Reported today over at Forbes, is a very compelling story of our favorite gasoline terrorista and American hater, Hugo Chavez. It seems that Senor Chavez is stopping at the Russian Wal-Mart store to purchase about $1 billion in military aircraft. Now I understand the laws of supply and demand, but think it might be a real good idea for the US government to take a long hard look at this. See you get into a real bad situation here. Follow me on this:
Chavez hates this country. We allow him to access airplanes that will give him capabilities of inflicting damage to our oil wells in the Caribbean area, as well as bullying our friends in his region. This bodes poorly for a country teetering on an economic collapse. This transaction also gives the Ruskies a much needed cash infusion that could also help fund the start of a new cold war. This timing is bad, 'cause we don't have the money to fight said war and hope to keep the balance sheets afloat. Our nation is at a dangerous place. If we don't start righting the ship asap, incidences like this could make us more vulnerable than we already are.
We stand on the precipice of a potential economic collapse that will make the "Great Depression" look like a cake walk. This country has way too many takers and not enough contributors. Our jobs are going away to other countries, as well as the ownership of our largest companies. Foreign real estate holdings in the US are up significantly. China is buying us out. I reviewed a stock prospectus recently and found it odd that the Chinese government owns a huge portion of IBM stock. This distress me greatly, because IBM is 1 of our military's biggest suppliers. Imagine how easy it is to review blueprints for new projects of your competitor when you are a stock holder. Can they be altered to fail? Could they be sabotaged? Who knows, but it is very interesting.
Chavez needs to be ousted to protect this country. China needs to be monitored, carefully and we need to pay attention to the Russians. We sure don't need them back as competition. We can't fight a multi-front war and win. That has been proven time and again in history. We can however, start positioning ourselves to take back the leadership role of the planet, one way or the other. Globally, it is scary when the oil producers hate you; the biggest export customers hate you; internal strife is at an alltime high; panic is spreading ( you can start now and avoid the rush later). We need a plan. We need action. We need leadership to step up and do their job.
Actually, what we really need is John Wayne!
3 comments:
Everybody panicked when Japan bought up tons of west coast property back in the eighties, and then they lost their asses over it. The same thing will happen to China. A candle that burns the hottest(China's economy), burns the shortest. We cannot help but watch what other countries do, nor should we. As long as the dollar is weak, foreign investment in America will continue. That can be viewed as a good thing since our fortune will then dictate their fortune. If it's another cold war that Russia wants, we'll have to play along. Chavez isn't a threat to anybody but his immediate neighbors, if that. As Venezuela flushes itself down the toilet, her neighbors won't be tempted to follow suit. If Chavez tries to force any of our south American allies to go with her, our military can take care of theirs in a matter of days.
As for the U.S., we need to supply our own petroleum and convert where profitable, to different energy sources. We need to change the tax code so that we become a business/manufacturing magnet instead of a repellant. When we are strong and independant, we can pick and choose our battles abroad.
Venezuela will be in too much trouble itself in a couple of years to bother anybody else. Their people will be starving, the economy in shambles, there'll be no stable infrastructure with which to process all that oil so it'll be worthless to them. Because their currency will be devalued, they won't be able to afford to maintain their military hardware or buy new stuff. The people will be unmotivated to work or produce because it all belongs to the State. And the State will have nothing from which to provide food and medicine to it's people. Venezuela will be a crap-hole in 5-10 years and not a threat to anybody I predict.
He is an annoyance but that's only because Hollywood nitwits think he's swell.
China and Russia's economic advances are scarier to me than Chavez's military might.
As always, I confess my ignorance -I don't know jack about economics. But yesterday I was telling my husband how it feels like we could be a day away from disaster in this country. Too many things seem so uncertain - makes me nervous. I'm with you, Reid.
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