Posted on 03/05/2010 1:32:25 AM PST by bruinbirdman
Actually if you think about it if they do what you’re laughing at in the right order, like first publicly announce a dump of treasuries (price goes down) then secretely buy them while they’re down. Later publicly announce that they’re buying again (price goes back up) and voila the people that bought secretely have a tidy gain.
I would not underestimate them. Wouldn’t it be interesting to know who’s involved in the secret buying??
The thing is that in the marketplace talk is cheap and money gets action. Sure, a chicom announcement might con someone into fiddling with a bid/ask offer the first time it's tried, but actual purchase patterns are what traders will follow. Traders aren't idiots --at least not the ones that stay in business very long.
I want to build up American corps that hire Americans here in the country so the money stays here - same idea as drilling our own oil and not sending the money overseas. Same concept.
China makes some decent stuff and they also make millions of tons of junk. They produce irresponsibly with heavy pollution and toxic chemicals in the products. I’m sure you’re aware of the lead in the paint, melamine in the pet food ingredients and the many other examples of contamination. Food stuffs they produce are especially suspect. Their heavy production also creates a great demand for energy which drives up global oil and energy prices. They’re using our money to build up their military arsenal which they may well turn on us one day. This is all above and beyond our jobs and economic issues I already pointed to.
Why the hell are we feeding this beast?
The misery of economic enslavement to China could be over except for clean-up in very short order if we control two things: taxes and labor unions.
Its a good bet; a winning one if we can get rid of Obama and co.
"It was better when we were less productive"
Hey let's wreck all the backhoes so everyone can lean on a shovel in the sun 10 hours a day and call it "work". It'll be great.
You first.
Luddites are idiots...
And those dang combines, got to get rid of them, so more millions of human beings can spend 12 hours a day breaking their backs sniffing the backsides of an ox pulling a moldboard plow.
Water systems waste so much possible labor hauling water by the bucket on poles.
Why can't we all get jobs turning mills by leaning against a pole and pushing with our legs instead of running all those work wasting power plants?
Life was perfect in Egypt, everyone needed every slave's labor...
The bond crisis happened in the winter of 2008 and it is over.
Income isn't falling, it has been maintained throughout.
The treasury debt is a safe as the bank of England - no safer.
There isn't the slightest remote prospect of any debt repudiation in the US. Fever swamp doom mongers in washboards on the street corner are crying the end is nigh because they haven't been obeyed in all things, but they are hysterics and fools.
All there is to it.
I think traders are more like a school of fish - they react in mass to any disturbance - they’re very skiddish. They would react to such a chinese announcement the same way they would to the Fed saying it plans on raising rates.
Idiots like you are 0bama’s best friend. The jobs aren’t there and the jobless will vote socialist meaning Democrat. In the end the wacko hyper-capitalists screw themselves unless they have connections in the socialist government. Like Goldman-Sachs does
Maybe we could mop up the excess labor with a massive leisure industry. Rather than doing make-work jobs at the DMV, they could be giving massages or serving pina coladas or putting a custom paint job on a restored ‘65 Mustang or making water skiis. Maybe we should make leisure/hobbies a higher priority.
We have been doing that for a few decades. Only problem is all that leisure and hobbies you mention are/were financed by massive borrowing. The leisure industry is dominated by consuming not producing.....so it seems to me
I disagree. In many respects the illegal immigration problem is similar to the illegal drug trade: they're both being driven by American demand.
There are a couple of reasons why we're being invaded by those folks.
First, because Americans are paying them to come here -- whether by giving them jobs, or government benefits.
And second, because they're a lot cheaper to hire than Americans are, especially in jobs requiring physical labor.
In a very real sense, illegal immigration is just another manifestation of the same economic forces that have driven corporations to send their manufacturing operations overseas -- we in-source labor, just like we outsource manufacturing.
When you look at it that way -- as primarily a problem on the American demand side -- the options and approaches for dealing with illegal immigration take on a different cast.
The solution ends up being coupled with the out-sourcing problem, and both are addressable by finding ways to decrease the cost of doing business using American workers.
There are plenty of open jobs and plenty of lazy people collecting unemployment too long not moving their tails to get them. Those too "proud" to do something low level get no sympathy from me. Be too proud to take handouts instead.
Yes but if we truly are excessively productive, then we shouldn’t have to fund our leisure through debt. It should come out of the excess of our productivity. If the problem is that we can’t afford our leisure, then it seems like we must not really have productivity to spare.
You have delusions of grandeur that lower income Americans are here to kiss your ass and work for peanuts
The real unemployment rate is about 15% so you can lie about all those open jobs but few will believe you
Like I said--
The hyper-capitalist phonies (you for example) are the socialists best friends. You are working for 0bama
The more productive we are the more wealth gets concentrated up at the top. This is the story of the last 30 years. The disposable income of average Americans is flat or down over the last 30 years. They don't have the money to spend on leisure that your plan would involve. Rich people like to spend on leisure but how much can one man or woman spend on himself?
#2-- Do you want to pay American workers what illegal immigrants are getting?
It's not a question of what I "want," it's just an observation of fact. Illegals will very often work for less than Americans ... and even if salaries were equal, they still cost employers less where things like benefits are concerned. (Although much of benefits cost is really just transferred to the taxpayers, who pay those benefits in the form of welfare, health care, schools, etc.)
But I'd also remark that there's a difference in expectations among illegal and American workers, especially in the low-end manual labor jobs. Illegals come from places where hard physical labor is common; Americans, since the advent of the Great Society programs, have had the option to go on welfare in some form or other.
I grew up in an agricultural community during the time when the Great Society programs took off. When I was in first or second grade, we always had a lot of migrant worker kids who stayed with us until the fruit was picked, then they moved on.
By 4th grade, there were no more of those kids; but there were a lot of former migrant workers who settled down in my town, and lived off welfare.
Not coincidentally, the illegal immigrant population began growing steadily at the same time....
Free men work. Losers whine instead.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.