Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Sadly, I don't think it will worry anyone - most will not even notice. People are so pushed for time in their daily lives they simply do not have the time to fix anything anyway. Increasingly, people don't have the time to take a broken item to be repaired or have somebody come fix it (during working hours)..
My wife dropped a phone handset the other day and broke it, it turns out you can't just buy another phone - you have to buy the whole package of two phones, plus bases and accessories. I can't say I was surprised.
It just the norm these days, and yes, it is an incredible waste.
Ironically, peak oil may solve the outsourcing problem. Transportation is probably the industry most dependent on oil (along with agriculture). If oil costs go through the roof, suddenly it won't make sense to move your factories to China any more.
Joined: Apr 03, 2004 Posts: 7018 Location: My Grandkids' Farm
Posted: Thu Jun 03, 2004 2:34 pm Post subject:
Hi, Hank.
I got about half way down the page. Could you snip or link to the “debunk” part. I’m more worried re; mortgage interest rate increases or other economic wobble in the near term than which conspiracy is the wackiest. _________________ Make a plan and work it:
I'm sorry things are going so badly for all of you guys. I must say for me it is the opposite. I think the economy is doing great. My house which i paid 650,000 for 2 years ago is now worth 1.1 million.... YAAAHH baby! Realestate kicks arse!
I'm sorry things are going so badly for all of you guys. I must say for me it is the opposite. I think the economy is doing great. My house which i paid 650,000 for 2 years ago is now worth 1.1 million.... YAAAHH baby! Realestate kicks arse!
That ain't gonna mean squat when it's worth $200K in three or four years. Sell now, invest in silver and gold, and start renting.
Food prices haven't become a problem yet in South Florida. We still have plenty of affordable and quality all-you-can eat joints. Grocery store food prices may have gone up slightly in the past year, I would say.
You would think Canada would have a better financial situation due to the natural gas and oil exports to the USA. I'm from Canada, and I'm already worried. _________________ "If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"George W. Bush loves poor people. He keeps making more of them." -unkn
I'm sorry things are going so badly for all of you guys. I must say for me it is the opposite. I think the economy is doing great. My house which i paid 650,000 for 2 years ago is now worth 1.1 million.... YAAAHH baby! Realestate kicks arse!
That ain't gonna mean squat when it's worth $200K in three or four years. Sell now, invest in silver and gold, and start renting.
I would not rent. If I were you, I would buy some agricultural land.
I got about half way down the page. Could you snip or link to the “debunk” part. I’m more worried re; mortgage interest rate increases or other economic wobble in the near term than which conspiracy is the wackiest.
A little bit after half way down it reads...
snip
Can anyone confirm that what they state is accurate (M-3 increasing by 46.8 billion over the last week)? The fed site seems to be devoid of such information, and google has no idea what I'm talking about.
Is it hogwash from the get-go?
Yes ... weekly measurements don't mean much, as there are considerable fluctuations (especially in M3 - one of the broadest measures.) And for what its worth, M3 ... as of the end of April 2004 ... was around 9 trillion. In other words, an increase of 46.8B would be about one half of one percentage point (.005). M3 has been increasing fairly consistantly since around 1995. (It grew by 68B in April, and 97B in March).
I'm sorry things are going so badly for all of you guys. I must say for me it is the opposite. I think the economy is doing great. My house which i paid 650,000 for 2 years ago is now worth 1.1 million.... YAAAHH baby! Realestate kicks arse!
Before you celebrate too much. Wait until you have to come up with the money to pay the utility bills after peak oil hits. You might want to think about installing a solar PV array and using a ground source heat pump for heating and cooling. You'll probably even get incentives from your utility to do this.
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YAAAHH baby! Realestate kicks arse!
