Posted on 06/16/2012 7:02:00 AM PDT by SeekAndFind
China’s “trend lines” have been to eat the planet’s manufacturing appetite.
Now they own it all, they’ve slowed eating.
It turns NONE of it around. Zero.
China has nothing over us in a sense. We are consuming less; China’s largest customer is the EU and they are consuming less. They are screwed right along with us in the slowdown.
China’s wage rates and standards of living have been increasing and increasing manufacturing costs. A number of American companies have been “onshoring” and bringing manufacturing back to the US because e cost advantages are not there anymore.
You of course have names for these companies who have ‘returned’ to America?
Yes?
China needs a strong growth rate just to maintain civil tranquility. If they fall below 8% growth, they will fail to meet expectations of those billion people. Though the growth rate seems high by our standards, their per capita net worth is a great deal less than ours.
The Chinese leadership is acutely aware of the political risks if they can not meet expectations of their people.
“The unemployment in China is about 5%...Where did they get all those jobs for hundreds of millions of people???”
We have been exporting and importing less wage inflation for decades.
we have exported wage inflation to China in return for cheaper goods with a loss of domestic jobs, and we have imported wage deflation by allowing uncontrolled immigration through our borders, both taking jobs from wage earners here.
So how come then, if China is allowed to run a lower than anyone 5% tax rate, and keep controlling interest in the things they make, and sell to foreigners?
How come than, China still does not allow foreigners to own things, or import things?
How come we give, and give and give, and China takes, and takes, and takes?
Hmm? When this started we were in charge of the world.
Now we’re heading into nothing...
Who’s making the decisions, and why aren’t they wrong?
Because from where I stand, they (ALL) appear wrong.
The G20, the G8, the Bilderbergers...The World Bank, the International Monetary Fund, the Federal Reserve, the Council on Foreign Relations and the list goes on and on...
These are the filthy rich and powerful of the world...
In their eyes, it's not wrong...They are looking at the world like we Americans look at the United States...
To them, we Americans are no different than the Chinese or the Ethiopians...They have no tangling sovereign alliances...
And every 4 years they pick a couple of people for us to blame our problems on and we get appeased by voting for or against our favorite of the 2, forgetting or not even knowing that our choices are on the same team...
We've had some chances over the years to win back our Country but those in power have found it easy to manipulate the masses...
There’s this new thing called “Google” that you should try out. But in case it’s too difficult here’s one article that I found. It took 3 seconds:
http://www.dailyfinance.com/2012/01/25/signs-of-a-new-industrial-age-in-america/
Oh and another company is my own.
Hope it doesn’t take 20 years...
That will be too late.
Thanks for the ping.
China’s intellectual property theft is another reason. They are taking the designs and tooling drawings and assembly instructions to a factory down the street to build your same product but without giving you any money for it.
“My theory is that the US economy is the world’s economic driving force and socialism doesn’t work.
Or free markets drive the world economy and there currently aren’t any.”
I agree. Although there are multiple factors, if you look at historical periods of growth and prosperity over the past 150 years, you can identify commonalities that can be attributed to that growth. Then, look at today’s economic environment and you can see those very factors either absent or restricted by governmental actions/policies...especially those governments that stray from overt support of free market capitalism. The farther you get from free market capitalism, the slower the economic growth.
That’s my theory and I’m stickin’ with it, at least until and unless I see some data that will refute it from a macro-economic perspective.
Easy.
Because, unlike the ignorance and faith of the elected morons in Sacramento and D.C., the American citizens, alone, can't cure all the world's ills, support all the world's socialist parasites, feed all the world's starving children, or create democracies out of koranimals.
Just do the math.
Presidential material!!!
Steady lad, steady. The "sigh of relif" will come in the manner of someone who stops banging their head against the wall and says, "Boy, what a relief!" Compared to what we have now, Romney (who will not get my vote) will look great. This country has been driven down so much, that even a RINO will look good in comparison.
For a while anyway.
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I think it’s all part of an ongoing depression, where we have a series of recessions punctuated by artificial growth caused by stimulus. That’s really what is happening now—the stimulus is wearing off and the hangover is setting in.
And of course, the bigger the stimulus, the bigger the hangover. As the economy builds up a tolerance for stimulus, you need more and more of it to get any effect. We’ve had record doses of stimulus and we’ve barely had any kind of phony growth
You missed
Yoyodyne Propulsion Systems
What about China’s “Ghost Cities”? How many workers does it take to build blocks and blocks of apartment buildings, supermalls, etc. - but then they sit empty? Entire cities are like that. While obviously that makes the unemployment numbers look good, I would say that it is not productive work, and is not much different than welfare. (Paying someone and getting nothing useful back from them).
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