You mean legit stuff manufactured in China or immitations that are blatant rifoffs? I have no problems with buying legit stuff made in China.
http://youtube.com/watch?v=ei7RuxX8u24&mode=related&search= I have a problem buying Chinese goods, because it's like how I trade every one is buying cheap Chinese stuff (herd mentality), so I do the opposite that's just me
&search I don't worry about it much anymore as I have no control over any of it. The Chinese do a good job. The last time I was upset over a product and its' source was soon after 9/11. The company I worked for then lost two aircraft that day. Soon thereafter shirts began to appear in our company store, bearing the US flag embroidered across the breast pocket along with "United We Stand". On the label in the collar was "Made in Pakistan"...they can keep their shirts!
. November 10, 2006 SouthAmerica: It is just a matter of time for the US dollar to be trading at US$ 1.40 = 1 Euro PS: Things to keep in mind regarding the US dollar: 1) The tax break for repatriation of profits has ended in Oct 2006 â That means that the positive impact on the value of the US dollar caused by the repatriation of profits from other countries that happened during 2006 has already had its full impact in the value of the US dollar. 2) The price of oil has declined in the last few months â in turn generating less US dollars for the oil producing countries to park in the US financial markets. ************** FOREX-Dollar slides to 2-month low vs euro Reuters - Fri Nov 10, 2006 1:23am ET By Eric Burroughs TOKYO, Nov 10 (Reuters) - The dollar hit a two-month low against the euro and a six-week trough versus the Swiss franc on Friday, sliding for a second day after China's central bank chief said it has a clear plan to diversify its $1 trillion in foreign exchange reserves. â¦The U.S. currency tumbled across the board on Thursday after comments from China's central bank governor, Zhou Xiaochuan, stirred worries that Beijing may start to shift some of its massive dollar holdings into other currencies and assets. Analysts said that China's central bank has made similar comments before and the latest remarks were used as an excuse to sell the dollar, which was already undermined on Thursday by a soft University of Michigan consumer sentiment survey. The euro was up 0.3 percent at $1.2860 <EUR=> after earlier climbing to $1.2868 on electronic trading platform EBS, the highest since the start of September. â¦The market will also tune in to what Fed chief Ben Bernanke has to say on the economy and prospects for overnight rates to stay at 5.25 percent when he takes questions after delivering a speech in Frankfurt. .
. November 10, 2006 SouthAmerica: There are also other negative trends that will have an impact on the value of the US dollar in the coming months. But it is just a matter of time for the US dollar to be trading at US$ 1.40 = 1 Euro. We will get there. The Invest in USA Act, which permitted foreign subsidiaries of American companies to repatriate earnings back to America at a lower tax rate of 5.25 percent for one year, was included as part of the American Jobs Creation Act (AJCA). AJCA was signed into law by President Bush October 22, 2004. Repatriations Surge in Response to Tax Cut 2005 Repatriations Totaled 1.74 Percent of GDP, and in 2004 was 1.76 percent of GDP. Repatriation flows were nearly identical at 1.74 percent of GDP in calendar year 2004 and 2005. In fact, International Strategy and Investment Group (ISI) tallied 350 companies announcing $290 billion of repatriations. ISI estimates a total of $325 billion will ultimately be repatriated. Source: ISI Portfolio Strategy Report, Page 3, March 3, 2006 In response to lower tax rates, foreign subsidiaries increased their repatriations six fold from $36 billion in 2004 to $217 billion in 2005. In 2005 $217 billion US dollars were repatriated to the United States, and in 2006 until the expiration date of this corporate tax break it is estimated that over $ 100 billion US dollars have been repatriated to the USA by the end of October 2006, and the effect of the repatriation of profits has already had its positive impact on the value of the US dollar. This repatriation of earnings from foreign subsidiaries of American companies back to America had a positive impact in the value of the US dollar against currencies such as the euro as long as that party lasted, but now that party is over. ******** China sticking with original reserve shift policy-Zhou Reuters - Fri Nov 10, 2006 FRANKFURT, Nov 10 (Reuters) - China is not changing plans it has had in place for years to diversify its foreign exchange reserves, Chinese central bank governor Zhou Xiaochuan said on Friday. "We already have many reserve diversification policies. We stick on the existing policy," Zhou told reporters on the sidelines of a conference in Frankfurt. ******** FOREX-Dollar slips on talk of China reserves shift Fri Nov 10, 2006 9:49am ET By David McMahon NEW YORK, Nov 10 (Reuters) - The dollar hit new 2-1/2 month lows against the euro and an 18-month low against sterling on Friday after a top official said China's plans for diversifying its $1 trillion reserves included looking at currencies. The dollar tumbled for a second straight session after Zhou Xiaochuan, the Chinese central bank governor, said that China planned to diversify its assets across different currencies and investment instruments, including in emerging markets. Analysts noted that China has pointed to such plans before, but the news rekindled worries that any diversification by China away from the dollar, which analysts reckon make up round 70 percent of its reserves, could hurt the greenback. The news also provided a good excuse for speculators to sell the dollar, especially coming amidst rate rises by other central banks that are starting to erode the dollar's relative interest rate appeal for yield-hungry investors. â¦In early U.S. trade the euro was up 0.3 percent on the day at $1.2865, having hit a peak of $1.2900, its highest since Aug. 21. .
China will rule the World. everything you own belongs to China. No use trying to fight it. This is the way to be.
When I was studying ChE at Lehigh in Pa in the '60s, the local angst included the loss of Scranton's shoe industry to Korea. Today I don't think you could afford to make normal shoes in Korea. When Peak Oil occured in 1970 in the US, I was about to vote for Carter because he was a graduate of the U.S. Naval Accademy Nuclear program. I could see very clearly that the US would be a has-been someday if we let energy assendency move overseas. Just like Ike and the space program, he blew it for me. I voted for Bush, but blanched when I realized he didn't have the wisdom of his father. I saw Irag as ungovernable. His rhetoric so far is the stupidist analysis of a geopolitical region in the history of the world (that's not my point, he blew any chance the US has of winning the hearts and minds of what is mainly a beautiful faith and a terrible theocracy). I am currently spending a couple of months in China helping Chinese engineers displace over-priced Western engineers in obtaining billions of dollars of work in formely Western-dominated areas. Am I happy? Well, I haven't slit my wrists, but if those $85,000/yr engineers and their $125,000 -$250,000 managers hadn't been getting 1% morgages to generate money to buy $4,500 Chinese Hot tubs I would be happier. See http://www.made-in-china.com/showroom/gzbiaopai
I have the opportunity of living in different parts of the world..and have watched first hand...differing government policies at work... It seems as though the main problems stem from the idea that all people ...races...etc.. are equal...and the policies for one group will work in the same manner for the next group... This holds true with regards to particularly US policies in that it seems as though you have text book people being dropped in a street smart non text book world... Parisians are rude to Americans because they were not very knowledgeable about Parisian ways... The same holds true for any group of people...any country... Just look at the North South...East West issues in the US...the people are very different...even in the same country... .......................................................................................... What this means is that people who are responsible for policies must not be of the text book type...they have to be street smart about the country for which they have responsibilities... The US system does not even have a system that is capable of electing a street smart president...It has adopted a type of inter puppet regime...which is dominated by those who have the most money.... With regards to Iraq...it was even worse...the decision was mostly about rising oil prices and the oil industry...upheaval in the middle east meant one thing for certain...and that was higher oil prices...and as a result Iraq has actually been a huge success in that Bush Cheney authorized the war for this reason...and as a result these companies have made more money than any other companies in the history of the USA... ................................................................................................ There was absolutely no effort made...to get street smart about Iraqi people first...to learn what really had the possibility of working with regards to the Iraqi people... Bush Cheney could have cared less about getting street smart... ........................................................................................ The same holds true for China....etc... The US does not have street smart people with regards to what works in China...They have Paulson....Paulson knows how to capitalize companies..but in terms of being street smart...the answer is no.... Is Bush street smart ? With regards to any country...??? No..he thinks that is the other guys job while I go out and play golf...and spend more of my trust fund money... Bush is not even street smart in the US.....He is just an oil company puppet...as is Cheney..Rice...etc... .............................................................................................. With regards to government policies....you need a lot of street smart people in the right places.....If not...the countries affected will just suffer more fiascoes....caused by textbook idiots...people who are educated way way beyond their intelligence... ................................................................................................ And by the way SouthAmerica... I would like to commend you on your reasoning and your calls ...a lot of your commentaries are proving to be correct...
Hello Libertad. You have hit the nail on the head. As New Zealanders currently living in Buenos Aires, my Wife and I have lived in several countries including the US. The trick is to make friends with the locals and the local culture otherwise there is little point in leaving your own country. We asked in BA, "where is a good place to get an american breakfast?" I replied Houston. When the US was handed the reserve currency at the end of WW2, Churchill offered some sage words of advice. Subsequent world history has shown that these words were ignored ( probably never understood in the first place) The US does not have a foreign policy and has never had one, for the reasons that you have outlined. Rather it has an offshore extension to it's domestic policy, which is easily recognized by the world community as being self serving only and formed by the military/corporate sector at that. To say that the chickens are now coming home to roost is an understatement.
" textbook idiots...people who are educated way way beyond their intelligence... " libertad, that is a great line.