profitability IS EVERY WHERE ELSE BUT HERE.

The dollar index since Nixon lost over 50% of its value (165 versus 78 today) because they relinquished the Bretton-Wood Treaty and therefore since then the amount of printed dollar out of thin air double every few years. This devaluation scenario that goes way back to 1920, allowed us to robe the world with cheaper and cheaper commodities; to the point that copper price today is still at 1930’s price.

But what has changed in the last 20 years or so is that our currency monopoly is over with the dollar (now world deposit in Euros is close to 30% if not more); the US is undisputed technological lead is over; guns, boats, satellites, missiles are now build by other countries and therefore the looting and invasions is coming to an end; our tax system to finance wars and life style beyond their means rendered our corporations uncompetitive (just yesterday it was announced that another 18.000 jobs were lost in the industrial sector); there is no boom available to USA fraud: consumers are trapped in debt, there is no growth (we need as minimum 250.000 new jobs per month, GDP over 3.75% yoy), the obscene debt is eating our future (debt is now well over 7% and still growing and for growth needs to be bellowed 3.7%); there is no major new investment here because the profitability IS EVERY WHERE ELSE BUT HERE.