economics: Germany
in [Design]
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From: m II on 10 Jul 2010 12:03 Joerg wrote: > Out here the ultimate cat's meouw would be an all tricked-out truck with > a huge engine, and where you need a ladder to get in. 4 X 4 = IQ for some of those people. I swear, they must be forced to get a lobotomy before they can drive those things. They seem to be bent on destroying nature with empty beer cans and quarter mile long burn-outs through the bird nesting areas. They're the Archies of the automotive world. mike
From: m II on 10 Jul 2010 12:26 Bill Bowden wrote: >> A lot of consumption in the USA is Chinese manufactured stuff, >> Japanese and German and Korean cars, and Saudi oil. We pay for it with >> dollars, and they use the dollars to buy US government bonds, so we >> get the appliances and cell phones and oil for free, for now, on >> credit. Our domestic manufacturing capacity of course evaporates. >> Sooner or later this process will crash. >> > > The Chinese need our markets so they can keep their economy going. > What are they going to sell if we quite buying their stuff? The question is rapidly becoming "*Why* are they going to sell if we keep paying with increasingly worthless pieces of paper?". If they demanded payment in full, what would our too cheaply bought politicians do? As one example, I'm betting that Taiwan will be handed over to the mainland, in part payment. Tibet's already been sacrificed. mike
From: John Larkin on 10 Jul 2010 12:35 On Sat, 10 Jul 2010 10:03:34 -0600, m II <c(a)in.the.hat> wrote: >Joerg wrote: > >> Out here the ultimate cat's meouw would be an all tricked-out truck with >> a huge engine, and where you need a ladder to get in. > > >4 X 4 = IQ for some of those people. I swear, they must be forced to >get a lobotomy before they can drive those things. They seem to be bent >on destroying nature with empty beer cans and quarter mile long >burn-outs through the bird nesting areas. > >They're the Archies of the automotive world. > >mike I love the names of these vehicles: Sierra, Tundra, Outback, Tahoe, Sequoia, Yukon, all the places they are designed to destroy. Blazer, n: forest clear-cutting device Xterra, v: latin for "destroy the earth" John
From: John Larkin on 10 Jul 2010 12:46 On Sat, 10 Jul 2010 10:26:12 -0600, m II <c(a)in.the.hat> wrote: >Bill Bowden wrote: > >>> A lot of consumption in the USA is Chinese manufactured stuff, >>> Japanese and German and Korean cars, and Saudi oil. We pay for it with >>> dollars, and they use the dollars to buy US government bonds, so we >>> get the appliances and cell phones and oil for free, for now, on >>> credit. Our domestic manufacturing capacity of course evaporates. >>> Sooner or later this process will crash. >>> >> >> The Chinese need our markets so they can keep their economy going. >> What are they going to sell if we quite buying their stuff? > > >The question is rapidly becoming "*Why* are they going to sell if we >keep paying with increasingly worthless pieces of paper?". Good question. The sons and nephews of the Politburo are running gigabuck industries with nearly slave labor, and their daddies are holding down the price of the yaun, so they can ship us cheap stuff. They collect the dollars and buy US government credit obligations. > >If they demanded payment in full, what would our too cheaply bought >politicians do? Print money and pay them? Actually, I don't think you can "demand" payment on a t-bill. This whole process is going to crash big-time. And everybody - the press, the politicians, the economists - will be shocked, shocked. Just like the the S&L fiasco, the dot.com mess, and the real estate bust snuck up on them unawares. Idiots. John
From: m II on 10 Jul 2010 13:00
John Larkin wrote: >> The question is rapidly becoming "*Why* are they going to sell if we >> keep paying with increasingly worthless pieces of paper?". > > Good question. The sons and nephews of the Politburo are running > gigabuck industries with nearly slave labor, and their daddies are > holding down the price of the yaun, so they can ship us cheap stuff. > They collect the dollars and buy US government credit obligations. I noticed a pattern in the formerly communist European states. Once these sons and nephews of the Politburo are safely ensconced in monopolistic businesses, with a guaranteed, bloated income forever, the system that put them there is declared obsolete. They make more money than ever. All the same people still run everything, but now, the peasants can at least vote for the dog catchers. Very much like here. mike |