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Tuesday, 27 April 2010

Greed and High Wages, Not a High Dollar, Lead to Inflation, Economic Depression an Disaster.

I just watched the most honest, realistic, and thought provoking movie ever. The movie--State of the Union, with Katherine Hepburn and Spencer Tracy, 1948-- is undoubtedly one of the best ever produced anywhere, especially in Hollywood.

In the movie, Spencer Tracy is quoted "High wages mean higher prices. High prices today mean recession tomorrow. Recession tomorrow leads to depression. The truly wealthy nation is the one with the highest currency value, the highest production, and the lowest hourly wage. That country is China. Because of excessive exploitation, excessive flamboyance, excessive greed, excessive inflation, EXCESSIVE EXCESSIVE, the "American dream has failed and the United States is a dying nation".

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