Billionaire Bill Gates' Dad Frets About American Red Ink
By Elaine Meinel Supkis
Bill Gates' dad recently warned us about the impending bankruptcy of America. Both of the Gates are very pessimistic about all this stuff which is why they are rapidly relocating to China and India. Great. Some help, they are.
From the Seattle PI:
Bill Gates Sr., co-chairman of the Bill & Melinda Gates Foundation, gave a CityClub gathering their money's worth Friday at a luncheon to review the year almost gone.He also thought outsourcing is a great idea and that the world should be flat and that everyone should "rise" to the same level without mentioning this means sinking an awful lot of little boats.
As a participant on a panel that included Sen. Patty Murray, state Secretary of Health Mary Selecky and Issaquah developer George W. "Skip" Rowley, Gates, along with the others, was asked to tell about someone he'd been impressed by and to say why.
He picked Wall Street big shot Pete Peterson, who, Gates said, has warned against "the pending bankruptcy of the U.S."
His response drew shocked laughter from the crowd. But Gates wasn't kidding, and he would return to that theme later in the luncheon.
"We need to get over it," he said. "Seems to me it's the only way to raise all ships" and create what he described later as a truly "flat earth."Oh dear, once again, the happy news/happy face people get mad at us for daring to argue and make noise instead of polite laughter as our doom approaches! Hahaha. Laugh, clowns, laugh.
The present era's left-right polarity came in for a thumping by panelists who warned generally that it isn't a good thing. As a solution, however, the best they could do was plead for "more community."
As peasants across the planet die in clashes with imperial authorities, they do this because they are angry and desperate. They don't want to be polite when they are being oppressed, when people are stealing their lands, their crops, their sons and daughters. They are understandably angry and won't let it all slide.
Others are angry. Like Atta. Goofing around, smiling and patting ourselves won't stop angry people like Atta from taking action. Our response to his action was to drive America very deep into debt, ravage our own economy by waging futile wars and spending money like there is no tomorrow. How the hell are we going to avoid bankruptcy if we are pouring all our future wealth into weapons and wars that don't make us one bit safer?
And the debate about all this has to be loud, long, hard and might even end up very violent. Like in China. The Chinese people have finally figured out that if they don't make a tremendous noise, they will be stripped of everything good. So the agitation against authority rises higher and higher as it ought. And here?
The last unions are quietly packing their bags and departing. The people who benefitted from this system are quietly going bankrupt or cutting back to the bone, retreating silently. Occassional cries of pain, suicides and murders leave a bloody trail but our rich don't want to hear any leftist debate about all this!
This week, the Chinese have overtaken America in electronics exports. As I also predicted, they are busy building the intellectual infrastructure to challenge our own research and developments in this area just like the Japanese have homegrown many things and now beat us on our own turf. The Gates family has relocated research and development to China and India so they can make oodles of more money. This is why they love outsourcing. Not because there are no Americans who can be hired, it is because it is cheaper in other lands. And since few Americans with degrees in computer programming can get stable jobs, fewer and fewer are taking the courses and so the giant corporations say, they need the overseas facilities due to lack of interest in America as if we suddenly didn't care about good jobs or need them!
So, even as the Gates family stuffs their moneybags full, they have the temerity to warn us about thieves. This is why I avoid all Microsoft products if I can. I am happy the Gates family is against the Republican desires to cut taxes all the time. But there is a futher step for them: to stop stealing money from the masses via their near monopoly. To stop crushing other businesses. To stop outsourcing. Stop it, now.
To return to homepage click here
To read more financial news click here