I think the wheelbarrow story filled with worthless money to buy a loaf a bread belongs to post WWI Germany- the Nazis didn't exist.
On Nov 30, 7:36 pm, Hank Kroll <[EMAIL PROTECTED]> wrote: > Third world status in 10 years? I hope not. > The American Society of Civil Engineers now warns that the United > States has fallen so far behind in maintaining its public > infrastructure — roads, bridges, schools, dams — that it would take > more than $1.5 trillion over five years just to bring it back up to > standard. > As you can probably guess, Canada’s infrastructure problem is not > nearly as bad or as costly as the U.S.’s. But with far fewer people > and companies, the investment opportunities are just as big. According > to Canada’s 2007 national budget, the government will throw > approximately $1,000 per person at the infrastructure problems over > the next seven years. That’s $33 billion total.” > This year 2008 alone the US spent money equal to ½ the gross national > product bailing out the banks and insurance companies whey our > congressmen keep their retirement accounts. Each time they print that > amount of money and borrow it back at prime interest from the Federal > Reserve banks they lower the value of the dollar 50% plus they have to > pay prime interest on the money. I would call that hyper inflation. > In the next five years when the government has to cough up 1.5 > trillion to rebuild the infrastructure on top of taking over all the > business and home mortgages plus bailing out all the banks they will > have to print even more money lowering the value of the dollar another > 50%. Your wages won’t keep up with the deviation of the currency and > your standard of living will be so low it might take a wheelbarrow > load of money to buy a loaf of bread. Very soon you won’t afford to > rent or buy a house and you will take the chip in order to eat. > Once you are chipped you will be a slave. If a bureaucrat wants to do > your wife or take your children you won’t protest. > The US debt was calculated recently at 7.76 trillion dollars which is > one half the Gross National Product (GNP) of last year. > OTHER SIDE OF THE PLANET > On the other side of the globe China’s march to become a global > economic powerhouse never seems to slow. > > Think about it. We’re talking about a country experiencing an > infrastructure boom akin to the reconstruction of Europe after WWII, > pouring some $150 billion into development efforts annually, or > roughly 9% of China’s GDP. > > At the current rate of growth, it would take as little as 10 years > for china to build an additional country the size of the United states > inside its borders. > > On the East Coast, shanghai already has more than 4,000 skyscrapers > and another 1,000 in blueprint form – twice as many as New York City. > > As a result, China is consuming half of the world’s cement, 40% of its > steel and 20% of it copper. Since 2002, China has also accounted for > almost all the world’s consumption growth of nickel, and tin, and more > than the world’s growth of lead and zinc. The massive consumption > doesn’t stop there. > > With huge demand for stainless steel, electrical wire, cable and > infrastructure, China is a large net importer of oil, copper, iron, > lead, nickel, and zinc, where prices have increased the most, and > magnesium—the third most commonly used structural metal, following > steel and aluminum. > > This means that America is going to have to pay double for these raw > materials in order to rebuild its infrastructure and since the value > of the dollar is falling it will cost us four times what it does now. > > As China has continued its explosive growth, the quality of air in the > country has paid the price. Rectifying the damage won’t come cheap. > > The cost of China’s investment for 2006-2010 in cleaning up the > country’s air, water and reputation is projected to top $160 billion, > according to the China State environmental Protection Agency. And it > plans to invest billion more in the coming years. > > No alternative energy rock will go unturned: nuclear, solar, > geothermal, bio-diesel or wind power. > > In fact, a recent report in the Shanghai Daily stated that the > government is considering increasing monies allocated to wind power in > order to expand capacity from 5,600 megawatts to 100,000 megawatts by > 2020. > > An in crease in wind power goes hand-in-hand with China’s ambitious > plans to cut its reliance on coal to about 35% of its energy needs by > 2050, with primary energy sources such as nuclear, hydro, solar, and > wind power accounting for 15%-20%. > > In only two years America might be like Nazi Germany toward the end of > the war when it took a wheelbarrow full of money to buy a loaf of > bread. Eventually the government will hold all the mortgages and own > all the land. Isn’t that Communism? Will we have to take the chip in > order to eat? > > With oil prices near record levels on global supply concerns, some > energy analysts have forecast that crude ultimately hit $200 a barrel > before all is said and done. Guess what this would do to the US > economy? Don’t say I didn’t warn you.www.GuardDogBooks.com & > www.AlaskaPublishing.com --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
