The Wall Street Journal is reporting that Prince Alwaleed Bin Talal, the subject of Rudy’s scorn at last week’s New Hampshire debate, is about to invest billions more in struggling Citigroup, no thanks to Rudy of course. While it’s not a positive sign for America that foreigners are beginning to seize their assets, it does show a commitment by the Saudi Prince to saving America’s largest financial institution. Would you invest billions of dollars in a country you are trying to destroy? I didn’t think so.
This commentary is not about the Federal Reserve, it’s about central banks in other regions that are following the Federal Reserve down a path to self destruction. Foreign central banks are deliberately inflating their own currencies along with the Federal Reserve, against the best interest of their citizens, in a vain attempt to help Americans move beyond the consequences of their own irresponsibility.
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This was the highlight of last night’s debate, for me.
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The argument in favor of tipping at restaurants is always an emotional appeal to support poor waitresses that make a pitiful $0.50 per hour slave wage, or whatever. One of my friends actually tried to convince me that if restaurants paid their employees more they would all go out of business — think of all the poor waitresses that would lose their livelihood! Bull shit.
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Over the course of a few days, a reader who goes by the name “General Public” discussed with me the merits of using food as money, instead of gold. I’m still not sold on the idea, but it was a meaningful discussion that deserves more publicity.
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Whether China will emerge unphased from a significant slowdown in the American consumption machine is a debate that has been raging for well over a year. Many respected economists disagree on this important question.
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They say intelligent people point out the obvious and geniuses point out the obscure, so this idea may not be genius, but it’s pretty damn close. It’s so simple it makes me want to scream.
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All the real experts are supporting the only candidate with a real plan to resolve the coming economic storm.
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ABC included Ron Paul in the debate, so I’m going to give them some publicity. What follows is the entire debate.
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America produces nothing and can only sustain its standard of living because every fabricated fiat dollar spent on imported goods eventually gets recycled back into Wall Street as investment. Those investments filter down throughout the country and the end result is a cycle that sustains a service and consumption based economy with a dwindling manufacturing base.
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