Posted on 11/02/2007 5:23:12 AM PDT by Thorin
The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?
Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.
Is it all Bush's fault? Nope.
The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.
(Excerpt) Read more at worldnetdaily.com ...
Our ag sector is only 0.9% of our GDP.
When they actually own the design of a product that we want to buy that happens to also be manufactured by American corporations. Things like cars or cranes or commercial planes. We don't make cheap little kids toys, we just buy the ones that we think our kids will like.
Good question. Hedge doesn't even understand that companies and governments don't pay taxes; consumers and citizens do. Sounds a lot like the mindset, such as it is, of a person wholly dependent on government. I think you've uncovered her connection to CISPES.
Closer to 36% of the deficit last year.
In what is seen by many as a politically significant shift in strategy towards high-tech exports, the move into the growing Chinese market looks set to ruffle some feathers in Washington.
The Financial Times reports that Congress is said to be concerned by China’s growing influence on the US economy.
The plant is the first of its kind in Asia and will be located on the coastal city of Dalian with up to 1,500 workers expected at the site.
Intel is said to have gained a US export licence to manufacture older technology chipsets with circuit widths of 90 nanometres, despite some political opposition.
US rules normally restrict the export of technology that has potential military capabilities.
Speaking about the new wafer fabrication plant, technology analyst Rob Enderle told the Financial Times: “You’ve got to assume what they put in there will probably not be 90nm. That is just to get them started. What they will end up building will be more advanced.”
Intel already makes 65nm processors and is expected to reduce sizes to as little as 32nm by the time the Dalian plant begins production in the first half of 2010.
Negotiations between Chinese officials and the world’s largest semiconductor maker took several years before the plant was formally given the go ahead in February this year.
An announcement confirming the deal was made at a news conference in Beijing last night. ®
And OPEC and China will continue to sponsor the enviro-whackos so that we will never become energy independent.
Well stated
It's the oil/energy imports that are killing us these days. Our China trade deficit takes a back seat
The eco-wackos are killing us. We have colossal reserves of clean Western coal to dig up and make into electricity. If we really had balls we would be setting up pilot plants for coal conversion into diesel, jet fuel and kerosene.
But we have no leadership in Washington. We didn't win WW2 with free markets. We mobilized and that's what we need to do against Islam and for energy independence
>>Yeah, about like martin luther did.
Naive drivel pandering to people’s naivete.<<
Aint it the truth. Both men exposed to the truth to the ignorant an naive.
She didn't even respond to my comment in post #125 about her citizenship. She could be a South/Central American radical. It could explain her love for CISPES and other Communist movements.
Good post! It explains alot to the FTs.
Where are they assembled now? What makes you think they would move all that infrastructure elsewhere? Would you vote to empower government to force them to do something that may not be in their best interest?
If there is no tariff-level or dollar-value that would make you happy, then the problem isn't tariffs or the dollar, now is it?
Pat nails it.
What kind of nonsense is that? Consider what you just wrote: you think free-traders don’t understand we import oil? What does the word “trade” mean?
Detergent is manufacturing? /willie green off
The Financial Times reports that Congress is said to be concerned by China’s growing influence on the US economy.
The plant is the first of its kind in Asia and will be located on the coastal city of Dalian with up to 1,500 workers expected at the site.
Intel is said to have gained a US export licence to manufacture older technology chipsets with circuit widths of 90 nanometres, despite some political opposition.
US rules normally restrict the export of technology that has potential military capabilities.
Speaking about the new wafer fabrication plant, technology analyst Rob Enderle told the Financial Times: “You’ve got to assume what they put in there will probably not be 90nm. That is just to get them started. What they will end up building will be more advanced.”
Intel already makes 65nm processors and is expected to reduce sizes to as little as 32nm by the time the Dalian plant begins production in the first half of 2010.
Negotiations between Chinese officials and the world’s largest semiconductor maker took several years before the plant was formally given the go ahead in February this year.
An announcement confirming the deal was made at a news conference in Beijing last night
To sell in China Intel has to open up a plant there and share technology
Beyond "sharing" technology the Chinese will be stealing technology from the shop floor and everywhere they can in that factory
It's the cost of doing business in ChiCom land
I am a programmer.
I’ve seen a (lot) of co-workers walk out, carrying their things in a box. For 10 years now.
Wave, after wave of layoffs. Those jobs are gone - outsourced. Those talented former tech geniuses, now doing whatever they can find.
Forever.
It’s happening.
Open your eyes
Stop whining. You sound like a 1950s union steward, or Sally Fields in one of her godawful movies from the 80s.
The fact is that there are people in the world who will do your job for less money. Unless you can suggest a reason why someone should pay you more money, businesses are going to gravitate to the lower cost.
Would you buy your TV at Best Buy if Wal Mart had the same thing for $200 less?
I didn't think so.
Patriotism used to be a sufficient reason to keep jobs in the United States. That it no longer is is a mark of how far we have fallen.
Check post #109.
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