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Agman on Trade Question

RoperAB

Well-known member
agman said:
Econ101 said:
RoperAB said:
I dont know why you want to talk about Communist China? I started to read the article and then I got thinking, what does this have to do with anything?

All to get a short term gain so you can get elected. Agman applauded the capital surpluses we have in the world now, but it comes at the expense of the U.S. economy and the production of goods here.

It is unsustainable.

Fact, the U.S economy is the largest in the world at $12.6 trillion dollars soon to be $13 trillion. This massive economy is growing at a 3%-4% rate and its absolute annual growth is twice that of China. I quess our economy is really suffering!!!!!! It has been and remains the envy of the world.

The new Fed Chairman understands your comment "It is unsustainable"
so much so that he reminds himself he has heard the same for over 50 years... and the Energizer Bunny, the U.S. economy, just keeps on going. In short he has come to realize the RESULTS have never met the expectations of the naysayers. More importantly the naysayers have consistently been proved to be wrong. RESULTS... RESULTS..... that is what counts.

Agman I never wrote
All to get a short term gain so you can get elected. Agman applauded the capital surpluses we have in the world now, but it comes at the expense of the U.S. economy and the production of goods here.

It is unsustainable
 

RoperAB

Well-known member
Just one thing that everybody is missing.
China is a menace. They are like a great big North Korea and Iran put together.
What is to be done about them?
#1 WW3 to disarm them
#2 Another Cold War(very expensive)
#3 Do what we are doing now which gives us influence and kind of makes them not so much of an enemy
 

Econ101

Well-known member
RoperAB said:
Just one thing that everybody is missing.
China is a menace. They are like a great big North Korea and Iran put together.
What is to be done about them?
#1 WW3 to disarm them
#2 Another Cold War(very expensive)
#3 Do what we are doing now which gives us influence and kind of makes them not so much of an enemy

I don't think the U.S. is getting enough of #3 in the deal. That is my argument. When China takes the benefits of trade and buys our national debt instead of our products, we are getting the wrong end of the deal. It decreases our interest rates, sure, but it hides the effects of overspending by the U.S. govt. so there is less accountability and puts additional tax burdens on my children and theirs. It also does not help the avg. Chinese. It concentrates economic power in the hands of the few and helps to develop worldwide oligopolists that will have more and more influence over our way of life, freedoms, and liberties as well as those in countries like China.

We should seek the benefits of of #3 instead of allowing the current U.S. govt. a free ride on the compexity of the deal and encouraging the current U.S. adminstration to roll over for China by their threat of taking the capital surplus away. China has already made hints at doing that over Taiwan.
 

Sandhusker

Well-known member
don said:
so basic that your analysis was so shallow that it's totally invalid. can't believe that you're in finance with so little understanding of economics.

It was intended to be shallow, Don. I'll ask you the same that I asked Bill and Agman; please point out my inaccuracies.
 

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