Posted by
Egon on Thursday, October 09, 2008 5:40:12 PM
The recent crash in our markets with the DOW Industrials below 9.000 is at least, in a significant way, anticipation of socialism in America by an overwhelming number of investors, both American and foreign. Including us.
Should Oblahma get elected, between Nov 05 and Jan 20 you will see the worlds all time record numbers in capital flight.
We cashed in all our stocks and sold properties during the past 4 years and moved our farming operations to Brazil, we also let go over 1.500 seasonal jobs and over 120 year round jobs over here.
We are doing extremely well in Central America and Brazil, especially.
We saw the writing on the wall a little sooner than most, but now the cat is our of the bag and everyone can see it.
America has the world's second highest business taxes and, by far, the highest rates of government meddling with mostly frivolous and untennable regulations. In other words, the business environment in America is almost hostile to business. So, business goes away to friendlier environments like those in Brazil, India, China, Singapore and other countries.
You think it's bad to be dependent on foreign oil ? Wait until America is dependent on foreign food! And that's going to happen very quickly, especially with an Oblahma-Bin-Biden "Peoples Democratic Amerika"
We haven't been producing wealth in decades. Selling hamburgers and stocks to each other don't promote wealth. Neither does our beleaguered healthcare system nor what passes for "education" these days.
Solid goods, not services promote true wealth and that's why Brazil has no debt and relatively large foreign reserves, in cash.
Agriculture is experiencing a sharp decline and housing will take 20 years to recuperate, if ever. These were the last two major real goods producers in America.
Oblahma-Bin-Biden can't be trusted to manage a three chair shoe-shine parlor!