Posted on 09/22/2004 10:35:07 PM PDT by Destro
Slave trade in China is booming... Europeans must see a lot of money in the land of bondage... they always have.
I guess it's time to plant that Victory garden I've been planning.
Eye popping but not suprising. Of course no one talks about these things in Washington in public much these days it seems.
I see lots of dollars flow to China as well as European ones.
Ping
We are taking OVAH....
The question is, how much the "foreign investment" in China is American money?
Probably a whole lot?
This can not be true because the free traders told us just the opposite was happening.
They have so much money now they are going to do this:
Report: China considering US$12 billion investment in Russia
Premier Wen Jiabao will discuss possible Chinese plans to invest up to US$12 billion (euro 9.8 billion) in Russian energy industries during a visit to Moscow this week, a Hong Kong newspaper with close ties to Beijing said Tuesday.
The report came as energy-hungry China appealed to Moscow to see that oil giant Yukos meets commitments to Chinese customers, after the troubled Russian company suspended some exports.
During his three-day visit starting Thursday, Wen will discuss bilateral issues with Russian leaders, and Moscow's bid to enter the World Trade Organization, the Wen Wei Po newspaper said. It didn't give a source for the information.
"The two countries might also reach agreement that by 2020, China will invest US$12 billion in Russia's energy resources and infrastructure," the newspaper said, without giving more details.
http://asia.news.yahoo.com/040921/ap/d8580dgg0.html
From what I understand China doesn't keep books. Nobody wants to mess with China when it comes to accountabilty.
Lawyers have badly damaged this nation.
Agreed, but how have they empowered China? I don't doubt they have, I just can't think of anything direct off the top of my head.
Lawyers? Blame everyone but the source of it all - free traders.
Well, somebody has to manufacture all our necessities at dirt cheap prices with slave labor. It's a dirty job, but somebody has to do it.
/Sarcasm
It certainly is. Do you think it means maybe we ought to examine our climate for capital formation. Or should we continue to swim around in a burst bubble while Kerry deludes himself that we can inflate a new one by taxing the rich?
I don't like trade with no tarrifs; for a powerhouse its like running a half full bathtub with the drain open and expecting it to fill. It doesn't; eventually it becomes empty. America is slowly losing its edge while her competitors advance on us.
But lawyers make the cost of business way to high. That drives up costs and prices.
You know what else is interesting? If this money is leaving America for China then this activity actually lowers the trade deficit that the economic-know-nothings always clamor about. "How?", you ask. Because the net capital outflow of a single country is equal to its net exports.
So, why all the bitching? Isn't the trade deficit the worst thing imaginable? I could swear that that's what I read all the time from the same doom -n- gloom FReepers here. You guys really need to take a stand on which way you want it. You doin't get something for nothing!
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