The USA has consumers, that's the greatest value (but this comes at the cost of debt, lol).
Then there's the tech industry and various software companies that have some sort of purpose internationally.
Chinese Citizens Buy 1 Out Of 10 Homes Sold In California Last Year
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The USA has consumers, that's the greatest value (but this comes at the cost of debt, lol).
Then there's the tech industry and various software companies that have some sort of purpose internationally.
Alright, alright. I guess I could address our oil and mineral reserves... I proley sound daft to completely ignore them in my earlier statement...
Yes, the US has lots of oil, natural gas, rare elements and minerals in the ground. Yes, we have industries that dig them out for us, too. You have a small point, Matt.
However, for many decades, uncle sam has stood in the way of them by making it cheaper to buy their foreign counterparts. In some industries it still does this. Helium being the one exception I know that is pretty much dominated by the US... We're #2 - last place in everything else.
Oil of course is the main ball game though and the "good" news is that since the petrodollar is in mid-collapse, the powers that be have decided to finally start up our internal oil production machine, although it requires dangerous and messy fracking to get at... Still, seems like an acceptable solution, right?
Sadly, there are many problems with this that no one is addressing though. Not only is fracking an enviromentalist's wet nightmare that will compound and grow as their banner issue the more it is used here, (Close to home = enviromentalists see the problem personally & work harder to stop it) but no one is even talking about the fact that we don't have enough skilled workforce to do the job on the level it needs to be done!
So again, the US sucks at making products that other countries and their citizens want. We have the resources, sure, but the unskilled, spoiled laborers aren't helping those resources get out of the ground fast enough.
THEN there's the issue with school/training. How does anyone expect these kind of problems to ever get solved when we have the absolute worst bunch of schools in the civilized world? Again, the government & unions are to blame here for regulating them so much and not letting the free market do its' magic with education.
So we're stuck. Without the capacity to turn resources into product fast enough, we can't turn this debt around, ever. All our good resources will be owned, at the source, by the chinese and other debtors in time.
We just haven't sold them all yet, but we will be forced to sooner or later, like at the ending of a game of monopoly... It's all downward spiral from here.
Yes, the US has lots of oil, natural gas, rare elements and minerals in the ground. Yes, we have industries that dig them out for us, too. You have a small point, Matt.
However, for many decades, uncle sam has stood in the way of them by making it cheaper to buy their foreign counterparts. In some industries it still does this. Helium being the one exception I know that is pretty much dominated by the US... We're #2 - last place in everything else.
Oil of course is the main ball game though and the "good" news is that since the petrodollar is in mid-collapse, the powers that be have decided to finally start up our internal oil production machine, although it requires dangerous and messy fracking to get at... Still, seems like an acceptable solution, right?
Sadly, there are many problems with this that no one is addressing though. Not only is fracking an enviromentalist's wet nightmare that will compound and grow as their banner issue the more it is used here, (Close to home = enviromentalists see the problem personally & work harder to stop it) but no one is even talking about the fact that we don't have enough skilled workforce to do the job on the level it needs to be done!
So again, the US sucks at making products that other countries and their citizens want. We have the resources, sure, but the unskilled, spoiled laborers aren't helping those resources get out of the ground fast enough.
THEN there's the issue with school/training. How does anyone expect these kind of problems to ever get solved when we have the absolute worst bunch of schools in the civilized world? Again, the government & unions are to blame here for regulating them so much and not letting the free market do its' magic with education.
So we're stuck. Without the capacity to turn resources into product fast enough, we can't turn this debt around, ever. All our good resources will be owned, at the source, by the chinese and other debtors in time.
We just haven't sold them all yet, but we will be forced to sooner or later, like at the ending of a game of monopoly... It's all downward spiral from here.
Lets add 100 million more and collapse this fucker. Everyone should be on welfare.
Don't worry Dresden, the chinese are already starting to see US as the 3rd world country as they personally buy up all our good shit and leave us with nothing. I'd say by 2025 or so they'll be completely right about us being 3rd world, too. It'll be a 1-superpower world then, and we won't be anywhere close to it.
This is so temporary though... Sure it made all of us here some money, but can't you see that most ppl in this country have maxed out their credit cards spending so much in the past? Meanwhile, the OP's story is proof that the far larger chinese population is the REAL consumer base with the money to spend... It just hasn't trickled down to everyone there yet, but it will... China does capitalism FAR better than the USA ever did.
Like Apple, Right? The #1 tech company, who makes 100% of its' product in China? Good luck with that argument, bro.
100% disagree!
There are many different reasons this statement is pure bunk:
- 1. We aren't even near the equator here, so we don't have year-around crops or the ability to grow huge crops like bananas, pineapples, coconuts, and the high-yield nutritious stuff they eat most often in tropical countries like where I am now. (Think superfruits, although without the 'live forever' hype. We eat this stuff daily here.)
- 2. Next there is the problem with the agricultural subsidies in the USA. Uncle sam pays through the nose every year for corn & soy to be grown on most of that agricultural land you speak of. The thing is, we don't really want it! 90% of that shit is chemically turned into crap that is bad for us like high fructose corn syrup and cow feed... Neither one of them is desirable to us nor the cows, but of course huge subsidies FORCE us to use them over the more expensive, nutritious things we would be growing on that land instead.
- 3. Then, not only has Monsanto ruined a lot of our soil for certain crops with their pesticide plan, but we had already over-farmed the hell out of most of our orchard land, and as a result we have apples, oranges, and peaches that don't have 1% of the nutrition in them that we did 50 years ago! A peach in the US today tastes like water. Go to france, thailand or Chile and you'll find peaches that tastes awesome, like they used to in the US before you were born... And don't get me started about the vitamins and mineral differences between them!
- 4. Next, remember that our croplands are utterly dependent on illegal immigrants to work them. What happens to our agricultural industry here when americans decide to close the border or some other Dresden-approved, anti-immigrant nonsense?
- 5. Lastly but most importantly, we are officially in 4th place for agricultural product output, behind China, the EU, & India... Which is the same order of our countries by population size, too. In other words, all countries generally make as much produce as their local population needs, since you can't ship produce too far.
Now, If you add reasons #2 and #5 together, you'll see that we're doing very poorly with our agricultural output. Smaller countries like Chile are exporting a large amount of their ag output and it's really good stuff, that I can even buy here in Thailand! The US generally doesn't export very much produce and when it does, it isn't good for you nor considered a luxury good at all.
I really think you guys are missing the big picture here... There isn't one single resource left to save in the USA. Not one. Uncle sam has made sure of that... For every exploitable resource large enough to be an industry, the the feds always find some way to ruin it through high taxes and regulation... If nothing else worse didn't happen to it first, such as soil depletion.
Face it folks, the US is not going to be a very pleasant place to live much longer. Prepare yourselves.
Brad you nailed it man. Vancouver has been this way for the last 15-20 years or so.
Uh, I thought he was using hyperbole to make a point or something. The US population has gone up by 10 million since about 2007, so that's mostly children 6 and under. About 35% of US children are on Medicaid. Illegal immigrants are not eligible for Medicaid.
If we are talking about the last 10 million to reach working ages, then I doubt that only 1.5 out of a 100 of them pays taxes or that 80% of them are on Medicaid.
Why? You keep the money in China and pretend to be struggling.
I knew kids in High School whose parents paid for their homes in cash, Dad worked back in China - mom was here with the kids and RECEIVED BENEFITS due to 'not making over $X' annually.
Double winning.
One thing that china will never have: dime piece bitches. Have you ever heard of a babe from china? Nope and this is despite the fact they have 5 billion people there you would think eventually one would come out but still no.
Nice to see you stand by what you say, and never hire people from third world countries.
Looks like about that. For example, you can get this beauty that was built in 1955 for only $800k.
REALTOR.ca -Property Details V980923
My god that's ridiculous. Vancouver is nice and all, but it's not that nice.
