01-06-2013, 06:47 PM
Quote:Consider just one example of the social costs of jobs offshoring. When US corporations produce abroad the goods and services that they market to Americans, the goods and services that flow into the US arrive as imports. Thus, the trade deficit rises dollar for dollar.
The trade deficit means that the US has imported more than it has earned in foreign currencies by exporting. For most countries this would be a problem, but not for the US. The US dollar is the world reserve currency, which means that it is the means of international payment and that foreign central banks hold US dollars as reserves to secure the values of their own currencies.
This is not a new phenomenon. Previously it usually went by the name "plunder".
When the US finally goes bust in the not too distant future, all those multinationals - spread geographically and having no state allegiance - will just switch to another budding nation to plunder.
China & India had better watch their backsides in the future.
The move to the Southern hemisphere was agreed during the Reagan Administration. I remain convinced this entire Western financial end-game has been engineered.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14