No American built products?
LOL!
Posted on 10/04/2007 7:07:18 AM PDT by SJackson
No more than Warren Buffet does.
I enjoy a strong dollar because it makes imports, including oil, cheaper. A weaker dollar makes our exports more competitive. Personally, if the dollar gets weaker my higher costs are offset by an increase in a portion of my stock holdings.
It's not rocket science, but is still too complicated for you to understand. So whine some more.
The Chinese currency peg allows them to export inflation to us? You'll have to explain how that works.
If we were using the “same currency”, then actions taken by the Federal Reserve would ripple through into the Chinese yuan.
Fed actions do impact the Chinese.
Since it is clearly obvious that actions by the Fed do not do this, there is no basis in fact for “all intents and purposes we are using the same currency.”
If their currency is pegged to the dollar, how are we using different currencies?
How much did we borrow from foreigners to do that? How much did you borrow from foreigners?
What crap. Japan and Korea are doing very well and China's GDP is growing near 10% each year
And yet, the US has higher GDP per capita than these more protectionist countries.
Really? How much did they buy last year?
The IMF reckons that if the Yuan were truly floated, it would be trading at about 2.095 yuan to $1.00, not 7.51:1.
I hope you don't risk a large chunk of your capital based on the IMF.
I bought an old house in the late ‘90s, and along with it came a wood shop still full of tools. The old man from whose estate we bought it was a furniture maker. Some of the electric tools are now 50(!) years old or older and when you plug them in and pull the triggers, they sound very good, and they work fine. I have a 30 year old Milwaukee power saw (I bought it new) that still works great. All U.S. made.
I’ve got a couple boxes of junk tools, too, made in the last 15 to 20 years. U.S. name brands, but foreign made. Junk.
The little girl is still running away. I hope she’s okay. LOL!
That's funny! That's why their operating income is a massive 5.88% of revenues.
Which charge? The charge that he knew more about trade than Will88?
Maybe you should read my post again. Your knee jerk is impeding your ability to comprehend. I was responding to this comment:
To that comment I replied:
Are you saying that cheaper imports have not allowed American consumers to keep more of their money? If so, you'd have to explain how lower prices cost us more. Have at it.
Do you think that low inflation has a positive or negative effect on purchasing power? Higher inflation erodes purchasing power. Cheaper consumer goods tempers inflation and allows consumers greater purchasing power. These things allow us to keep more of our money for other purposes like investing in education for our kids and retirement. Pretty basic, really.
No American built products?
LOL!
I am pretty sure protectionist (northen) Europe has reached parity with usa on income. Plus thiers is going up while ours is going down. Numbers most certainly on thier side for middle/working classes, maybe not so much for the very rich.
But we're much richer than they are thanks to a freer economy. What I don't understand is why you continue to come to these threads and spout the same nonsense over and over again knowing you're going to be proven wrong over and over again. Have you ever read the definition of insanity?
You're not a member of Mensa either, are you?
Japan is a rich country. America is richer. Dolt.
You're wrong.
She does look cute in that pink skirt while running in circles and screaming the sky is falling. Too bad she never went to school.
"Pretty good shape" is not the same as having the same or higher GDP per capita as the US.
Yeah so we’re richer than Japan but Japan is sill very rich. Japan is a unique and wealthy nation. Dittos for Korea and Taiwan and they are all protectionist. You are dead wrong about protectionism. Done intelligently it’s a very good way to go China does it has a very good growth rate
You free trade ideologues are crazy. You even rail about alleged protectionism by the United States which runs up an 850 billion dollar trade deficit. Amazing and stupid is what your theories are
You are debating a hypocrite who invests in foreign currencies while advocating moronic “free trade” policies that drag the US dollar down
Out sized trade deficits will trash any currency. Just give it time. Same as your credit score gets trashed when you don’t pay mortgages, credit cards etc etc
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.