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  • #280,121
  • Aug 10, 2010 10:12pm Aug 10, 2010 10:12pm
Quoting Duce
Yes...we do fudge our numbers. But the fact that they have 1+ billion non-unionized people making sqwat makes China attractive to the rest of the world's businesses. The more I think about the crap that comes out of that country, the more I want to vomit. I've made a conscious effort to stop buying Chinese when I'm able.
I partially agree with that Duce.

To stop buying Chinese is only half the battle. The other is to buy local, and by local, I mean American.
Not all sins are created equal
  • #280,122
  • Aug 10, 2010 10:16pm Aug 10, 2010 10:16pm
Quoting Jay Walker
I partially agree with that Duce.

To stop buying Chinese is only half the battle. The other is to buy local, and by local, I mean American.
If we all bought local, world trade would cease to exist....and we would all suffer the consequences. I know what your saying, and I agree up to a point but the world trade needs.....world trade!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #280,123
  • Aug 10, 2010 10:16pm Aug 10, 2010 10:16pm
X
Excel
  • #280,124
  • Aug 10, 2010 10:18pm Aug 10, 2010 10:18pm
Quoting Duce
Yes...we do fudge our numbers. But the fact that they have 1+ billion non-unionized people making sqwat makes China attractive to the rest of the world's businesses. The more I think about the crap that comes out of that country, the more I want to vomit. I've made a conscious effort to stop buying Chinese when I'm able.
many think this way. just not enough of the ones with a job..
those who can, do. those who cant, talk about those who can
  • #280,125
  • Aug 10, 2010 10:19pm Aug 10, 2010 10:19pm
Buy local...that's the other problem. The only saving grace so far is that the economy is so shyt that people (at least people I know) are actually curtailing their purchases of frivolous consumables. I think we will, over time, be more efficient in our purchases. And maybe that kind of thinking will help us fight the giant panda.

I think the Europeans are way ahead of us in that department. Heck, I remember the first time I saw a front loading washing machine. I said 'what the hell is that? 15 years later, we have them in North America. Efficient. Reliable. Long lasting. That formula does not say Chinese. The formula says Germany.

Sorry guys. 'nuf ranting. Back to work.
Si vis pacem, para bellum.
  • #280,126
  • Aug 10, 2010 10:23pm Aug 10, 2010 10:23pm
Quoting realjumper
If we all bought local, world trade would cease to exist....and we would all suffer the consequences. I know what your saying, and I agree up to a point but the world trade needs.....world trade!!
Yes, we need trade. Absolutely. But it's gotta be fair.

And anyone who tells me it's 'demand' and 'what the people want' that drives trade and prices. BS ! The media tells you what you need and what you should buy. But by the time you realize you've been had...you're 60 years old.

Wow...i'm really pissing vinegar tonight. Not sure why.
Si vis pacem, para bellum.
  • #280,127
  • Aug 10, 2010 10:37pm Aug 10, 2010 10:37pm
Quoting realjumper
If we all bought local, world trade would cease to exist....and we would all suffer the consequences. I know what your saying, and I agree up to a point but the world trade needs.....world trade!!
man is a disease.. He always wants more. Getting more causes other problems. we want cheap Chinese products. but when their demand brought oil up to 147 pb. those cheap products don't seem so cheap. nothing is free. what you or i don't pay, our kids will. Now many u.s. companies are going down the list beyond china. Labor is cheaper in other markets in s.e. Asia like Vietnam etc.
soon they will want oil etc. So we fucked ourselves by buying crap we used to make. So some of the elite can make billions subsidized by a country that it weakens. The u.s. gained nothing in this. we lost... from a system with a single bread winner to a system where there are 2 bread winners. with leverage that has enslaved us. Mayberry isn't so bad..
those who can, do. those who cant, talk about those who can
  • #280,128
  • Aug 10, 2010 10:41pm Aug 10, 2010 10:41pm
http://www.thestar.com/news/world/ar...ust-flee-earth
Si vis pacem, para bellum.
  • #280,129
  • Aug 10, 2010 10:42pm Aug 10, 2010 10:42pm
Did anyone see the article on yahoo news that said 5% of americans purchase 37% of retail products, and that America is "IN DANGER of becoming a Plutonomy." FYI.. we are already there.
  • #280,130
  • Aug 10, 2010 10:45pm Aug 10, 2010 10:45pm
On subject for a moment, lots of dance around 1.3120-3125. Gator, you got any inkling whether we will break in a particular direction?
  • #280,131
  • Aug 10, 2010 10:47pm Aug 10, 2010 10:47pm
G'nite folks. See you on the other side.
Si vis pacem, para bellum.
  • #280,132
  • Aug 10, 2010 10:58pm Aug 10, 2010 10:58pm
Quoting Jay Walker
Well then the Amazing Strategy would finally f@#king work right!
the tighter things get in the u.s. the smaller the pie gets. china will zero in on the pie and take market share from Europe. If things are getting tighter in China. Then it will put more Chinese demand on the smaller pie. Cheaper labor and commodities stockpiled gives China an advantage. Europe has the advantage in precision high quality items. This is not needed for the bulk of products. These come down to price. A government subsidized currency and fuel cost don't hurt Chinese companies either. The best price wins in crap products.
those who can, do. those who cant, talk about those who can
  • #280,133
  • Aug 10, 2010 11:00pm Aug 10, 2010 11:00pm
Quoting gatorinla
man is a disease.. He always wants more. Getting more causes other problems. we want cheap Chinese products. but when their demand brought oil up to 147 pb. those cheap products don't seem so cheap. nothing is free. what you or i don't pay, our kids will. Now many u.s. companies are going down the list beyond china. Labor is cheaper in other markets in s.e. Asia like Vietnam etc.
soon they will want oil etc. So we fucked ourselves by buying crap we used to make. So some of the elite can make billions subsidized by a country that it weakens. The...
That's very true....but USA has shot itself in the foot over and over again. For instance, the FTA with Australia is very one sided, and it doesn't go down well. NZ has been seeking an FTA with USA for eons....only to keep being denied. So we have an FTA with China. China is now our second largest trading partner, displacing USA. When I want to buy tools, years ago I would have bought SnapOn tools from USA, not because they were the best, but because American tools are usually very good quality. But now I buy Sidchrome tols from Australia, because they are every bit as good, and I support our trading partner. If I want to buy garden tools, I will buy from China because they are our trading partner and because I don't want top quality expensive spades to dig my veggie garden.

If we don't import from China, we cannot export there.....yet America with it's farm subsidies (and EZ) do not want our exports. So what are we to do?

We import oranges from California, but we don't need them....we have a thriving citus fruit indistry here of our own.....plus we import from the Pacific Islands, and their oranges are damn good.....yet we still import from California. e don't want to, but we have always had to because if we didn't, our exports to USA wouldn't be welcomed.

It's a very complex issue, but the two things that stand out is this:

1. People want the best deal for their money. Mostly, people don't care where it was made....they just want the best value for their money (I'm not talking about large appliances etc....I'm talking about your electric heaters, kettels, toasters, radios etc etc etc

2. If America had traded more freely with it's allies, China may not be in the picture at all.

Keep your friends close.....keep your enemies closer!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #280,134
  • Aug 10, 2010 11:10pm Aug 10, 2010 11:10pm
Quoting SNS, Inc
On subject for a moment, lots of dance around 1.3120-3125. Gator, you got any inkling whether we will break in a particular direction?
if the red holds, im thinking this... purple the dotted.. then lower.. but im out at yellow
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those who can, do. those who cant, talk about those who can
  • #280,135
  • Aug 10, 2010 11:10pm Aug 10, 2010 11:10pm
nikei down 2.5%
  • #280,136
  • Aug 10, 2010 11:11pm Aug 10, 2010 11:11pm
Quoting realjumper
That's very true....but USA has shot itself in the foot over and over again. For instance, the FTA with Australia is very one sided, and it doesn't go down well. NZ has been seeking an FTA with USA for eons...

good points rj........a lot of the american public wants to buy domestic to promote job growth, but then when they have to pay more for the goods due to expensive labor they say no i dont want to pay that much, ill buy whatever is cheapest, which happens to be from countries with cheap labor.....people will always obey their wallets.
  • #280,137
  • Aug 10, 2010 11:17pm Aug 10, 2010 11:17pm
America has pushed for inflation to get itself out of debt for years. from ww2 on... You can only inflate the balloon so much before it pops. The inflation bubble of america is set to pop and the worst fears of deflation are coming... imo. the difficulty will come in that the prices of goods and services will continue to increase and the divide of wealth will be exacerbated.
  • #280,138
  • Aug 10, 2010 11:21pm Aug 10, 2010 11:21pm
Quoting realjumper
That's very true....but USA has shot itself in the foot over and over again. For instance, the FTA with Australia is very one sided, and it doesn't go down well. NZ has been seeking an FTA with USA for eons....only to keep being denied. So we have an FTA with China. China is now our second largest trading partner, displacing USA. When I want to buy tools, years ago I would have bought SnapOn tools from USA, not because they were the best, but because American tools are usually very good quality. But now I buy Sidchrome tols from Australia, because...
makes one think u.s. ambassador to china had something to do with this back when nixon was in office. way back when oil was 8 pb.. and the gold standard was changed..
those who can, do. those who cant, talk about those who can
  • #280,139
  • Edited 11:45pm Aug 10, 2010 11:29pm | Edited 11:45pm
Quoting SNS, Inc
America has pushed for inflation to get itself out of debt for years. from ww2 on... You can only inflate the balloon so much before it pops. The inflation bubble of america is set to pop and the worst fears of deflation are coming... imo. the difficulty will come in that the prices of goods and services will continue to increase and the divide of wealth will be exacerbated.
we were on a gold standard until early 70ties. when British investors tried to fuck us after we saved their ass. by buying gold (u.s. coins) at a set rate. then melting it and selling it on an open market. as for as inflation we raised the price of gold to help alias getting their ass kicked from 25 to 35 during ww2... if i recall correctly. Many forget what was done for their freedom on the back of u.s. citizens. that they still pay for today.
those who can, do. those who cant, talk about those who can
  • #280,140
  • Aug 10, 2010 11:31pm Aug 10, 2010 11:31pm
Quoting gatorinla
makes one think u.s. ambassador to china had something to do with this back when nixon was in office. way back when oil was 8 pb.. and the gold standard was changed..
Politicians get the lovely privilage of having diplomatic immunity to do illegal and profitable sh!t and screwing the rest of us to make their millions. I would bet money that China has 1/2 the politicians in Washington and the world in their back pocket.
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