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America threatens trade war with China

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posted on May, 13 2009 @ 08:50 AM
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Originally posted by marg6043
... after all they better don't do anything to make China mad, you don't bite the hand that feeds you.

I believe we are making China mad every time we print up more bailout money. In fact, it wouldn't surprise me if this whole economic mess was created to cheat China out of what we owe them.

Ya know, every time we print up more funny money, we are reducing the cost of all that debt we owe China. I mean, 12 trillion US dollars can buy a lot today, but a year from now it may only be able to buy half of what you could a year ago. So, what we are doing is cheapening our currency so that, in effect, when we do end up paying China back, we'll be, essentially, paying 50 cents on the dollar we owe them.

This economic recession may have been started by us intentionally, to deal with all this debt we have incurred. This would be no different than, for example, if you held 10 percent of the share of GM, and then one day GM issues more stock while not increasing their actual net worth/value/revenue. Suddenly your 10 percent stake in GM has become a 5 percent stake, and you realize you've just been jacked of half of what you thought your shares were really worth.

This comes at a high cost for us, and it's called double digit inflation. Of course, on the up side, if you owe $20k on your credit cards, a year from now it will feel like you owe them half that amount, because inflation has doubled the cost of everything. $20k may represent half your annual income today, but it could end up representing a quarter of your pay a few years from now as the dollar continues to deflate and inflation pushes up the cost of everything, including labor and wages.




posted on May, 13 2009 @ 09:19 AM
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Just a hunch, but think The 'New World Order' is behind all this bull#. It's them making their play to disrupt the world for their domination plan. Just think of it. In a short space of time we have Swine Flu, Trade wars, Iran threatening Israel, Obama trying to boot China out of Africa because he says they are reaping the rewards of the Oil & Gas over there.

There's so many world threatening things happening at once.

Sounds fishy to me hence I reckon the NWO is making their move.....

What do u guys think?



posted on May, 13 2009 @ 09:37 AM
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It's labor, material cost is nothing. A sales rep told me once that a certain product that sold for 30 dollars, and is made in North America had a material cost of only $5, add another $15 for labor to make it, and then the retailer needed there cut $10 mark up.

China even with a stronger currency can pay there people less, if they pay their people 1 US dollar and hour verses a factory that pays it's workers $12.50 an hour you still will never compete.

And because they have so many people begging for work over there, they can get away with it, and will do so until they have some sort of workers revolution over there. Then production will shift to India, and the cycle will start all over again.

America & Canada have a standard of living and inflation that has priced themselves out of the market for most manufactured goods. Unless the shipping costs are just to high, which is true for certain items. An example of that would be landscaping concrete blocks which are usually made locally,



posted on May, 13 2009 @ 09:44 AM
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reply to post by Divinorumus
 


Yes but remember that China has been using the devaluation of their currency to kill Americas exports while they get all kind of concessions on theirs.



posted on May, 13 2009 @ 10:06 AM
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reply to post by Blue_Jay33
 


Very good observation.
One thing that we tend to forget is the rising or soon to be rising cost of fuels. It's one thing to produce cheap products it's another to bring them to market and when fuel costs skyrocket again then it would become more costly to ship items abroad.

China has been doing this for years. Everybody knew it but nobody cared too much cheap money sloshing around now that everybody is tightening their belts people are starting to count their pennies and the knives will come out at the negotiating tables.




[edit on 13-5-2009 by SLAYER69]



posted on May, 13 2009 @ 10:14 AM
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Originally posted by Common Good
The way this sounds to me, its pretty simple really.

Dealer one(USA) has a bag of sugar at the price of $50.
Dealer two(China) has a bag of sugar at the price of $45.
Dealer one gets mad at dealer two for selling cheaper goods to stay in buisness while driving dealer one in the dirt.
So Dealer One wages war on Dealer Two to keep the Market fair.
Makes sense to me.

If I am way off on this, hip me to the game.


except in this case, dealer two's sugar probably has trace amounts of lead in it....
making the $45 severely over priced

[edit on 13-5-2009 by Fremd]




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