Comments on: Tripping in China: Barack Obama’s Challenge http://blog.usw.org/2009/11/12/tripping-in-china-barack-obama%e2%80%99s-challenge/ USW Fighting Globally For Workers' Dignity Mon, 06 Feb 2012 15:09:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: gspencer http://blog.usw.org/2009/11/12/tripping-in-china-barack-obama%e2%80%99s-challenge/comment-page-1/#comment-212 gspencer Fri, 13 Nov 2009 21:19:13 +0000 http://blog.usw.org/?p=1294#comment-212 Is there any way that the USA could re-industrialize and make the things that we consume, instead of paying foreigners with value created by previous generations to make the things that we consume, instead of being a nation of non-producing consumers? Is there any way that the USA could re-industrialize and make the things that we consume, instead of paying foreigners with value created by previous generations to make the things that we consume, instead of being a nation of non-producing consumers?

]]> By: gspencer http://blog.usw.org/2009/11/12/tripping-in-china-barack-obama%e2%80%99s-challenge/comment-page-1/#comment-211 gspencer Fri, 13 Nov 2009 17:32:35 +0000 http://blog.usw.org/?p=1294#comment-211 President Obama must insist that the US government can continue to borrow more US dollars back from China and the other industrial nations to pay for our increasing US government expenses. The US government does not really borrow money from these foreigners, they just print and sell freshly printed US T-Bills, Bonds, or other Securities to the foreign manufacturers, businesses and individuals in return for the US dollars that these foreigners earned by making the consumer goods that US citizens imported and then consumed. These foreigners are able to redeem their US T-Bills, Bonds, or other Securities for title to privately owned businesses, factories, hotels, forests, casinos, farms, and other assets that were created by previous US generations, instead of US dollars being redeemed with US gold from Ft. Knox. These foreigners in industrial countries will continue to buy our freshly printed US T-Bills, Bonds, or other Securities, until they own title to all of the US businesses, factories, hotels, forrests, casinos, farms, and etc., and nothing remains for them to purchase with their hard earned US dollars. When those foreigners have acquired title to everything of value in the USA, the US government will no longer be able to raise US dollars from these foreign manufacturers by selling them freshly printed paper currency products to pay for our US government expenses. Why should US citizens be reqiuired to work and manufacture the things that we consume, when we can sit idle and just borrow money to pay for our expenses??? and US Government Expenses??? and free healthcare for all??? and unemployment benefits??? and Social Security??? and wars??? and Wall Street Bailouts??? and Economic Stimulations??? President Obama must insist that the US government can continue to borrow more US dollars back from China and the other industrial nations to pay for our increasing US government expenses.

The US government does not really borrow money from these foreigners, they just print and sell freshly printed US T-Bills, Bonds, or other Securities to the foreign manufacturers, businesses and individuals in return for the US dollars that these foreigners earned by making the consumer goods that US citizens imported and then consumed.

These foreigners are able to redeem their US T-Bills, Bonds, or other Securities for title to privately owned businesses, factories, hotels, forests, casinos, farms, and other assets that were created by previous US generations, instead of US dollars being redeemed with US gold from Ft. Knox.

These foreigners in industrial countries will continue to buy our freshly printed US T-Bills, Bonds, or other Securities, until they own title to all of the US businesses, factories, hotels, forrests, casinos, farms, and etc., and nothing remains for them to purchase with their hard earned US dollars.

When those foreigners have acquired title to everything of value in the USA, the US government will no longer be able to raise US dollars from these foreign manufacturers by selling them freshly printed paper currency products to pay for our US government expenses.

Why should US citizens be reqiuired to work and manufacture the things that we consume, when we can sit idle and just borrow money to pay for our expenses??? and US Government Expenses??? and free healthcare for all??? and unemployment benefits??? and Social Security??? and wars??? and Wall Street Bailouts??? and Economic Stimulations???

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