Yorbing Staff, January 29, 2019
Its U.S.’s own choices that causes it to go to wars, not other people’s actions
U.S. crashed the world markets and no one was able to sanctioned or punished it but now want extradiction of Huawei’s CFO to face fraud and other charges. Then have the gall to sanction Venezuela, a socialist country.
U.S. claim to stand by a ‘free and fair democratic principles’ when its own actions go unquestioned. U.S. wants to have the capacity for American businesses to operate in China without risk that their trade secrets and their intellectual property will be stolen.” As if U.S. with UK as ally, can be the only western countries to manipulate science and technology.
U.S. as a leader lost its position in 2008 when its continued to crash world markets, wrecking other people’s economies and did not even apologize for it. U.S. has impoverished it own people for millenia and has operated as a monopoly of businesses. It claims Huawei’s G5 is stolen idea from T Mobile. T Mobile was bought by German Telekom in 2001.
When Wall Street crashed and wiped out trillions of dollars, U.S. did not take responsibility and still remains in high debt.
U.S. markets just destroys people’s financial lives and yet goes scot-free. U.S. pretty much destroys the world’s economy by leading dissent, then thumbs its nose at world leaders. And for what? Sanctions against countries who have not gone to war? Who made whites leaders over humanity?
Greed. The American economy is built on credit. Credit is a great tool when used wisely. For instance, credit can be used to start or expand a business, which can create jobs. It can also be used to purchase large ticket items such as houses or cars. Again, more jobs are created and people’s needs are satisfied. But in the last decade, credit went unchecked in our country, and it got out of control.
A lot of the cost of the Great Recession is found in the loss of wealth. For many people, this loss of wealth came largely through falling home values. The number of home owners who suddenly found themselves underwater with their mortgages was huge. And, even though there are indications that the housing market is recovering, it’s been a long, slow slog.
Another consideration is the drop in wage income. The Great Recession prompted cutbacks at many companies. Even if you didn’t lose your job, there’s a possibility that your hours were cut, or that you lost some benefits. Underemployment is, perhaps, a lesser problem than unemployment, but it’s still a problem. The Dallas Fed looked at the loss of wages during the Great Recession, but also tried to factor in future lost wages as a result of continuing employment issues.