US screws up itself due to Greed and failed Capitalism, why blamed China for manipulating currency? US peoples who are the real culprit of your Suprime Burst, housing loan bubble, it is not china that caused your problem. US spent money on WARs, killing people and your own soldiers also die a lot, wasting tax payers' money on weapon. Blame yourself, dont point to China for your bankcruptsy.
Because China does manipulate its currency so that it can have a great advantage in the world trade business. As long as they can keep the values of their currency low they can sell there goods for far below what other nations have to pay there workers to compete and thereby giving China the greatest leverage in trade it can get by doing so. Everyone agrees that China has been artificially keeping its currency low and have asked China to bring it up in value for over 10 years now and as yet they fail to comply because they are just as greedy as America and want more business brought there way and today they are one of the top exporters in the world although not the best quality but quantity only.
That's a highly uninformed and rather unintelligent position you have. Cosmictraveler explained it pretty well to you AND there is NO evidence of "failed capitalism" except in your own mind due to lack of your education or swallowing too much propaganda. :shrug:
money goes further in china. america is expensive and they are notorious for "inflating" their prices. americans were notorious loan sharks too. made in america products are and were always cheap (but not in price) except for a few items and mostly industrial grade technology. they had the worst and nastiest toiletries, cars, furniture (unless ethan allen quality), clothing (except blue jeans), and food (processed). there is a lot more but that would be nitpicking. it's the biggest farce that made in america was always synonymous with quality. what a bogus lie. everything that had quality was either emulated or copied from european products or designs too. pfft.
That's an interesting piece of bias. To be certain, a lot of stuff churned out in the USA is rubbish (which may well be true of most countries). But, I hate to tell ya', nobody has a reputation for delivering low quality goods like China (and all of Asia except for Japan and maybe Korea). That said, I'd like you to explain that bit of "emulated from European products. . ." nonsense. One wonders why all the world are using computer chips designed in the USA by American companies, flying American airplanes, using American industrial devices (Caterpillar, etc), driving American cars (yeah, they still do, especially in China), attending American universities, getting surgery at American hospitals (Mayo Clinic, Cleveland Clinic, Johns-Hopkins and others, just to name a few) and buying anything with an American sports, musical or cinematic icon thereon. Since WWII, a disproportionate amount of aviation, electronic, medical, aero-space and cultural technology has come from the USA. One need only look at the list of Nobel Prize winners to see the influence the US has had on global technology. Now, I'm not saying the world would have never gotten by without the US (that would be stupid) or that those things wouldn't have been invented eventually (that's the same for any country), but we can only judge what is, and the US has long punched above its weight (when comparing people-for-people) for about a hundred and fifty years now. ~String
And to the OP, the USA doesn't "blame China". There is a certain, "hey, China isn't playing fair" attitude (which I think is a little hypocritical), but the USA and most Americans know where to squarely lay the blame: Us. It's our fault. There are differing versions and attitudes as to why it's our fault, but the fault is all ours. But, China is the "next best thing" and the USA has to recognize that and find a way to be competitive in an ever more competitive global market. ~String
Do you mean "deflating" their prices? That's pretty much why the US has allowed to dollar to bottom out. Not sure you know what you're talking about there. Did you just add that for flair? Or is there some backing to that statement? ~String
Zounds!!! I don't know where you live (Actually, you sound like some kind of stupid Russian nationalist - we all know "everything was invented in Russia. Yeah, right!) but you're sure got one big illogical chip on your shoulder - and it's seriously warped your mind! I would enjoy seeing you try to prove all those statements - don't even dare to skip one or I'll be on your back until you cover them ALL !!!!:bugeye:
because they are the world's sweatshop for now, why do you think?? and people want lots of consumer good and trinkets that are affordable, why do you think?? have you not noticed people like a huge closet full of new clothes and shoes every season? new furniture? new technological gadgets? the reason why someone can afford a 42 inch plasma or lcd tv for four hundred dollars including shipping and delivery off ebay or amazon etc. rinse and repeat. though this isn't sustainable forever. it's also how capitalism works, as one can cut costs and pay lower wages and sell at higher profit. you wonder why?? where have you been??
For the most part I agree. I think we have been our own worst enemy because of the more recent generations unsatiable materialism. We have been told these are our god given effing rights to have and consume. I wouldn't call it failed capitalism though. The system can work just fine and if we were ONLY talking about China manipulating currency it would be a drop in the bucket to our overall problems created by ourselves. China, has a whole host of problems themselves, so you might want to look in the mirror as well. Everything we do costs more because we are not AS willing to look the other way in our desire to grow anymore. So while I agree that we are ultimately the source of our own problems, so are you.
Do you intend to just keep on ranting and raving??? How about providing the proof of your claims that I asked for???? And if you insist on writing in such a childish fashion - and being too lazy to even use capital letters, we're all going to get the idea that you really ARE just a child. A kid of 12 can write much better than you are doing. :bugeye:
We should NOT blame China. Chinese are doing well because they save and invest. As well they work hard as hell. We used to save and invest and work hard. Now we spend and collect every entitlement under the sun. As for manipulating their currency. PUUUUULEEASE! We just printed off a ga zillion dollars not worth the paper they're not printed on! WE manipulate OUR currency! But, don't worry, one day China's currency will rise. As that happens Americans' life will turn to mush. The jobs are NOT coming back. It's that simple. China's currency could double, jobs will go to another country, but not to the USA. I'm still waiting for shit to hit the fan hard. When did BillyT put his end of America prediction/hyperinflation? The America is Dead. Long Live ChinAmerica! Please Register or Log in to view the hidden image!
all they have to do is stop sending all the jobs overseas. leave some jobs for americans to do. that's an idea.
Birch, you are nothing but a troll and a complete boor. You refuse to answer direct questions - several of them, in fact. Instead, you just troll and spout off whatever thought happens to hit you. Quit acting like a little kid - or just go away; either would be a great improvement.
China today is like the US was back in the 50's. Plenty of jobs out there and opportunity to make those few extra bucks. Exports like crazy and force-feeds their products to the rest of the world. We can't blame China for making everything for us- it's our American businesses who backed away from American labor in favor of third world products- we just ate it up. And the bottom line is their stuff is cheaper because of cheap labor. Does this mean our labor is over priced? No- it means we have a higher standard of living then China. I predict China will undergo a growth period for the next ten years the likes of have never been seen before. And they'll be doing it on our dime- with their hoard of US dollars. Once China modernizes itself, the cost of labor will go up as Chinese people come to expect more and more from life. But let's not delude ourselves- 95% of China is STILL rice paddy farmlands- they've got a long way to go to catch up.
a run on the dollar by (or before) Halloween 2014. When I first made the dates definite (at Baron Max's insistence) there was a six year window for the run (from 31/10/2008 to 31/10/2014) Without being time specific I predicted and explained why there would be a run quickly followed by depression in US & EU back in 2005 or early 2006.
Actually American businesses didn't want to pay a FAIR wage to their employees and went looking elsewhere, Mexico, Canada , China as examples, to get their work done cheaper so they could double or triple their profits. Businesses are greedy and corrupt only wanting what's best for themselves not who works for them. The American government allowed off shore business to keep taking the jobs away and did nothing to stop it actually encouraging it with no import duties or very low import taxes so as to help those businesses reap higher profits which they put back into Congresses pockets under the table. American businesses since the 1970's have been moving everything out of America and Congress just sits on its ass and does nothing to stop this unfair business practice. Please Register or Log in to view the hidden image!
uh, i hope they don't delude themselves. i hope they keep a lot of it that way instead of ugly strip malls, turf everywhere, gas stations and stores on every corner. china is a beautiful country. i hope they keep a lot of their natural landscape and don't completely modernize everywhere.
Sort of a sideline but yet pertinent to all this is an observation that George Bernard Shaw made a long time ago: "A government that robs Peter to pay Paul can always depend on the support of Paul."
