Posted on 08/09/2006 8:54:06 AM PDT by Incorrigible
hehehehehehehehehehehehehehehehehe
bttt
Is that why our real per-capita income and productivity continue to increase? In your world of darkness, the US wouldn't be a world leader in just about every area of technology; but we are. We also wouldn't be the engine for the world economy; yet we are. I still don't understand why you continue to try and equate the freedom to trade with illegal immigration. No rational person buys into that lame association.
Whoa! You mean I pulled a hedgetrimmer?
I'd be happy just to get the number of years the chart covers right for once on the thread. LOL
LOL
Did you check out her link?
The Japanese company, with North American headquarters in Nashville, Tenn., said it had not been served with the lawsuit, but said the claims were "completely without merit.' Bridgestone Firestone North American Tire is a unit of Bridgestone Corp.
She's right, can't trust them foreigners. LOL!
Apart from all that, I'm willing to let the court case play out . . . I'm reluctant to treat allegations as proof.
Yes. On paper. And that doubling you talk about is manifestly paper inflated valuations.
The evidence is in our shriveling industrial capability which is again masked by inflation and double book-keeping.
Ask yourself, what can we actually make with that paper if, over time, we have dismantled the factories that were the basis for the accumulation of that paper...relocating them and their critical tooling to China. And our own ability to maintain our weapons is now at risk, as even the talent pool has been allowed to dissipate...without indigenous U.S. replacement of a new and capable generation being trained and allowed to step up, as reported by the Defense Sciences Board last year.
And our own energy resources are held captive to Enviro-NAZIs running the U.S. Senate, and the States of California and Florida in particular.
There is a game of economic musical chairs being played, and the Giant U.S. "Gulliver" is being tied down by Lillipution phoney "Free Traders" and Chi-Comm Agents, Dupes and Fellow Travellers for no good end.
And it isn't like something like this hasn't happened before. It happened to England. No ifs, and no buts. It happened to England. They tried to pull out of their industrial tail-spin during WW-I but found in many industries it was just too late, and industrial re-constitution just could not be successfully achieved.
The other issue with all the manufacturing plants offsoring is there isn't any EPA in these countries. The environmental laws cripple manufacturing in this country.
Not if they aren't accepted. This too has happened in countries before. The Bannan Republics could no longer issue their own debts...and had to buy European and U.S. debt monetized in their home currencies. Hence, after a crash, the ongoing continuing debt operation will no longer be able to be monetized in dollars for the fresh capital the phoney free traders keep insisting we need to be borrowing.
You just like to hear yourself talk, don't you? You never add any information to the discussion. At least no correct information.
Excuse me, but this sounds like you talking about yourself, as usual. Pretty bad case of "projection", Todd. You need help.
So according to your own charge from '94 to '04 wages went up less than a dollar an hour in ten years...and yet the costs of most everything such as houses and food has easily more than doubled...
Feel free to post price inflation figures for the same period.
Of course dollars will be accepted for dollar debt. You really shouldn't try to post about markets or economics. Your ignorance is just too obvious.
Pretty bad case of "projection", Todd.
All of your "facts". All of your reasonings. All brought to nought.
China isn't doing this to deliberately depress their currency against the dollar, but to prop it up. China's economy is so backward that the yuan is a worthless currency on the world market except for the fact that it has a defined relationship with a stable currency like the U.S. dollar. Most people believe that the yuan would rise in value against the dollar if it were de-linked from the dollar, but it would probably collapse instead.
I believe your view is a delusory-construct...one that is counterfactual... to maintain your continued dogmatic indifference to the need to respond intelligently to China's manipulations.
Silmilar degree of doctrinaire intransigence prevented England from correcting its dogma in the face of reality...untill too late, until finally WW-I forced them to try and rebuild their industry.
The facts are that China spends US$195b to maintain yuan peg That is $195 Billion each year to manipulate the currency DOWN. Not prop it up. Hence it is accumulating massive trade surplusses and foreign currency account surplusses.
If they were trying to prop it up, they wouldn't have either of those surplusses.
Nope.
You really shouldn't try to post about markets or economics. Your ignorance is just too obvious.
Projecting again, Todd.
Especially when you say this: All of your "facts". All of your reasonings. All brought to nought.
Indeed, you have been confounded...and mostly by your own side. Your economic ignorance of Bananna Republics, or England's free trade historical experience, as prehistory and example shows that you have never been a serious student.
Indeed, but not the way you think... phoney free traders = Mother Lode of Economic Ignorance.
Our real household net worth in 1945 was $6 trillion. Today it's $54 trillion. Is that increase all paper inflated wealth too? LOL You have a real talent for tunnel-vision.
The evidence is in our shriveling industrial capability
Because we manufacture more now than at any other time in our history?
which is again masked by inflation and double book-keeping.
You believe inflation is higher than what's being reported?
..the Giant U.S. "Gulliver" is being tied down by Lillipution phoney "Free Traders" and Chi-Comm Agents, Dupes and Fellow Travellers for no good end.
The free traders continue to wait for all these negative consequences to manifest themselves somewhere in our economy. No sign yet, but we're a patient bunch. Our military strength is predicated on our economic strength. How hurting the latter will help the former remains a mystery.
It happened to England. No ifs, and no buts. It happened to England. They tried to pull out of their industrial tail-spin during WW-I but found in many industries it was just too late, and industrial re-constitution just could not be successfully achieved.
England's economic tailspin was caused by the very protectionism you're advocating. If we've learned anything from history we'll run fast and far from your suggested remedies.
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