WILL 2010 BE CHINA’S SWANSONG YEAR?
It has always amazed me that only in China can money be made out of selling cheap junk. Here we have China bathing in trillions of spare dollars and yet the single reason they are presently the factory floor to the world, is because their production costs are the lowest. If a buck in China [...]
CHINESE WORKERS ON STRIKE; YES STRIKING FOR BETTER WAGES AND WORKING CONDITIONS
Just as the post WW 2 industrial revolutions took hold of Japan, Taiwan and South Korea and were tamed by workers having to be fairly compensated and their employment conditions improved, there is clear evidence Chinese workers are going to arise en masse and withdraw their labor in return for a share of the spoils. [...]
WHICH COUNTRIES HOLD REAL WEALTH?
Put China to one side (because apart from a million or so living in Beijing and Shanghai, the other 1.2 billion live in abject poverty) the only two significant countries on earth who spend less domestically than they tax and export more than they import are Germany and Japan. These are the only two creditor [...]
JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA
The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]
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