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To: CanadianFella
Scenario 1: I exchange 500$ for a television with a Chinaman. He then exchanges 500$ for western clothing with an American.
Scenario 2: I exchange 500$ for a television with a Chinaman. He converts them to Euros and buys a German blender. The Japanese money-changer who bought his USDs buys American clothing for 500$.

A fertile imagination can concoct many ludicrous scenarios.
The reality is that the American Textile Industry is being obliterated.
Do you have any other bright ideas???

5 posted on 06/19/2003 9:50:19 AM PDT by Willie Green (Go Pat Go!!!)
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To: Willie Green
The textile business is gone.

All of our production has gone to China. Check your labels.

The NYSE listed company I work for used to manufacture about 90% of our garments in the U.S. using approximately 75% U.S. textiles. That was ten years ago. Today we manufacture about 95% of our product overseas.

The Chinese aren't buying ANYTHING, THEY ONLY SELL!
8 posted on 06/19/2003 9:59:00 AM PDT by Weimdog
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To: Willie Green
A fertile imagination can concoct many ludicrous scenarios.

Yeah it's really ludicrous to imagine a chinaman buying a german blender. outlandish! You are so full of it, you don't have a single argument against my post.

The reality is that the American Textile Industry is being obliterated.

I can see you at the beginning of the century saying how the nation's future depended on the survival of the buggywhip industry. bull**** then, bull**** now.

Do you have any other bright ideas???

Yeah, read "Hidden Order" by David Friedman

10 posted on 06/19/2003 10:04:25 AM PDT by CanadianFella
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