Saturday, October 24, 2009

WHERE THE JOBS AREn't

Globalization is to save the world. Free Trade is supposed to benefit the western nations. This jurist sees the ebb and flow of economic demise as more of a factor of capital flight. The stock market crash of 1929 was supposed to be the harbinger of the great depression, but it was not. The depression happened some time later. Adding insult to injury was the capital flight. They didn't teach us that in school. The lion's share of Wall Street's investment dollars went to Germany and Hitler. For some strange reason they experienced an economic miracle. Anyway its perfectly clear where the jobs went. They're in the black. The suckers who let it happen are in the red.


When the money stopped flowing to Germany, we see a sharp spike in the manufacturing graph. Some people say you need a war to have prosperity. I say stop the capital flight. The decline is quite obvious post WWII with the Marshall Plan coming into effect.



George Freund

No comments:

Post a Comment