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Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
So your telling me you would be happy to run to the store and pay double so you can keep someone employed here.

that's just the same as eating all the seed for next years crop

it seems OK this season, but next season?

i wonder why it's become OK to trade with China, but it was not OK to trade with Russia?

there was a time when i would not buy anything from China because it was going to break for sure, then all the American brands slowly but surely began to be chinese made and we cannot avoid it no matter how much we try.

i'm specifically talking about tools. saving a dollar on a tool was not a good idea if you wan to finish a job on time? you need to be able to count on your tool finishing it with you.

thing is? the American manufactures went to China and taught them all they needed to be able to match tools made here. why would they do that? give away trade/R&D to a whole country?

can you imagine somebody in the 1960's trying to sell Russian made eqpt in St Louis Mo even if it had a familiar brand name on it?

the Chinese don't even recognise US patent rights, even the "idea" people sending their concepts there to be manufactured will begin to lose the profits they should get eventually because the Chinese will copy their product and undercut them.

today China (the Govt of) announced they begin cutting capacity on production of all kinds of things, in ohter words? they are cracking down. they are NOT capitalists, it's LIES, and somehow people have confused capitalism with making profit....

China to Study Curbs on Overcapacity in Steel, Cement (Update2)

The government will increase “guidance” of industries including steel, cement, coal chemical, plate glass and wind power equipment, the State Council, China’s cabinet, said in a statement on its Web site today. The government will strengthen controls on approval of stock and bond sales by companies in these industries, according to the statement.

Li Yizhong, China’s industry minister, earlier this month ordered the nation’s steel industry to refrain from expanding capacity. Chinese mills have capacity to produce 660 million metric tons of steel each year and there’s demand for only 470 million tons, Yi said then.
China produced 500.5 million metric tons of steel last year as the world’s largest producer. That’s more than the combined output of Japan, the U.S., Russia and India, the next four biggest makers, according to the World Steel Association. In the first seven months of 2009, China accounted for almost half of global steel output.

of course they had overcapacity, they were building the '08 Olympics on a tight schedule.

Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator

Icon 1 posted      Profile for glassman     Send New Private Message       Edit/Delete Post   Reply With Quote 
while people in America have been arguing about whether to bail out any company here (a good question to ask) the Chinese Govt has actually been building all of their competition. Nothing happens in China without Govt permission. Nobody in China can even speak negatively about the govt. Even google complies with their wishes in order to gain "market share".

the worst part is that the Chinese could only do it with the help, oversight and technical expertise from the American co's themselves....

why? to make an extra 4% ROI?

here's what is really happening and will happen with more frequency:

Rio Tinto - China strikes back
Still smarting from its failed attempt to buy into the Australian mining giant, Beijing makes a new bid to secure its supply of iron ore.

By Bill Powell, senior writer
Last Updated: August 24, 2009: 11:54 AM ET

NEW YORK (Fortune) -- After officials in Beijing last month arrested four Rio Tinto executives for allegedly stealing secrets from Chinese steel companies, China took a brutal public relations beating internationally.

The outcry increased when China said that the businessmen -- including the head of Rio Tinto's iron-ore division in Shanghai, Australian passport-holder Stern Hu -- had been seized by the State Security Bureau and were suspected of stealing "state secrets." That meant they could be tried in secret and, more than likely, not even be able to offer any defense.

Then, on August 11, China announced formally that the four had been arrested, but it had dropped the "state secrets" charge and will apparently base the case on commercial bribery allegations. This was, correctly, viewed as something of a climb down, a tacit admission by authorities that they had overreached.

But it didn't mean Beijing still wasn't angry about Rio Tinto (RTP) having turned away from a $19.5 billion investment that Chinalco -- the state-owned aluminum company -- had planned to make in the Anglo-Australian miner. Beijing's tack now is not just to get mad. It's to get even.

people talk about labor unions being bad? LOL, what happens when the Govt IS the labor Union? that's the very definition of communism.

public relations beatings are just part of the game, next time? they'll actually fabricate the evidence they need to make the charges stick, and the people charged will have no defense.

Its fundamental interest in Chinalco buying into Rio Tinto was to break the stranglehold that Rio, BHP Billiton (BHP) and Brazil's Vale (VALE) have on global pricing for iron ore and other key commodities that China desperately needs -- and will need for decades. (Today, those big three account for over 70% of globally traded iron-ore sales.)
Beijing's outrage at Rio walking away from the Chinalco investment wasn't just a fit of pique -- though sources close to the government say there was some of that. It was that Rio turned around and announced a joint venture in iron ore with rival BHP. "This was China's worst nightmare," says a banker who has advised Chinalco.

Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator

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Icon 1 posted      Profile for buckstalker     Send New Private Message       Edit/Delete Post   Reply With Quote 
Originally posted by jgrecoconstr:
So your telling me you would be happy to run to the store and pay double so you can keep someone employed here.

You bet your azz I would...WHY...because the people that I supported by buying their products would have the money to buy my goods/services...

Here's a hint as to why you are finding it harder to find work...the people that you are supporting (Chinese, Japanese, Canadians, etc.) DON'T spend their money here on construction or remodeling...or for that matter, anything else..


It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
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