MrRodgers
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quote:
ORIGINAL: Termyn8or
OK, let's take that direction. The US and China get pissed off at each other. China only holds something like 12 % of the US debt, so the US might forced to buy that back. That means coming up with a little bit over a trillion bucks to spare. And it is not just coming up with it, it is that it is now on the market.
But that would not be our undoing. It would make it rough but that's about it. Now I thinnk we can get back to the point where we can make our own drywall and cars, but we have a long way to go to make TVs, computer boards and smartphones. Massive cost tooling up for that. And that means the cost of those items will rise dramatically. You think $400 is high for a top of the line smartphone ? Watch it double.
And it would be alright if they lasted ten years but they pretty much force you to upgrade every once in a while to stimulate their bank account. When they hit $1,000 people are not going to be able to do that. But then maybe they will. If we buy nothing from China it will most likely have to be made here. The Germans certainly are not going to start making drywall for six bucks a sheet when they got the skills to make so much more.
Cutting ties with China would mean more jobs in the US, but also a drastic increase i the prices of many things. They are goig to have to be produced moderately, and built to last or people simply will not have them anymore. If I pat a fucking grand for a TV set I want it to last ten years. And this will shut the software industry down because the hardware will be so expensive nobody will want to upgrade. And that's alright with me because every fucking upgrade takes things away. I could do more what I want in Windows 98. But that stringing you along by the ring in your nose will stop when your money stops. You need new hardware, oh now you need new software, oh now you need new hardware again, and you need new software again. I know it is not really a conspiracy in the colloquial sense, it is like cars and gasoline. You make cars that can run on our product and we'll make our product run your cars. The hardware software thing is alot closer to an actual conspiracy than that. And you can't tell e that they could not have patched up 98 to make it fairly secure. They can do anything they want to the software, it is just that they chose to do what makes them the most money.
But with the demise of planned obsolescence the money wheel slows down. They do not want this. The proverbial "they" make money when money moves. They would like you to just throw everything you own in a dumpster every six months and buy new. Everything. Even ham.
Ham was invented as a way to preserve pork by removing the moisture which inhibit bacterial growth. They still do it, salt it or smoke it or whatever. But then after it gets the flavor they pump water into it, which means it will spoil. They put the ECM in cars where water is likely to pool and corrode it. They put electrolytic capacitors near heat sinks, knowing full well that heat destroys them and the product fails. I have one example of a circuit SPECIFICALLY desiged to corrupt the software in a piece of electronics after a certain amount of time. If anyone here knows electronics I can provide the partial schematic and explanation.
The world economy works by filling landfills. This cannot go on forever. If we don't stop, it will stop and the consequences will be worse. I say we default on the national debt now before it gets tot he point where we lose everything. That has consequences but one day there will be no choice.
Germany I think did something similar years ago, refused to pay off some bonds because they happened to be in trouble. Yup, even Germany has thieves. Some people bitched but it was in the contract and perfectly legal. The US probably has the same policies attached to their bonds. However this refusal to honor thing is supposed to be temporary. With the US it would have to be permanent because we cannot create the wealth without real industry.
T^T
Two things. Nobody can 'force' the US to buy back its debt. Once you buy it, you are married to it unless the owners just put it on the open market for sale and take the loss. I wonder just how it is that so many people have all of these crazy misconceptions about US debt ? And BTW, China owns about 10% or less of US debt.
The only thing that would likely mess with US finances would be as I've suggested, some false flag bank ops that shut down the banks which would not be much different than FDR's 'Bank Holiday' which with the cooperation of the Fed, was a resounding success.
HERE
Also, as long as China remains such a profit center for western corps. almost exclusively due to its cheap labor., the US and nobody else is going to change that...only China can and they aren't. I have an OP coming on the power of the almighty profit incentive.
< Message edited by MrRodgers -- 8/12/2016 12:37:32 AM >
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Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith
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