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A looming financial disaster for the Federal Givernment.
harpseal | August 17, 2003 | harpseal

Posted on 08/17/2003 8:19:16 AM PDT by harpseal

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1 posted on 08/17/2003 8:19:17 AM PDT by harpseal
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To: clamper1797; sarcasm; BrooklynGOP; A. Pole; Zorrito; GiovannaNicoletta; Caipirabob; Paul Ross; ...
ping

On or off this list let me know
2 posted on 08/17/2003 8:20:14 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: harpseal
Since the beginning of this mad rush to China I have argued that when they had what they needed, they would simply nationalize the industries and come after us.

Without removing pretty much our entire beauracracy from power immediately, and starting over, there doesn't seem like much can be done. The present structure is made up almost entirely of traitors and/or idiots.

Siezing the foreign companies within China is a great boost for them. Siezing those companies at the same time as bankrupting their number one enemy is just wonderful - for them.

3 posted on 08/17/2003 8:31:11 AM PDT by the gillman@blacklagoon.com (Our government is either with us or against us.)
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To: harpseal
OPIC is the gun to the head of the Feds to play kissy face with POS foreign nations. Such as China. (I have nothing against the Ch. people in the abstract). OPIC is a part of the reason we played footsie with ChiComs when they forced down our intel gathering airplane 2 years ago.

No one knows about OPIC and the Feds and transnational corporate traitors love it this way. No one will ever want to rock the boat with China and Mexico and make large, outrageous, embarrassing OPIC payouts necessary. The American public would be very angry that their job losses are subsidized by the supping_at__the_public_trough crowd in DC.
4 posted on 08/17/2003 8:32:50 AM PDT by dennisw (G_d is at war with Amalek for all generations)
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To: harpseal
remove from list
5 posted on 08/17/2003 8:45:18 AM PDT by ezo4
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To: harpseal
So what we are facing is some combination of the following the Federal Government having to increase spending to pay companies for their China investments alongside a lowering of value of those companies that are not getting full reimbursement, all of this as a result of Chinese nationalization of assets.

"Free trade" bump.

6 posted on 08/17/2003 8:50:19 AM PDT by A. Pole
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To: ezoeni
You are not on my list under this id.
7 posted on 08/17/2003 8:59:17 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: harpseal
You can bet that Diane Feinstein will be the first to appoligize to the Chinese, if the automakers don't sign over their patents and technology. She will also be the first to apply for tax payer restitution of her investments if they come after her assets.
8 posted on 08/17/2003 9:00:33 AM PDT by hedgetrimmer
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To: A. Pole
Let us not forget the effects of a devalued currency, the ability of the Chinese government to pick up any remaining technology by purchasing the now low proced American companies that have anything they want.

Now if after this the Chinses wish to place opbtacles to anyone from outside teh USA by denying access to their markets and technology gooten from the USA there is no one to stop them.

What they are doing would land tehm in jail if they were not a sovereibn nation outside US jurisdiction.
9 posted on 08/17/2003 9:02:59 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: dennisw
OPIC is the gun to the head of the Feds to play kissy face with POS foreign nations. Such as China. (I have nothing against the Ch. people in the abstract). OPIC is a part of the reason we played footsie with ChiComs when they forced down our intel gathering airplane 2 years ago.

Agreed.

No one knows about OPIC and the Feds and transnational corporate traitors love it this way. No one will ever want to rock the boat with China and Mexico and make large, outrageous, embarrassing OPIC payouts necessary. The American public would be very angry that their job losses are subsidized by the supping_at__the_public_trough crowd in DC.

Thank Jim Robinson for Free Republic.

10 posted on 08/17/2003 9:04:51 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: hedgetrimmer
Now since Diane Fienstein may well be merely an American representative of the PRC she may be personally immune from having her assetts nationalized but she will probably still seek money from teh taxpayer.
11 posted on 08/17/2003 9:06:26 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: All
Please think about these problems and post any ideas you have for solutions.
12 posted on 08/17/2003 9:07:57 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: LS
We disagree on many trade issues but on this you have posted you do not consider the Chuinese actions Free Trade. I would appreciate any input on how the US government should deal with any part of this problem.
13 posted on 08/17/2003 9:09:17 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: All
While it may feel good and improve morale among shareholders and taxpayers lynching teh CEO's who made these decisions will not be a solution to the problem and I do not approve or encourage such action.
14 posted on 08/17/2003 9:12:54 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: harpseal
Good article, harpseal.

Well, opic should be abolished. If it isn't, though, what would happen if China seized the assets of foreign factories there - would opic run out of money? Is there a cap on the amounts they pay to individual companies? Curious about the worst-case scenario.

15 posted on 08/17/2003 9:17:39 AM PDT by searchandrecovery (America will not exist in 25 years.)
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To: harpseal
With reference to your headline, the Federal Government is a financial disaster.
16 posted on 08/17/2003 9:23:55 AM PDT by FreePaul
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To: harpseal
It is indeed a problem.
Pretty soon all we will have here is McDonalds and the support industry to supply it.
So, looks like we may all become butchers, bakers, sliced cheese makers!

And to think we used to worry so much about Japan encroaching on our turf and buying up all our factories and real estate.

The big problem with China began...IMO.... when we started dismantling our defunct foundries and shipped much of our heavy tooling and dies and machinery to the Far East.....at pennies on the dollar they purchased our good old production machinery.
Then they took our machines and used them to produce a heavy industry that now seems to rival the USA in its heyday.
And they have two great resources:
A massive intelligent personnel workpool.
And a abundance of coal reserves which they are not afraid to use (no 'green machine' there to squack and complain).

Looks like the next 'superpower' is arising. A generation or two and they may now surpass us in productivity and technology.

Oh well, we will still have McRib's for supper!


17 posted on 08/17/2003 9:29:39 AM PDT by joanil
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To: searchandrecovery
If it isn't, though, what would happen if China seized the assets of foreign factories there - would opic run out of money?

When China seizes the assets, as they have publicly floated this proposal already, there is insufficient documentation to determine the magnitude of the payout.

Is there a cap on the amounts they pay to individual companies?

There is no documentation on any cap in the amount of payouts except teh total ammount of investment at risk.

Curious about the worst-case scenario.

That is what I am trying to get some hard numbers on.

18 posted on 08/17/2003 9:32:20 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: joanil
I agree on the nature of the problem now lets se if we can come up with a proposed solution.
19 posted on 08/17/2003 9:33:53 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: searchandrecovery
would opic run out of money?

Since OPIC is a part of the Federal Government and its insurance policies are backed by teh full faith and credit of the US government in that sense they can just print more money but then the uSA runs the risk of hyper inflation similar to Germany in the 1920's. of course we will not be printing money to satisfy reparations imposed by athe treaty of Versailles we will be doing it to pay off Chinese seizure of assets to tehpeople who decided to place assetts at risk in the first place. Oh yes we could alternatively raise taxes to pay off this obligation How would you feel about a 99.9% income tax rate with no deductions? At least we would have a flat tax.

20 posted on 08/17/2003 9:39:28 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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