NEWS from CSMonitor:
Many economists believe the dollar will decline in
value - and needs to decline - relative to other currencies. The reason:
The record US trade deficit shows no signs of shrinking on its own accord.
The larger it grows, the greater the risk of a "hard landing" for America
if other nations become worried about America's ability to repay foreign
creditors, who are now lending some $1.6 million per minute to finance
overall US spending.
The US of A, controlled by the Bush/neocon administration is borrowing money from other nations (mainly China) like flies take to POOP.
Now I don't know diddly-crap (apologies for the feces use but I can't help think EXCREMENT when I think neocon...) about the finance world... but it doesn't take a financial wizard to draw a conclusion that a crisis is looming with this type of borrowing.
In 2005 the United States owed China roughly over $650 BILLION smackaroonies. A number that was/is expected to grow to over Trillions $$$$$$$, if not already.
The above very frightening film, to me, is about how, globalizational greed can take a civilized people into a macabre and ghoulish world and I have to wonder... COULD WE GO THERE?
The neocons have proven, it's all about money and power, folks... and money is the root of all evil. "But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." (King James Version) thinkingblue
WORD OF THE DAY:
perdition n. 1.a. Loss of the soul; eternal damnation.
Is money the root of all
evil?
It is a common saying that “money is the root of all evil.” According
to the Random House Dictionary of Proverbs and Sayings, the phrase first
appeared in English circa 1000 A.D. The saying originated in the New Testament.
“For the love of money is the root of all evil.” Timothy, 6:10.
It’s obviously one of those sayings that has as great deal of staying
power, having been around for two thousand years and still going strong.
But how fair is it to blame all evil, or even any evil, on a medium of
exchange?
I think it would be a much more accurate statement to say that the root
of most evil is man’s desire for status; either greed to increase one’s
status, or jealousy over losing in the status game to others. Money is
the most obvious measure of one’s status, so it’s easy to confuse the
two, but they are certainly not the same thing at all. Money is just one
way of keeping score. Blaming money for evil is like blaming the scoreboard
for the baseball game.
It’s easy to point to many evils committed for the sake of status in which
money wasn’t involved at all. For example, figure skater Tonya Harding
conspired to have Nancy Kerrigan assaulted so she wouldn’t be able to
compete in the Olympics. Now it’s true that there is some money involved
in winning an Olympic medal, but Olympic athletes are mostly motivated
simply by the desire to be the champ, and that status that brings them
in their own world of athletics.
Then there’s the story of OJ Simpson, who killed his ex-wife and the man
he thought was her boyfriend. OJ was motivated by jealousy over the fact
that some other man was more successful with his ex-wife than he was.
Jealousy over women is a very common cause of evil. It has nothing to
do with money, but everything to do with status and being jealous of another
man’s greater success with a particular woman.
One should never expect the Bible to be consistent, and sure enough, it
isn’t when it comes to evil. One of the very first acts of evil committed
in the Bible has nothing to do with money. In the Book of Genesis, Cain
kills his brother Abel because he is jealous that Abel’s offering to God
was better received than his own. He is jealous that Abel has achieved
higher status than him.
Idealists wonder why we can’t live in a world where everyone is equal,
and therefore where there is no greed or jealousy resulting from status
differences. Unfortunately, they overlook the fact that our desire to
have higher status than others is part of our human nature, and nothing
can change it. The goal of communism was that an economic system would
be created where no one would be rich or poor, where everyone would have
equal wealth. The problem is that such a system is impossible. Man’s desire
to rise ahead of others is too strong, and money is not the only thing
that man competes over. And because all men are not equal in ability and
other characteristics, no matter what the playing field is, some will
rise ahead and others will fall behind, and those who are behind will
feel intense jealousy, even if the competition is about something other
than money.
One might even say that communism itself is a great evil, and the root
of communism is jealousy on the part of its adherents that others have
more money than they do.
Desire for money, or greed for money if you prefer to use stronger language
(reminiscent of a scene from the movie Wall Street), is a good thing when
people play by the rules, and when their desire for money and status results
in better ways of doing business and in inventions that help people and
that make the world a better place. Desire for money and status is only
bad when people do bad things in order to obtain what they desire. And
even then, it’s not “greed” that’s really bad, but the person who’s doing
the bad things who’s bad.
The goal of a just government should not be to punish people for being
successful in obtaining money, but to create rules to ensure that competition
for money results in good for society. (A GOOD ESSAY
FOR THE NEO-CON'S TO READ, BECAUSE IT'S WITH BLINDNESS THEY LUST FOR POWER AND GREED ...
BUT THEY WON'T... thinkingblue)
~~~~~~~~~~~~~~~~~~~~~~~~~~
MORE READING ON THIS SUBJECT:
Climbing debt casts doubt on dollar's future
Assessing Risk Of Chinese Trade
Why China's money matters to you
America owes trillions of $$ to China, Mexico & other countries, is this dangerous?
CLICK HERE TO SEE SOME GOOD AND LAME ANSWERS TO THIS QUESTION... from Yahoo Ansers
The USA Is Bankrupt – What Now?
By William Thomas
If I owe my creditors $4,400 and can’t pay it,
I’m in trouble. If I owe my creditors $4,400 million and can’t pay it
– they’re in trouble. The first scenario includes many Americans. The
second describes the biggest debtor nation on the planet. The Bush White
House is currently borrowing $1.9 billion a day just to stay afloat.
READ MORE HERE
(IF YOU HAVE A GOOGLEPLAYER...PLEASE WATCH THIS VERY FRIGHTENING BUT ENLIGHTENING FILM. CLICK HERE... thinkingblue)
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