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Thoughts of an American Christian. - Comments (0)

Printer Friendly Category: Applied,Articles
Author: John Malone
Date: 10th February, 2014 @ 04:29:15 AM

Hebrews 11:13-16

These all died in faith, not having received the promises, but having seen them afar off, and were persuaded of them, and embraced them, and confessed that they were strangers and pilgrims on the earth. 

For they that say such things declare plainly that they seek a country. 

And truly, if they had been mindful of that country from whence they came out, they might have had opportunity to have returned. 

But now they desire a better country, that is, an heavenly:wherefore God is not ashamed to be called their God:for he hath prepared for them a city.

Maybe some of you are with me when I wonder what is happening to our country’s middle class.

Let me give you my conclusion up-front. It’s being exported overseas.

America’s middle class is now our chief export, and the growth of that class abroad has been fueled by the so-called “quantitative easing” that has had our government funding foreign bank commitments with at the very least $6 Trillion of our debt.

Many have this number closer to $30 Trillion.

How did this happen? Well, it had to do with commoditizing the American lifestyle. First and foremost that means you own your home. It’s the cornerstone of the marketed American dream.

I won’t bore you with the details of how US Housing was monetized into quasi-government-secured securities that were largely held by sovereign national funds, but I will tell you that when that market exploded and was exposed for the near-ponzi scheme that it was, our government ponied up to those other governments, and secured their interest at our expense. Not only did our government guarantee those funds risk capital, but it guaranteed a 30-year interest rate that perhaps is double – potentially triple or quintuple – the average rate paid by our government.

And these actions were, to an extent, an effort to secure the retirements of EU government workers in countries that might have GDP’s of $100,000 per capita.

(You see, it’s an expensive proposition these days to stay in the middle class that has been enjoyed for nearly two generations in America and Europe. Very expensive indeed when you consider that the businesses that created such a class – and the expectations that go with it – are heavily either closed down, or in trouble. General Motors. AT&T (not the name, the company!). Most railroads. IBM. Digital Equipment Corporation. Amoco (Standard Oil). The automotive industry, the aircraft industry. Steel. Rubber.)

Those huge funds are being paid according to their holdings despite a worldwide decline in interest rates, giving these bond holdings at high interest enormous returns.

Yes, friends, all that debt has to go somewhere, and once you’re thoroughly convinced you aren’t seeing it spent on “shovel-ready” infrastructure projects, you’re ready to realize that it’s not going here, in our country.

Meanwhile, the story that’s NOT being told, is that while America’s middle-class promise is collapsing around my children, and my grandchildren, it is booming in the developing world, the only place in the world where you can readily consider a worthwhile project, and it adds up to a profit.

If you want to see where our middle class went, it’s overseas. What that does to the middle-class here at home is pins a new, disappointed dependent class upon them.

My advice to young fellows starting out today, is look overseas for the resources that went away, and bring them back. Figure it out how. It’s not that hard.

I’m glad I, like those who have gone before me, am looking for a heavenly country, and a heavenly city.

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