Saturday, November 17, 2007

Red Friday 2007

The Friday after Thanksgiving is referred to as Black Friday, as the retaillers usually see a profit that day. I refer to it as RED Friday, as most americans will only add to their debt on that day, and the money spent will find it's way into the coffers of the communist Chinese government. I started this last year in this other post, and I will continue to do an annual jeremiad about it until people listen, or our economy crashes. Yes, it's looking like the former possibility is more likely.

So, what's changed since last year? Well, the value of the American Dollar is down 30% versus the Euro, and also down against the British Pound and Japanese Yen. Ahh, but the dollar hasn't fallen in relation to the Chinese Yuan right? The Chinese currency is pegged to the US Dollar, so that as our dollar gets weaker, chinese imports to this country won't spike in value. Which means that americans can continue to buy chinese goods until the Dollar is 1:1 with the old Italian Lira, and the destruction of our economy is complete.

Oil, on the other hand, is not pegged to the Dollar, as any observer will note that the cost of a barrel of oil is up 60% from this time last year. Yes, it hurts, and will continue to hurt, until we both reduce consumer consumption and get our currency under control.

So, what does this have to do with shopping on RED Friday? Here are some suggestions:

1. Don't buy so much stuff!
2. If you just have to but stuff, don't buy stuff made in China.
3. Instead of buying a plasma TV, buy a copy of 'The Wealth of Nations' by Adam Smith.
4. Instead of buying a new Playstation, buy a copy of 'The History of the Decline and Fall of the Roman Empire' by Edward Gibbon.
5. Some of you are talented folks, so craft something instead. We used to make stuff in this country, so revive the tradition.


Aunty Belle said...

Howdy, Sugar Pie...fine idea--but thar's another good reason--put some Christ in your Christmas--buy (if buy you must) from monasteries--hand made baby clothes from Portugese convents, and cheese and soap from US monasteries. Better to take yore family to visit relatives, go to see them Nutcracker ballets, or a concert of Messiah.... avoid commercialism.

For another take on economic matters and the USA see:

It's been a month--how is Mrs. Jimbob feelin'?

Dad29 said...

Well, the PRC's have taken a beating on the PR front lately, which won't help them.

And since cash is harder to get (no reserve dollars in the old piggy-bank-house), this may be a very quiet shopping season.

Frankly, I'll be happy with a set of Kreeft's books.

And BOTH or your twins will love you!!