Posts Tagged ‘Revolutionary War’
» posted on Tuesday, September 8th, 2009 at 4:37 pm by Jeremy Herrera
News Story: China alarmed by US money printing – Telegraph:
How sad is it that a Communist country sounds more like a capitalist country than the US does?
That is right, the Chinese actual sound more into capitalism than our own country does. Here we are flooding the market with new freshly printed dollars and no one is spending them because the banks are holding on to them. So the prices of our products just keeps getting more expensive due to the inflation of the dollar. The families of the country in turn are trying to save the dollar but because the price of a gallon of milk is going up, they can’t. So like many families in the US, they are paying out more and more dollars yet their pay remains the same.
So what needs to happen?
First would be for the US to stop printing the money. It does not make the banks loan it out, so why keep printing it? Then start to slowly, but very carefully collect the old bills and shed them. This in turn would start to make the dollar more valuable. Remember basic supply and demand, if there are less dollars to be had, the value of those dollars will go up. As such, the prices of things will start to go down because the value per dollar actually would mean something. Next would be for the American consumer to stop living above their means. Stop putting everything on credit and save the money to buy that new TV, sofa, or whatever. Use credit to only purchase the really big ticket items like a house or a car that is needed. Please note that I said “NEEDED” in regard to the car. That is because if you have a good car that is not falling apart, you should be saving to buy your next car.
Sadly, I have to say that we Americans need to take a lesson from the Chinese and learn to save our money and buy only when we have the money to do so.
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