經濟,財務,統計學,數理科學與政治評論

My Dear Americans Friends:

   Everyone is talking about the Quantitative Easing these days. But as we know the largely withdrawn of mtutal funds lately just shows that the America does not short of liquidity but the IDEA to make a living!! Now you have to confess the truth that Uncle Sam has no complete production supply chain anymore, no matter what kind of industries like electronic products or other cheaper but durable products. American no longer has the product that is "Made in the USA" except softwares or other higher-valued products. You can not afford the factory to hire a lot of people because you have a more strict law on pension and other benefits that a decent worker should have. It is totally different story now than many decades ago. From Japan's experience, they try to depreciate their currency and move their factories back to Japan. But it does not work well even they try hard. People may blame the reason is that the Japanese yuan does not depreciate much to induce those factories back. But you have to consider the "local production-local consumption" seems to be a reality and become the role-model for the "just-in-time" prodction.

  The higher oil price compared to the old day's 20-30 US dollar one barrel COMES and the higher commodity price the world faces have become the norm. China tries to rewrite the new consumption model and let the intelligent electronic products sell at as lower price as possible. We have saw the Huawei tries to launch the cellphone with Andriod system with the price as low as 100 U.S. dollar each piece. Poor countries has realized that they can no longer let their people increase their salaries that much if Americans stop shopping and refuse to pay higher prices for those products. Therefore if you want to make a fortune, the only way for those employer of poor nations is try to lower those products' prices and make a cheaper one for everyone in their own countries.

  It makes "the production in the U.S.A." to be an even worse idea right now. But do not forget, you have your own demand for cars, cellphones and daily consumer-need products. It all can try to produce in the States if it is not that expensive (to produce in the U.S.A.). But now, it seems not to be a good idea. As Chinese people are the most hard working men and women on the planet, they would work hard and love to die in the heart attack rather to choose to live in hunger. China has no such a good social welfare network which can help those ones without jobs. So people live like ANTs and have to work hard to prevent him/herself live in poor.

  So the question goes back to "when will Americans create another industry that can let a lot of Americans get their jobs and live? and in what form??" I guess there are some directions you may have.. (1) the product can only be produced in the States and can only be consumed by Americans; (2) the product has the unique characteristic that only Americans love to pay a big buck; (3) Only American can produce those products that no other nations can do it or try to copy in a cheaper way....

  People may think the answer is SPORT!! To be honest, all those requirements seems to point to "Building a national health-care system".  I have to confess that our national health-care system largerly reduces the payments to doctors and nurses. The most important thing you shoud know is the system depends on a more heavily tax-rate society to support it, so ours will get bankrupt some days (in not far away future). If you want to do it, I guess there is no one you can follow. Just try to do it through "learning by doing"!!