Most Americans Are Stupid
Don Stott"Gee, that's pretty cheap. I just love shopping at Wal Mart. They have everything." That phrase has been repeated thousands of times, every day, all over the world, but especially in America. I'll give an American Gold Eagle, to someone, who will spray paint out the WAL, on a Wal Mart truck, and spray on "CHINA" in its place, and have it appear in a newspaper, which undoubtedly will be picked up by wire services, and shown to a hundred million Americans. That's assuming a hundred million Americans can still read, or do so, at least on special occasions. Americans just don't realize that we are becoming a third world nation. They're too busy enriching China. What describes a third world nation? High unemployment, high debts, government corruption, and a declining currency, would pretty well describe a third world nation. We have them all.
What happens, when the credit cards are maxed out, and the income doesn't even allow paying of the minimum each month? Bankruptcy. (Bankruptcies are at all time highs) What happens, when there isn't enough money to make the car payment? Repossession. (used car lots are bulging at the seams) When a government covers up plane crashes that are obviously terrorist caused, tells everyone that they were caused by wires, wind, or other absurd reasons, and pours out its currency by hundreds of billions to the unworthy, foolish, and ridiculous; is it corrupt? When a currency has lost 98% of its value in 70 years, and the presses are running 7/24, turning out unbacked bills, checks, and notes, is its currency declining?
What happens, when you can't get a job that equals the job from which you have been laid off? You get two jobs, three jobs, or whatever it takes to get by, with resulting marriage breakups, and kids running amok. When a government takes in a million, its expenses are a million, debt service is a third of a million, both expenses and debts are increasing dramatically, and the presses roll to pay the deficits, how long can that continue, without holders of those debts and bills, bailing out? Technically, the pieces of paper with ink on them, are "authorized" by some entity "buying" the debt. That "purchase" is created with money created out of nothing, and can go on ad infinitum, ad continuum. The Japanese know what the Tarot Cards have foretold, and they are bailing out of paper and ink, and into ounces of gold.
The myth that one can exchange good labor or merchandise, for worthless pieces of paper with ink on them, whose "value," is due to legal tender laws, will be seen as a fraud by more and more, till those pieces of paper become a laughing stock. "You can fool all of the people some of the time, and some of the people all of the time, but you can't fool all of the people all of the time." I have several clients who are bankers, and wouldn't save a cent in their own place of employment. I have many, who have cleaned out their savings accounts, and placed those dollars in gold and silver. I have many, who sold their stock, and placed those dollars in gold and silver. Those that protect themselves in that manner, are certainly not "stupid!"
Cheap prices for Chinese merchandise, is the equivalent of a mortally wounded animal in the woods, licking its wounds, literally drinking its own blood. The transfer of blood from the veins to the stomach, results in death. If the transfusing of our blood to China, via low dollar prices, feels good; like the animal, we will soon die. Intel, IBM, Motorola, Lucent, GE. and Microsoft have long had R&D labs in China, using American trained, Chinese engineers, who work at a third of US wages. Emerson Electric, Black & Decker, Lear, and Evercel, all are, or soon will, move factories to China. It is said that Wal Mart has 700 factories in China. China's standard of living is moving up, while ours is moving down. A nation that doesn't make what it uses, is a third world nation. A nation, where highly paid workers are laid off, and have to work flipping hamburgers or go on unemployment, is a third world nation.
Every dime you spend on merchandise that is made in China, is another tack in a huge coffin, labeled "AMERICA." If a huge lake that holds trillions of gallons of water (America), springs a leak, and 450 billion gallons leak out each year, (dollars) with no replacement, what will happen to that lake? The free traders are so miserably WRONG, that it makes me ill. Who cares whether China's standard of living is moving up, at our expense? Who cares whether Mexican labor's wages have moved up a trifle, while hundreds of thousands of American workers are out of a job? Who cares? The One World gang, who would equalize everyone down to the level of begging, that's who. The One World gang, as represented by the IMF, World Bank, United Nations, and Federal Reserve, plus members and boosters of these groups, that's who. It's the DC culprits, who extol the public schools and send their kids to private schools, that's who. It's the Hillary Clintons, and Ted Kennedys, and their ilk, that's who. "Free trade" has become an icon to conservatives, and I simply do not understand why. "Free trade," is bellowed from the housetops and pulpits, as if it were so logical and righteous, that no one should even question it. Conservatives have been brainwashed into believing that low prices for Chinese stuff, is a godsend.
America is bleeding to death, just like that animal in the woods. We lick our mortal wound, by buying Chinese stuff at hundreds of China Marts, Home Depots, and even at the corner store. It has become virtually impossible to buy some items that are NOT made in China. China has taken over the American retail field, and like magic, is rising like the Phoenix Bird, while we are settling into the dust of decay and lost prosperity.
And what can you do? Not much, except protect yourself. Trying to make America understand the folly of "free trade," is like trying to make a lady out of Liz Taylor. It's too late. We will just watch, as our dollars decline, China's power and military might ascend, and we send more troops overseas, to further bankrupt ourselves. We won't bring troops home, control our borders, or do much of anything that could be considered sane.
Dubya has thrust us into a war that was aptly described by Shakespeare:
"Beware the leader who bangs the drums of war, in order to whip the citizenry into a patriotic fervor, for patriotism is indeed a double-edged sword. It both emboldens the blood, just as it narrows the mind. And when the drums of war have reached a fever pitch, and the blood boils with hate, and the mind has closed, the leader will have no need in seizing the rights of the citizenry. Rather, the citizenry, infused with fear, and blinded by patriotism, will offer up all their rights unto the leader, and gladly so. How do I know? For this is what I have done. And I am Caesar."
Washington DC is a beehive of stupidity and subversion. They'll continue to tax the productive sector, and subsidize the unproductive. Guess which sector will multiply, and out vote us? It's been said that if the Chinese started walking off a cliff, seven at a time, they could walk forever. That's how powerful a nation China will become…thanks to us transferring our capital to them. No, it will not stop, and China Marts will continue to proliferate. Wal Mart, since it is the largest business in the world, almost by itself is financing China's escalation, and our demise. Americans will continue to shop at Wal Marts, and pour their dollars into China's coffers. Some will protest, and be careful about what they purchase, and some will protect themselves by getting out of fading currencies, but most won't. In history, the majority is usually wrong. The current time is no exception. Protect yourself. No one else will.
April 29, 2002
Don Stott has been a precious metals broker since 1977, has written five books, hundreds of columns, and his web site is www.coloradogold.com
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