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I think the point that the article is making and what was so successful for Ford is evident in the last line of the article...
In short, instead of viewing "shareholders" and "customers" as the only two corporate constituencies that matter, Ford introduced the idea that great companies should also serve a third constituency: Employees.
Now I see why you weren't sure how much to quote. The last lines certainly aren't what you quoted in this post. You should have read the whole thing.
More than half of your public debt is owned by the United States -- US banks, US cities/States, US government employee pension funds for cities/States, US corporate pension funds, US insurance companies, US mutual funds and people who buy savings bonds.
Which would mean nearly half is foreign sourced. All the same argument though. People are not going to want to put their pensions somewhere that ends up giving them less than they put in.
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The US Dollar has not been devalued.
You'll know currency devaluation when you see it. The Italians devalued the Lira, and the Romanians devalued the Lei. One day the government just said, "Hey, 10,000 Lei is now worth 1 Lei."
Just because it's not as bad yet as other countries doesn't mean it isn't happening. If there is a flood 1 foot over flood stage and another 6 feet over flood stage, they are both still floods.
I've read many of your posts and I know you know better than to not understand that when the government pumps money into the system is devalue's the dollar. I know you know this.
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Of the 196 countries on Earth, only 2 counties and their central banks do a better job of managing Real Inflation than the US and its central bank.
To me this is an argument stating that it could be worse. Lets remember, it was this bank that continued to state that the banking system was on a solid foundation and there was nothing to worry about.
You mean we should do the same thing Cuba, and North Korea does.. Hows that working out for them?
I don't think you can equate sound economic policies such as import tariffs that have historically been the most effective weapon against the flood of cheap slave labor goods destroying domestic markets, with the effects of US sponsored, punitive trade sanctions imposed on countries like Cuba. Apples and oranges.
The lifting of sanctions on Cuba, for example, would have immediate positive economic benefits for both countries. But we don't do that .. instead we finance our own economic destruction with public money, subsidizing the offshore transfer of manufacturing and jobs, while allowing unimpeded flow of goods back into the country from those market destroying slave state operations. It takes jobs a away ... and destroys any chance of domestic competition for those jobs that remain.
This is the bait and switch propaganda promoted by the criminals destroying the country .... "protectionism". More Orwellian doublethink to convince people to believe the asinine notion that our own industry and jobs should NOT be protected because it would be bad for business.
Oooooh ... bad, bad, bad ...... that "self defense" stuff. Whether it be economic self defense through sound economic policy, or physical self defense via gun ownership ... the Orwellian leftists just love to denounce anything that might make an iota of sense, or be beneficial to the American people.
The ultimate, suicidal death cult, with Satan's first son, overseeing the dismemberment of a once great nation.
People talk about this stuff every day but when you look at the government nothing changes. Just more and more media coverage about "OMG look at all these unemployed!" should we do this? that? "we need to get the economy fixed". Just more we need to do this we need to do that. I don't have much faith nor do I really support, defend, or believe in this system but it's time to get something done. I'm about results and there's none. Everyone talks about what to do, but nothing more. Time to stop talking about it and get something done already.
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