>Yesterday a short CNN story mentioned that "The Fed" may reduce interest rates again Tuesday to "fend off deflation"... 'which is a phenomena not seen in our economy since the Great Depression'.
>
>Shouldn't we ALL be VERY bothered that...
>1) this problem is looming yet nobody seems to know its (real) cause or its real antidote;
>2) this looming problem will affect us ALL yet nobody can advise us how WE can/should react?????
>
>It still looks to me that "deflation" is the natural outcome of globalization and if it is, and if deflation is bad (as it obviously is in my mind) then why do our leaders still push globalization down our throats?

Jim;

You know the story – “the rich get rich while the poor get poorer”. We know whom the rich are as we know who the poor are. If you work to support yourself and your family then you are poor. Poor exists in varying degrees. The concept of globalization is to be sure that all working people are equally poor. That way the rich will be richer. It is a simple plan and is working well.

A bowl of rice to eat, a straw mat to sleep on and long, hard tedious work is what we thrive on. What this is all about is to level the economic standards of the world to the level of the poorest person. When that occurs then we can say that truly globalization has been a success.

Tom