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I don't think it has anything to do with a military conflict. It merely means that China will find ways to retaliate economically if it has to.
No, I agree--it is not meant as a military threat--just a strong indication that they aren't screwing around or playing chicken. It means they are not going to back down.
If China stopped selling to us we would be in trouble until we could get back on our feet again and become a manufacturing power house like we used to be.
If we stopped buying cheap Chinese goods they would be in trouble because who else would be buying their exports in the quantities that we do?
I'm so tired of these hyped up headlines coming from the Left where everything is a crisis or a war.
I don't think they meant war. But to your point, do you know how long it would take for the U.S. to become a manufacturing power house again? Especially with so many U.S. corporations doing business overseas. I would have loved for manufacturing to have stayed in this country. But companies need to make the almighty dollar, so they went someplace where labor was cheap. I don't think there are enough incentives to get them to come back either. And besides, much of population can't afford to pay for goods that cost $20-30 or more per hour to make. That ship has sailed.
They need the US far more than we need them. If they don't blink they'll go broke.
Quote:
Originally Posted by Enigma777
No, I agree--it is not meant as a military threat--just a strong indication that they aren't screwing around or playing chicken. It means they are not going to back down.
They'll lose almost 800B in GDP - good luck not backing down.
BTW folks, who is flooding the social channels with "Doom and Gloom for the US if they don't stop the tariffs"? That would be "who is China for $500 Alex"
Last edited by Originalist; 05-29-2019 at 02:45 PM..
If China stopped selling to us we would be in trouble until we could get back on our feet again and become a manufacturing power house like we used to be.
No, you could not.
You don't have the labor to that.
And, Labor Force Participation Rate nothing. That's a big nothing burger.
It was known in the 1990s exactly what the LFPR was going to be this minute. You have an ageing population, and only a moron doesn't know that.
Not only was BLS publishing statistical data correctly forecasting the LFPR in the 1990s, economists like Greg Mankiw were publishing peer-reviewed articles on the economic effects of an ageing population, including the effects on the housing market and the effects on stock prices as Boomers liquidate their stocks to fund their retirement.
You can open up your borders and let anther 40 Million to 60 Million foreigners come in and become citizens, and then you might have enough labor.
If you're not willing to do that, then it's a moot point.
Quote:
Originally Posted by Cape Cod Todd
If we stopped buying cheap Chinese goods they would be in trouble because who else would be buying their exports in the quantities that we do?
The rest of the World.
Standard US practice was to go into a country, force them to accept 92%-8% contracts, then have US companies commit fraud and devalue their assets to avoid giving the host-country the paltry 8% profits, and avoid paying taxes to the host-country, and then not invest one single dime.
After 100+ years of raping countries and hindering their economic growth, the wage difference between US workers and those workers is at fantastical proportions, and those countries can't afford to buy US stuff.
China and the others do it differently. Their contracts are 50%-50% or 60%-40%, and the host-countries actually get that money, plus China makes infrastructure investments, so that those countries grow economically.
Because the wage difference between Chinese workers and those workers is not so great, China will always have trading partners, and literally Billions of people to buy stuff, while the US will be eventually limited to Western Europe a few other developed States.
So stop selling rare minerals to the US is an act of war? Sounds to me like an excuse to start a war with China.
The Japanese thought the US embargo on oil, iron, rubber and other products was an Act of War.
Quote:
Originally Posted by Mathguy
I was listening to NPR on the way to work this morning and they discussed all of this except they didn't even imply "war".
Dishonest scare tactics for ratings and generally political dishonesty.
Quote:
Originally Posted by Enigma777
It is not dishonest--there is actually logic and meaning to pointing it out, and why it matters.
"...The phrase “Don’t say we didn’t warn you” was only used two other times in history by the People’s Daily — in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War..."
Not only that but in the United States, with all of the paperwork required, regulations, environmental lawsuits, and on and on, it will take many years before new mines are open. And then the necessary refining facilities will have to go through the same lengthy process.
And, Labor Force Participation Rate nothing. That's a big nothing burger.
It was known in the 1990s exactly what the LFPR was going to be this minute. You have an ageing population, and only a moron doesn't know that.
Not only was BLS publishing statistical data correctly forecasting the LFPR in the 1990s, economists like Greg Mankiw were publishing peer-reviewed articles on the economic effects of an ageing population, including the effects on the housing market and the effects on stock prices as Boomers liquidate their stocks to fund their retirement.
You can open up your borders and let anther 40 Million to 60 Million foreigners come in and become citizens, and then you might have enough labor.
If you're not willing to do that, then it's a moot point.
The rest of the World.
Standard US practice was to go into a country, force them to accept 92%-8% contracts, then have US companies commit fraud and devalue their assets to avoid giving the host-country the paltry 8% profits, and avoid paying taxes to the host-country, and then not invest one single dime.
After 100+ years of raping countries and hindering their economic growth, the wage difference between US workers and those workers is at fantastical proportions, and those countries can't afford to buy US stuff.
China and the others do it differently. Their contracts are 50%-50% or 60%-40%, and the host-countries actually get that money, plus China makes infrastructure investments, so that those countries grow economically.
Because the wage difference between Chinese workers and those workers is not so great, China will always have trading partners, and literally Billions of people to buy stuff, while the US will be eventually limited to Western Europe a few other developed States.
Good luck with that.
China's population is aging faster than ours, they will soon be obsolete. The only other places with young growing populations are india and Africa.
I don't like it, but America is set to rule the world for the next 200 years at least.
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