When foreign investors stop, we need to stop foreign investing.
Let 'em protect their own freedoms and everything else.
We need them like we need a hole in our head/pocket.
Eric:
A more rational approach would be to continue foreign investing when
it benefits us economically or strategically to do so. To not do so
is akin to pointing a gun at one's head and threatening to shoot.
As an example, which should be obvious if you think it through, as
harmful as it would be if a country levied an enormous tarriff on US
goods, it would be even MORE harmful for American consumers for the
US to respond in kind.
-Derek
--- In lpsf-discuss@yahoogroups.com, "eric dupree"
<dupreeconsults@...> wrote:
When foreign investors stop, we need to stop foreign investing.
Let 'em protect their own freedoms and everything else.
We need them like we need a hole in our head/pocket.
> From: Rob <robpower@...>
> To: lpsf-discuss@yahoogroups.com
> Subject: [lpsf-discuss] Re: Fw: U.S. Rep. Ron Paul, a Texas
Republican known for his Libertarian views,
> Date: Thu, 15 Mar 2007 14:45:52 -0000
>
>
> While I'm certainly not a currency expert, I think the following
page
> shows why GDP alone, ignoring other factors like deficits, is not
a
> good predictor of a strong dollar. In fact, GDP can rise, but if
> deficits outpace the rise in GDP, the dollar actually becomes less
> attractive to foreign investors:
>
> http://www.atimes.com/atimes/Global_Economy/FJ14Dj01.html
>
> Rob
>
> --- In lpsf-discuss@yahoogroups.com, "Derek Jensen" <derekj72@>
wrote:
> >
> >
> > This isn't quite true what you say about relative size of euro
and dollar.
> >
> > The countries in the European Monetary Union have a collective
> > Nominal GDP of $10.1 trillion. The United States has a nominal
> > GDP of $12.5 trillion. (2005 IMF data)
> >
> > -Derek
> >
> > >
> > > You know, he's so close to being right that it's all the more
> > > frustrating that he remains so wrong.
> > > > His argument about socialism being doomed to failure is
dead-on. But
> > > he misses the point that building a Berlin Wall along our
Southern
> > > border is just as doomed to failure as the real Berlin Wall
was.
> > > > There's a very good reason that the Dollar is no longer the
favored
> > > currency in the world, and it's not the war in Iraq. It's
that
> > > investors prefer big currencies. When you add up the wealth
of all of
> > > Europe, the Euro becomes a bigger currency than the Dollar.
The
> > > Dollar will never again become the dominant currency. But an
Amero
> > > most certainly would dominate (at least for a little while,
until the
> > > EU expanded or Asia adopted a single currency).
> > > > If Ron Paul would get over his fear of Mexicans and gays,
I'd vote
> > > Republican for the first time in more than ten years. But,
sadly,
> > > just like the socialist regimes he mentioned, his own vision
of a
> > > walled-off Ozzie and Harriet version of the United States is
doomed to
> > > failure. I only hope most Libertarians realize this and
support our
> > > own party's candidates instead.
> > > > Rob
> > > > P.S. I wonder if Ron Paul would be so opposed to a single
currency if
> > > it excluded Mexico and only included the U.S. and Canada and
still
> > > called it a Dollar. (We already have the highways into
Canada like
> > > the one proposed for Mexico, and I don't hear him calling for
those to
> > > be bulldozed.) If he'd support such a U.S.-Canadian
currency, then I
> > > think it's obvious what he thinks of Mexicans.
> > > >
> > > > http://www.worldnetdaily.com/news/article.asp?
ARTICLE_ID=54660
> > > > > > > > Ron Paul announces White House bid
> > > > Texas Republican says nation has strayed from Constitution
> > > > > > > > > > U.S. Rep. Ron Paul, a Texas Republican
known for his
> > > libertarian views, today announced he will vie for the GOP
> > > presidential nomination next year. > > ...
> > > > He said the collapse of the Soviet system surprised
many, but
> > > not devotees of freedom. > > > > They, he said, "have
> > understood for decades that socialism was
> > > doomed to fail. Communism, like all socialism, failed
intellectually
> > > and failed practically. And so too will the welfare/warfare
state
> > > fail, and then our cause will be heard. The love of liberty
will not
> > > die." > > ...
> > > > He's been especially vocal in his denunciations of
plans such
> > > as the "Trans-Texas Corridor," a superhighway project that
opponents
> > > argue would be used to bring Chinese goods through Mexico
directly
> > > into and through the U.S. > > > > Why? The ultimate
goal,
> > he said, is not simply a superhighway,
> > > "but an integrated North American Union - complete with a
currency, a
> > > cross-national bureaucracy and virtually borderless travel
within the
> > > union. Like the European Union, a North American Union would
represent
> > > another step toward the abolition of national sovereignty
> > altogether." > > > > Plans for such a "North American
> > Union" were cited as the No.
> > > 1 story on WND's list of 10 most underreported stories for
> > 2006. > > > > The January 2007 edition of WND's monthly
> > Whistleblower
> > > magazine, which explores this topic in-depth, is
titled "PREMEDITATED
> > > MERGER: How our leaders are stealthily transforming the
U.S.A. into
> > > the North American Union." > > > > Paul would join a
> > field that features John McCain, Mitt Romney
> > > and Rudy Giuliani, but also could include Newt Gingrich, Tom
Tancredo,
> > > Duncan Hunter, Sam Brownback, Mike Huckabee, Tommy Thompson,
John H.
Derek,
I agree with your implicit argument that consumer interests should outweigh government interests. Individuals should be free to invest when and where they choose, in accordance with their own interests and regardless of the interests of any particular government, including the United States government. If the economic or strategic interests of government (and what makes government interests more "strategic" than individual interests?) are put ahead of those of the individual, then the people are effectively serving government instead of government serving the people.
Love & liberty,
<<< starchild >>>