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Alim Nassor
Dec 5, 2012, 4:01:46 AM12/5/12
to
It is symptomatic of the national condition of the United States that
the worst humiliation ever suffered by it as a nation, and by a US
president personally, passed almost without comment last week. I refer
to the November 20 announcement at a summit meeting in Phnom Penh that
15 Asian nations, comprising half the world's population, would form a
Regional Comprehensive Economic Partnership excluding the United
States.
President Barack Obama attended the summit to sell a US-based Trans-
Pacific Partnership excluding China. He didn't. The American led-
partnership became a party to which no-one came.
Instead, the Association of Southeast Asian Nations, plus China,
India, Japan, South Korea, Australia and New Zealand, will form a club
and leave out the United States. As 3 billion Asians become
prosperous, interest fades in the prospective contribution of 300
million Americans - especially when those Americans decline to take
risks on new technologies. America's great economic strength, namely
its capacity to innovate, exists mainly in memory four years after the
2008 economic crisis............
.........It is hard to fathom just what President Obama had in mind
when he arrived in Asia bearing a Trans-Pacific Partnership designed
to keep China out. What does the United States have to offer Asians?
It is borrowing $600 billion a year from the rest of the world to
finance a $1.2 trillion government debt, most prominently from Japan
(China has been a net seller of Treasury securities during the past
year).
It is a taker of capital rather than a provider of capital.
It is a major import market but rapidly diminishing in relative
importance as intra-Asian trade expands far more rapidly than trade
with the United States.
And America's strength as an innovator and incubator of entrepreneurs
has diminished drastically since the 2008 crisis, no thanks to the
Obama administration, which imposed a steep task on start-up
businesses in the form of its healthcare program.
Washington might want to pivot towards Asia. At Phnom Penh, though,
Asian leaders in effect invited Obama to pivot the full 360 degrees
and go home.
http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
Get your gold and silver kiddies.
the worst humiliation ever suffered by it as a nation, and by a US
president personally, passed almost without comment last week. I refer
to the November 20 announcement at a summit meeting in Phnom Penh that
15 Asian nations, comprising half the world's population, would form a
Regional Comprehensive Economic Partnership excluding the United
States.
President Barack Obama attended the summit to sell a US-based Trans-
Pacific Partnership excluding China. He didn't. The American led-
partnership became a party to which no-one came.
Instead, the Association of Southeast Asian Nations, plus China,
India, Japan, South Korea, Australia and New Zealand, will form a club
and leave out the United States. As 3 billion Asians become
prosperous, interest fades in the prospective contribution of 300
million Americans - especially when those Americans decline to take
risks on new technologies. America's great economic strength, namely
its capacity to innovate, exists mainly in memory four years after the
2008 economic crisis............
.........It is hard to fathom just what President Obama had in mind
when he arrived in Asia bearing a Trans-Pacific Partnership designed
to keep China out. What does the United States have to offer Asians?
It is borrowing $600 billion a year from the rest of the world to
finance a $1.2 trillion government debt, most prominently from Japan
(China has been a net seller of Treasury securities during the past
year).
It is a taker of capital rather than a provider of capital.
It is a major import market but rapidly diminishing in relative
importance as intra-Asian trade expands far more rapidly than trade
with the United States.
And America's strength as an innovator and incubator of entrepreneurs
has diminished drastically since the 2008 crisis, no thanks to the
Obama administration, which imposed a steep task on start-up
businesses in the form of its healthcare program.
Washington might want to pivot towards Asia. At Phnom Penh, though,
Asian leaders in effect invited Obama to pivot the full 360 degrees
and go home.
http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
Get your gold and silver kiddies.
Alim Nassor
Dec 5, 2012, 4:25:48 AM12/5/12
to
From another article I read today.
the US dollar as a percentage of global holdings of reserve assets has
declined from 36.6% in 2006 to 28.7% in 2012. Gold has increased from
10.5% to 12.8% and other foreign currencies except the euro increased
from 38.4% to 44.4%.
Russia, China, Brazil, India, and South Africa intend to conduct trade
among themselves in their own currencies without use of the dollar as
reserve currency. The EU countries conduct their trade with one
another in euros, and although not reported in the US media, Asian
countries are discussing a new common currency for trade among
themselves.
The world is abandoning the use of the dollar to settle international
accounts, and the demand for dollars is falling as the Federal Reserve
increases the supply of dollars.
This means that the price of the dollar is threatened.
Concern over the dollar means concern over dollar-denominated
financial instruments such as stocks and bonds. The Chinese hold some
$2 trillion in US financial instruments. The Japanese hold about $1
trillion in US Treasuries. The Saudis and the oil emirates also hold
large quantities of US dollar financial instruments. At some point the
move away from the dollar also means a move away from US financial
instruments. The dumping of US stocks and bonds would destabilize US
financial markets and wipe out the remainder of US wealth.
As I have previously written, the Federal Reserve can create new money
with which to purchase the dumped financial instruments, thus
maintaining their prices. But the Federal Reserve cannot print gold or
foreign currencies with which to buy up the dollars that foreigners
are paid for their US stocks and bonds. When the dollars in turn are
dumped, the exchange value of the dollar will collapse, and US
inflation will explode.
The onset of hyperinflation can be as sudden as the collapse of a
currency’s exchange value.
The real crisis facing the US is the impending collapse of the US
dollar’s foreign exchange value. The US dollar’s value in relation to
silver and gold has already collapsed. In the past ten years, gold’s
price in US dollars has increased from $250 per ounce to $1,750 per
ounce, an increase of $1,500. Silver’s price has risen from $4 per
ounce to $34 per ounce. These price rises are not due to a sudden
scarcity of gold and silver, but to a flight from the dollar into the
two forms of historical money that cannot be created with the printing
press.
the US dollar as a percentage of global holdings of reserve assets has
declined from 36.6% in 2006 to 28.7% in 2012. Gold has increased from
10.5% to 12.8% and other foreign currencies except the euro increased
from 38.4% to 44.4%.
Russia, China, Brazil, India, and South Africa intend to conduct trade
among themselves in their own currencies without use of the dollar as
reserve currency. The EU countries conduct their trade with one
another in euros, and although not reported in the US media, Asian
countries are discussing a new common currency for trade among
themselves.
The world is abandoning the use of the dollar to settle international
accounts, and the demand for dollars is falling as the Federal Reserve
increases the supply of dollars.
This means that the price of the dollar is threatened.
Concern over the dollar means concern over dollar-denominated
financial instruments such as stocks and bonds. The Chinese hold some
$2 trillion in US financial instruments. The Japanese hold about $1
trillion in US Treasuries. The Saudis and the oil emirates also hold
large quantities of US dollar financial instruments. At some point the
move away from the dollar also means a move away from US financial
instruments. The dumping of US stocks and bonds would destabilize US
financial markets and wipe out the remainder of US wealth.
As I have previously written, the Federal Reserve can create new money
with which to purchase the dumped financial instruments, thus
maintaining their prices. But the Federal Reserve cannot print gold or
foreign currencies with which to buy up the dollars that foreigners
are paid for their US stocks and bonds. When the dollars in turn are
dumped, the exchange value of the dollar will collapse, and US
inflation will explode.
The onset of hyperinflation can be as sudden as the collapse of a
currency’s exchange value.
The real crisis facing the US is the impending collapse of the US
dollar’s foreign exchange value. The US dollar’s value in relation to
silver and gold has already collapsed. In the past ten years, gold’s
price in US dollars has increased from $250 per ounce to $1,750 per
ounce, an increase of $1,500. Silver’s price has risen from $4 per
ounce to $34 per ounce. These price rises are not due to a sudden
scarcity of gold and silver, but to a flight from the dollar into the
two forms of historical money that cannot be created with the printing
press.
Hollis2
Dec 5, 2012, 3:31:50 PM12/5/12
to
dollar is over 60% of the world's reserve currency. It has come down from
over 70% in 2000, but that's because of the Euro. However, as the chart
shows, the Euro is now losing ground to the dollar because of the debt
crisis in Europe. It's called the flight to safety.
http://en.wikipedia.org/wiki/File:Reserve_currencies.svg
Hollis2
Dec 5, 2012, 3:44:14 PM12/5/12
to
On Dec 5 2012 4:01 AM, Alim Nassor wrote:
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> ..........It is hard to fathom just what President Obama had in mind
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> when he arrived in Asia bearing a Trans-Pacific Partnership designed
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
>
> Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
I wouldn't make too much of this. China's top trading partners are
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
>
> Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
Europe and the US. That's where they make their money.
http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_People%27s_Republic_of_China
halfpastdead
Dec 5, 2012, 3:48:47 PM12/5/12
to
On Dec 5 2012 3:01 AM, Alim Nassor wrote:
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> ..........It is hard to fathom just what President Obama had in mind
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> when he arrived in Asia bearing a Trans-Pacific Partnership designed
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
> > Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
i wish you could watch your evolution into Chicken Little ..its really
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
> > Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
amusing to watch
*****************************************
I didn't know that climate change was a left/right issue.
---------------------------------------------------------------
Assistant Newsgroup Coordinator, rec.gambling.poker
Whose stated mission is to call out the Asses on RGP
Abbey Johnsson
Dec 5, 2012, 4:11:56 PM12/5/12
to
all the cash, guns, ammo, silver and gold he keeps at his house. come to
think of it, i betcha 'alim' has applied to get on that "doomsday
preppers" show.
Alim Nassor
Dec 5, 2012, 4:50:29 PM12/5/12
to
The point was, thats changing.
Alim Nassor
Dec 5, 2012, 4:50:51 PM12/5/12
to
Alim Nassor
Dec 5, 2012, 4:51:18 PM12/5/12
to
Hollis2
Dec 5, 2012, 9:18:59 PM12/5/12
to
because India can produce the same things China produces at about the same
cost and vice versa. The same is true for most of the rest of Asia.
China has a trade deficit with the two other big economic powers in Asia,
Japan and South Korea. China will continue to depend on the US and
European markets to sell their goods
The big threat to the US is unsustainable debt that makes it unlikely that
the US economy will grow at the rate of India or China in the next decade,
or even longer. What's already happening in Europe will come to the US.
A couple of decades of that and the US may not be the richest nation in
the world any more.
Travel A
Dec 5, 2012, 10:48:18 PM12/5/12
to
Hollis, of course, is right.
India, for example, has a per capita income of about $1200. The U.S. has
a per capita income of about $41,000.
How long do you think it would take for that puppie of a gap to close?
However, in a mere four years, there'll be a new President of the Unite
States with, hopefully, new, sane, economic policies.
Who's going to buy their expensive consumer electroncs devices and cars?
Other Asians or Americans?
Who do you think the Asians want to trade with? Just other Asian
countries, or the United States?
Asian countries don't have significantly growing economies without the
United States.
India, for example, has a per capita income of about $1200. The U.S. has
a per capita income of about $41,000.
How long do you think it would take for that puppie of a gap to close?
However, in a mere four years, there'll be a new President of the Unite
States with, hopefully, new, sane, economic policies.
Who's going to buy their expensive consumer electroncs devices and cars?
Other Asians or Americans?
Who do you think the Asians want to trade with? Just other Asian
countries, or the United States?
Asian countries don't have significantly growing economies without the
United States.
risky biz
Dec 5, 2012, 10:55:49 PM12/5/12
to
On Dec 5 2012 2:01 AM, Alim Nassor wrote:
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> ..........It is hard to fathom just what President Obama had in mind
> It is symptomatic of the national condition of the United States that
> the worst humiliation ever suffered by it as a nation, and by a US
> president personally, passed almost without comment last week. I refer
> to the November 20 announcement at a summit meeting in Phnom Penh that
> 15 Asian nations, comprising half the world's population, would form a
> Regional Comprehensive Economic Partnership excluding the United
> States.
>
> President Barack Obama attended the summit to sell a US-based Trans-
> Pacific Partnership excluding China. He didn't. The American led-
> partnership became a party to which no-one came.
>
> Instead, the Association of Southeast Asian Nations, plus China,
> India, Japan, South Korea, Australia and New Zealand, will form a club
> and leave out the United States. As 3 billion Asians become
> prosperous, interest fades in the prospective contribution of 300
> million Americans - especially when those Americans decline to take
> risks on new technologies. America's great economic strength, namely
> its capacity to innovate, exists mainly in memory four years after the
> 2008 economic crisis............
>
> when he arrived in Asia bearing a Trans-Pacific Partnership designed
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
>
> Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
Why weren't you getting all anxious 10 years ago when America's sold out,
> to keep China out. What does the United States have to offer Asians?
> It is borrowing $600 billion a year from the rest of the world to
> finance a $1.2 trillion government debt, most prominently from Japan
> (China has been a net seller of Treasury securities during the past
> year).
> It is a taker of capital rather than a provider of capital.
> It is a major import market but rapidly diminishing in relative
> importance as intra-Asian trade expands far more rapidly than trade
> with the United States.
> And America's strength as an innovator and incubator of entrepreneurs
> has diminished drastically since the 2008 crisis, no thanks to the
> Obama administration, which imposed a steep task on start-up
> businesses in the form of its healthcare program.
>
> Washington might want to pivot towards Asia. At Phnom Penh, though,
> Asian leaders in effect invited Obama to pivot the full 360 degrees
> and go home.
>
> http://www.atimes.com/atimes/Global_Economy/NK27Dj02.html
>
> Get your gold and silver kiddies.
bi-partisan political class cravenly undertook a multi-trillion dollar,
worldwide war campaign that has had nothing but negative consequences for
our national interests?
You've just recently been here rationalizing our support of cretinous
Israel whose supporters are one of the primary forces motivating America's
asshole militarism which is bankrupting us for the benefit of a tiny,
self-interested group of people. Americans have to be the dumbest mules on
the planet ruled by the most self-servingly shortsighted parasites in
human history.
It's too late now, Alim. You're a day late and a couple of trillion
dollars short.
Alim Nassor
Dec 6, 2012, 1:52:50 AM12/6/12
to
hundreds of millions of people here without even counting China OR
India, and all of them have an appetite for consumer goods that grows
every year. Without China and India and Japan, there's still many
more people here than in the US. And every one of them wants an I-
phone, a tablet computer, a washing machine, a flat screen TV. Not
all of them can afford all of it now, but they can buy some of it now
and more later. Hells there's 300 little Indonesian girls right here
at my plant making about 175 bucks a month and EVERY SINGLE ONE of
them has a smart phone of some type.
Did you even peak at any of the graphs in the first link? Of course
not.
Alim Nassor
Dec 6, 2012, 1:53:51 AM12/6/12
to
time. I love my country, I deplore my government.
risky biz
Dec 6, 2012, 2:38:08 AM12/6/12
to
problem:
http://www.businessweek.com/articles/2012-11-29/dollar-less-iranians-discover-virtual-currency
Alim Nassor
Dec 6, 2012, 2:42:46 AM12/6/12
to
I read that a day or so ago. Where there's a will, there's a way.
Alim Nassor
Dec 6, 2012, 3:01:25 AM12/6/12
to
On Dec 5, 9:48 pm, nine...@webtv.net (Travel A) wrote:
have double the population of the US and an increasing appetite for
consumer goods. Add in South Korea, Australia and New Zealand and
you have 75 million more affluent consumers. Add in Japan and that
130 million more. The whole of Asia is over 3.8 billion people.
The low income is slowly growing and the cost of living is much less,
there is more income available for gadgets than there used to be. The
Indonesian girls I know? Sure they make 175 bucks a month, but the
company provides their housing, their transportation, their work
clothes, and 2 meals a day on work days. They can buy a smartphone
and a data plane for about 50 bucks a month. I've not seen one yet
that didn't have one..
There is tremendous wealth in these countries too. The cities are jam
packed with glittering malls full of consumer electronics stores. The
malls in KL are spectacular, and the percentage of Beemers and Benzs
on the road is extremely high. Even in Ho Chi Minh city, everyone had
a phone, the sidewalk cafes are jam packed with people using the free
WiFi on their computers.
There's 3.8 billion people in Asia. If you think the 300 million
people in the US are going to remain the largest driver of the economy
on the planet for much longer, you are mistaken. I believe the Euro
Zone already passed the US a while back anyways.
My only point was that buying some PM's would be smart. it's not
really even spending money, it's merely changing the form of the money
in your possession.
Travel A
Dec 6, 2012, 7:05:48 AM12/6/12
to
Then he comes back with: "stories from the plant" (chortle). And then
tries to obfuscate by pretending that anyone said that there's NO
intra-Asian market. The Asian countries need the United States to
significantly advance their economies. No one said that there is NO
trade between themselves; there has been for thousands of years;
billions of people "to trade with" notwithstanding, Mumbai's a regular
Beaverly Hills, isnit?
$1200 per capita income.
Previously:
Alim Nassor
Dec 6, 2012, 8:56:55 AM12/6/12
to
stories from the plant"? That's a shitpot more evidence than you have
presented. 3.8 BILLION people Hundreds of millions of them have
much higher incomes than your figure from India. The demand from
ASEAN and other Asian nations DWARFS the US demand.
Here's some hard data for you Can you bring yourself to actually read
it?
Smart phone ownership by country
India 36.6 million
China 81.6 million
Total 118.2 million
Malaysia 5.4 million
Thailand 10.2 million
Indonesia 18.32 million
Total 152 million
US 111.65 million
So, just China and India own more smartphones than the US. Throw in a
few more Asian countries and the number of smart phones outstrips the
US by nearly 1/3rd. And that doesn't count the other millions of
smart phones owned by people in Vietnam, The Philippines and the rest
of Southeast Asia.
Want to know something else? The percentage of smartphone ownership
in China and India is a small fraction of the percentage of smart
phone ownership in the US. So where do you think the future demand
lies? With the billions in Asia, or the millions in the US?
http://communities-dominate.blogs.com/brands/2011/12/smartphone-penetration-rates-by-country-we-have-good-data-finally.html
Want to talk about cars? OK. GM now sells more cars in China than in
the US and has for several years. Where is the largest market for
new cars in the world? China. India is the 6th largest. Combined,
the estimated 2011 sales for just those 2 countries is 8 MILLION more
cars than the US market. That doesn't count Japan, at number 3, or
the millions of cars being sold in the rest of Asia. Again, where is
the most potential for growth? The billions in Asia? Or the millions
in the US?
http://www.cnbc.com/id/44481705/page/11
Travel A
Dec 7, 2012, 12:50:21 AM12/7/12
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Travel A
Dec 7, 2012, 1:22:43 AM12/7/12
to
Alim Nassor blithered:
The point was, thats changing.
Hollis wrote:
It would have to change a lot. China can't do much business with India
because India can produce the same things China produces at about the
same cost and vice versa. The same is true for most of the rest of Asia.
China has a trade deficit with the two other big economic powers in
Asia, Japan and South Korea. China will continue to depend on the US and
European markets to sell their goods
I wrote:
It would have to change a lot. China can't do much business with India
because India can produce the same things China produces at about the
same cost and vice versa. The same is true for most of the rest of Asia.
China has a trade deficit with the two other big economic powers in
Asia, Japan and South Korea. China will continue to depend on the US and
European markets to sell their goods
That's right, Hollis. They make their inflated price profits in the U.S.
Hollis2
Dec 7, 2012, 2:13:49 PM12/7/12
to
can sell things at deflated prices in the US. If the Chinese let their
currency float on the open market, prices of Chinese good would go up in
the US and, of course, American good would be cheaper if sold in China.
Travel A
Dec 7, 2012, 11:58:55 PM12/7/12
to
Pretty sure I meant inflated profits. The profits are inflated because
of the currency manipulation.
of the currency manipulation.
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