and condominiums in China....and America has a 6 to 1 trade deficit with the country.
Did you know everything in ones country hinges on its currency.
Did you also know that Retail makes NOTHING and the Government only makes MORE DEBT.
Now, for the past 100 years in America the Government in Washington D. C. has put we the people from a $2.6 billion debt load in 1910 to over $14 trillion today.
And with 1975 being the last year America had a trade surplus more Retail has been born and more and more NOTHING is being made.
See, it???s all about the American currency(George Washington)and just how those dollars float around.
Years ago when they floated around this great union helping each hand George was touching foreigners would had given their left nut just to touch one of them.
But today it be a different story because for the past thirty-six years more and more of those George Washington???s have been sent to foreign lands and now all those foreigners have we the people and Uncle Sam by both nuts squeezing the life out of them.
The dollar is the key in America just like the Mao(yuan) is the key in China.
???It is the aim of good government to stimulate production, of bad government to encourage consumption.??? ??? Jean Baptiste Say
That quote is like 230 years ago and it makes more ???cents??? today than ever before???..remember, the Constitution wasn???t written for a Corporation nor was it written for a Government???.it was written for We the People and the founding fathers with goose quill pens in hand and the penmanship of poets call it the American Dream.
Now, ask yourself what was Sam Walton doing back in 1975 east of Seoul???did it have anything to do with making more products in America???.
Now, fast forward and ask yourself ???.if Sam Walton didn???t take the hyphen out of Wal-Mart and replace it with a big single star Wal*Mart???.was it the same person a few years back that took the star out and put the starburst at the end Walmart*.
Think the word ???rich??????.99% of the people on Earth ain???t there. Yeap, 1% of the total population purdy much dictate very quietly to that 99% just how their money is spent.
But there???s one small problem with them thinking like that???..cause it???s the 99% that hold all the power???it???s in their hand when they go to vote and it be in their pocket book and purse when they go to shop.
Did you know Wal*Mart puts less than 5% foreign in all their stores in China???.one can look at this in two ways???.they are depriving the nice people of China from purchasing foreign made or they are doing for the best of the Chinese currency Mao(yuan) in making sure it doesn???t fall into foreign hands.
Now, remember the 1975 year from above???.
and read what Lance Winslow wrote in that article ???The Flow of Trade in a Global Economy??????.
???Now let us look at Wal-Mart again; you buy a product there, 6% goes to the employees, 10-18% is profit to the company, 25% goes to other costs and 50% goes to re-stock or the cost of goods sold. Of the 50% about 20-25% goes to China, a guess, but you get the point. Now then, how long will it take at 433 Billion dollars at year for China to have all of our money, leaving no money flow for us to circulate? At a 17 Trillion dollar economy less than 40-years minus the 1/6 they buy from us. Some say that if we keep putting money into our economy, it would take forever, but if we do not then eventually all the money flow will go. If China buys our debt then eventually they own us, no need to worry about a war, they are buying America, due in part to our own mismanaged trade, so whose fault is that? Not necessarily China, as they are doing what???s in the best interests, and we should make sure that trade is not only free, but fair too.???
As an American you have the power. If you hold onto George Washington(dollar) he will not let you down.
but did you let him down....
"Observe good faith and justice toward all nations. Cultivate peace and harmony with all... The Nation which indulges toward another an habitual hatred or an habitual fondness is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest ... Tis our true policy to steer clear of permanent alliances, with any portion of the foreign world." - George Washington, Farewell Address, 17 Sept. 1796.
It???s not about a cheaper price to the 1%???it???s about holding all that power that George represents.
Today, the Federal Reserve(private bank), China and Japan hold more George Washington???s than anytime in the history of this great union and the sad part is We the People that has all the POWER let it happen.
In 1960 U.S. goods manufacturing produced a $5 billion trade surplus and if you as an American worker(non-union and union) want those days back in America all you have to do is STOP supporting other countries and start SUPPORTING the United States of America again.
The label Made In America will tell that 1% what it told them sixty years ago.
God Bless Made In America cause the two things Lady Liberty needs less of today is NOTHING from Retail and MORE DEBT from the turnips in Government.
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Now, all you young people can type all you want about tech, the cloud, so-call cheap labor and how to innovate but if you are a young person in the United States of America you had better start typing about Made In America.
America is over $57 trillion in debt and it didn't get there by people using common sense. If the American people don't wake-up to that fact within another twenty years they will witness Lady Liberty kneeling to her knees in the Hudson and someone in Tiananmen Square holding that tablet from under her left arm celebrating what is written upon it.
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oh! Andrew, fifteen cargo ships pollute as much as 760 million automobiles and it takes $9 billion American taxpayers dollars(George's) to clean the ballast tanks of ships each year.
Maybe if you young people would put those gadgets down for a few minutes and give your thumbs a rest you could take time and read this O'fart's comment one more time and twitter it to all your friends.
Retail makes NOTHING....
Governments only make MORE DEBT....
and this O'fart is fed up with both....
Good day my son and have a gr8 weekend....it be your George Washington's to spend the way you like....
“Made in China” has long been derogatory in the United States, but several of China’s inland cities are skipping the dollar store goods and going straight for the products you covet the most.
In a recent report, The Economist Intelligence Unit highlights cities such as Xi’an, Chongqing and Hefei as examples of a new class of manufacturing hub in China — burgeoning centers for automotive, solar panel and semiconductor manufacturing that have little or no history in high-volume, cheap goods manufacturing that “Made in China” is known for.
The authors write:
Typically, industrialisation is a process that begins with labour-intensive light industries such as garments manufacturing, followed by capital-intensive heavy industries and ultimately technology-intensive manufacturing. That was the path followed by China’s most developed provinces—Guangdong, Zhejiang and Jiangsu all cut their teeth in the production of cheap goods such as toys, lighters, watches and clothing. Given today’s trend of manufacturers seeking out lower-cost inland locations away from the expensive coastal regions, one would expect cities such as Xi’an, Chongqing and Hefei to follow a similar path.
That, however, has hardly happened. Chongqing and Anhui have climbed to fourth and sixth place (out of 31 provinces) in provincial passenger car production in 2010. Chengdu, after securing its first major investment from Intel, a US-based chipmaker, in 2004, consolidated its high-tech hub status after the firm relocated its Shanghai plant there in 2009. Xi’an became home of the world’s largest private-sector solar panel research facility, set up by US-based equipment firm Applied Materials in 2009.
The key phrase here: “foreign direct investment.” China is becoming the export capital of the world for electronics and other highly technical products.
For those who read the news regularly, that’s no surprise. Your iPhone is designed in California but manufactured in Chengdu. Your HP laptop is assembled in Chongqing, not Palo Alto.
What made it possible for China to scale up its manufacturing ambition?
The Economist makes two suggestions:
- Infrastructure. “The completion of a national highway network in the short space of half a decade has helped, as has new port logistics facilities for cities with waterway access.” Not to mention all that high-speed rail.
- Cheap labor. “With much lower rates of urbanisation, inland provinces have a larger reserve of rural workers ready to be employed in factories.” Moreover, inland educational institutions are producing many graduates who seek employment.
And I’ll add a third: political support. Because when you have a relatively authoritarian state — as opposed to a multi-party federation — it’s easier to clear the way for action. (And clear they did: the inland cities’ success is the result of strong support going back at least a year.)
It’s no surprise that China continues to improve its economic standing. The question: can it, and does it want to, innovate?
Illustration: The Economist Intelligence Unit