Archive for May, 2011

National emblem of the People's Republic of China

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The article above doesn’t give a complete picture of China.  It is, however, a salient one.

There are MANY who would lead us to believe that China is an emerging power; an emerging SUPER power.

In 2009 the population of China was pegged at 1,331,460,000!    That is almost four times the population of the U.S.  It’s ludicrous that they are NOT a power already.

Why is China soooooo backward?  Why do so many of it’s people live in squalor?  Why after what 5000 or so years of “civilization” are they playing catch up?  They have had a HUGE head start.

Well in my not so humble opinion for the vast majority of Chinese history, the Chinese people were chattel.  Not much has changed.   Their system is oppressive. and has been for a REALLY LONG TIME.  As such, China is a threat.  It’s a society that does NOT share our values.  It is a government that regards its people as tools.

What do their leaders think of us?  How do they regard our society?  Well, if they see their own people as tools, I can’t imagine they think very highly of us.   Given their trade practices, of which I have some personal experience, they don’t respect us.

I think it’s time our relations with China reflect the reality that they are NOT our friends.   Maybe enemy is not the right word either.   Maybe it is.


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John Boehner

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Three days ago, Speaker of the House, John Boehner told a gathering of economists that he wouldn’t agree to a debt limit increase without TRILLIONS of dollars in federal spending cuts.

This sounds good.  Well, a good start.

There are many who believe there is no good reason to raise the debt limit at all.  That to stop the debt right where it is is the best way to start on the road to fiscal sanity.

I have no credentials as an economist.  But it seems that no one can get around the basic idea that income MUST at least match outflow to remain solvent.  If the debt ceiling is constantly being raised, that prospect seems further off.

So, I applaud Mr. Boehner’s leadership.  However, very very soon, their must be no more increase to the debt.  Tax rates must NOT increase until the waste, fraud and duplication in federal spending is weeded out.  There IS a revenue problem.  But it must be solved with growth and federal spending, as the last two plus years demonstrates, does NOT cause economic growth.


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President Barack Obama speaks to a joint sessi...

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A good friend of mine forwarded this to me and I wanted to share it with all of you.


Politicians are the only people in the world who create problems and then campaign against them.

United States consumer Confidence 1978-2010 fr...

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I’ve  been watching the oil market for the last several weeks with great unease.   Over the last few days it seemed to be stalling out at $115.oo/barrel.  To my delight today it fell below $100.00/barrel!

Later I found out that oil fell because of all the bad economic news.  Consumer confidence and spending is down, unemployment claims are up.  So, all of a sudden the traders felt like they didn’t want to hang on to their oil futures any more.

Well, I think there is more to the story here.   (more…)

The bar chart presented on the National Debt A...

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While the take down of Osama Bin Laden absorbs most of our collective media and personal attention a perhaps more urgent battle looms than the continuing “war on terror.”

Soon, congress will be faced again with the “necessity” to raise the debt limit to avoid financial default.  While the consequences of default are real and perhaps really unpleasant, the runaway debt and spending of the federal government is a much greater, more devastating danger.

Currently enjoying the company of 72 virgins.

There is much speculation on the real impact of Bin Laden‘s death. How will Al Qaeda manage without him? Will current plots stall or be sped up? Will budding terrorists be inspired or deflated? Who knows?

The answer is probably YES! Any which way an individual or organization could react will happen somewhere by someone. These are events out of our control.