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September 8th, 2009 at 9:23 am
Free trade does …
Free trade does make countries better off, but it does not impact people in those countries evenly. This has become increasingly true now that we can produce more goods than we can consume. Free trade forces low skill labor to compete with one another and puts more power in the hands of those with capital as the develop world moves towards Oligopolies.
It allows corporations to circumvent minimum wage laws and benefits, pollution standards, and a f*cked up tort system in the US.
September 8th, 2009 at 9:23 am
Or less than 1/2% …
Or less than 1/2% of the food consumed in the US.
September 8th, 2009 at 9:23 am
Some people say …
Some people say that silver is the way to go, because they think that it’s going to return to it’s 16:1 state, compared to it’s current 62:1. Is this probable?
September 8th, 2009 at 9:23 am
As long as we ship …
As long as we ship work out of the US, We won’t recover. This free trade , open market thing is a bullcrap. We need to protect jobs here . That World trade organization is full of bullshit , it only benefits the Rich.
September 8th, 2009 at 9:23 am
name calling? yes i …
name calling? yes i use google like everyone else in the world. i have not written a university white paper about who our top three importers of food and what type of food they import. i know that our produce comes from Latin america (no i did not have to google that one), regardless if it just frozen food, shrimp, tuna, crawfish, etc., it is still our third largest importer of food and over 2 million metric tons is nothing to sniff at, even if you get butt hurt admitting that I was right.
September 8th, 2009 at 9:23 am
Nice 30 second …
Nice 30 second google, liver lips.
Go back and read my response. We import SEAFOOD and PROCESSED FOODS from China. The majority of our food imports from China are seafood, which really comes from the Pacific ocean caught by their 30 cents per hour slave labor.
Your fruit, vegatables, meat and dairy don’t come China. But watch out for that baby formula or apple juice from concentrate. Apparently, you’ve been drinking too much of the former.
September 8th, 2009 at 9:23 am
Well I can tell you …
Well I can tell you this Sir it wont take another 90 years to lose the next 95% of the remaining 5% of the usd
We had 4 bubbles savings and loans crisis, dot com, housing, stimulus . Each one has ended in crisis faster then the last . It took 8 years for housing to pop. The stimulus will not take as long.
We’ll they are propping it up by a .25 interest rate , put that at 5 or 10% rate . Lower rate is forcing people to get rid of dollars to buy ets with higher returns. US Dollar down 13%
September 8th, 2009 at 9:23 am
hu-a-duh, you’re …
hu-a-duh, you’re right, i’m not smart, haha. per Geoffrey S. Becker, a Specialist in Agricultural Policy, for the Congressional Research Service report to Congress on September 26, 2008, U.S. imports of Chinese agricultural and seafood products increased roughly
fourfold, from 433,000 metric tons (MT) to2.1 million MT in 2007 alone. China is the 3rd largest source of U.S. agricultural and seafood imports. ha-a-duh i can add 2 two and 2, ho-duh, i’m going to put my helmet on now to ride my bike
September 8th, 2009 at 9:23 am
man, that collar …
man, that collar looks uncomfortable
September 8th, 2009 at 9:23 am
and now the same …
and now the same unions that drove GM out of business get a majority stake in new GM… at the expense of secured creditors.
September 8th, 2009 at 9:23 am
China and Japan’s …
China and Japan’s strategy of subsidizes exports at the expense of their local currency’s strength rests on the umption that American consumers will buy more Chinese or Japanese goods than will domestic consumers. As American consumers spend less, that umption becomes less valid. It becomes more likely that China and/or Japan will strengthen their currency, rather than betting on a depressed American consumer economy. (Refer to Schiff’s explanation of why America is the global “caboose”.)
September 8th, 2009 at 9:23 am
No, you are not …
No, you are not smart enough to put 2 and 2 together.
America does not import VAST amounts of food FROM China. Like all of their exports, their exports are based on SLAVE labor such as seafood and processed food.
Besides, like Japan before them, their exports are based on pegging their currency to the US dollar at artificially low rates to encourage domestic job growth. It’s like paying companies to make things domestically instead of taxing them to do so, Obama is an idiot.
September 8th, 2009 at 9:23 am
Funny you should …
Funny you should mention that ChroNick, I’m no expert on the Japanese economy or politics but what little I have been able to learn led me to believe that the parties there are like you say.
I’m a big Peter Schiff fan and my opinion of him is unchanged but learning more about Japan can’t hurt.