banana ([info]yarareta) wrote,
@ 2008-03-25 10:17:00
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Entry tags:colony, food, gas, history, imports, oil, trade, water, weak dollar

US becoming trade colony of G7
According to Elaine's blog, the world's industrial powers are weakening their currencies relative to ours, so that we can afford to buy their goods.

This is similar to how Britain made cheap factory-made cotton cloth and sugar and sold it to Indians and Chinese in the time of Ghandi... which killed the domestic industrial base and jobs... causing riots and revolt against imperial Britain.

Sound familiar? Just like Japanese cars and Chinese walmart crap is destroying US industrial jobs... what value-added Things of lasting value do we make in this country now?

- lawyers?
- hedge funds?
- vinyl and plywood seas of housing?
- loans and securities made of bundled housing loans?
- fried chicken?
- starbucks and target every 2 miles?

Are these truly "assets"?

Have you bought an American-made anything lately?  T-shirts from Bangladesh and India, socks from Pakistan, polyester women's fashion shoes from China, Korean cars, Panasonic TVs, Samsung phones, Chinese "Haier" brand washer dryers... and what is America exporting besides jobs? Only commodities like coal and corn and beef. We do have to import that commodity called "oil".

We are becoming the 1930s India... the US is becoming a trade colony!

We are becoming what the Founding Fathers didn't wnat us to be... a colony of England and France... during the 1700s, during the 1900s...

On the other hand, you could say that food will become more valuable than cars and TVs in the long-run. However, we still need oil and gas and water to grow all our food, and the former is running out, which means...


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Biased rubbish
[info]tsiklop
2008-04-03 03:57 am UTC (link)
USA is a world leader in information technology, like software and electronics design, fundamental science research, and aviation. Witness where the Asian and European students are flocking to get their PhDs. Domestic tourism is booming. Europeans and Asians are flocking to spend their vacations in the US because they suddenly can afford a whole lot of stuff here. America's biggest export items are civilian and military aircraft, software, movies, and various kinds of heavy equipment (like Caterpillar products). This doesn't sound too shabby. Who cares about where a $1 sock is being made? The production of this kind of stuff can indeed be exported to a developing country like China or Nicaragua. Our nation has better human capital and better infrastructure to do better than that. BTW, most Korean and Japanese cars sold in the US are also designed and built in the US these days. Sonatas are designed in California and built in Alabama. Toyota trucks and SUVs are built in Texas. Camrys and Subarus are built at the Subaru factory here in Lafayette, Indiana. Europeans think of weakening their currency not because we're too poor to afford their stuff. It's because the ultra-high euro makes their exports uncompetitive here. Germans, like VW and M-B, want to build more factories in the Southern US. This is what's making them scared. And what's wrong with services? Switzerland seems to be doing very well without producing much tangible goods outside the diary industry. Yes, hedge funds and private banks generate a lot of employment and wealth for this nation. NYC is one of the biggest, if not the biggest finance hub. Chicago is also somewhere among the biggest 10 or so.

Anyways, her blog is so wrong on so many counts while she insists on using such a self-righteous and authoritative language that I stopped reading after the first two entries.

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Re: Biased rubbish
[info]tsiklop
2008-04-03 04:04 am UTC (link)
I realize it's spelled dairy, but I can't edit. Hmm, cheese. I like.

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