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Top money watchers talk about the economic crisis gripping Ohio

by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
As talk of bailouts, budget deficits and job cuts continues to make news, some of the state's top money watchers say that the economic crisis that's gripping Ohio won't let loose anytime soon.
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The only thing that will save the US Economy is re-building of our gold reserves to preserve the buying power of the dollar. The only way to do this is to export more that we import. The only way that we can accomplish this is to re-industrialize. In the last few decades we have destroyed the industrial base that won WWII and gave us today's bountiful way of life. Paying people to plant trees, dig holes then refill the same holes, rake leaves, write poems, paint pictures, etc. will not be useful or contribute to correcting the US economic problem.

As long as the US government continues to just crank up the presses and print more dollars, T-Bills, Government Bonds, etc. to pay for these pork barrel projects, negative balance of trade, government payrolls, bailouts, entitlements, operations, social schemes, wars, new infrastructure, wealth re-distribution, mental health, and etc. We will see the buying power of our dollars diminish until a loaf of bread costs $200.

What if the US government prints up a bunch of new paper money and other similar paper securities to pay people to re-build and expand the US infrastructure (Pork Barrel Projects) in order to reduce unemployment, and it is all then spent on illegal aliens, imported earth-moving machinery, imported materials (Steel, equipment, Pipe


Posted by: Gerald (Houston) on January 13, 2009 1:36PM
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