So let’s break it down for you this morning in simple terms:
Immigration in the new Housing Bubble.
Let’s back up a bit: First on the Immigration numbers.
This story is getting traction this week because of a Washington Examiner story that says in 8-years, the number of legal plus illegal immigrants coming to the USA will be running 50-million per decade.
Put another way, if you look at the CIS chart, you’ll find that immigration it already running well ahead of where it was in the 1930s, for example.
The problem is the lack of “Dot Connecting” in regards to this story.
As readers know, we have alleged that the American lifestyle is under vicious attack and that in the wake of the Housing bubble collapse, we have held that a new bubble (a replacement) would be found. And now here we have it.
The highest rate EVER will show up in 8-years.
So here’s the dot-connecting: We are reading that the US GDP is running about $18-trillion – a good thing. Of course, public debt is higher than that, but let’s set that ugly aside for a minute.
Let’s talk GDP growth: The data suggests that we are presently accepting nearly 8-million immigrants per decade (corrected).
It doesn’t take a “rocket surgeon” to figure out what this means.
Let me run the numbers for you.
Say you have a country with 320-million of population and this $18-trillion of GDP. What is the per capita GDP?
Ander: $56,250 per person.
Now, let’s see what next year looks like with the addition of 3-million immigrants and a 2% growth in GDP:
The GDP increases to $18.36 trillion. The politicians will be coming out of the woodwork to celebrate this data, taking bows, and so on.
But the REALITY is that we will have about about 3-million per year more people annual and increasing from there. So instead of 320-million we will bounce up to 323-million.
Care to see what happens to GDP?
Well, try $56,842.
In other words, your share of the pie will get smaller. GDP might go up 2% but per capita will go up only 1%. I don’t suppose you can figure what will happen to your lifestyle? D’oh….
Obviously, if GDP growth falls below immigration rates, per capita GPD falls. Seems to be where we’re heading.
You can see the set-up for this in the per capita income chart over here.
Not that immigration is bad. BUT wed have to be honest with ourselves: If the best we can do to grow the American pie is 2% – and that’s using some tricky accounting which includes swelling the M1 and M2 to hugely bloated levels – why would anyone in their right mind be promoting still MORE immigration?
Well, sadly, we see the handwriting on the wall, here.
While the crowd of nominally republican dimwits are falling all over themselves to happy-up on immigration, a poll out shows that they should stop trying to do the political correctness dance and get back on core issues. Like does America have a border and the sense to control it?
Meantime, Obama minions are out in force trying to calm fears in places like Phoenix that expect another major surge in illegals and children in particular this summer. Essentially, they are saying “Nothing to worry about.”
But you know how our thought processes work: When government says don’t worry, you should do what?
Or, at least run the numbers. Please.
The OTHER Immigration Issue – Exopolitics, Greada
Movie is the message, right? So here comes a former Canadian Defense minister saying the government is allowing aliens to walk among us.
Disclosure? That will never happen because as we all know, president Eisenhower signed the Greada Treaty in 1954, which allows the greys harvesting and such in return for tech. They haven’t been forthcoming, but other races from space warned us about the greys being crooked and….oh, not up on your real history?
Tisk, tisk. Back to that last link.
It’s all a cosmic joke where we’ve screw up not only the southern border, but the one overhead so badly that no one can move on disclosure being it would demonstrate how stupid humanoid bipeds are…
As below, so above?
Another day of gains yesterday, but a weaker opening may come this morning.
Iranian warships on a resupply to Houthi rebels in Yemen is about to go hot and that supposed Saudi cease-fire turned out to be a joke.
Buying the Clintons
I don’t suppose you read the NY Times story about money flowing into the Clinton Foundation while the check-writing Russians were trying to gobble up a uranium mining company?
And what’s this? The Clinton charities are refiling their tax returns.
Still, SOWWDS will be the next president unless the GOP finds a way to work Carly into the mix. Otherwise, the gender card will be played like the race card. And you know how dangerous card games are?
But republicans ain’t exactly the smartest group in the world. Hell, they once believed in small central government and a balanced budget.