An e-mail forward,
Dear Friend,
American Economy is very advanced and ranked first in the Globe, but just see, how an American feels about it:
Quote:
“The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China . If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India . If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany and Japan. If we purchase useless crap, it will go to Taiwan . In short, none of it will help the American economy.
The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US .”
Unquote.
Note
• It is easy to guess that this mail is written by an American citizen as we in India is not familiar with a lot of words found here.
• This mail should open the eyes of economists in the world, to certain realities which they have missed for long.
Lessons from this email for the Economists are many:
A common man understands and appreciates the economic truths that Economists around the Globe did not.
Any event in the nature is a cyclic phenomenon. Economy. Economy
1. Developed countries exploit third world, through bribes to their leaders into importing redundant Industrial products, including war hardware.
2. Against such export they import substantial food and basic needs from the third world. This differential will discourage domestic production of food and basic necessities and depend entirely on third world. (Already several services are out-sourced to countries in third world as their own citizen are unaffordable.
The economic policies of any nation is determined the direction of flow of wealth – whether it flow toward’s their economy or away from it.
Our nation’s wealth is flowing out!
While that of the developed nations have been flows into their economy.
Modern developed economies pump-out their wealth into other