|March 22, 2011|
The Nikkei was up over 400 points following Buffett's proclamation yesterday. Always makes me wonder what comes first the chicken or the egg? Our own Dow was up triple digits. And, there was much chest thumping about being back over 12,000.
This is a pretty good little history of our empire. A Brief History of the United States. Ironically, I think success is an empire's ultimate doom. Empires grow and proper in the production phase of their life cycle but once people become "wealthy" they move into the consumption phase and it's all down hill from there. That's where the US is now. The only thing this country produces in quantity is dollars. Unfortunately, the rest of the world is becoming less than enamored with our currency and when it loses it's status as the world reserve currency, and it's well on it's way, our standard of living is going straight into the dumper. I wonder if one day people will wake up and realize that they sold their very souls for cheap trinkets from China?
Speaking of cheap trinkets form China .... they really aren't cheap. They just give the illusion. The quality is so crappy you have to keep buying the stuff over and over because it doesn't last. Oh, for the days when Americans made great, quality products. I have tools, kitchen utensils, furniture and a host of items that were American made 100 years ago and I still use them today. The junk you buy at Wal-Mart is lucky to make it a year.
I found this an interesting article. Maybe people are starting to catch on to the fact that there is no difference between the Democratic and Republican parties. It matters not the party, the politicians of both are nearly all self serving thieves. And we elect them, go figure! Tea Party will back Democrats challenging GOP big spenders in 2012. Also interesting, Montana's own Denny Rehberg is in their crosshairs.