patrick.net

Ppl, Anglo-Saxon countries, esp the USA, are known for long term political & financial stability, unlike let's say, the middle east, eastern Europe, & even southeast Asia. Thus, currencies like the US dollar and the Pound Sterling are widely held around the globe. And this, once again, is not a recent phenomena but has been going on for much of the 20th century, if not earlier, at least for the British Empire.

With the above stated, I don't understand this wanting to stop the movement of capital between outsiders (them) and Mother England or Uncle Sam? Nations, like Thailand, Malaysia, etc, have all had capital flights, when their respective govts decided to give the middle finger on protecting foreigner's assets. Likewise, do we want everyone to suddenly stop buying US treasuries, assets, currencies, a/o investing in our companies?

The US is not going to have some permanently sound economy by simply selling Wisconsin Ginseng, Midwestern Soy Beans, Vermont Cheddar, Kentucky Bourbon, or Jack Daniels to Asian countries. In fact, that would be an even more third world situation than today, as only the owners of those commodity exporters would make any of the money. The use of automation tools, etc, allow most of that stuff to be made w/o hiring many workers.

indigenous says

bob2356 says

I'm sure in the libratarian ideal world

Before Bob came to this forum he could not spell libertarian and now...

The most profound thing you can come up with is nah, nah you made a typo? Sad.

indigenous says

bob2356 says

The fact is most people that complain about "government" have no problem at all using "government" to their advantage.

Au Contraire they are too busy running the government gauntlet of now you are suppose tos to think about it, in fact their mantra is don't ever think again that you will ever think again.

Have you been toking weed with the captain? That level of convoluted nonsense is usually his exclusive preserve.

didn't read the comment section, so forgive me if this has been mentioned.....Greece, Portugal, Spain, Malta, Latvia (and maybe Cyprus) are now offering what's called "the golden visa". It allows people to get residency cards (valid throughout the EU) if they buy real estate in the named countries. In Greece and Malta, property valued at 250K (euro) will get you this golden visa, in Spain and Portugal it's 500k. Latvia is cheaper, but think they're changing the rules, come 2014. The scheme is similar to what this article is proposing....get foreign money (China, Russia, Middle East) into the country.