How is this free trade?

Discussion in 'Economics' started by KINGOFSHORTS, Jul 6, 2010.

  1. morganist

    morganist Guest

    It is because they have enormous natural reserves. They are a reserve currency to a degree.
     
    #11     Jul 8, 2010
  2. England has no natural reserves. Why is their currency so strong then?

    Many countries in Africa have tons of natural reserves, yet their economy is in turmoil. China also has lots of natural reserves.
     
    #12     Jul 8, 2010
  3. morganist

    morganist Guest

    England gas north sea oil. African countries have leaders like malcolm mugabee.
     
    #13     Jul 8, 2010
  4. Currency value is a positively correlated function of political stability.

    The reverse is also true.
     
    #14     Jul 8, 2010
  5. lakai

    lakai

    That seems to be the opinion of a majority of people and they are great points.

    I'm always hearing people rant about how the US should go back to a manufacturing based economy and how it will fix things in this country and that is fine but they fail to realize some important things.

    Do they realize what standard of living a manufacturing based economy has ??

    China's economy is just that. How many of you would like to live in the shoes of a typical Chinese worker ?

    Think about that for a second.
     
    #15     Jul 16, 2010
  6. Neither does Denmark,japan and Singapore
     
    #16     Jul 16, 2010
  7. You apparently haven't done your research! A$$hole "power elites" don't like the idea of people being middle class...they might get free time...and get ideas on how to make money and be free from the slavery the "power elite" have them in...so, the "power elite" set up the World Trade Organization to steal the technology and give the jobs to "undeveloped" nations!

    Don't believe me?

    Check out this link - go and read Article 7 for yourself! Read Article 66 while you are at it. Especially here in the US...we have to ship the jobs and tech overseas - it is part of A TREATY THAT THE US HAS SIGNED!!! READ YOUR CONSTITUTION - A TREATY HAS MORE LEGAL WEIGHT THAN THE LAWS OF THE NATION!!!!!

    http://www.wto.org/english/tratop_e/trips_e/techtransfer_e.htm

    -gastropod
     
    #17     Jul 16, 2010