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There are a whole lot of things that china is going to kick our a$$ in soon, thank you govt and your infinite wisdom thank you for borrowing trillions of dollars from china.
 

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Yes and the next big thing will be that their cars have all kinds of materials in them causing health hazards. They can have their sales ranking, just like they can keep their melamine laced pet food, lead laced toys, etc.
 

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QUOTE(PhatCat @ Jul 9 2009, 02:17 PM) <{POST_SNAPBACK}>Yes and the next big thing will be that their cars have all kinds of materials in them causing health hazards. They can have their sales ranking, just like they can keep their melamine laced pet food, lead laced toys, etc.

Just buy an American car and you should be fine.
 

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Not surprising to me at all.

And remember - GM sells more cars OUTSIDE the US than it does inside.
 

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QUOTE(Old Man of the Sea @ Jul 9 2009, 01:36 PM) <{POST_SNAPBACK}>Well, China has taken over #1 in automobile sales..........................here is the article.

http://finance.yahoo.com/news/China-passes...ml?x=0&.v=5

Jim

How could this possibly suprise anyone? China has 3 times as many people as the United States.

Translated that is 600 Million more people than the US.

It was just a matter of time. This has nothing to do with ANYTHING other than shear numbers of population.

fenfen
 

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The question is, how long until they are the #1 manufacturer as well?

I'm sure if I thought long and hard I could come up with something we're not already doing in earnest to perpetuating that end, but at the moment it escapes me.

I think I'll go boating and forget the whole mess...
 

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We're doing our best to cripple ourselves. So has Europe for years. All this enviro bullsh*t (cap and trade, anyone?) is going to kill our manufacturing and drive more and more of it to China. They take that money and use it to raise their own standard of living, which includes buying cars.
 

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QUOTE(Pornodave @ Jul 9 2009, 03:08 PM) <{POST_SNAPBACK}>Not surprising to me at all.

And remember - GM sells more cars OUTSIDE the US than it does inside.


Good thing those Chinese people buy those "foreign car" GM products! Imagine the mess the Big Three would be in if those hundreds of millions of Chinese drivers just said "Buy Chinese"
 

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QUOTE(Partner Ship @ Jul 9 2009, 08:19 PM) <{POST_SNAPBACK}>QUOTE(Pornodave @ Jul 9 2009, 03:08 PM) <{POST_SNAPBACK}>Not surprising to me at all.

And remember - GM sells more cars OUTSIDE the US than it does inside.


Good thing those Chinese people buy those "foreign car" GM products! Imagine the mess the Big Three would be in if those hundreds of millions of Chinese drivers just said "Buy Chinese"



Exactly my point!!

You think unemployment is high in Mi now!!!
 

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Manufacturing has been declining since 1995 (I don't have the numbers in front of me).

Our standard of living has already gone down.

There are numerous reasons, but I mainly attribute it to a lack of a gold standard, and a poor savings rate amongst other reasons. If you read the econ blogs, Greenspan is the main culprit (by popular opinion).

NAFTA, Glass Stegall being repealed, Unions (sorry guys), double taxation on dividends, Fannie Mae & Freddie Mac, IMF, Currency manulipation by everyone(Federal Reserve), Lawyers, Overzealous patent laws, Bailouts for Wall Street (Wall Street ALWAYS gets paid first), bailouts of mexico (for Goldman Sachs bond portfolio), asia, etc. Keynesianism, Credit Cards & Loans. OPEC. Pleasing the UN (chickens) Both parties are guilty.

Our lunch has already been eatin' Dinner is next. Manufacturing has lead us out of recessions for the past 100 years.....Not this time. I hear people saying "oh I hear next quarter it's gonna turn around", please...read a book.

Some may say "oh europe has a higher standard of living". Fine. But you won't be boating with $7 gas to pay for the health care, cause it ain't free. Working stiffs don't have POWERboats in europe. OK, maybe a 12 footer...

Good luck to those in manufacturing, especially the youngs ones with college loans, or the slightly olders ones like me...

Manufacturing ain't coming back...
 

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And the "big 3" aren't car companies, they are underfunded annuiants, and health care providers that just happen to sell cars.
 

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gunshow... you're pretty well spot on there, except your assertion that a lack of gold standard is a cause.

Gold is in limited supply, and can't be controlled. A gold standard would lead to deflation and would give individuals and individual institutions undue power over the entire economy. If a bank hoarded gold, that would restrict the monetary supply and inhibit growth. Then if they dumped their hoard on the market it would be inflationary. If someone struck a massive deposit of gold somewhere in the world we'd have rapid uncontrolled inflation. If that didn't happen, the monetary supply would not be able to expand with the economy, leading to steady deflation and throwing our entire borrowing / lending system out of whack.

The gold standard is a popular target of whackjobs who want to blame everything on the jews. Don't buy into it.
 

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QUOTE(Pornodave @ Jul 9 2009, 09:26 PM) <{POST_SNAPBACK}>QUOTE(Partner Ship @ Jul 9 2009, 08:19 PM) <{POST_SNAPBACK}>QUOTE(Pornodave @ Jul 9 2009, 03:08 PM) <{POST_SNAPBACK}>Not surprising to me at all.

And remember - GM sells more cars OUTSIDE the US than it does inside.


Good thing those Chinese people buy those "foreign car" GM products! Imagine the mess the Big Three would be in if those hundreds of millions of Chinese drivers just said "Buy Chinese"



Exactly my point!!

You think unemployment is high in Mi now!!!



I think you will find that the percentage of cars sold in China manufactured in the USA is pretty much close to O..Most cars and components going to overseas markets are manufactured overseas
 

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QUOTE(motocross269 @ Jul 10 2009, 11:34 AM) <{POST_SNAPBACK}>QUOTE(Pornodave @ Jul 9 2009, 09:26 PM) <{POST_SNAPBACK}>QUOTE(Partner Ship @ Jul 9 2009, 08:19 PM) <{POST_SNAPBACK}>QUOTE(Pornodave @ Jul 9 2009, 03:08 PM) <{POST_SNAPBACK}>Not surprising to me at all.

And remember - GM sells more cars OUTSIDE the US than it does inside.


Good thing those Chinese people buy those "foreign car" GM products! Imagine the mess the Big Three would be in if those hundreds of millions of Chinese drivers just said "Buy Chinese"



Exactly my point!!

You think unemployment is high in Mi now!!!



I think you will find that the percentage of cars sold in China manufactured in the USA is pretty much close to O..Most cars and components going to overseas markets are manufactured overseas


You are correct, but if we are using the argument that foreign companies that build here do alot for their home countries than that point must be valid the other way around.

I will only say GM, who sells most of their cars outside the US, didnt have those sales in China and elsewhere - WE would be in a lot worse shape in Mi.
And if China (and elsewhere) starts a big buy Chinese campaign - WE are in trouble.
 

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QUOTE(sleeper @ Jul 10 2009, 09:26 AM) <{POST_SNAPBACK}>gunshow... you're pretty well spot on there, except your assertion that a lack of gold standard is a cause.

Gold is in limited supply, and can't be controlled. A gold standard would lead to deflation and would give individuals and individual institutions undue power over the entire economy. If a bank hoarded gold, that would restrict the monetary supply and inhibit growth. Then if they dumped their hoard on the market it would be inflationary. If someone struck a massive deposit of gold somewhere in the world we'd have rapid uncontrolled inflation. If that didn't happen, the monetary supply would not be able to expand with the economy, leading to steady deflation and throwing our entire borrowing / lending system out of whack.

The gold standard is a popular target of whackjobs who want to blame everything on the jews. Don't buy into it.

We've only been fully off the gold standard since 1968/9. The "can't be controlled" is a totally keynesian view point ( I think Keynes was a fraud). Fiat currency is way more volitile because Bernake can increase the money supply overnight (as he did two months ago). The so called "growth" we've had is an example, i.e. the housing bubble. I also believe that CPI is understated as well. Keysianism is so wide spread and forced that anybody with a different point of view is labled a "wackjob". GDP has been overleveraged and we are now experiencing the ramifications. You cannot borrow your way into prosperity. I understand the gold standard is not perfect (no such thing in economics). Bubble "growth" is useless to me. People have been brainwashed into "growth" via real estate as the ultimate investment (read Case-Shiller, Niall Ferguson). It has nothing to do with judaism. Since Volcker we have esentially had uncontrolled inflation. The Fed "fighting" inflation is a whackjob theory, although most buy into it. The unaudited fed allows all the massive "bailouts". And wages haven't inflated as much as certain asset prices that are financed by overexpansion of credit.

China's reinestment rate is much greater than ours as we have come to believe that consumption spending is the way to prosperity. We need investment spending.

Thanks for the comment as I love discussion economics, especially regarding manufacturing that is so critical to this area which has allowed Metro Beach to become one of the most traveled waterways in the world.
 
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