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Imagine becoming so successful at your job that you stack up $2 trillion in income, which you conservatively place in short-term U.S. Treasury bonds for safekeeping.

Now imagine that when you try to cash in those bonds to buy a few things for your kids, the clerk at the bank abruptly shuts her window and tells you to go away.

The cheap renminbi made it irresistibly inexpensive for U.S. companies to manufacture goods in China, even after shipping costs. As more companies shifted their operations to China, the U.S. manufacturing base was hollowed out in the name of globalization and profitability. Americans who once enjoyed high-paying factory jobs moved on to lower-paying service jobs.

China didn't need much of anything made in America, so instead of buying cars from Detroit and furniture from North Carolina with its factory profits, it bought Treasury bills. The purchase of all those bills drove down U.S. interest rates. So as middle-class and blue-collar Americans saw their wages stagnate or decline, they discovered they could still keep their old lifestyles by borrowing.

AZGrizFan wrote:

Imagine becoming so successful at your job that you stack up $2 trillion in income, which you conservatively place in short-term U.S. Treasury bonds for safekeeping.

Now imagine that when you try to cash in those bonds to buy a few things for your kids, the clerk at the bank abruptly shuts her window and tells you to go away.

The cheap renminbi made it irresistibly inexpensive for U.S. companies to manufacture goods in China, even after shipping costs. As more companies shifted their operations to China, the U.S. manufacturing base was hollowed out in the name of globalization and profitability. Americans who once enjoyed high-paying factory jobs moved on to lower-paying service jobs.

China didn't need much of anything made in America, so instead of buying cars from Detroit and furniture from North Carolina with its factory profits, it bought Treasury bills. The purchase of all those bills drove down U.S. interest rates. So as middle-class and blue-collar Americans saw their wages stagnate or decline, they discovered they could still keep their old lifestyles by borrowing.

This guy absolutely GETS it.

http://articles.moneycentral.msn.com/In ... spx?page=1

Cleets Part 2 wrote:

AZGrizFan wrote:


This guy absolutely GETS it.

http://articles.moneycentral.msn.com/In ... spx?page=1

But but but... Capitalism - Free Market Capitalism is the answer...

wideright82 wrote:

Cleets Part 2 wrote:

But but but... Capitalism - Free Market Capitalism is the answer...

yes it is. something we do not have, and haven't had.

AZGrizFan wrote:

wideright82 wrote:



yes it is. something we do not have, and haven't had.

Yeah. That's kind of his point.

Grizalltheway wrote:Uh, just like communism, true, pure free market capitalism only works in a vacuum, not in the real world.

Cap'n Cat wrote:First, Z, you present that shit as if no one has ever considered it.

The excesses of globalization in the name of profit is simply capitalism gone haywire. For decades, we smugly laughed at China and bitched about their ways, damning them forever to mediocrity and backwardness, never seriously thinking they could rise to compete with us.

Now, who's laughing? The old maxim about being careful about what someone wishes for applies nicely here.

We dug our hole and will lie in it for the remainder of time, a decadent second class world citizen.

AZGrizFan wrote:

wideright82 wrote:



yes it is. something we do not have, and haven't had.

Yeah. That's kind of his point.

D1B wrote:

AZGrizFan wrote:
Yeah. That's kind of his point.

Uh, it really isn't.

AZGrizFan wrote:

D1B wrote:

Uh, it really isn't.

If you understood economics you'd realize it.

Grizalltheway wrote:

AZGrizFan wrote:
Yeah. That's kind of his point.

Uh, just like communism, true, pure free market capitalism only works in a vacuum, not in the real world.

ALPHAGRIZ1 wrote:

Grizalltheway wrote:
Uh, just like communism, true, pure free market capitalism only works in a vacuum, not in the real world.

Bullsh*t, capitalism works just fine until the government regulates it into oblivion. Now go back to hitting your feeder bar and let the people that have a clue actually discuss this topic.

You may want to take CnC with you.

ALPHAGRIZ1 wrote:Great response..........you got help with it didnt you!

Either way, you sure showed me!!!!!!!

ALPHAGRIZ1 wrote:

Grizalltheway wrote:
Uh, just like communism, true, pure free market capitalism only works in a vacuum, not in the real world.

Bullsh*t, capitalism works just fine until the government regulates it into oblivion. Now go back to hitting your feeder bar and let the people that have a clue actually discuss this topic.

You may want to take CnC with you.

Grizalltheway wrote:

ALPHAGRIZ1 wrote:Great response..........you got help with it didnt you!

Either way, you sure showed me!!!!!!!

Bob pretty much nailed it with his post, but then again, I wouldn't expect you to comprehend anything more complex than the nutrition label on a Twinkie wrapper (watch those trans fats).

Anyway, if you really believe that a capitalist economy doesn't need any sort of regulation whatsoever, so be it. I can't argue with that kind of genius.

ALPHAGRIZ1 wrote:You call me stupid and a "Dumb Mutha Fu*ker" and then you label me a conk?

Who is ignorant/stupid now?




I put a bunch of laughing guys in a line to show everyone how profound I am, like D1B and CnC!

New kind of funny that is.......................oh snap I will post a stupid picture and the place will lose the roof!!!!!





SEE HOW THAT WORKS THE PICTURE LOOKS LIKE ITS LAUGHING!!!!!!!!!! HA HA HA HA HA

AZGrizFan wrote:

wideright82 wrote:
yes it is. something we do not have, and haven't had.

Yeah. That's kind of his point.

native wrote:

AZGrizFan wrote:
Yeah. That's kind of his point.

That was Cleets' point?!?? You'll have to keep translating for me, AZGFan.

ALPHAGRIZ1 wrote:Awwww come on I just want to be like you.


This just in...............I could give a fu*k if anyone takes me seriously.

You have your very lame jerkoff personna, I have mine.


Quick!!!!

Post another picture!!!