i can hardly wait for the us gov't to default on its loans and leave china holding the bag. you would think that communists would be smarter than to invest in socialistic programs!
Jiang and the other octa-thugs should look to thier southwest for some renegade provinces. Lobelt Mugabe call home!
Such is the legacy of a debtor nation that negotiates one way trade deals that inures to the benefit of the other side. The Chickens are coming home to roost.
Right, Dorothy, click your red shoes together and keep saying, "China's Taiwan Province, China's Taiwan Province"--
[China, Delusional Loser; China, Delusional Loser. . . .]
I don't know about that. Would you nuke your bank?
TRADE DEFICIT: Formally termed a balance of trade deficit, a condition in which a nation's imports are greater than exports. In other words, a country is buying more stuff for foreigners than foreigners are buying from domestic producers. A trade deficit is usually thought to be bad for a country. For this reason, some countries seek to reduce their trade deficit by--
- establishing trade barriers on imports,
- reducing the exchange rate (termed devaluation) such that exports are less expensive and imports more expensive, or
- invading foreign countries with sizable armies.
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Wealth is created only by engaging in value-added activities. By the same token, Service sector activities do not create wealth, they merely transfer, redistribute and eventually dissipate wealth as consumption. Thus, as value-added activities move offshore and the U.S. labor force shifts to the Service Sector, wealth is dissipated, not created. And the U.S. standard of living declines as a result.WEALTH: The net ownership of material possessions and productive resources. In other words, the difference between physical and financial assets that you own and the liabilities that you owe. Wealth includes all of the tangible consumer stuff that you possess, like cars, houses, clothes, jewelry, etc.; any financial assets, like stocks, bonds, bank accounts, that you lay claim to; and your ownership of resources, including labor, capital, and natural resources. Of course, you must deduct any debts you owe.
VALUE ADDED: The increase in the value of a good at each stage of the production process. The value that's being increased is specifically the ability of a good to satisfy wants and needs either directly as a consumption good or indirectly as a capital good. A good that provides greater satisfaction has greater value. In essence, the whole purpose of production is to transform raw materials and natural resources that have relatively little value into goods and services that have greater value.
SERVICE: An activity that provides direct satisfaction of wants and needs without the production of a tangible product or good. Examples include information, entertainment, and education. This term good should be contrasted with the term good, which involves the satisfaction of wants and needs with tangible items. You're likely to see the plural combination of these two into a single phrase, "goods and services," to indicate the wide assortment of economic production from the economy's scarce resources.
Anyway, what did we learn from the Japan "threat?" That the Japanese were putting their money here because it wasn't safe/secure THERE. It was a flee from tyranny, not a takeover attempt, which simply can't happen, especially from a still-3d world country such as Com. China.