[Rhodes22-list] Economics - From Tootles -> Warren Foy, a question and bit of response (answer part is political)

[Foy, Warren]

Ed,

First, at his house, I assume, and, I hope so!  Rummy?  Maybe you could
search the list archives from 5-23-06 for the announcement of the sale
of my boat to Rummy :).

I did not mean for my question to become political, thus, the
continuance of Brad's heading indicating "Economics".  Please remain
with your suggested program of using proper post headings.

My basic question really has nothing to do with China or any other
country but more to do with most American's reluctance to invest in
America whether it be monetarily or with service to our country.

Disclaimer:  I work for a company who's primary client is the Federal
Government (U.S. Army Corps of Engineers, the Navy and the Air Force as
well as others government agencies primarily on the military (as opposed
to the civil works side)).  I take great pride in this as I see this as
my service to my country since I did not serve in the military.  I don't
mind paying federal taxes as this pays my salary.  I do mind paying
excessive state and local taxes, both personally and from a business
perspective as the federal government does not reimburse us for high
local taxes.

Warren



-----Original Message-----
From: rhodes22-list-bounces at rhodes22.org
[mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of ekroposki
Sent: Saturday, July 14, 2007 1:22 PM
To: The Rhodes 22 mail list
Subject: [Rhodes22-list] Warren Foy,a question and bit of response
(answer part is political)

O.K., Warren, just where does Rummy have your boat?  Are you saying that
he
is recycling your boat?

You asked, "Why is so much of the national debt held by China and why
does
the
Federal Government allows this to happen?"  There are several answers to
this.  First, Bush is not a conservative as stated by Dave Lewis.  He is
a
big business Republican and a one worlder.  Second answer is that China
sells more in dollars here than they buy, so they have a surplus of U.S.
dollars (trade deficit).  One worlders allow this action as they say if
we
had import restrictions it would hurt U. S. economy.  They contend that
if
we restricted trade from China then China would do business elsewhere
and
retaliate in other ways.  So the result is that China uses its excess
dollars to buy U. S. Treasury Securities.  

Also part of the problem is that the Chinese currency, Yen, is
undervalued
against world currencies by China.  It is able to maintain that
undervaluation because of their surplus balance of trade world wide.
Bush
maintains this type policy because of reasons stated in first paragraph.

Now on the other side of the issue is that some of that Chinese or
otherwise
foreign stuff makes the U. S. more competitive and lowers our production
costs.  For example, Stan is able to replace tools lost at the plant
with
throw always rather than quality tools.  If his unskilled help is going
to
loss or destroy stuff, they might as well destroy cheap stuff.  This
effect
results in lower boat coast, home costs, car costs, etc.

The total result of increased trade results in more jobs world wide,
some of
the jobs have to be in U. S. because that is where much of world wide
production goes.  All those Mexican and Latino workers do use up
hammers,
nails, power mowers, etc.

So, where is Rummy sailing today?

Ed K
Greenville, SC, USA
Political addendum:  
"Italians know that most Muslims are law-abiding but also recognize that
Muslim males below the age of 40 are responsible for roughly 99 per cent
of
all terrorism worldwide from Thailand to Britain.

Accordingly, all Italian police forces monitor, scrutinize, question and
if
necessary stop for interrogation any person who fits that definition if
he
arouses suspicion. That way attacks can be foiled in their earliest
stage:
when terrorists came to check out potential targets, they were
checked-out
themselves, and felt too exposed to persist. 

The Italians believe in discriminatory police surveillance; they know it
would be idiotic to devote equal time to elderly Japanese tourists, gay
paraders, Scandinavian pensioners and hundreds of other definable
categories
of visitors to sunny Italy. 

Effective foreign intelligence and home security outfits have also
helped to
intercept terrorist threats, just as in Britain. 

But it is the vigilance and activism of rationally discriminatory
policing
that has made the difference. 

http://www.thefirstpost.co.uk/index.php?storyID=7691&p=2


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