Black Friday: A Shameful Orgy Of Materialism For A Morally Bankrupt Nation

“…the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas…Overall, the U.S. has run a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975.”

This is misleading. Sound (vs. Voo Doo) economics tells us that there is no such thing as a balance of payments deficit. What are the Chinese going to do with those dollars, use them for toilet paper? Up until now, they (the $) have been coming back to the uS in the form of bond purchases. That makes the situation even more scary.

What it means is that the Chinese are supporting our debt and we are living on debt (consuming resources we have borrowed). So the worry should not be just about what will happen in the uSSA when the dollar collapses (the dollar itself is monetized debt). It will be a world wide concern. Could it lead to nuclear war?

Damn, learning economics was one of the worst things to ever have happened to me. I was a whole lot more “blissful” when living in “ignorance.” — jtl, 419

Black Friday  It has been called “America’s most disturbing holiday”.  Black Friday is the day when millions of average Americans wait outside retail stores in the middle of the night in the freezing cold to spend more money that they do not have for more cheap Chinese-made products that they do not need.  It is a day when the rest of the world makes fun of Americans for behaving like “rabid animals” and “zombies” as we indulge in a tsunami of greed.  It truly is a shameful orgy of materialism for a morally bankrupt nation.  It is being projected that approximately 140 million Americans will participate in this disgusting national ritual this year.  Sadly, most of them have absolutely no idea that they are actively participating in the destruction of the economic infrastructure of the United States.  If you don’t understand why this is true, please be sure to read this entire article all the way to the end.

The amount of merchandise that is purchased on Black Friday is absolutely staggering.  For example, just consider how much stuff is sold at Wal-Mart alone

Wal-Mart said it recorded more than 10 million register transactions between 6 p.m. and 10 p.m. Thursday in its stores and nearly 400 million page views that day on walmart.com. It sold 2.8 million towels, 2 million televisions, 1.4 million tablets, 300,000 bicycles and 1.9 million dolls. Big-ticket electronics like big-screen TVs and new videogame consoles were among the top sellers.

But each and every year, Black Friday also seems to bring out the worst in many people, and this year was certainly no exception.  The following are just a few of the national headlines about the rioting and the violence that we witnessed…

-“Holiday shopping season kicks off with fights, arrests

-“Violence flares as shoppers slug it out for best Black Friday deals

-“Watch Screaming Mobs Fight Over Televisions At Wal-Mart

-“Two Arrested After Stabbing Over Parking Space At Wal-Mart

-“Rialto Walmart Thanksgiving brawl sends one police officer to hospital

-“Walmart Ejects Customer For Filming Violent ‘Black Thursday’ Mobs

-“Cops: Shoplifting suspect shot after dragging officer

And sometimes the violence extends out into the parking lots and into the surrounding neighborhoods.  In Las Vegas, a man that was carrying a big-screen television home from Target was shot in the leg…

According to police, a man purchased a big-screen television from the Target store near Flamingo Rd. and Maryland Pkwy. While he was walking to a nearby apartment complex, a man approached and fired a warning shot, causing the victim to drop the television, police said.

Officers tell 8 News NOW the gunman then took the television to a nearby car that was waiting, where a second man helped the gunman load the TV into the car.

The victim approached the two men and tried to get the television back. That prompted the gunman to fire several more rounds, shooting the victim in the leg.

Every year I go over to YouTube to check out the madness that breaks out on Black Friday night all over the nation.  Posted below is the best compilation video from Black Friday that I could find.  In particular, I love how this video compares American shoppers to zombies…

And there is one more video that I wanted to share with you.  In this video, activist Mark Dice dresses up like Santa Claus and mocks Black Friday shoppers for being “parasites” and for ruining Thanksgiving…

Meanwhile, as retail stores all over America actively encourage this zombie-like behavior, police are actually cracking down on other groups of Americans that are actively trying to make this country a better place.  For example, a Christian group in Lake Worth, Florida was kicked out of a public park for trying to feed the homeless on Thanksgiving.  Of course this kind of thing happens all the time.  In fact, dozens of major cities all over the country have now passed laws that make it illegal to feed the homeless.  For much more on this, please see my previous article entitled “One Lawmaker Is Literally Smashing The Belongings Of The Homeless With A Sledgehammer“.

At the beginning of this article, I stated that those who go shopping on Black Friday “are actively participating in the destruction of the economic infrastructure of the United States”.

How could that possibly be?

Aren’t they helping the economy by spending their money?

Actually, it isn’t that simple.

Just think about it for a moment.  Where are most of the “advertised specials” that people go crazy over on Black Friday actually made?

If you guessed “China”, you would be correct.  In fact, it is very difficult to find any “Black Friday specials” that are actually made in the United States.

When you buy stuff made in China, you support workers and businesses in China.  As I mentioned in a recent article, the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas.

Overall, the U.S. has run a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975.

So when you look around and see lots of unemployed people, it should not be a surprise to you.

Right now, the labor force participation rate is at a 35-year-low and more than 102 million working age Americans do not have a job.  That number has increased by 27 million just since the year 2000.

Because the American people are not supporting American businesses, our formerly great manufacturing cities are being transformed into rotting, festering hellholes.  Just take a look at Detroit.  At one time Detroit had the highest per capita income in the entire nation, but now it is a dying, bankrupt ghost town.

And of course this is happening to manufacturing cities all over the nation.  Since 2001, more than 56,000 manufacturing facilities in the U.S. have permanently shut down and we have lost millions upon millions of good paying manufacturing jobs.

Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs.  Today, only about 9 percent of the jobs in the United States are manufacturing jobs.

Good job America.  And the following are some more facts from one of my previous articles about how our massively bloated trade deficit is absolutely killing our economy…

-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

-Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

-When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

-Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

Unfortunately, most Americans never stop to think about what happens when we buy stuff from China.

When we buy stuff from them, our money goes over there.

At this point, they are sitting on trillions of our dollars and they have purchased more than a trillion dollars of our debt.

Up until now, Chinese demand for our dollars has helped keep the value of the U.S. dollar artificially high.  This is one of the reasons why Wal-Mart can sell you those Chinese imports so inexpensively.

And up until now, Chinese demand for our debt has helped keep long-term interest rates artificially low.  So the U.S. government has been able to borrow money at ridiculously low interest rates and U.S. home buyers have been able to get mortgage rates that are well below the real rate of inflation.

But no irrational state of affairs ever lasts indefinitely, and the Chinese recently announced that they are going to quit stockpiling U.S. dollars.  Many analysts believe that this means that the Chinese will soon stop stockpiling U.S. debt as well.

So enjoy those super cheap “Black Friday specials” while they last.  That era is rapidly coming to an end.

Now that the Chinese have stolen tens of thousands of our businesses, millions of our jobs and trillions of our dollars, perhaps they feel that there is not much more looting to be done.  Our economic infrastructure has been essentially gutted at this point.  Moving forward, China can afford to let the value of the U.S. dollar fall and the value of their own currency rise because even Barack Obama admits that “those jobs are never coming back”.

And every single American that went shopping on Black Friday and bought Chinese-made goods actively participated in the ongoing destruction of the U.S. economy.

Good job America.  You are a nation that is utterly consumed by materialism and greed, and you don’t even realize that you are destroying yourself with your own foolishness.

——————————————————————-

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Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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14 Responses to Black Friday: A Shameful Orgy Of Materialism For A Morally Bankrupt Nation

  1. Gunny G says:

    Reblogged this on BLOGGING BAD ~ DICK.G: AMERICAN ! and commented:
    GUNNY G!
    *****

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  2. Pingback: Good Job, Americans | Current Opinions of News

  3. budm303 says:

    I recall the same comments about Japan in the ’30s. If Americans wish to compete, they should produce superior goods at better prices. The Chinese, who have been around longer than us, understand how to use Free Trade options. The problem here is greed, rather than Service. As for deflation, those with the most will still have it–which is the driving attitude for achievement.

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  4. budm303, I was following along and fine with it all until you got to: “The problem here is greed, rather than Service. As for deflation, those with the most will still have it–which is the driving attitude for achievement.”

    It is not that I have a problem with that. It is just that I do not understand it. Can you please clarify?

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  5. rich wilcke says:

    Jimmy, Identify the source of this pietistic bilge that seeks to blame shoppers for the troubles of the economy. These anti-market, pro-labor intellectuals want to demonize Walmart and the consumers who patronize stores when they’re having sales – such as the day after Thanksgiving – and imports in general (especially the Chinese), yet they would mostly agree that spending is good and savings bad, and that more spending (presumably on American-made products) would help everyone. The last two paragraphs of this article are infuriating. Let us know who wrote them – or at the very least where they were published.

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  6. phynedyning says:

    Ever notice how the MSM’s talking heads giggle and smirk whenever they report on the predictable nature of savages acting like savages in these cases? Just like burning down a neighborhood in celebration of a sports team’s victory, the portrayed deviant action is made ‘normal’…and expected. Tell a knuckle-dragger with a 68 IQ that it’s ‘fun’ or somehow expected to act like a knuckle-dragger…they won’t disappoint.

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    • At first glance, this type of behavior does not bode well for the future of freedom. To work, a free society must also be a moral society–that is some sort of law discovered by Jefferson, et al

      I do not believe that the basic nature of man has changed but his behavior has. And, this behavior change is the perfectly predictable outcome of democratic socialism which has elicited a change in what Austrian Economists call “time preference.” Short sighted people have a high time preference–they live in the moment. Why bother with saving when the government will take care of you in your old age?

      So, remove the social dependency and the people will respond. Either that or perish — either way, the world will be a better place.

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      • phynedyning says:

        “So, remove the social dependency and the people will respond. Either that or perish — either way, the world will be a better place.”

        Doc, ya had me until you waived the flag of social Darwinism. The anarcho-capitalist movement will never gain traction as long as it subscribes to the idea that bad outcomes are always traceable to bad decisions.

        What about ‘luck’? What about the idea that not everyone is Blessed with equal ability?

        I embrace libertarian socialism because I cannot watch a fellow human bobbing in the water and simply holler, “How much ya willin’ to pay me to save yer sorry arse?”

        How is the world ‘a better place’ if the vulnerable are allowed to perish? Not all of the poor are ‘lazy’. Not even a significant percentage of them are ‘lazy’.

        When I press people for data supporting the notion that the poor are ‘lazy’, they usually spew stuff along the lines of, “My brothers, neighbor’s cousin knows someone who works at a hospital (or convenience store, etc) and people on welfare come in…(usually buying luxury goods and possessing some coveted electronic do-dad).

        That ‘some people’ have a high time preference is not supportive that ‘all (poor) people’ have a high time preference. Saying so is an unfair generalization.

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  7. John, you have a very vivid imagination and did a fine job of putting words into my mouth.

    Like

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