Wednesday, July 09, 2008

Fuzzy Logic

I just learned some things from Ted Koppel, who spent a lot of research time in China for his 4-part TV series on Discovery Channel, "The People's Republic of Capitalism". Consider this:

Our current wars are the first in our history that were not paid for with an increase in taxes. Instead, we've taken out mind-blowingly huge loans. We've borrowed between $600B and $1T from China, and even more from Japan. The interest payments alone on this kind of debt could keep a million Paris Hiltons partying in grand style, but what really concerns me is what happens when China and Japan (among others) come to collect, or take their collateral. Our government has decided to spend us into a black hole of debt, while trying to cut accounts receivable. We have, quite literally, been sold out. And in the process, the value of our dollar has been drained down, part of the reason oil costs so much (Clark Howard says without this mismanagement (his words) oil would only cost us about $80/barrel).

Which is why, for some reason, the current tax cuts must be made permanent, because they're obviously working so well.

If this makes sense to you, please contact me about investing in my business ventures, because I can happily work that way too.

You can see Koppel stating all this during his brief visit on The Daily Show, which you can see right here.

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