The US stock market is a Ponzi Scheme.
A bunch of rich people that manipulates the value of everything.
When times are good, the rich sells their investments to the poor, making them look good in the eyes of the prospector, thinking they are going to get rich if they buy into that stock.
When the stock drops, the poor people says - that wasn't such a smart investment and they sell their stocks, hopefully before they fall below the price that the speculator paid for them.
The Investor is in it for the long term. He does not sway by what the market is doing today and looks at the long term investment. What is this stock going to be worth 50 years from now?
When the Chinese devalue's their money, it allows the American's to buy their products and services at a much cheaper rate of exchange - drives down the cost of the item, there by releasing more dollars that can be spent.
This re enforces their currency, as they get us to buy more and more of their goods and services.
The town I live in did not have a McDonalds until 20 years ago. As a matter of fact, they had no fast food joints at all. Today there is a half a dozen.
30 years ago, the town I live near had two dozen small diners within a 15 mile radius, now there is maybe 10.
40 years ago - there was a dozen grocery stores within 5 miles of my home, now there is three.
30 years ago - my dollar was worth more and I could buy more in the grocery store.
When a big off name chain store came to town, the smaller stores went out of business and only three remained.
When WalMart came to town, they drove two of the stores into bankruptcy, and the one remaining store is darn near ready to close. Only Aldi's - with their large chain of stores can compete with WalMart.
As each store closed, the cost of grocery's escalated.
When only WalMart remains - you will pay $5.00 for a gallon of MILK and $4.00 for a loaf of bread and $2.00 for a can of soup! Only the people on public assistance will be able to afford to go grocery shopping.
This makes fast food attractive.
No cooking, no dishes, no left overs, just drive up, pay and eat.
They did a study on rats and they found that when you feed a rat nothing but fast food, the whole rat population will become obese.
Within two generations the rats develops diabetes and within 3 generations the rats becomes sterile - can't have little rats..
The short term gains of shopping at a Walmart Super Center is that you can get a couple of things today - Cheap!
But when they drive the competition out of business, you will be at the mercy of WalMart - which is probably owned by the Chinese anyways!
So the American's are brainwashed with their cell phones and their fast food is killing them and the pollution made by buying cheap plastic junk, using it for a while and then throwing it in the trash is coming back to haunt us!
Go figure - how long did it take for Rome to fall?
Can't anyone learn from History?
