Note: Ron Paul has joined me in advocating the repeal of NAFTA. Congratulations to Mr. Paul for renouncing his globalists ways.
But the same cannot be said for Larry Kudlow. In fact, he is every bit as passionate about exporting jobs as he has ever been. If you fast-forward this video to 3:45, you will see the spectacle of Kudlow pounding the table for “global job creation”:
It’s pretty jarring to see such a thing while the US economy has not been able to create jobs for over a decade. Kudlow is clearly mad, but he is also shilling for the powers-that-be and the favela-style economic system that they have planned for the USA.
If you scroll the video back a bit, you will also see the new meme that they are trying to infect us with. It goes like this:
“It’s OK for the USA to have wide-open free trade with low-wage nations because all the factory jobs lost will be compensated for by many new back-office jobs at corporate headquarters in the USA.”
CNBC has been trying to inject this meme into your brain, but I believe it will be strangled in its crib. A good meme requires plausibility, and this one is just plain ridiculous.
If GM moves a plant from Detroit to Guadalajara, how many more office workers do they need to hire at headquarters? They may have to replace some current workers with bilingual workers, and maybe hire a couple of logistics people to work on getting the cars imported back into the USA. But what are the chances that the number of factory workers laid off would be equaled or exceeded by new office workers? ZERO!
Note to CNBC/Kudlow/Evil Overlords: If your new meme is so smart, why isn’t Detroit a paradise? Why are all those factory workers still unemployed? Give it up; you’re not fooling anybody.
I’m sure you have also heard Kudlow shouting about King Dollar, right? There is an “on-shoring” phenomena going on caused by the weak dollar which is forcing American companies to bring jobs back home. That’s making Kudlow apoplectic. Even I was startled when he recently went berserk on Obama for not making more NAFTA-like trade deals. I mean, really, only a crazy person would expect the President to export more jobs, right?
Kudlow is losing it, and that’s a sign that millions of factory jobs just might be coming home soon.
Note to Canada: I don’t see thousands of maquiladoras along your border, so you’re OK in my book.
MATT…cut larry some slack ,,he may be having a relapse http://exiledonline.com/less-than-kudlow-is-cnbc-host-suffering-cocaine-relapse/
MATT…isnt this your updpated chart?http://www.websterscommentaries.com/
Nice one MAtt.
Kudlow accused Elizabeth Warren of being ignorant and accused her of being a mercantilist and a protectionist for simply asking the Treasury official and/or Pandit whether Citi is paying for the ENTERPRISING SAVING guarantee. It’s along the same lines as asking whether Treasury ever received sufficient reward for the implicit turned exlicit guarantee it gave/gives to FNM/FRE/FHA.
The answer is a resounding NO! Kudlow should know better than attacking Elizabeth Warren (of all people). The question was on time and Pandit ducked her then and numerous times during the questioning.
Pandit merely mentions helping exporters with their banking and suddenly he’s a hero and E. Warren’s an idiot. Back up Kudlow.
Citi still holds the $ from the CPP while other major banks paid it back (probably could have used it for the people) and are dealing with it. I guess Citi can’t pay it back – since they have so much capital tied up helping U.S. exporters.
Mitch
Elizabeth is far from stupid, and as practical as they come. Sorry for not mentioning the yeast. In bread making it falls in the understood category of my mind.
String
I looked at your chart/screen String, but I haven’t had time to set up anything on my StreetSmart yet, so not sure how it will look on my screen.
I am with K, I too would reverse the colors, green=go in my book, but understand how you set them up.
your system makes sense in that you have multiple indicators and when they flash BUY, you buy. Do you wait for all of them to say “sell” before you sell, or what?
Thanks for sharing.
K’s Blog Post: Sotheby’s ($BID) as a Market Indicator http://tinyurl.com/ycjolw6
Kudlow – someone needs to cook that skunk.
“maquiladoras” another noob word for me. I have been missing out on that one with my Spanish twang I like to throw around (for the record, I don’t speak Spanish but my wife taught it in high school so I hear her speak it a lot when we go to restraurants).
I looked the word up and was delighted to see a basket of links on Google. I knew “assembled in Mexico” is on a lot of products but I didn’t know there were 1 million assemblers along the US/Mexico border; located on the Mexican side, of course.