Topic: Monetary Policy
WHO WON WORLD WAR TWO? THE COLD WAR?
The Following Chart, Downloaded From The CIA Site, Provides Another Perspective. Why Did We Win The War, Only To Lose The Peace?
by Wendall Dennis
(libertarian)
Saturday, March 1, 2008

 "I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging the future but by the past...."  Patrick Henry in support of the Declaration of  Independence.

 Are there lessons hidden in the last last sixty years of history that might be of benefit to us.   Is the lamp of experience only applicable to Patrick Henry?

Another question: Is this forum static, or dynamic?  How many of you are seeking responses to questions posed in your columns?  How many of you intend your columns to be  merely rhetorical?

Speaking for myself, my participation is a means of acquiring different perspectives; none of my postings are to be considered rhetorical. I will consider it an honor, to have them studied, analyzed, and kicked around in open debate. 

Don’t Stone The Messenger!  Instead - Create a well thought out column informing me, and the entire panel why you disagree!  What did I miss?  How do you see it?

 This artical is a re-visit of Is America Bankrupt?
by therealJJJ (Libertarian, February 29, 2008)

The following figures - accumulating since 1913, tell the Fraudral Reserve story, thus explaining the .com, stock market, and real estate meltdown, while, painting a very disturbing scenario for the future of our nation

They were downloaded from the CIA site, and are denominated in 2007 dollars; the site has been updated in 2008.

The download was in spreadsheet format, a format not compatible with the html requirement of this site. I transferred it into word processing form.

Though I limited the figures to the 20 top and bottom economies, I will be happy to furnish the entire chart to those interested.

The CIA link was on the Feb. 26 edition of the Freedom’s Phoenix newsletter.

      MONEY  TO BURN                    DEBT OUT THE GAZOO

1.China      363,300,000,000            163. USA     -747,100,000,000
2 Japan      201,300,000,000           162 Spain    -126,300,000,000
3 Germany  185,100,000,000           161 Britain  -111,000,000,000
4 Sau Arabia  88,890,000,000          160 Italy        -57,940,000,000
5 Russia        74,000,000,000          159  Australia -50,960,000,000
6 Switzerland  67,890,000,000          158 Greece   -36,400,000,000
7 Netherlands 59,280,000,000          157 Turkey    -36,270,000,000
8 Norway         55,820,000,000          156 France    -35,940,000,000
9 Kuwait           51,490,000,000         155 Romania -20,950,000,000
10 Singapore    41,390,000,000         154  Portugal -18,530,000,000
11 U A E            36,110,000,000         153 India        -18530,000,000
12 Algeria          31,500,000,000         152 Poland    -18,130,000,000
13 Sweden         30,190,000,000         151 S Africa   -16,280,000,000
14 Canada          28,460,000,000        150 Ireland    -12,600,000,000
15 Malaysia        25,930,000,000        149 N Zealand -9,973,000,000
16 Taiwan           23,800,000,000        148    Bulgaria -7,189,000,000
17 Hong Kong      19,870,000,000       147 Hungary    -6,681,000,000
18 Iran                19,000,000,000        146 Pakistan   -6,477,000,000
19 Finland           17,120,000,000       145  Latvia       -5,839,000,000
 20 Venezuela     17,020,000,000       144 C Repub    -5,701,000,000

We are besieged with assurances from our "governors" that we will grow our way out of this mess.  I don't get it!   Common sense, and my vocational ag education, is shouting:  If you grow an  "economy"  predicated on debt, you get more debt. thus exasperating the problem.

If a farmer for example, is losing money on 120 acres of ragweed, for which there is no market, what can he expect by doubling the acreage?

                       Any Thoughts, Any or Everybody?

©2008 Wendall Dennis, all rights reserved. You must have written permission from the author in order to republish this work.
Published: Saturday, March 1, 2008
Last modified: Saturday, March 1, 2008

The views expressed in this article are those of Wendall Dennis only and do not represent the views of Nolan Chart, LLC or its affiliates. Wendall Dennis is solely responsible for the contents of this article and is not an employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.

Report violation by Wendall Dennis of Nolan Chart LLC's terms of use policy.

More Articles By Wendall Dennis

Reader Comments:

Posted By: Aguila1
Date: 2008-03-01 18:57:14

The economic might of the United States is not predicated on the sale of one product, as in your metaphor. Nor is it created by government, which can only redistribute the wealth.

Economic might is based on human action - countless of individuals productively creating wealth through their work. By that understanding: Yes, we can get out of the red and into the black, eventually, if only the government would stop its irresponsible deficit spending.

The risk is that the economy implodes leaving people without  the ability to find work, slowing the cycle of recovery.

So the answer to the government would be: Stop spending our wealth and get the hell out of the way! 

Report violation