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The Wealth Gap Widens...

 
 
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Old 11-14-2011, 06:15 AM   #31 (permalink)
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To me that should have been followed by U.S. & Europe ban Chinese imports and refused to honor 50% of trade deficit.
It wouldn´t be so easy to ban US and EU manufacturing in China, which I guess is the majority of the imports...
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Old 11-14-2011, 06:50 AM   #32 (permalink)
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It wouldn´t be so easy to ban US and EU manufacturing in China, which I guess is the majority of the imports...
True, but even the consideration would have huge implications. And it wouldn't be banning the manufacture, only the import of those goods.
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Old 11-14-2011, 08:09 AM   #33 (permalink)
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True, but even the consideration would have huge implications. And it wouldn't be banning the manufacture, only the import of those goods.
If you want to witness Ma and Pa Kettle marching on _____ with torches and pitchforks, just double the price of all the cheap Chinese stuff they buy at The Big Box.
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Old 11-14-2011, 08:17 AM   #34 (permalink)
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One needs to research historical data from the 50's and sixties to see the differences in production, marketing, base costs and Government interference in the market place, this would give one a better idea as to why we are in the mess we are in
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Old 11-14-2011, 08:47 AM   #35 (permalink)
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One also needs to remember the poisoned water,fouled air,horriific working conditions, that led to government interference!!!
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Old 11-14-2011, 08:50 AM   #36 (permalink)
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If you want to witness Ma and Pa Kettle marching on _____ with torches and pitchforks, just double the price of all the cheap Chinese stuff they buy at The Big Box.
Have you bought a washing machine recently? Mine cost me $900 plus $600 in repairs over the last 4 years because it was made like c---. My mother's lasted her over 20 years without a single repair. I believe that "double the price" is a myth. When you consider the undervalued Chinese currency, the government subsidies, the industrial espionage, the computer hacking, the cost of transporting goods from half way around the world and the repair costs to inferior products, I really have to wonder how much prices would rise. Then when you consider what bringing manufacturing back to U.S. and European shores would do to the amount of money in family pockets it starts sounding like a pretty worthwhile investment. How does one even consider doing business with a country that says straight up that they are cheating you?
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Old 11-14-2011, 08:59 AM   #37 (permalink)
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One also needs to remember the poisoned water,fouled air,horriific working conditions, that led to government interference!!!
Have you looked at a Bejing air quality report (they're posted by the U.S. Embasy) or heard about the working conditions in Chinese plants? Tell me we couldn't do better. Yes it costs us to have air we can breath, water we can drink and homes we can afford. To me it's worth every cent.
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Old 11-14-2011, 09:13 AM   #38 (permalink)
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Have you bought a washing machine recently? Mine cost me $900 plus $600 in repairs over the last 4 years because it was made like c---. My mother's lasted her over 20 years without a single repair. I believe that "double the price" is a myth. When you consider the undervalued Chinese currency, the government subsidies, the industrial espionage, the computer hacking, the cost of transporting goods from half way around the world and the repair costs to inferior products, I really have to wonder how much prices would rise. Then when you consider what bringing manufacturing back to U.S. and European shores would do to the amount of money in family pockets it starts sounding like a pretty worthwhile investment. How does one even consider doing business with a country that says straight up that they are cheating you?
Unfortunately, recent administrations, both Dem's and Rep's have tried to keep the economy clicking in part by making sure you can buy all the cheap junk that you think you need from Wal-Mart, Target, Home Depot, Bed Bath & Beyond, etc... stores filled almost exclusively with products from China. A short term fix, creating long term problems.
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Old 11-14-2011, 09:37 AM   #39 (permalink)
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The real epicenter of the problem is (in my opinion):

The real powers to be are pushing for a one world socialist government. In order to make that happen, they have to level the playing field financially. So, they are bringing up the economies of the poorest (and largest populations) on the planet (China and India) while at the same time bankrupting the wealthiest on the planet (us and europe).
Funny how GM has sold more cars in China over the last 8 yrs or so then they ever did here in the U.S. but yet they had to file bankruptsy and now the Gov. owns half of it. We hear that they are now doing great and that they have paid back their loans, but you don't hear any thing about the Gov. giving back thier half of the company. Socialism. Healthcare, Socialism. etc...

Make no mistake, China is being controlled by the same hand full of people that controll or Gov. as well.
Obama doesn't fart with out permission from these people, and niether would McCain had he become President. Their campains were both backed by the same people, just look up their campain doner lists. It's public info.

Watch the movies I listed above, do your own research. We are living in the beginning of some very serious times to come.
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Old 11-15-2011, 12:18 PM   #40 (permalink)
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Have you bought a washing machine recently? Mine cost me $900 plus $600 in repairs over the last 4 years because it was made like c---. My mother's lasted her over 20 years without a single repair. I believe that "double the price" is a myth. When you consider the undervalued Chinese currency, the government subsidies, the industrial espionage, the computer hacking, the cost of transporting goods from half way around the world and the repair costs to inferior products, I really have to wonder how much prices would rise. Then when you consider what bringing manufacturing back to U.S. and European shores would do to the amount of money in family pockets it starts sounding like a pretty worthwhile investment. How does one even consider doing business with a country that says straight up that they are cheating you?
Sounds like you bought a Haier product, which is well known to be garbage. Your Mom's washer was a Maytag or a similarly better product.
What I was referring to, Ed, was mostly stuff with no moving parts, such as socks and underwear.
A Chink-built Chery? Ha.
A Lenovo (ex-IBM) laptop with bits that are not made in PRC but only assembled there? Different story.
Deadly cat food and sulfurous drywall--you gotta pay attention to what the ChiComs produce: some utter crap and some a bargain.

I do agree that they are cheats and we are suckers, unless we employ our gray matter and buy accordingly. They can't sell garbage to educated consumers...BTW, I stopped buying Nikes years ago, 'cuz they're also crap.
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Old 11-15-2011, 12:25 PM   #41 (permalink)
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The Ch. marine stuff is real el cheapo, the dimensions are not identical to US made and hooks, clips, etc, do not match up as well, plus, customer support on defective bilge switches is non existent to the point of denial. Unless an emergency, I refuse to support their products, unfortunately when it comes to everyday odds and ends, it can be difficult to asses where the stuff comes from, in Canada, if a product is imported in pieces, then assembled in Canada, it gains made in Canada labeling, bit of a rip.
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Old 11-15-2011, 12:49 PM   #42 (permalink)
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Actually it's a Whirlpool. How to give a good American name a garbage reputation. Make it in China. They'll sucker some of us once.
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Old 11-15-2011, 01:18 PM   #43 (permalink)
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The Ch. marine stuff is real el cheapo, the dimensions are not identical to US made and hooks, clips, etc, do not match up as well, plus, customer support on defective bilge switches is non existent to the point of denial. Unless an emergency, I refuse to support their products, unfortunately when it comes to everyday odds and ends, it can be difficult to asses where the stuff comes from, in Canada, if a product is imported in pieces, then assembled in Canada, it gains made in Canada labeling, bit of a rip.
Helped a guy recently change a deck hatch hinge on an Azimuth. Hinge made in China. After an hour of denial, skinned knuckles and almost crushed fingers, we got out the drill. Only way to make it fit. Not that I charged him, but how much do you figure he'd pay a yard to do a 5 minute job that ends up taking over an hour and results in your deck getting drilled because they don't put the post in the same place ? Worth the buck saved on the price of the hinge? I doubt it.
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Old 11-15-2011, 04:03 PM   #44 (permalink)
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The British Empire was the wealthiest nation in the world with the most powerful navy.
Then they loaned the French money to help with WW1, and fought much of it with them, the loan was never re-paid.
Then WW2 and the US loaned the British out of losing the war, plus sending enough troops and machinery etc. The loan WAS repaid.
That was the END of British wealth.

Now how many wars is the US fighting and WHO is paying for them???

China or Indian economies are dependent on a market BUYING their product. They need the US to be healthy.
IMHO it is in part, tied to long wars bleeding the economies white.
Ironically, it was General Eisenhower, who warned the US would one day be subject to the military and how dangerous that was going to be.
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Old 11-15-2011, 04:20 PM   #45 (permalink)
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China or Indian economies are dependent on a market BUYING their product. They need the US to be healthy.
That presumes that China and India are thinking long term which they never have. They're more like 3 year olds who want every piece of candy in the bowl and they want it now. They have no concept of the bowl one day being empty if they keep taking from it. They don't think that far ahead. They want everything they can take from the U.S. and Europe. They want our economies ruined and our workers to forget what it's like to work with pride. They want us to be their peasant farmers. Period. They're not satisfied to climb up. They want to drag us down.
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