All those dollars…

and what to do with them? Imagine your China, sitting on a trillion or more US dollars. What would you do with them? Ponder no longer because the Chinese have made their move with a few of them. They’ve decided to take 1.8 billion of those greenbacks and buy Volvo automobile operations from Ford Motor Company. It sounds like a great deal considering that Ford paid $6.5 billion for Volvo way back in 1999, you know, before the US government socialized Ford’s competitors, GM and Chrysler. At any rate, things are looking up for the circulation of the US dollar.

It seems the Chinese have finally woken up to the hangover of having lent a bit too much cash to their drunken sailor pal, the United States Federal Government. Therefore, the move is on to get rid of those dollars so as not to be stuck holding the bag when their deadbeat finally balks and decides either 1) not to pay, or 2) to devalue the currency. Better buy what you can, while you can, or else you’ll be holding paper that has a more valuable use in the lavatory.

In the scheme of things, $1.8 billion sounds like chump change compared to the trillions floating around out there. But there’s more to this game than a single field with a few guys tramping the grass. The Chinese are buying hard assets everywhere from Cartegna to Canberra, Mongolia to Madagascar. They’re quite pleased to hand pieces of paper printed at the US Treasury for these assets because the paper will soon be declining in value and China has a billion people to feed, clothe, shelter, and tote around every day. What would you rather own: a) a promise from Barack Obama’s non-tax paying treasury secretary; b) a promise from the very recently but temporarily removed chairman of the House Ways and Means Committee; or c) a coal mine in Colombia that produces hundreds of thousands of tons of raw energy for your economy. Quick now! What’s it going to be?

The conversion will continue and accelerate. This is sad news for those saps taking the paper. Soon they’ll figure out they sold cheap as they try to return those bucks to Uncle Sam at an ever decreasing value to buy things like Hollywood Movies, which are hard to eat, ride in, or re-sell. Man are they going to be angry. They might also be perturbed that the ugly Americans on their soil were one thing, but the Chinese are something else entirely. Are the Chinese managers going to embrace all the new fangled global environmental regs? How about the unionization of the employees? How about the safety standards? Take a look at China’s factories, mines, and cities and you’ll see people don’t wear masks to celebrate Halloween every day of the year. Nor do they have sky-high cancer rates because of too many cigarettes, although that is a problem, too.

Yet, the biggest menace of all will come in the future as the Chinese leap frog ahead in technological innovation. They’re buying the Volvo assets that include factories and systems developed over 90 years. They’re getting it all for a song and getting it right now. They can build upon this huge step up and launch toward the future not only in automobiles but in the many other technologies that they’re buying. In the mean time, America and Europe fester in a limbo of socialistic delusion that if only we work less, we’ll have more. We’ll have more allright, more imports from China, more idiotic policies from a US Administration and Congress dominated by ingrates and fools, and more free time to learn Mandarin and Cantonese, which will come in handy in a couple of years when those nouveau riche tourists from behind the Great Wall arrive by the 747-load. Sorry, that won’t be a Boeing-built 747, it will be a Geely-built model 1.

Published in: on March 28, 2010 at 9:35 pm  Leave a Comment  
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Sir Winston’s Quote for Today

The light of the current goings-on in the United States, may I humbly offer the following quote from a great leader.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
Sir Winston Churchill

Published in: on July 26, 2009 at 1:16 pm  Leave a Comment  
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Shredded!

In light of recent actions taken by the United States Government and words spoken by too many pundits, journalists, and outright fools, may I suggest a reading of the following document, Page 1 shown here the other three available upon request.

constitution_1_of_4_630In particular, I heard only moments ago, a person speaking with the host of a popular financial show say that people involved with the recent Tea Party protests were akin to her complaining about Nieman Marcus raising the price of her lipstick. You know, some people simply don’t get it and this lady is one of them. She thinks that your money isn’t your money. She thinks that your money should go into a common pot so that it can be spread around according to the whims of a bunch of tyrants not much better than the tin pot dictators of yore or the pseudo-marxist red shirts of today. People of this woman’s ilk hold the rest of us in complete contempt. They like to refer to us a “complainers” unwilling to “do our part.” Well, the last time I checked, millions of people in this country are doing their part, paying taxes, providing goods and services to their fellow Americans, and raising their children appropriately. However, there is a growing class of people who refuse to do this. They’re the sorry complainers of this nation, the ones who think that nothing is fair, that they shouldn’t be held responsible for any of their bad decisions, and that they should be given whatever happens to be the handout du jour. They rely on political largesse and lap it up to the tune of billions if not trillions of dollars.

The last time I read the Constitution, and the Declaration of Independence for that matter, I saw nothing about empowering the government to spread the wealth around. Thus, to the good lady mentioned above, let me respectfully ask her to keep her sticky fingers out of my wallet. An American keeps his money by right, not by privilege. Furthermore, the right to redress the government is one of the things mentioned in the Constitution and I happened to visit a few of those Tea Party rallies yesterday. Those people were universally doing just that: letting their government know they are not pleased with the direction they are taking. So if the good lady wants to mock them, go right ahead. Keep it up. Keep denying the reality that the forty percent of the people who still pay taxes in this nation are tired of giving it away to the other sixty percent. This is her idea of democracy: six men and four women are in a room, a vote is held and the resolution passes by six to four that the men can rape the women.

Just remember one thing ma’am. You don’t know how to get the job done, whatever it may be. You don’t know how to create wealth, only how to destroy it. You couldn’t run a lemonade stand on a hot July afternoon on a busy street. Before you hold the earners in contempt, I recommend you get out of that Nieman Marcus store, roll up your sleeves, and do something productive for a change. You’d be surprised the level of anger you feel after working hard, earning a few dollars, and then watching it drain away according to the edicts sent from on high in Washington.

Finally, if the good lady is offended by the previous paragraphs then it only uncovers her internal denial of her own philosophy. After all, it is she who wants to roast the golden goose to have a fine dinner tonight at the loss of all those golden eggs in the future. But boy oh boy, doesn’t that goose taste good? Too bad hers is the one being cooked.

Viva la revolution!

Remember what brought about this?

The people occupying positions in the United States Federal Government are acting much like King George III. After some dithering, the following post was made by another precursor to what we know now as a “blog.” It was the town crier of Philadelphia, circa 4 July 1776. Here’s what was said in case you missed it. Please read carefully.
declainde1

In particular, I draw your attention to the following:

“He has refused his assent to laws most wholesome and necessary for the public good.”

“He has obstructed the administration of justice by refusing his assent for laws establishing judiciary powers.”

“He has erected a multitude of new offices.”

“FOR IMPOSING TAXES ON US WITHOUT OUR CONSENT.”

If any more explanation is required… forget it.

Published in: on March 1, 2009 at 10:47 am  Comments (1)  
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