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Dollar Drops as China to Diversify Holdings
MoneyNews ^ | November 10, 2006

Posted on 11/10/2006 8:33:03 AM PST by GodGunsGuts

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To: durasell

I have nothing against low prices. As I told Gslob, I am against trading with Communist countries on moral and national security grounds. We also can't compete with slave labor. Rather than containing Communist revolution/expansion, we are subsidizing it.


121 posted on 11/13/2006 8:47:10 PM PST by GodGunsGuts
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To: Toddsterpatriot

You pose some interesting arguments. I don't have the time to do the homework, though plenty has been written on the subject.

See, but here's the thing: In the world according to Todd everything is fine. Just humming along daddy.

However, in the real world, folks are really feeling the squeeze. Not vague anxiety due to media hype, but an actual in-the-bones fear of what the future may hold for them and their children.

This is the kind of fear that pols ignore at their peril.


122 posted on 11/13/2006 8:53:45 PM PST by durasell (!)
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To: Toddsterpatriot

...one more thing, there's a reason why a half-wit populist like Lou Dobbs has resonance for a lot of people -- because he's among the first guys to come along and say, "Hey, something is screwy here and it isn't your fault."

The next guy to come along won't be a halfwit. He'll be a guy who really targets those fears and he'll rip the system apart.


123 posted on 11/13/2006 8:56:23 PM PST by durasell (!)
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To: Toddsterpatriot

http://www.epinet.org/content.cfm/briefingpapers_bp149


124 posted on 11/13/2006 8:59:01 PM PST by durasell (!)
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To: durasell
In the world according to Todd everything is fine. Just humming along daddy.

Where did I say that? I only asked for proof that jobs were actually lost. Can we improve the way things are humming along? Sure. EPI probably doesn't have the answers you'd like. Or that would work.

This is the kind of fear that pols ignore at their peril.

Obviously the only way for conservative politicians to survive is to act like liberals. How well did that work last week?

125 posted on 11/13/2006 9:03:43 PM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: durasell
...one more thing, there's a reason why a half-wit populist like Lou Dobbs has resonance for a lot of people -

He speaks their language, half-wit

- because he's among the first guys to come along and say, "Hey, something is screwy here and it isn't your fault."

It isn't your fault. I heard that before somewhere.

126 posted on 11/13/2006 9:05:18 PM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: durasell
EPI? Again? Nothing good on the CPUSA website?
127 posted on 11/13/2006 9:05:58 PM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: Toddsterpatriot

The pols can't stop the outflow of jobs to China at this point anymore than they can stop the influx of illegals.

Let's be very clear here. These are large, very complex forces at work. The world is re-making itself and a lot of folks are going to get hurt. They'll grow old and bitter waiting for things to return to the way they "should be" or "used to be."


128 posted on 11/13/2006 9:08:17 PM PST by durasell (!)
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To: GodGunsGuts

Am already doing it, but one person is a drop in a bucket.


129 posted on 11/13/2006 9:20:07 PM PST by GSlob
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To: GSlob

I try to do it too, but it is getting increasingly difficult to NOT buy good made in Red China.


130 posted on 11/13/2006 9:36:33 PM PST by GodGunsGuts
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To: GodGunsGuts

Which nation produces oil & gas, produces gold, has large foreign currency reserves.... AND would benefit most from USD being dislodged as the world's top reserve currency? With it being replaced by gold and the Euro.


131 posted on 11/13/2006 9:53:46 PM PST by dennisw ("For out of the abundance of the heart the mouth speaks-- Matt. 12:34)
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To: GodGunsGuts
I try to do it too, but it is getting increasingly difficult to NOT buy good made in Red China.

Ever go into a Harbor Freight tools store?

132 posted on 11/13/2006 9:55:23 PM PST by dennisw ("For out of the abundance of the heart the mouth speaks-- Matt. 12:34)
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To: expat_panama

Great links. Thank you.


133 posted on 11/14/2006 5:28:17 AM PST by pfony1
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To: GSlob

What will "evil" China do?

FORECLOSE?

LOL!


134 posted on 11/14/2006 5:34:55 AM PST by pfony1
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To: pfony1

With their hoard of T notes they could cause disruption. And evil they are without "".


135 posted on 11/14/2006 5:52:37 AM PST by GSlob
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To: GodGunsGuts

When you said,

"We should not be sending wealth created in freedom to a Communist dictatorship no matter how tempting the returns."

you exposed your ignorance about the way our trade with China actually works:

(1) China sends us flip-flops.
(2) We pay with dollars.
(3) Some of those dollars (now owned by China) are invested in the US.

Can you explain how those actions "...send... wealth..." to China?

Didn't think so....


136 posted on 11/14/2006 5:59:03 AM PST by pfony1
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To: pfony1
Can you explain how those actions "...send... wealth..." to China?

Well, you see, the Chinese manipulate their currency so that it's undervalued by 40%. So you should have said that they send us $10 worth of flip-flops and we pay them $6. Like most schemes used by Communists, this is the best way to accumulate wealth. Make stuff and sell it for a 40% discount.

137 posted on 11/14/2006 6:50:43 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: dennisw
Which nation produces oil & gas, produces gold, has large foreign currency reserves....

The U.S.

138 posted on 11/14/2006 8:00:00 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: Toddsterpatriot

Try again.


139 posted on 11/14/2006 8:40:50 AM PST by dennisw ("For out of the abundance of the heart the mouth speaks-- Matt. 12:34)
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To: pfony1; dennisw; durasell
The point is they can buy things with those dollars. They can also flood the market and send the dollar spiraling downward should we ever piss them off, or if they find it in their strategic interests. We have become dependent on a Communist country for our manufactured goods, both in terms of consumer goods, and in terms of the kinds of goods manufacturers and marketers trade with each other. And we are quickly handing over the store to them in terms of technology. Read the following article and see if you can divine the dangers. In short, we should not be doing business with our mortal (COMMUNIST) enemy no matter how tempting (and artificially low) their slavish prices. I'm starting to think that some on this thread would deal with the devil himself if they could squeeze a few extra pennies of profit out of it:

http://www.inc.com/magazine/20050301/china.html#jump6
140 posted on 11/14/2006 9:00:18 AM PST by GodGunsGuts
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