<< <i>HERE IS A NEWS FLASH...WHEN THE ONLY WAY TO STAVE OFF ECONOMIC DISASTER CAUSED BY DEBT IS TO CREATE MORE DEBT OR INCREASE DEBT - WE HAVE ALREADY REACHED ECONOMIC DISASTER!!!! >>
This is my new tag line!
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
In Other News... The American Middle Class gasped it's last breath this year, as Corporate-DC decided to revoke the right to pursue the American Dream, citing an expiring Tax-Break that prevents further Oxygen Consumption outside Designated Corporate Air-Pools.
Some suggest this was all our fault & that the Middle Class was a Bad Idea from it's inception.
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
"If Lowe's wants to retail a vice for $6, then the vice will have $1.50 worth of materials. It will fall apart sooner then later. If they want a vice to retail for $25 it will be better made."
So...are the big box, national retailers the ones that are responsible for aggravating the china trade deficit? Just asking, not looking for a contest. If so, it seems that could be cured with a little tariff. Would that cause the historically underserved urban populations go into revolt if they lost access to cheap chinese products?
<< <i>There's not much here about the consumer's responsibility in all of this mess. >>
Part of the problem is that it's getting difficult to tell quality from junk. One's made to break and the other isn't. Paying higher prices does little good in getting better quality. They even sell crap at the grocery now. chicken is 15% water and sodium trypolyphosphate and fish is 50% water and garbage.
So you either stop eating fish abnd chicken or you buy crap. You can't get real beef any longer because its all corn fed and off quality except in the restaurants. They pay much less so get all the good stuff. The whole economy is turned upside down and greed rules everything.
<< <i>Bin Laden is dead. Time to dismantle Homeland Security. They can start there. >>
Homeland Security was not about Bin Laden, it was all about you and me. If you take a look at European Union countries whose debt has bankrupted them and who's currency is becoming worthless you can begin to understand why our own elite have been working for years to put protections in place. Protection for themselves from the population who will eventually take to the streets as they are doing in Greece, Spain and parts of the middle east. Public assistance, televisions and the internet will keep Americans passive for only so long.
<< <i>Who is going to implement a no fly zone over the US to keep US planes from bombing the US civilians when they take to the street? >>
Which will be the only place for the masses to complain they are not getting ENOUGH socialism, militaryism.
For those who have a different idea......well Expat Tax - U.S. Taxation of American's Living Abroad By Don D. Nelson, Attorney at Law, CPA Your U.S. Income Tax Obligation While Living Abroad As a U.S. expatriate residing abroad, you still owe U.S. taxes each year on your worldwide income! The stories you hear from some of your fellow expatriates sitting next to you at the bar that once you leave the U.S., you no longer owe any taxes.
That is true for citizens of some countries, but not of the U.S. Its even against the law to give up your U.S. citizenship in order to avoid U.S. taxes!
The U.S. has tax treaties with many countries in the world which allow them to exchange data on their citizens living in the other country for tax purposes.
The U.S. also has a few agents located in each country that are there to help U.S. expatriates with their tax questions and problems, but are suspected to also report on activities of U.S. expatriates which might not be included in their U.S. tax returns.
The IRS has paid bribes, and made other deals with foreign bankers and investment advisors to secure lists of U.S. people who have offshore accounts, and businesses in order to determine if those individuals are reporting their activities on their tax returns. The IRS will not release their statistics on the number of individuals living overseas who do file tax returns, but it is believed that a large number do not.
Did the Bahamas report on Charlie Rangel, I wonder? Our House of Representatives tax committee "chairman"? Some of these bozos need to meet up with their own karma.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Did the Bahamas report on Charlie Rangel, I wonder? Our House of Representatives tax committee "chairman"? Some of these bozos need to meet up with their own karma. >>
The Bahamian Constitution forbids any release of information about any business acct holders. Period.
U.S. government is not going to default in the traditional sense. The debt will be inflated away. This will not be the end of the world -- or the first or last time it happens. We forget the U.S. government also defaulted when it closed the window on redemption on gold and silver certificates (paper money) in the 1930s and 1960s.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
People talk about globalization as the enemy. In fact, globalization means that we won.
The world has finally figured it out: reducing taxes, reducing centralized planning, making free trade agreements and unleashing the enterprising individual means greater prosperity! We in the US told you so, we showed you how it was done, and by gawd (especially after the commies were unmasked and collapsed) y’all did it.
Well, poo. We didn’t think they would all REALLY do it. Things were much easier when we were the only people who operated that way.
Sure, different countries are doing it in different ways with varying residual controls, manipulations, protections and rule-breaking. But by and large, the results have been predictable: greater productivity, an astounding, unprecedented historic burgeoning of wealth and the lifting of millions (billions?) out of hopeless generational poverty, lower prices and a focus on making it as opposed to conquering and taking it.
The US experienced an historical anomaly. We occupied a vast fresh continent with all its resources, protected by two oceans, and an educated and intact populace after WWII when the rest of the world was either pounded into rubble or still a bunch of colonial backwaters. As the only show it town, it was pretty easy to run up wages and benefits, and coast for awhile on our reputations while Toyota and Sony caught up.
Now everybody’s doing it, but we’re still pretending like we’re rich and they’re not.
If we really believed what we’ve preached, though, we’d understand that our standard of living HAS to adjust down to a level more competitive and reflective of other productive places in the world (and what was so wrong with the living standards in the 50s and 60s anyway?) We’d also understand that once all this “slave labor” supply diminishes, production costs and prices start to rise, eventually meeting ours.
What has surprised me how the equalizing forces of globalization are working so quickly (despite the manipulations). Rising labor costs overseas will find manufacturing jobs returning to the US by 2015. Yes, 2015:
Will everything be like it was in the 80s and 90s? No, but that was mostly bubble anyway.
The point is, globalization isn’t the ruinous exploitation by an evil cabal, but instead is the historical vindication of capitalism and (sort of ) free enterprise.
<< <i>People talk about globalization as the enemy. In fact, globalization means that we won.
The world has finally figured it out: reducing taxes, reducing centralized planning, making free trade agreements and unleashing the enterprising individual means greater prosperity! We in the US told you so, we showed you how it was done, and by gawd (especially after the commies were unmasked and collapsed) y’all did it.
Well, poo. We didn’t think they would all REALLY do it. Things were much easier when we were the only people who operated that way.
Sure, different countries are doing it in different ways with varying residual controls, manipulations, protections and rule-breaking. But by and large, the results have been predictable: greater productivity, an astounding, unprecedented historic burgeoning of wealth and the lifting of millions (billions?) out of hopeless generational poverty, lower prices and a focus on making it as opposed to conquering and taking it.
The US experienced an historical anomaly. We occupied a vast fresh continent with all its resources, protected by two oceans, and an educated an intact populace after WWII when the rest of the world was either pounded into rubble or still a bunch of colonial backwaters. As the only show it town, it was pretty easy to run up wages and benefits, and coast for awhile on our reputations while Toyota and Sony caught up.
Now everybody’s doing it, but we’re still pretending like we’re rich and they’re not.
If we really believed what we’ve preached, though, we’d understand that our standard of living HAS to adjust down to a level more competitive and reflective of other productive places in the world (and what was so wrong with the living standards in the 50s and 60s anyway?) We’d also understand that once all this “slave labor” supply diminishes, production costs and prices start to rise, eventually meeting ours.
What has surprised me how the equalizing forces of globalization are working so quickly (despite the manipulations). Rising labor costs overseas will find manufacturing jobs returning to the US by 2015. Yes, 2015:
Will everything be like it was in the 80s and 90s? No, but that was mostly bubble anyway.
The point is, globalization isn’t the ruinous exploitation by an evil cabal, but instead is the historical vindication of capitalism and (sort of ) free enterprise. >>
Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first.
Repetition of ignorance is ignorance raised to the power two.
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
<< <i>Did the Bahamas report on Charlie Rangel, I wonder? Our House of Representatives tax committee "chairman"? Some of these bozos need to meet up with their own karma. >>
"Globalization results in nothing more than world-wide redistribution of wealth."
Yeah, entropy is a bitc...
Wait till we send a little of our stimulus to Greece. The US banks have a good bit of liability in this so if Greece goes down, the US banks lose big money. The big O will make sure the US banks don't lose money (the horror, the horror...). so look for a little redistribution to our children's wealth to our European brothers; it's only right. Yeah, entropy IS a bitc...
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
Do you believe that the increase in third-world wealth is really only because of a transfer of first-world wealth to third-world in some sort of zero-sum game, and that this is what accounts for the rise of China/India/Brazil, etc.? Do you not know that the world's aggregate wealth because of the unleashing of historic free-market forces has generated an astounding and unprecedented growth since WWII?
I know well that globalization has created significant adjustment problems on a microeconomic level, particularly among countries like us that have been used to easy dominance. But to assert that globalization involves "nothing more than the world-wide redistribution of wealth" simply does not account for the facts. And it simply isn't true that, were we to get our economic house in order, we could not ultimately prosper and be competitive in a globalized world.
I am of the belief that our politicians will not do what it takes to get this house in order, however, without massive threats staring us immediately and in a crisis mode, in the face. And even then, we may have to go through a depression first, which sadly would have been unnecessary.
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
Do you believe that the increase in third-world wealth is really only because of a transfer of first-world wealth to third-world in some sort of zero-sum game, and that this is what accounts for the rise of China/India/Brazil, etc.? Do you not know that the world's aggregate wealth because of the unleashing of historic free-market forces has generated an astounding and unprecedented growth since WWII?
I know well that globalization has created significant adjustment problems on a microeconomic level, particularly among countries like us that have been used to easy dominance. But to assert that globalization involves "nothing more than the world-wide redistribution of wealth" simply does not account for the facts. And it simply isn't true that, were we to get our economic house in order, we could not ultimately prosper and be competitive in a globalized world.
I am of the belief that our politicians will not do what it takes to get this house in order, however, without massive threats staring us immediately and in a crisis mode, in the face. And even then, we may have to go through a depression first, which sadly would have been unnecessary. >>
Your link doesn't work. Free market forces have not been unleased. Markets are hindered by government control and intervention more than ever. If third world wealth is not the result of a transfer of wealth from somewhere else then it is a result of money out of thin air. Our politicians are puppets to masters with a globalization agenda. These masters will rape this country of its wealth and resources and move on. To be blunt our politicians are selling us out (former speaker of the house Pelosi is worth 62% more this year than last year). The benefits of globalization are not worth the costs. I.E.: cheaper consumer goods at the cost of American jobs. As I mentioned earlier globablization involves my US tax dollars supporting foreign individuals and governments. It also involves policing the globe with American troops at American expense. Given a choice, I vote no.
With regard to your rejoinder: it simply is not true that "markets are hindered by government control and intervention more than other." There are certainly arguments to be made along these lines in the US. But globally, it is precisely the diminishment of such controls in places like Brazil, China and India that has unleased this massive production of wealth--with more to come if such places do even more of it.
I think you're looking at this from just a US perspective. I certainly agree that our leaders have served us poorly. But if anything, they've exploited globalization and the fact that the dollar has been the global currency to keep the ponzi scheme going and to put off the day of reckoning, rather than the other way around.
Consider that it may NOT be in our best interests in the long run to protect hide-bound local industries saddled with labor and benefits costs run up during the halcyon days of the 50s, but instead to foster and encourage improved productivity internationally through free markets, and to restructure ourselves to compete effectively in areas where we honestly excel. We still have formidable natural resources, wonderous farm lands with farming technologies, strong universities and a populace culturally nurtured from birth with the credo of individual freedom and free enterprise--no matter how much such influences have been eroded over time.
The point of the link is that global wealth HAS increased, and massively, in absolute terms. And consider that whereas China made an initial splash by exploiting peasant labor for low wages and not playing by the rules, their price has been a loss of confidence in the safety, health and quality of many of their products, and--surprise, surprise--increased upward pressure on wages and labor conditions. As a consequence, the projections are that by as early as 2015, maufacturing jobs will be moving back (gasp) to the US, where the rule of law prevails, where worker productivity is vastly superior to China and most other places, and where globalization has at length eroded the ossification that made us so uncompetitive and that caused us to lose the jobs in the first place.
All this--despite the efforts of our politicians to keep things ossified.
Can you say "One world order?" Look at the UN and who pays for it.
"U.S. Funding of the U.N. System
The U.S. has been the largest financial supporter of the U.N. since the organization’s founding in 1945. The U.S. is currently assessed 22 percent of the U.N. regular budget and more than 27 percent of the U.N. peacekeeping budget. In dollar terms, the Administration’s budget for FY 2011 requested $516.3 million for the U.N. regular budget and more than $2.182 billion for the peacekeeping budget"
Greed, Greed, Greed. What does this country produce? We are consumers of products made somewhere else. Everything I own seems to have been manufactured elsewhere. Even the pouch included with my 06 burnished ASE is made in China. My Leatherman is still made in Portland, OR for now. Take away greed, and we can produce PC's, clothing, tools, fixtures, components, furniture, etc.. It's not cheaper to produce n manufacture elsewhere, it's about proping up that bottom line, because of GREED. Create meaningful jobs, creating more debt isn't going to solve anything. Look at the nations infrastructue, most bridges and highways have a 50-60 year shelf-life. A large majority were built in the 50's n 60's. Without them, no commerce, no economy, no goods can be transported. New highways create skilled labor jobs. Just my 2 cents worth of ranting. Scott
<< <i>"If Lowe's wants to retail a vice for $6, then the vice will have $1.50 worth of materials. It will fall apart sooner then later. If they want a vice to retail for $25 it will be better made."
So...are the big box, national retailers the ones that are responsible for aggravating the china trade deficit? Just asking, not looking for a contest. If so, it seems that could be cured with a little tariff. Would that cause the historically underserved urban populations go into revolt if they lost access to cheap chinese products? >>
Yes, the retailer/wholesaler sets the price. The Chinese factory quotes prices based on raw goods, production time and profit/overhead. If the quote is too expensive that the customer has three choices. 1) cheat further on the materials or move to a cheaper lower quality factory if he has to have the margins. 2) Pay the price and pass on the extra cost to the end use customer. 3) Pass the program. There is actually a fourth move. Cheat a little in the manufacturing process to a little gain margin AND make up the balance by passing the extra cost to the customer at the cash wrap. The last step is what most are experiencing today. Cheaper made goods at slightly higher prices. You ain't seen nothing yet, just wait until late fall early winter. Cha ching.....................Recap. American wholesalers and retailers set the standards for what China ships and at what cost. Yes, China will sometimes slip in a lead micky if smoeone's not paying attention. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>After quadrillion you have quintillion, sextillion, septillion, octillion, nonillion and decaillion >>
Thanks. That will be useful for future discussions of our national debt.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Double checked, nonillion is correct but the last one is decillion then it contunies unadecillion, duodecilliond, tresdecillion, quatrodecillion etc. to vigillion which is 1 followed by 33 zeros.
30's R Want List:
R73 1933 Goudey Indian Gum - Series 288 - Nos. 118 Also looking for 1953 Parkhurst & 1953 Quaker Oats Ripley's BION.
Comments
In God We Trust.... all others pay in Gold and Silver!
<< <i>HERE IS A NEWS FLASH...WHEN THE ONLY WAY TO STAVE OFF ECONOMIC DISASTER CAUSED BY DEBT IS TO CREATE MORE DEBT OR INCREASE DEBT - WE HAVE ALREADY REACHED ECONOMIC DISASTER!!!! >>
This is my new tag line!
In God We Trust.... all others pay in Gold and Silver!
Box of 20
Some suggest this was all our fault & that the Middle Class was a Bad Idea from it's inception.
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
So...are the big box, national retailers the ones that are responsible for aggravating the china trade deficit? Just asking, not looking for a contest. If so, it seems that could be cured with a little tariff. Would that cause the historically underserved urban populations go into revolt if they lost access to cheap chinese products?
<< <i>There's not much here about the consumer's responsibility in all of this mess. >>
Part of the problem is that it's getting difficult to tell quality from junk. One's made to break
and the other isn't. Paying higher prices does little good in getting better quality. They even
sell crap at the grocery now. chicken is 15% water and sodium trypolyphosphate and fish is
50% water and garbage.
So you either stop eating fish abnd chicken or you buy crap. You can't get real beef any longer
because its all corn fed and off quality except in the restaurants. They pay much less so get
all the good stuff. The whole economy is turned upside down and greed rules everything.
<< <i>Bin Laden is dead. Time to dismantle Homeland Security. They can start there. >>
Homeland Security was not about Bin Laden, it was all about you and me. If you take a look at European Union countries whose debt has bankrupted them and who's currency is becoming worthless you can begin to understand why our own elite have been working for years to put protections in place. Protection for themselves from the population who will eventually take to the streets as they are doing in Greece, Spain and parts of the middle east. Public assistance, televisions and the internet will keep Americans passive for only so long.
TSA "Security Exercise" to cover three states
Repetition of ignorance is ignorance raised to the power two.
<< <i>Who is going to implement a no fly zone over the US to keep US planes from bombing the US civilians when they take to the street? >>
Which will be the only place for the masses to complain they are not getting ENOUGH socialism, militaryism.
For those who have a different idea......well
Expat Tax - U.S. Taxation of American's Living Abroad
By Don D. Nelson, Attorney at Law, CPA
Your U.S. Income Tax Obligation While Living Abroad
As a U.S. expatriate residing abroad, you still owe U.S. taxes each year on your worldwide income! The stories you hear from some of your fellow expatriates sitting next to you at the bar that once you leave the U.S., you no longer owe any taxes.
That is true for citizens of some countries, but not of the U.S. Its even against the law to give up your U.S. citizenship in order to avoid U.S. taxes!
The U.S. has tax treaties with many countries in the world which allow them to exchange data on their citizens living in the other country for tax purposes.
The U.S. also has a few agents located in each country that are there to help U.S. expatriates with their tax questions and problems, but are suspected to also report on activities of U.S. expatriates which might not be included in their U.S. tax returns.
The IRS has paid bribes, and made other deals with foreign bankers and investment advisors to secure lists of U.S. people who have offshore accounts, and businesses in order to determine if those individuals are reporting their activities on their tax returns. The IRS will not release their statistics on the number of individuals living overseas who do file tax returns, but it is believed that a large number do not.
expat tax
Keep Working Comrade! Support your Troops!
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I knew it would happen.
<< <i>Did the Bahamas report on Charlie Rangel, I wonder? Our House of Representatives tax committee "chairman"? Some of these bozos need to meet up with their own karma. >>
The Bahamian Constitution forbids any release of information about any business acct holders. Period.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
The world has finally figured it out: reducing taxes, reducing centralized planning, making free trade agreements and unleashing the enterprising individual means greater prosperity! We in the US told you so, we showed you how it was done, and by gawd (especially after the commies were unmasked and collapsed) y’all did it.
Well, poo. We didn’t think they would all REALLY do it. Things were much easier when we were the only people who operated that way.
Sure, different countries are doing it in different ways with varying residual controls, manipulations, protections and rule-breaking. But by and large, the results have been predictable: greater productivity, an astounding, unprecedented historic burgeoning of wealth and the lifting of millions (billions?) out of hopeless generational poverty, lower prices and a focus on making it as opposed to conquering and taking it.
The US experienced an historical anomaly. We occupied a vast fresh continent with all its resources, protected by two oceans, and an educated and intact populace after WWII when the rest of the world was either pounded into rubble or still a bunch of colonial backwaters. As the only show it town, it was pretty easy to run up wages and benefits, and coast for awhile on our reputations while Toyota and Sony caught up.
Now everybody’s doing it, but we’re still pretending like we’re rich and they’re not.
If we really believed what we’ve preached, though, we’d understand that our standard of living HAS to adjust down to a level more competitive and reflective of other productive places in the world (and what was so wrong with the living standards in the 50s and 60s anyway?) We’d also understand that once all this “slave labor” supply diminishes, production costs and prices start to rise, eventually meeting ours.
What has surprised me how the equalizing forces of globalization are working so quickly (despite the manipulations). Rising labor costs overseas will find manufacturing jobs returning to the US by 2015. Yes, 2015:
Link
Will everything be like it was in the 80s and 90s? No, but that was mostly bubble anyway.
The point is, globalization isn’t the ruinous exploitation by an evil cabal, but instead is the historical vindication of capitalism and (sort of ) free enterprise.
Here's a warning parable for coin collectors...
<< <i>People talk about globalization as the enemy. In fact, globalization means that we won.
The world has finally figured it out: reducing taxes, reducing centralized planning, making free trade agreements and unleashing the enterprising individual means greater prosperity! We in the US told you so, we showed you how it was done, and by gawd (especially after the commies were unmasked and collapsed) y’all did it.
Well, poo. We didn’t think they would all REALLY do it. Things were much easier when we were the only people who operated that way.
Sure, different countries are doing it in different ways with varying residual controls, manipulations, protections and rule-breaking. But by and large, the results have been predictable: greater productivity, an astounding, unprecedented historic burgeoning of wealth and the lifting of millions (billions?) out of hopeless generational poverty, lower prices and a focus on making it as opposed to conquering and taking it.
The US experienced an historical anomaly. We occupied a vast fresh continent with all its resources, protected by two oceans, and an educated an intact populace after WWII when the rest of the world was either pounded into rubble or still a bunch of colonial backwaters. As the only show it town, it was pretty easy to run up wages and benefits, and coast for awhile on our reputations while Toyota and Sony caught up.
Now everybody’s doing it, but we’re still pretending like we’re rich and they’re not.
If we really believed what we’ve preached, though, we’d understand that our standard of living HAS to adjust down to a level more competitive and reflective of other productive places in the world (and what was so wrong with the living standards in the 50s and 60s anyway?) We’d also understand that once all this “slave labor” supply diminishes, production costs and prices start to rise, eventually meeting ours.
What has surprised me how the equalizing forces of globalization are working so quickly (despite the manipulations). Rising labor costs overseas will find manufacturing jobs returning to the US by 2015. Yes, 2015:
Link
Will everything be like it was in the 80s and 90s? No, but that was mostly bubble anyway.
The point is, globalization isn’t the ruinous exploitation by an evil cabal, but instead is the historical vindication of capitalism and (sort of ) free enterprise. >>
Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first.
Repetition of ignorance is ignorance raised to the power two.
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
<< <i>Did the Bahamas report on Charlie Rangel, I wonder? Our House of Representatives tax committee "chairman"? Some of these bozos need to meet up with their own karma. >>
this may help clear up a few things
Yeah, entropy is a bitc...
Wait till we send a little of our stimulus to Greece. The US banks have a good bit of liability in this so if Greece goes down, the US banks lose big money. The big O will make sure the US banks don't lose money (the horror, the horror...). so look for a little redistribution to our children's wealth to our European brothers; it's only right. Yeah, entropy IS a bitc...
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
Do you believe that the increase in third-world wealth is really only because of a transfer of first-world wealth to third-world in some sort of zero-sum game, and that this is what accounts for the rise of China/India/Brazil, etc.? Do you not know that the world's aggregate wealth because of the unleashing of historic free-market forces has generated an astounding and unprecedented growth since WWII?
Link
I know well that globalization has created significant adjustment problems on a microeconomic level, particularly among countries like us that have been used to easy dominance. But to assert that globalization involves "nothing more than the world-wide redistribution of wealth" simply does not account for the facts. And it simply isn't true that, were we to get our economic house in order, we could not ultimately prosper and be competitive in a globalized world.
I am of the belief that our politicians will not do what it takes to get this house in order, however, without massive threats staring us immediately and in a crisis mode, in the face. And even then, we may have to go through a depression first, which sadly would have been unnecessary.
Here's a warning parable for coin collectors...
<< <i>
<< <i>Globalization is great if you are a third world country and want your standard of living brought up to the rest of the developed world. Globalization sucks if you are one of the most developed countries in the world and want your standard of living lowered so that less developed countries can have some of your "standard." Globalization results in nothing more than world-wide redistribution of wealth. World Bank, IMF and UN are currently giving your money to foreign citizens and foreign governements. I say let them fight for and earn their own increase in standard of living as our forefathers did for us. I'm already helping to pay for a better life for less fortunate (and also lazy) Americans. Let's at least take care of our own first. >>
Do you believe that the increase in third-world wealth is really only because of a transfer of first-world wealth to third-world in some sort of zero-sum game, and that this is what accounts for the rise of China/India/Brazil, etc.? Do you not know that the world's aggregate wealth because of the unleashing of historic free-market forces has generated an astounding and unprecedented growth since WWII?
Link
I know well that globalization has created significant adjustment problems on a microeconomic level, particularly among countries like us that have been used to easy dominance. But to assert that globalization involves "nothing more than the world-wide redistribution of wealth" simply does not account for the facts. And it simply isn't true that, were we to get our economic house in order, we could not ultimately prosper and be competitive in a globalized world.
I am of the belief that our politicians will not do what it takes to get this house in order, however, without massive threats staring us immediately and in a crisis mode, in the face. And even then, we may have to go through a depression first, which sadly would have been unnecessary. >>
Your link doesn't work. Free market forces have not been unleased. Markets are hindered by government control and intervention more than ever. If third world wealth is not the result of a transfer of wealth from somewhere else then it is a result of money out of thin air. Our politicians are puppets to masters with a globalization agenda. These masters will rape this country of its wealth and resources and move on. To be blunt our politicians are selling us out (former speaker of the house Pelosi is worth 62% more this year than last year). The benefits of globalization are not worth the costs. I.E.: cheaper consumer goods at the cost of American jobs. As I mentioned earlier globablization involves my US tax dollars supporting foreign individuals and governments. It also involves policing the globe with American troops at American expense. Given a choice, I vote no.
Globalization Doesn't Work (at least not for the American taxpayer)
Repetition of ignorance is ignorance raised to the power two.
My apologies. I should have checked the link. This one is working:
Repaired Link
With regard to your rejoinder: it simply is not true that "markets are hindered by government control and intervention more than other." There are certainly arguments to be made along these lines in the US. But globally, it is precisely the diminishment of such controls in places like Brazil, China and India that has unleased this massive production of wealth--with more to come if such places do even more of it.
I think you're looking at this from just a US perspective. I certainly agree that our leaders have served us poorly. But if anything, they've exploited globalization and the fact that the dollar has been the global currency to keep the ponzi scheme going and to put off the day of reckoning, rather than the other way around.
Consider that it may NOT be in our best interests in the long run to protect hide-bound local industries saddled with labor and benefits costs run up during the halcyon days of the 50s, but instead to foster and encourage improved productivity internationally through free markets, and to restructure ourselves to compete effectively in areas where we honestly excel. We still have formidable natural resources, wonderous farm lands with farming technologies, strong universities and a populace culturally nurtured from birth with the credo of individual freedom and free enterprise--no matter how much such influences have been eroded over time.
The point of the link is that global wealth HAS increased, and massively, in absolute terms. And consider that whereas China made an initial splash by exploiting peasant labor for low wages and not playing by the rules, their price has been a loss of confidence in the safety, health and quality of many of their products, and--surprise, surprise--increased upward pressure on wages and labor conditions. As a consequence, the projections are that by as early as 2015, maufacturing jobs will be moving back (gasp) to the US, where the rule of law prevails, where worker productivity is vastly superior to China and most other places, and where globalization has at length eroded the ossification that made us so uncompetitive and that caused us to lose the jobs in the first place.
All this--despite the efforts of our politicians to keep things ossified.
Here's a warning parable for coin collectors...
Camelot
<< <i>OK, what comes after 999,999.99 trillion dollars. What do we call the next upgrade term? >>
1.5 quadrillion
"U.S. Funding of the U.N. System
The U.S. has been the largest financial supporter of the U.N. since the organization’s founding in 1945. The U.S. is currently assessed 22 percent of the U.N. regular budget and more than 27 percent of the U.N. peacekeeping budget. In dollar terms, the Administration’s budget for FY 2011 requested $516.3 million for the U.N. regular budget and more than $2.182 billion for the peacekeeping budget"
R73 1933 Goudey Indian Gum - Series 288 - Nos. 118
Also looking for 1953 Parkhurst & 1953 Quaker Oats Ripley's BION.
If you have any available for sale PM me
Everything I own seems to have been manufactured elsewhere. Even the pouch included with my 06 burnished ASE is made in China.
My Leatherman is still made in Portland, OR for now. Take away greed, and we can produce PC's, clothing, tools, fixtures, components, furniture, etc.. It's not cheaper to produce n manufacture elsewhere, it's about proping up that bottom line, because of GREED.
Create meaningful jobs, creating more debt isn't going to solve anything. Look at the nations infrastructue, most bridges and highways have a 50-60 year shelf-life. A large majority were built in the 50's n 60's. Without them, no commerce, no economy, no goods can be transported.
New highways create skilled labor jobs. Just my 2 cents worth of ranting.
Scott
<< <i>"If Lowe's wants to retail a vice for $6, then the vice will have $1.50 worth of materials. It will fall apart sooner then later. If they want a vice to retail for $25 it will be better made."
So...are the big box, national retailers the ones that are responsible for aggravating the china trade deficit? Just asking, not looking for a contest. If so, it seems that could be cured with a little tariff. Would that cause the historically underserved urban populations go into revolt if they lost access to cheap chinese products? >>
Yes, the retailer/wholesaler sets the price. The Chinese factory quotes prices based on raw goods, production time and profit/overhead. If the quote is too expensive that the customer has three choices. 1) cheat further on the materials or move to a cheaper lower quality factory if he has to have the margins. 2) Pay the price and pass on the extra cost to the end use customer. 3) Pass the program. There is actually a fourth move. Cheat a little in the manufacturing process to a little gain margin AND make up the balance by passing the extra cost to the customer at the cash wrap. The last step is what most are experiencing today. Cheaper made goods at slightly higher prices. You ain't seen nothing yet, just wait until late fall early winter. Cha ching.....................Recap. American wholesalers and retailers set the standards for what China ships and at what cost. Yes, China will sometimes slip in a lead micky if smoeone's not paying attention. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
In God We Trust.... all others pay in Gold and Silver!
<< <i>After quadrillion you have quintillion, sextillion, septillion, octillion, nonillion and decaillion >>
Thanks. That will be useful for future discussions of our national debt.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>After quadrillion you have quintillion, sextillion, septillion, octillion, nonillion and decaillion >>
are you sure about the " nonillion" ??
R73 1933 Goudey Indian Gum - Series 288 - Nos. 118
Also looking for 1953 Parkhurst & 1953 Quaker Oats Ripley's BION.
If you have any available for sale PM me