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China to U.S. on Currency Revaluation: Drop Dead
AmericanEconomicAlert.org ^
| Monday, November 22, 2004
| Alan Tonelson
Posted on 11/24/2004 8:27:59 AM PST by Willie Green
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To: Willie Green
US to JAPAN:
Here you go 300 ICBM and get a moveOn those Nuclear reactors.
US to China, Drop dead!
To: Willie Green
And this is news? They been saying that for years. When G7 met a couple months ago they said it.
3
posted on
11/24/2004 8:31:28 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: Willie Green
I would love to see us be able to revalue their currency for them...this would cause Chinese import prices to skyrocket, force Walmart to its knees and force a reordering of the global order. I used to support free trade. We were told that steel was too expensive when we produced it...let the Chinese do it cheaper--"good for business". Now China's economies are so overheated that the demand for steel is as never before, forcing prices higher than ever. So much for the price advantage of Chinese steel.
4
posted on
11/24/2004 8:38:15 AM PST
by
montag813
To: montag813
Note: Wal-Mart is now the second largest employer in the U.S. A lot of car payment and house payments are made with "wal-mart salaries." A lot of groceries are bought with wal-mart pay checks.
5
posted on
11/24/2004 8:41:55 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: durasell
A lot of taxpayer dollars are spent subsidizing Wal-Mart wages...
To: radicalamericannationalist
That's true, too. But if you say it too loudly, then people will just say that those gov't benefits should be cut.
7
posted on
11/24/2004 8:45:15 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: Willie Green
well, they can be persuaded.
8
posted on
11/24/2004 8:47:03 AM PST
by
the invisib1e hand
(if a man lives long enough, he gets to see the same thing over and over.)
To: durasell
A lot of car payment and house payments are made with "wal-mart salaries." A lot of groceries are bought with wal-mart pay checks.Zero down, 99 years to pay, 24% APR.
To: Willie Green
Shhh. If businesses are doing it, it must be right. Don't you know about the "invisible hand?" I think it was in the Bible.
The U.S. needs to focus on it's domestic economical security, and people need to start spending their money on AMERICAN made products, especially automobiles, appliances, and larger-cost products like this, which in turn will eliminate Foreign prosperity on these items, and increase production, jobs, and other economic factors within the U.S.
11
posted on
11/24/2004 8:52:12 AM PST
by
Legion04
To: radicalamericannationalist
The "invisible hand," I believe, was Adam Smith.
12
posted on
11/24/2004 8:52:46 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: radicalamericannationalist
Don't you know about the "invisible hand?"No payments until after Xmas?
To: Willie Green
Economists do it with invisible hands...
14
posted on
11/24/2004 8:56:50 AM PST
by
durasell
(Friends are so alarming, My lover's never charming...)
To: Willie Green
The current crop of Chinese communist leaders will pay for this mistake by being relieved of duty within a few years.
I'm hoping it's relatively peaceful, like when the U.S.S.R. imploded.
15
posted on
11/24/2004 8:59:50 AM PST
by
jdsteel
To: durasell; radicalamericannationalist
Don't you know about the "invisible hand?"It's the one that Wal-Mart pickpockets use to steal us blind!
To: Willie Green
There has been a global loss of confidence in the dollar, dropping 5% in the past 30 days. There is a run on the dollar at Beijing banks as Chinese dump their dollars paying a premium for the yuan.
As in the late 70s, anybody who holds dollar denominated assets is a fool.
But all is not lost. There is an upside in going the way of Argentina. An opportunity for a new beginning.
BUMP
17
posted on
11/24/2004 9:00:45 AM PST
by
tm22721
(In fac they)
To: durasell
Yes, I just looked and saw that my sarcasm tag was not included in the post. My point is that for some conservatives, economic theories developed for a world centuries passed have taken on the authority of revealed truth.
To: Legion04
The U.S. needs to focus on it's domestic economical security, and people need to start spending their money on AMERICAN made products, especially automobiles, appliances, and larger-cost products like this, which in turn will eliminate Foreign prosperity on these items, and increase production, jobs, and other economic factors within the U.S.Then American workers need to start making something other than overpriced crap.
19
posted on
11/24/2004 9:02:49 AM PST
by
Poohbah
(Crush your enemies, see them driven before you, and hear the lamentations of their women!)
To: radicalamericannationalist
Drat. It appears my sarcasm tag did not get posted in this. For everyone who wants to point out my "ignorance," I know that Adam Smith coined the term. Sadly, it seems that some elements of conservatism have taken Smith as a revealed truth and not an economic theorist whose philosophies were developed for a world centuries past.
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