Posted on 03/13/2006 6:35:44 AM PST by NormB
"We're seeing it in everything," said one of Mr. Bush's closest aides last week. "Iraq. The ferocity of an irrational argument over the ports. Guest workers. China and India."
(Excerpt) Read more at nytimes.com ...
The average CEO makes $11.8 million? No, the average compensation for CEOs of 367 leading U.S. corporations. I guess if you looked at more companies the ratio would be smaller and that wouldn't help the socialists who wrote the report.
Have no fear. Soon there will be no difference when...not if... the U.S. dollar collapses. We are coming to a confrontation with China which spells the end of their strategy of subsidizing the continued deficit-financed expansion of the Federal Government. The brou-haha over Iran could mean that we have an escalatory series of punitive sanctions which results in their rejecting our Treasury note offerings.
This typically runs close to $195 billion a year.
Once the dollar crashes...sans soft landing...your presumed 'lazy' U.S. workers...they will be lucky to get close to Chinese wages. Bannana Republic...here we come.
This typically runs close to $195 billion a year.
You need to reread the article. They do not buy $195 billion in US Treasuries a year.
The theme of globalism is a rising tide raises all boats, and if the the third world's standard of living can be raised through capitalism, war will be more or less unnecessary. Unfortunately, it's the age of instant communication, computers, TV, Hollywood on demand, so the farthest reaches of the world know we have dishwashers and cars. They want the same and they want them now. Their leaders say it's America's fault you don't have them, America is greedy; and they believe it. Those with turbans hate us, everybody else packs up and heads in our direction. Globalists elitists didn't factor in this small problem.
Interesting ad on TV early this morning...eastern MA. A local union, looked like teamsters, showed various, stunning conservatories they could build for you, add to an existing house or whatever. (One held a kitchen.) Absolutely gorgeous. The voice-over gave a phone number, clearly a carpenters' union, maybe plumbers, but I saw the teamsters' logo...and I thought, wow, they've decided to hike up their pants and go looking for business, like any other entrepreneur. Good.
The CFR and the rest of the globalists never took into account cultural differences among countries, including longterm corruption. They just assumed if we built factories in Mexico or Costa Rica, everybody'd work like little beavers and be happy. Africa and the Middle East aren't the only areas of the world that need a human genome boost.
Don't forget to store tuna fish and powdered milk under the bed.
Tell us what they buy.
China's central bank spent 1.61 trillion yuan (US$195 billion) buying foreign currency last year to maintain the yuan's peg with the dollar, a rise of 40 percent over 2003.
Let me know if you need me to explain the difference between foreign currency and U.S. Treasuries.
You still haven't said what they are buying.
China's central bank spent 1.61 trillion yuan (US$195 billion) buying foreign currency
You still haven't said what, and how much, they are buying in the U.S.
Still got that comprehension problem I see. You said, "The brou-haha over Iran could mean that we have an escalatory series of punitive sanctions which results in their rejecting our Treasury note offerings. This typically runs close to $195 billion a year".
The article you linked to did not mention US Treasury securities. If you'd like to know what they buy in the U.S., I suggest you find another article.
You are dead wrong. You do not know what you are talking about. You cannot simply pick up the phone book and call a contractor and pay the going rate.
You cannot even get an appointment with a contractor unless you want a whole house built even then they cannot suggest completion date because of the dramatic gap between work and workers (AT ANY RATE). Read my posts.
Unions used to provide training and certification programs. Without unions to preform that service to business, perhaps your employer should consider accepting some responsibility for training people for the jobs he needs to fill.
I don't know what the situation is in Florida, but a friend who owned a small nursing home needed some work done and called the carpenter's union. They maintain a list of retired carpenter's looking to pick up some work. They sent a man who was able to do a small remodeling jobs and worked as a handyman for her for years.
So you can't disprove a reasonable inference.
You're really trying hard to believe the nonsense, aren't you? Did you happen to see this:
Are you further supporting your conservative credentials by quoting propaganda from the AFL-CIO and the Institute for Policy Studies? LOL!!
..and most tellingly, does not put forth an alternative set of figures to show that CEO pay has not risen disproportionately faster than other pay grades.
The article goes on to say:
"But dividing $5.74 billion by 431 would leave average workers earning $13,318, which is too obviously ridiculous. The pamphlet instead claims "the average production worker made $27,460 in 2004." Also ridiculous and also ironic: Not one of the well-paid members of the AFSCME union is included in that so-called average. What is included is the weekly wages of part-time workers, which were then foolishly multiplied by 52 weeks."
Do you really need to know any more than this to realize that all this is agenda driven lying by lefty groups like AFSCME, the AFL-CIO and the Institute for Policy Studies? If so, maybe you should read the rest of the article.
That you cite and then defend these groups on a conservative forum, and then protest when someone questions your pedigree, is absolutely comical.
LOL!! Caught you in another mistake. If you think buying foreign currency (there is more than one currency, by the way) is the same as buying U.S. Treasuries, then you're sillier than I previously thought.
If you want to infer how much they buy in Treasuries, a good starting point might be an article about their purchases of U.S. Treasuries.
But then again, you always confuse their total foreign reserve holdings for U.S. dollar holdings. You could find an article that tells you how much they buy and you still wouldn't understand it.
You are the one "caught" LOL!
You can't prove your point.
China's peg is to the dollar. Not anyone else. Currencies plural is a convenient ambiguity. But basically a fictional ambiguity... It is the U.S. dollar that is the big enchilada here. The currency of their "main enemy" [ as officially described in all Chinese Communist military literature ].
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