From: Convoy Magazine (convoymagazine@yahoo.com)
Date: Wed Mar 16 2005 - 05:03:20 PST
Boy this is one subject that gets me and I must agree
with the comments made previously by others!
1. China is sucking up the worlds raw materials while
pretty much (in general terms) conserving theirs.
HMMM why? When everyone elses resources are eventually
become low, China will still have lots of there own to
fall back on. (strategic concern)
(EG.I have seen several photos showing absolute clear
cutting deforestation of neighbouring countries to
feed Chinese demand. The barren hills lead to a sharp
demarcation where lush forest begins...China. Also as
mentioned by others in this thread, scrap steel, and
oil prices are going higher all the time because of
Chinese demand)
2. Several clothing mills in Canada have recently been
bankrupted by Chinese production, closed down,
thousands of jobs lost. The mighty (Cdn-based) Bata
shoes, closing all Canadian stores due to same. China,
having purchased a US battery maker a couple of years
ago became the world 3rd largest battery supplier
(prety important concern methinks). China just
obtained an important part of IBM.....
Anyway, the two points here are: once the Chinese have
eliminated competition (and weakened Western economies
through job loss), what do you think will happen to
prices? and two, strategic concerns.
3. (an aside) when looking in a hardware store (big
chain type) I asked young sales person.."yeah but
don't you have this item made in Canada?" reply- "Oh
we don't make anything here anymore." Yikes! but
almost true!
4.By saving a few cents in the short term buying
Chinese made stuff, we are doing ourselves SERIOUS
longterm damage..economically, and perhaps
strategically. As much as possible I avoid buying
Chinese stuff and buy Cdn or US. The little extra that
costs is, to me, well worth it to keep my country's
economy afloat and my own countrymen working.
5.Strategically, China is building a vast, and very
modern military, and even if it's not the 1st rate
high tech stuff the US has, to use a metaphor: as
proven in WWII, a thousand 2nd rate tanks, can easily
defeat a few hundred 1st rate tanks, (planes,
missiles, whatever)
6 Prediction: If China invades Taiwan, the US will
huff and puff but do nothing.
Your thoughts?
--- Stephen Grammont <islander@midmaine.com> wrote:
> Fortunately to screw with the US Dollar means near
> certain economic
> collapse for China. And economic collapse would
> likely lead to
> political implosion. So it would appear unlikely
> that they would dump
> the Dollar simply because it would be suicide. The
> real threat is if
> the Chinese start using something less than this as
> leverage in an
> overt way like the US did to the UK many years ago
> over the Suez
> Crisis. In other words, "we can do this and it
> might hurt us, but it
> for sure will hurt you a lot more".
>
> Joe wrote:
>
> " It seems that our government is blind to the
> matter. "
>
> According to conservative thinking, government
> should not only be blind
> but gagged and tied up in locked closet. And in a
> free market economy
> this is, for the most part, the way it should be
> (i.e. government
> keeping its fingers out of the market system), as
> opposed to the more
> liberal point of view where government meddles in
> pretty much
> everything. But both points of view are off the
> mark because
> government is not the problem with the trade deficit
> and its ill
> effects... the consumer/voter is. It is the
> consumer that made WalMart
> bigger than General Motors, not the government.
> Government isn't out
> there shopping at 2am to get the best bargains
> (though neither
> government of the consumer is spending within its
> means <g>). It is
> the consumer that demands "lowest prices" and yet
> bitches about how
> their jobs are being shipped overseas. And it is
> the consumer, as
> voter, that doesn't require its politicians to do
> things like balancing
> the budget, paying down the deficit instead of
> giving out tax breaks,
> and signing FAIR trade instead of "free trade"
> treaties.
>
> One thing can be said... this inbalance can't go on
> forever in this
> direction.
>
> Steve (a devout capitalist who still finds ways to
> NOT shop at Wal-Mart)
>
>
> On Mar 15, 2005, at 11:42 PM, Mil-Veh Co. wrote:
>
> > Yep, China has got us by the greenbacks and they
> could
> > send us into economic Hell at a moments
> > notice...course it would hurt them too, big time I
> > suspect, but then the Chinese are used to
> adversity,
> > not so sure about the typical American. I'm
> thinking
> > Americans are pretty soft at this point. The big
> > question is when will China go for Taiwan...think
> I
> > better sell my 10 shares of Walmart stock before
> the
> > shooting starts!
> >
> >
> > --- JoeYoungInc@aol.com wrote:
> >> Good post, but I wonder how long it would take
> China
> >> to overwhelm
> >> us, the USA, and crush all of our high tech US
> mil
> >> equipment?
> >> To me, it's inevitable. We presently have a one
> >> hundred and sixty-billion
> >> dollar trade deficit with China. We are helping
> them
> >> to become the #1 World
> >> Power. Their industry is so great and demanding
> >> they're building the world's
> >> largest hydroelectric plant. China is largely
> >> responsible for the demand on crude
> >> oil and the price increases. It seems that our
> >> government is blind to the
> >> matter. They're building drive-in theaters in
> China,
> >> because more and more people
> >> there can afford cars now. The smaller countries
> >> they overtake are probably just
> >> stepping stones in their plan for us. Most people
> >> here don't realize what
> >> they're doing by constantly purchasing China made
> >> products and its ripple effect
> >> on us and our industries.
> >> Joe
> >>
> >
> > ===Mil-Veh is a member-supported mailing list===
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> > To reach a human, contact <ack@mil-veh.org>
> >
>
>
> ===Mil-Veh is a member-supported mailing list===
> To unsubscribe, send e-mail to:
> <mil-veh-off@mil-veh.org>
> To switch to the DIGEST mode, send e-mail to
> <mil-veh-digest@mil-veh.org>
> To reach a human, contact <ack@mil-veh.org>
>
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