Re: 8 lessons on shooting engineers

On Apr 27, 5:23 am, rick_so...@xxxxxxxxxxx wrote:
On Apr 27, 4:46 am, "rick_so...@xxxxxxxxxxx" <m...@xxxxxx> wrote:



I'm almost done here, but for the sake of those who will just get killed by
8's
tomorrow or the next day, I will finish my lecture for you.

Ok so from the mouth of economist Dr Peter Morici in Maryland April 13 2007
"Oil, China and Autos are key"

And its worst than that, because China is gung ho on Brown's Gas, and is using
it everywhere. It is already a big part of their industrial complex.

So thats oil, China, and next will be their cars, or Korea's cars or some
other
country, because we know it works, it is in operation in many cars with
conversion kits even in Canada and America. (I posted one link with the
very simple electrolyser in water can method above)

http://www.finfacts.com/irelandbusinessnews/publish/article_10009760....

So, thats my state of the onion.

Globally, we need a new migrant work force from the third world, working very
very cheaply, to replace the working poor in North America and wherever else
they can be put to work, and that is to be run by the militaries of the G7.

Then we need to embrace the new industrial revolution and make products to run
on Brown's Gas, heat our homes, run our cars, run our factories, grow food do
whatever as if we were on a desert isdland, and only had Brown's Gas to work
with. And we need to do it like we mean business.

Who wants to go through recession, joblessness, bankruptcy, giving back your
houses, cities going bankrupt, federal debt unmanageable selling off to
foreign
countries, going into slavery.

And the easiest solution is the selling off to foreign countries. That is what
we did in Canada.

Its not the good solution. Its the pathetic solution. Thats the solution where
you wish to God you could kill all your politicians, but you are as powerless
to do that, as they are to do anything.

So let me just respond to the China issue, as put forth by Dr. Morici

"The Federal Reserve cannot do much. Cutting interest rates to boost growth
would accelerate inflation. Raising rates to slow inflation would be futile.
Most pressure on prices stems from tight global petroleum supplies, slowing
productivity growth and labor shortages, all exacerbated by Chinese abuses of
globalization. "

Why this has been our policy these last 7 years or so, is so that there was the
option, of lower priced goods, for the middle class and lower class of
Americans.

SOmething that a professor might not even notice, is that a person with a very
small income, could still get by on cheap imported goods, and if we hadn't
adopted that policy, things would be the same, because you were losing the
battle anyways against Europe, and Japan and including China with Europe and
Japan, how would that make your economy better?

They would be like them now, and you would be much worse off, without company,
and it is because you can't compete. You are not productive enough, your wages
are too high, and you are just not ambitious enough. You have too many controls
on what you can do. You are forced to do things the old way, to follow this old
oil economy and war machine thinking and it is out of date.

So you can read your solutions, in the previous article, and see a little of
this, and a little of that, and if the Auto Workers Union wasn't so strong and
all this but it really does not address the differences, between America,
Europe, Japan, and China, and you can inlcude now India and Korea, and
economies which are moving in a positive direction.

Although Japan, relied heavily on America to sell them goods and now China is
taking that from them because they can produce things cheaper. Korea as well.

So essentially we have maintained that unfair global position to assit the poor
and offset inflation.

And while they can no longer afford a house, if they could afford one, they
could buy things for it. Like candles and towels and Ipods.

My point is this. Without a radical new approach, you will not turn around this
slow decline of Rome.

And the selling off of your country has already begun, and it is a silent war.
That is difficult to stop once it starts.

But China will now change its policy, in order that you can make your
adjustments to globalization.

Sink or swim.

http://news.bbc.co.uk/2/hi/business/5178610.stm
Japan has found new markets, where they used to sell a lot of goods to
America, they are now selling more goods to Europe, because their
dollar has fallen, and it is now more affordable to buy Japanese
goods.

And will it be like it was, no. It was like that because the goods
China has been selling lately to America, used to be made in Japan.

America made the Japanese economy what it was.

Now, they have the whole world to sell their products to, and they
sell much better made products and have a name for quality and so they
can sell to Europe and America, and anywhere else the people have
money.

But all those years and a zero percent interest rate. And still they
struggled.

Its not enough to be able to make goods, if you can't sell them
somewhere.

So who will America sell goods to?

That is what the trade deficit is all about and America loves to buy
things from everywhere, but must sell things to offset that.

Soooo when things change, who will buy your goods? In Canada we are
your number one trading partner, but we don't have much money either
and we are tied into the same real-estate problem.

Europe? Will Europe buy your cars?
How about China?
Italy?
Britain? France?
What do you sell then? Machinery, tractors, bulldozers, you have been
selling those to China, but when China's dollar goes up 40% to where
its proper value is, they would be better off buying them from Japan.

So your loss will be Japan's gain in some ways because the remaining
things you do make and sell, they can maybe make and sell them faster
cheaper.

Protectionism? Tariffs and duties, what does that do and will that
help?

That makes imported goods more expensive.

That means that those cheaper items you import, you can't buy and now
have to pay a higher price for domestic goods, which means higher
inflation.

When you are already fighting it.

Magic bullet?

Like lets raise real-estate prices? You mean that last magic bullet?
It ran its course and even those who were buying it from other
countries as an investment as it was climbing, see it is not climbing
and it is now a risky investment and given a chance, they will sell.

Unless it collapses, then they will want to buy it at half price.

So then, what sort of economic policy, could you come up with, without
changing things drastically?
A war?
Wars cost money.

You are extended, so you have no where to go but a radical change.
Keeping in mind the vultures are waiting to pounce on you and are
eagerly awaiting your crash. Willing to help it along as much as
possible and not only in Europe, but also down the block, waiting to
buy your stuff at your garage sale.

And what people don't want, is what Dr. Morici mentioned in his
article was Stagnation. And that is where the Fed is powerless, and
you die a slow death by inflation.
Where each year your foreclosures and forced sales rise by a million
and things look almost the same, but everyone eats hamburger and
slowly things run down. And things move away to other countries which
are prosperous and you have no expendable income so you holiday less,
and you get no raises, and unemployment starts to become visible, and
growing dissatisfaction is the result.
How slow that decline would be I am not sure, because already your
auto makers appear to be heading for chapter 11.
But can the government continue to borrow and can they bail out
companies, or prevent foreclosures, can they make their military
payroll?
Will you run into real problems?
Well I would say that is probably what you can expect, without some
change in direction.
Remember Reganomics?
Will work for food?
Then what happened?
You elected Bush Senior...
"Despite unprecedented popularity from this military and diplomatic
triumph, Bush was unable to withstand discontent at home from a
faltering economy, rising violence in inner cities, and continued high
deficit spending. In 1992 he lost his bid for re-election to Democrat
William Clinton."

You elected Bill Clinton.

And you went through the tech boom.

Which has played itself out, so don't expect Hilary and Bill to be
able to bail you out without something to work with.

Is that reason to rejoice, should the stock market go up again on this
positive news?
lol

Yes, push more paper between yourselves, but keep some in the closet
for when things get bad, so you have something to dry your tears with.


.

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