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Re: Economy loses Jobs in Aug 2007
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So you support the devaluation of the dollar? I don't think the Chinese would allow it
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'They'd rather be alive than free, I guess. Poor dumb bastards.' Private Eightball - Full Metal Jacket The art of war is of vital importance to the State. It is a matter of life and death, a road either to safety or to ruin. Hence it is a subject of inquiry which can on no account be neglected - Sun Tzu, the Art of War |
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Re: Economy loses Jobs in Aug 2007
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"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!" ----Denny Crane |
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Re: Economy loses Jobs in Aug 2007
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At the end of 1945, the yuan had fallen to 1,222 = 1 USD. By May 1949, one USD fetched 23,280,000 yuan for anyone who cared to have some. At the end of 2007 the Yuan had moved up to: 7.25 = 1 USD. Today China owns 1/2 our debt. If China had labor costs equal to ours and the "West" had not moved production to their country the above could not have happened. Is the answer to bring "parity" to the value of one hour of mans labor ? How long can our world exist in a state of labor renumeration disparity ? How long can force of arms sustain the status quo for the west ? Should we simply kill everyone who interferes with the current balance ? Has it become evident our western governments have been operating a world wide shell game and the suckers are wising up ? Is "inflation" the number one "ILL" even worse than war Our chief export can continue to be WAR untill we are unable to compete to purchase the OIL to turn the wheels. :sneaky 2: |
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Re: Economy loses Jobs in Aug 2007
Quote:
Don't be juror in the (unlikely) event of my criminal trial, please
__________________
'They'd rather be alive than free, I guess. Poor dumb bastards.' Private Eightball - Full Metal Jacket The art of war is of vital importance to the State. It is a matter of life and death, a road either to safety or to ruin. Hence it is a subject of inquiry which can on no account be neglected - Sun Tzu, the Art of War |
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