Will We Right the Ship - Or Sink by Thomas Heffner on October 23, 2011 - 1:17pm As job losses continue to mount, is your financial future at risk? The months ahead could determine the success or failure of the nation's economic course; will we right the ship- or sink into the history books as another former superpower?
With each passing day the American labor force is being quietly redeployed into lower-paying service, retail, hospitality, assembly, and distribution jobs that are transient, do not support communities, careers, or provide benefits. Is this the career path you envisioned for yourself? It is apparent that America's fundamental economic underpinnings are slipping. The evidence continues to mount: U.S. currency is being devalued; the opportunities to produce goods in America have all but vanished; nearly all manufactured goods are now coming from overseas; and we have made almost no effort to restrain other countries from purchasing or bankrupting our industries. Since 1976 we have sold over 16,000 of our best companies to foreign entities, and all of the future profit and technologies will go with them. As our means to produce wealth diminishes, the American economy is increasingly being financed by foreign nations in ways that do not draw national headlines, but warrant further examination. Foreign nations directly purchase U.S. Treasuries - not only for the return or safety - but to create leverage over our policies, artificially suppress our interest rates to suppress savings, and to keep our currency artificially strong which suppresses our exports and rewards consumer spending on imports. The major problem in the U.S. is we are oblivious to our real needs and our focus has been sidetracked. Our leaders must be bold enough to address the issues we face, instead of merely placating the public. The transition back to prosperity may be rocky, but if we acknowledge the problem and act now, we may be able to right t ------------------------------------ Post message: prole...@egroups.com Subscribe : proletar-subscr...@egroups.com Unsubscribe : proletar-unsubscr...@egroups.com List owner : proletar-ow...@egroups.com Homepage : http://proletar.8m.com/Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/proletar/join (Yahoo! ID required) <*> To change settings via email: proletar-dig...@yahoogroups.com proletar-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: proletar-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
