經濟,財務,統計學,數理科學與政治評論

My Dear American people:

  It is time to think hard about the job issue, a question about "TWELVE MILLION JOBS". Let's us think hard about the issue. The last time you face the bubble issue of stock market and property is around the WW I and the WW II, the solution to the issue is waitng others fighting to the death and pick up the war industries to end the war and use the savings from the people of Americans to coordinate with the rest of the world for the peace and prosper. There are two important points out there, one is the savings the world only has at the time ( that is the States) and the other is the war industries for the production to form a money creation cycle. Now the money creation is from the QEx BUT the production increasing is not yet to be seen in the States. So the question becomes how to increase the production in the States and in what form. These days we often mention about the issue of healthcare but we neglect the issue of huge deficit the States has. The debt has big impact to the States as it makes you to pay more than 15 cents when you make a dollar. Or the number is even wore than I thought. It becomes the headache when you want to contribute a lot to your own healthcare. 

  The burden of debt may have its big impact for the growth of US as too much dollars and fortune creation from the States is used to pay down or just to pay the interest instead of principal(of the US debt). I guess the States has to consider let some weak and can-not-afford debts to default and get into the process of restructuring. It is the only way to reduce the burden and increase the ability for all the debt the States can be paid down. Of course, you have to consider the problem that Europe faces. And several QEs do help Europe countries for their financial problem when the dollar gets weaker makes investors to look for higher yield of Euro. And the QE3 still does help the problem of European crisis. The weak currency of the US dollar does reduce some burden of US debt, but it is just not enough to you. the States needs to default some of your debts. So you have to renegotiate with your debtors about the issue of debt restructuring. It is time to face the problem.

  The way you think these days is to redistribute the wealth of your own nation has through the tax code adjustment or tuning. Let the rich people donate more to reduce the national debt is the must-be. But it also creates the hate-and-love issue of class war. So you have to be careful to the solution.

  Back to the first question we ask about the "TWELVE MILLION JOBS" issue. From the story of last great depression the States faces, it does not solve by itself but from others-the World Wars. It just can have the same situation this time as we can not expect the other world war anymore. Because it may mean the war between China and US. I know it is absolutely impossible and just can not happen this time. So you have to face the problem of how to make money from the need of mainland China when it is your big debtor and how to grow your nation from the trade with China for your own job and fortune creation. It is the issue you have to think hard. There are millions of people who earns their living less than USD 520 a month in China. The salary of the middle class's wage per person is around USD 500 to 550 in the mainland China. So if you can not make it that much, can you trade with South Eastern nations or Latin American nations? I know Mr. Obama and secretary Clinton make a lot of contributions to this issue.

  If all those just can not get so well, the last and foremost way is the fortune creation of your own nation. Make everyone believe those products or services do worth what they show. We see the rising tide of technology of the States in 2000. We are eager to see the biotechnology or some new medical treatments or new technology you can contribute to the States or the rest of world. But all those are based on the increasing savings of American people or another round of QE for the bill. I guess we can not expect the latter one. So this time the issue you have to face seems to be the one that of how to increase the savings without hurting the consumption your society needs.