The Europeans are screaming but remember, they did it to themselves.

Citadel 84

[citadel84]

I know we aren’t supposed to post Vanities but I thought this would help clear things up.

[Pukin Dog]

I thank you for doing so. Great vanity.

[schu]

This period in time, +/- 5 years will go down as one where we had the highest standard of living, one can buy nearly anything and pay a near pittance compared to its value. My wife buys kids clothes, pays $10 for something that was untouchable for $25 not so long ago.

At some point things will come back into balance, we can hope this transition is gradual and peaceful, that is the real risk. We will also need to balance our trade deficit. But when the world has a nearly unlimited supply of unskilled labor, what are the choices?

[Wonder Warthog]

"I know we aren’t supposed to post Vanities but I thought this would help clear things up."

Well, it all sounds logical, but being a chemist and not an economist, I'll wait for the thread to develop to see further critiques.

[Pukin Dog]

Wild, isn't it? Yesterday at Home Depot, I bought a cordless electric drill.

FOR $10.00 !!!

For another ten, I got a complete set of bits. This aint real, and it will change, but for now I'm just whoopin it up.

[FreeKeys]

Very interesting. New Zealand's socialists slashed their regulations and welfare state after they just about bankrupted them. Won't the Europeans do the same, or are they so mired in Marxist thinking that it's "out of the question"?

[albee]

Great post!

It really boils economics down to it's basic principles.

[AmericaUnited]

Great writeup!

[TADSLOS]

And I thought this was a thread about Eurabia...

[lilmsdangrus]

btt

[AmericaUnited]

All the Walmart bashers don't understand that it's better for 10,000 consumers to pay $10 for something and all benefit, rather than pay $60 for some local union/American product and only a few benefit.

Aye-aye caption. Anti-China/Walmart flame suit and shields deployed."

[Citizen of the Savage Nation]

Good post. You even mentioned Supply and Demand, too, something those who really don't know much about economics but like to play experts on the internet seem to never mention much.

[citadel84]

It's a question of will, They will get with the program, someday..... But it will Hurt.

[Citizen of the Savage Nation]

The country of manufacture just transferred x amount of dollars of wealth to you in form of underpriced manufactured goods, aint it great?

[MEG33]

Very good vanity!

[MEG33]

I fear the latter..

[BADROTOFINGER]

And when Europe hits rock bottom and the French masters at EU HQ tell Germany to go take a flying fornication at a rolling donut, get ready to hear the sound of boots stomping across Europe AGAIN...JFK

[MEG33]

It's a holiday weekend..You may be safe.

[schu]

That's it, not real, it cannot last. But if you were the Chinese, what would you do? The capitalist cat is out of the bag, people are making a decent living and have a future they never dreamed about, even making $10/week.

We visited China during our first daughter's adoption, one of the translators, in her 30's told stories of catching birds and cooking them wrapped in mud so they had something to eat. Now she has a decent life, at least a chance, there is no way it can be taken away from her.

[Mamzelle]

Know a good chain saw for a lady who is not very strong but loves to clear brush and haul firewood? I'd be willing to pay for one that will start easily and not have so many tantrums. I have an electic one, but wish for a real one that I could manage all by myself .