Ori Einhorn

While visiting the US on a family vacation i found myself watching a reporter on a TV show called “The Real Story”, the name of the reporter/maven escapes me now, but his observations were shocking.

Here are his observations and some of mine:

1. In 2003 the US turned from a manufacturing country to a retailer more Americans are selling then producing.
2. Americans are addicted to Shopping, they shop what they see and not what they need.
3. Thanks to Walmart and other super centers Americans entered a vicious cycle Which goes as follows

Low prices are achieved today by outsourcing to the far east mainly China >>
The More we outsource the less Jobs we have
The less jobs we have the less we can pay for products
If we can’t pay for product we need them as cheap as possible
The cheaper we need them the more outsourcing we have to do

As hard as it seems it might be that the only way to battle this cycle is by:
A> Educating the public to only buy what they need,
B> Heavy taxtaion on unnecessary items i.e. Fancy SUV’s, Appliances, TV’s etc.
C> Rethinking our trade ties.

4. Far east and middle east countries are buying enormous amounts of dollars especially China, it could be one day when they decide to flood the market with their dollars, we will find ourselves with useless pieces of paper instead of currency.

5. Many far east countries are buying the US as simple as it sounds, Company by company stock by stock.

The reporter shocked me when he said that if the situation carries on like this and the American people do not snap out of their consumer addiction, China can bring down America to it’s knees.
The issues that i am raising are not supposed to scare anyone, i am just trying to open my eyes to changes that are happening, times are changing and it could be that wars between states that died out 140 years ago will happen again where 11 or more southern or northern or western states will rise and say enough, in order to secure our future we must change our ways.

On one of my travels on a cruise ship to Bergen, Norway i saw the following sign and i wondered how are the kids in Norway doing on their Spelling Bee? Just Wondering !