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Really, I am, I am pretty stupid and therefore I have stupid reasoning such as this:

If the strength of any currency is a representation of of any nations wealth, as expressed in GDP.  And if GDP is really the measure of the material things made to satisfy a want or need, why are we fiddle-fucking around by playing grab-ass with financial institutions?

I mean, and I'm pretty stupid, I don't understand why we don't take abandoned factories and mills, put people to work doing so, then let firms make concrete, material "things" like wave turbines or solar devices, you know, what they used to call capital back in the 1800s.

I mean, and I'm pretty stupid, doesn't this actually generate wealth and prosperity rather than generating money like the fed did last week?

Hey, I know that the MIC is pretty evil.  They devise more ways to kill before 9 Am than most people do all day.  But they also make airliners, made the internet, and those cool gadgets that we send into space and to Mars that function like porn to the really smart guys and gals from MIT when they get the results back.

I also get they employ a vast number of people, blue and white collar, to make things and so shutting down the MIC is not feasible politically or economically.

But why can't we make even more things like wind turbines and electric grids rather than new star wars blaster ray guns as they did last week.  Ooooo boy, were the engineers having an orgasm over that one while I thought great, another way to kill people.

So in the meantime, we fiddle around with generating money and not with generating wealth.  So, we aren't worth much but we gots us lots of money!

But what do I know?  I'm pretty stupid.

I am just grateful all the smart guys are in charge!

"Schiller sprach zu Goethe, Steck in dem Arsch die Flöte! Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"

by Jeffersonian Democrat (rzg6f@virginia.edu) on Sat Mar 21st, 2009 at 12:33:27 PM EST
One thing about the US that seems pretty clear to me is that, whatever the fate of the dollar, which seems dubious at the present, the less the USA has to import, especially energy, and the more that it can profitably manufacture for itself, the better off we will be.  

Following that logic, we should build wind power, thermal solar and enhanced transmission facilities as fast as we can.  We should support the development of fuel efficient and primarily electric vehicles, PHEVs, along with charging infrastructure.  We should support conversion of passenger and freight rail lines to all electric.  We should support more efficient buildings. And we should support the transition to a sustainable agriculture not based on petrochemicals and mono-cultures.  All of these steps will help to keep the ambient temperature and ocean level closer to where it is now.  Finally, we should support the development of new industries based around these priorities, including providing the requisite educations.  

With such policies in place we could at least feed and house and educate ourselves and have a chance of employing the vast majority of the labor force.  Such policies would seem to have the effect of insulating the USA to some degree from the worst effects of a significant devaluation of our currency and provide us with the possibility of producing goods other countries value.  It would seem wise to move to a position of a net balance in foreign trade before we find ourselves in the position of needing things from other countries that we have no means of purchasing.

But then I, like JD, claim no particular expertise in these matters.  Most of what I think I know I owe to ET.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 22nd, 2009 at 01:31:38 AM EST
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