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They ship in nice looking glossy boxes. I've never seen anyone praise the quality.
Quote:
Originally Posted by jrkliny
I have had the exact opposite observations. The Chinese products are usually extremely well made and the American stuff is more expensive and of lower quality. I think the situation is similar to what we saw 40 years ago from Japan. Initially the products were cheap plastic junk. That did not last long and soon American companies were struggling to catch up with the Japanese quality.
I am curious, which specific American products do you find to be of higher quality than the Chinese products?
Last 10 years or so millions of American jobs were shipped overseas.
While losing that US consumers benefitted from lower prices and US companies collected good profits.
But today do you think it has come down to kill US economically rather than helping with cheap labor??
Perhaps it was done more than it should've been??
China is definetly growing their infastructure and the interest we are paying them is helping. Some of their cities look like you are in NYC at least within the main parts of the city. They are still a long way off from catching us, but they have really been buildig their cities, infastructure and military. There are so many Chinese with new money, they are outbidding on homes here in the US with all cash offers on million dollar plus properties. China is a force that we should not underestimate. With that being said, we also benefit from each other, but we need to make sure our trade deals are smart, something that Washington doesn't do well. They are selling us a lot more of their products, we are borrowing money from them and in return they have been able to really invest in their infastructure and military.
If you read in there that the Fed created our $18T in National Debt, I would suggest you find a better source of information. The Fed is responsible for about $3T of our debt. The rest mostly created via Federal deficit spending.
China is definetly growing their infastructure and the interest we are paying them is helping. Some of their cities look like you are in NYC at least within the main parts of the city. They are still a long way off from catching us, but they have really been buildig their cities, infastructure and military. There are so many Chinese with new money, they are outbidding on homes here in the US with all cash offers on million dollar plus properties. China is a force that we should not underestimate. With that being said, we also benefit from each other, but we need to make sure our trade deals are smart, something that Washington doesn't do well. They are selling us a lot more of their products, we are borrowing money from them and in return they have been able to really invest in their infastructure and military.
We in the US buy stuff from China, and we pay them in USD. When they desire, they trade these non-interest bearing USD for US Treasuries that pay interest. Or they might go out in the world with their USD in order to buy equipment and commodities so that they can build out their country. But they don't use the USD internally. For that the create and use their Yuan.
They ship in nice looking glossy boxes. I've never seen anyone praise the quality.
China makes all levels of products from cheap plastic stuff to advanced high tech products such as solar cells and electronics. Most people do not realize that China has the world's most automated and sophisticated manufacturing facilities.
This is a good 600 page primer on the Federal Reserve. I read the authors material every week.
No wonder your thinking is so messed up. Every actually measurable economy in the world either has or utilizes a central bank. No economies rely on a gold or other commodity standard. The ideas you lap up weekly are worse than antiquated notions. They actually died back in the 19th century, even if it took a few decades longer for people in general to realize it.
And of course, you have again 100% failed to connect the Fed to the public debt.
...we are borrowing money from them and in return they have been able to really invest in their infrastructure and military.
China is working hard to convert to a self-sustaining, consumer-driven economy. They have a lot of work to do on that and many problems to overcome. So far, it isn't really going all that well. But they have no choice -- they can't any longer pretend to be some fragile developing economy in need of protection from all those mean and greedy foreigners.
China meanwhile acquires a great many US dollars as the result of selling us stuff. They use some of those dollars to purchase US goods and services. They use some to purchase stuff from third countries that will take US dollars in payment. The rest they are simply stuck with. All they can do is foolishly sit on the cash or invest it in dollar-denominated assets. Since they are the safest, most secure investment vehicle in the history of the world, a good chunk of those dollars goes into US Treasury securities. Other chunks go into US corporate stocks and bonds and also real estate. We are not borrowing from them -- they are investing in us.
The Fed is responsible for about $3T of our debt. The rest mostly created via Federal deficit spending.
The Fed may HOLD public debt securities as the result of QE and more traditional FOMC operations, but it does not generate any. While GSEs and some other agencies also have debt-issuing authorities, the bulk of public debt is created the Bureau of the Public Debt at its periodic debt auctions. These are conducted to assure that Treasury will have adequate cash on hand to make good on agency expenditures against authorized and appropriated funds.
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