"Fund Managers", "Stock Brokers" and "Wall Street Bankers" have been toying with the idea of pushing the "Dow Jones Industrial Average" above the 14,000 mark. These people obviously don't realize the world has entered a new Socio-Economic Era that can not support manufactured money for long.The Federal Reserve needs to pull the plug on this wild speculation before it damages the economy and sends the entire "Western World" into an economic tailspin that it might not recover from for decades.
"Global Socio-Economic Interaction" is much more volatile and unpredictable than most "Economist", "Fund Managers", "Stock Brokers" and "Wall Street Bankers" realize. This intentional effort to keep inflating the price of already overpriced stocks and mutual funds will drive our economy and our nation into economic disaster.
America does not have enough internal industrial capacity to support a Dow Jones over 10,000, let alone 14,000 and relying on foreigners to support our irrational and irresponsible economic behavior is sheer madness. This country has been surviving for 20 years on borrowed time, low birth rates, borrowed money and by stealing money from the public in the form of billions of dollars in hidden taxes and fees.
Unlike the "Great Depression", the room for future economic growth and expansion will not be there. The world today is much more competitive and despite all the diplomatic pleasantries, Western and Eastern Europe, Great Britain, the Arabs, the Japanese, all of South America, Canada and the rest of the industrialized world no longer trust this country. The Russians definitely don't trust us and the Jihadist can't stand us. The Chinese are simply using us because our short-sighted and money-hungry corporate and government leaders have shown them we; as a nation, no longer have credible values, morals or ethics.
Our citizenry is more decadent, backward and functionally illiterate than during the "Cold War". The Democrats and the "Liberal Left" are a frightening bunch of socialist and the Republicans are greedy, self-centered unilateralist. The world will not let us plunder their resources like we have been doing since the end of World War II. The vast majority of the nations on this planet have largely recovered from the devastation of that war and competition for available natural resources and technological advantages will be immense.
The war against "Islamic Extremist" is costing us billions in borrowed money and even as big as America's economy is, there is a limit to the amount of money we can borrow. These debts must be repaid. If this country defaults on its debts, and it will, the rest of the industrialized world will feel the impact. Because the average American is a mindless consumer, when these millions of Americans can no longer "shop til they drop", major economies around the world will go into economic decline. The "European Common Market" will recover, but America won't.
Since more and more nations are capable of looking out for themselves, more countries will opt to invest in "Common Market" countries than in America. America's only edge right now is our superiority in weapons technology. At the rate the Chinese are growing and developing, we won't have this advantage for long. Heaven forbid, if they should ever decide to flex their economic muscle and demand payment on some of their loans.
Therefore, "Fund Managers", "Stock Brokers" and "Wall Street Bankers" should be very cautious about bidding up the price of stocks and mutual funds so they can line their pockets with the people's money. The worst thing our politicians ever did, was to allow the "Barons of Greed" to get their hands on the people's hard earned retirement money. Well..that's "par for the course" isn't it? Afterall, we do have the best group of political scoundrels money can buy.
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