack 5 of 5:

« Previous

• Thread View
• Flat View

News breaking: America is financially exterminated.

Its greed and desire to snub it to its own pool of intelligent working class is what did it.

The more offshoring continues, the sooner the housing bubble will burst. And as the tax burden continues to be shifted toward the middle class, the same middle class being whittled away at with offshoring, there's going to be big problems very soon. (and the poor sure as heck can't even LIVE with increased taxes...)

Never mind the economy, more than 2/3'rds of which DEPENDS on the middle class buying cheap plastic trinkets from Mallwart stores. Not that THAT matters, our trade deficit continues to worsen every year - I recall when the previous administration got the blame for not doing anything about a worsening deficit. What's the current one doing, apart from openly supporting policies that LEAD TO THE TRADE DEFICIT PROBLEM IN THE FRIST PLACE?

And didn't these trade deficits start to bloom way back when textile industries started to move to China?

Short-term greed blinds those who have the ability to turn things around into doing more of the same. Indeed, what's the point to having millions or billions of dollars when the dollar becomes WORTHLESS in a catastrophic crash (our debts have been unsustainable for over 100 days now, as said by chief parrot Greenspan and us with brains know that the increasing debt would lead to this upcoming catastrophe). Worthless because, as more and more of our industries and infrastructure gets sold out, the less we do here at home.

To make things short: China, India, and Saudi Arabia own us. And whn they see the dollar fall in value just as South Korea had, they'll "diversify" and take their money out of our economy as well. And if just one of them does that, we're finished.

Meanwhile, starting with a plane incident in May 2001, the US has said and done things not to China's liking. And who needs to launch a bomb when all China need does is to remove their investment in the US for total destabilization to occur?

Like a obscure sci-fi robot once said, "we're boned".

Posted by: HypnoToad   Posted on: 06/15/05 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• VMware Infrastructure: A Guide to Bottom-Line Benefits VMware Frustrated by the costs of maintain ever larger data centers?or building ... Download Now
• Reducing Server Total Cost of Ownership with VMware Virtualization Software VMware VMware virtualization enables customers to reduce their server TCO and ... Download Now
• Three Steps You Need to Know to Stop Data Loss Varonis Sensitive data exposed to misuse or loss... it is the stuff of nightmares ... Download Now