Quote from Scataphagos:
Agree about "US HAS to rebuild actual manufacturing production". Disagree that there is ANY possibility of doing so without either (1) protectionist policies... which will really piss-off our trading partners, or (2) debasing the $USD to such a degree as to bankrupt or nearly bankrupt our citizenry.
"Currency devaluation" always(?) gives the APPEARANCE of benefit in the short term but REAL damage and pain in the long term.
The idea of "devaluation of $USD" is bantered back and forth all the time now. But to put us on a par with low-labor cost countries, the $USD would have to decline to LESS THAN 10!... currently, 80.
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Agreed.....1000%....
Have followed Levy for many years.....They are a very conservative group for the most part....and have interesting viewpoints....
However....both you and I know that :
A) A government in balance to its providers works far better than one out of balance....
B) Balance means that wealth is more broadly distributed....but by merit ....not welfare.....at least in a balanced manner....
There have been no proposals....and no studies by the academics....or other private think tanks....that have properly addressed the proper cure.....which is correct from every angle....
1) Broad based tax .....based on consumption.....you use it.....you pay....you do not use it....you do not pay....
10% C for the state base....with localized project elections and management....projects win by local vote and mandates....
5% C goes to the Fed which is managed by state directed mandates....All other taxes will be declared illegal, eliminated....
The two party lobbyist advertising system clearly should be eliminated....And the FED RES should no longer exist....
2) Better distribution of wealth....by merit.....Globalization is about distribution of wealth....This will not happen without a new worldwide securities exchange whereby one has a tax free, unencumbered venue to all world securities in the currency of choice....with a central wiki knowledge base....
3) A better overall human experience.....
Freedom from govt. gestapo tactics and big govt./corp. fascist dominance....
The mere enactment of 1) will bring about real freedom which none of the current population has ever experienced....
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If the US/World would like to recover in the best/fastest manner possible.....the above has to be enacted pronto....
The current administration does not have a clue that it is actually "killing what is left of the US"....and the rest of the world....
A good man can be even more damaging than a crook when he enacts stupidity....
