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MODERATOR X
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Re: Chinese take out again?

Maybe they'll slap Benelli stickers on those Jawa knockoffs the Mongolians ride now (instead of camels).
 

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Laugh if you want about what the chinese own. The local WWII era Geneva steel plant is merrily on it's way to the mainland. They own more of the automotive aftermarket than I care to think about. All you need to do is start looking at COO stickers . Makes you wonder about the future.
 

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See my previous response to Dr. Seruzawa on the steel/cement plant deal.



And they've been buying US debt in the form of t-bills for about two decades now, so they pretty much own us.



Almond chciken anyone?



Personally I don't care if they take over, maybe they'll stick all the LA Gang members in some gulag manufacturing Benellis.



Feed 'em fish heads. And bullets.
 

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The Toad
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Maybe. But as long as the Chinese maintain a communist internal economic system I'll not worry about them defeating any free enterprise economies any time soon. It wasn't too long ago that the tiny island of Taiwan had a larger GNP than the billion-plus population of mainland China. Never yet has a communist economy done much more than barely feed itself. China's growing economy indicates a diminishing of internal communist repression.



If they become truly prosperous then they won't be a threat any more. Funny how that works.



I wouldn't convert my dollars to yuan just yet.
 

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The Toad
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Mmmmm. Chinese take out... Cafe' Kim Rules!

I prefer Mongolian Beef, myself. And the Vietnamese soups there are to die for.

Geneva Steel was bound to fail because the plant was too ancient. Bad mangement and regulation killed it, not the "unfair foreign competition" that the apologists like to blame everything on.

In the 60's a lot of people were worried that the Arabs would take over the US because we were buying so much oil. Instead we discovered that when someone owns a lot of dollars they become reluctant to see those dollars become worthless.

And even if the Chinese own a lot of dollars they can only redeem them here anyhow. Unless you believe that anyone who had the greater part of their wealth in dollars would purposefully destroy those dollars. Well, maybe a few people would but fortunately US University Professors don't have that many dollars.
 

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20 years ago everybody was scared $whitless that that Japan, Inc., was going to own all of the USA starting with Hawaii. Even the usual sober, insightful Michael Crighton fell for that one (remember that awful book & movie with Sean Connery & Wesley Snipes?). Then we all found out that the Japanese currency was mightly mismanaged and the near death spiral of deflation took off there.



Now it's China....blah, blah, blah. The Chinese economy's central bank aint a lot sharper than the Japanese....potential big trouble for them ahead. And I think the Chinese are running an even worse enviro policy than the old Soviets...more potential trouble for them...



5-10 yrs from now - the cycle is speeding up as we (as Ray Kurzweil sez approach "The Singularity"), ya'll 'ull be a-whinin about India....



Oh, and the Chicoms will be out of power in 4-6 yrs. Anyone wanna take that bet?





This branch of the Kommentariat is now closed for the day - I ran out of ellipises.
 

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Re: Mmmmm. MSG & record debt...

The Mongolian BBQ on Manchester & Airport is a favorite.

I'm not arguing the point behind why cement-steel mill are being sold, dismantled and shipped. The Chinese are buying, and we're ready to sell. It's the eclipse of an emipre (ours). Some say a "fattening for the slaughter".

Curchill once said he disliked the Russians because they had an "Oriental streak of cruelty". Considering Mao and his minions made Hitler look like a piker, we ain't seen nothin' yet.

And what happens to our econmy if the Chinese all of a sudden dump the mighty greenback for the Yuan? Divest all those T-bills? I know it sounds crazy, but we don't understand the patience of a people, who would wait generations to vanquish an enemy. Hang us by a rope of our own manufacture (debt & consumption).
 

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The Toad
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Re: Mmmmm. MSG & record debt...

Speaking of Mao I always find it very amusing that Hollywood milquetoasts get far more upset over a few actors losing their jobs (McCarthy hearings) than the tens of millions of people the Soviets and Maoists slaughtered.

As far as the current Chicoms go, no one can predict the future except in terms of the past. The record of commies at taking down the US (or any prosperous nation) is pretty abysmal so far so I'll still put my money on the USofA.
 

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Hard enforce our trade laws against our bankers!!

Well the finest President in modern time has some thoughts on this Trade thing, Trade Deficit, Balance of Payments, etc.

""With over $400 billion in deficit this year and for years to come, how do they pay for that deficit? First, by taking the Social Security surplus that comes in every month and endorsing the checks of working people over to me to pay for the tax cuts. But it's not enough. So they have to go borrow money. Most of it they borrow from the Chinese and Japanese governments. Sure, these countries are competing with us for good jobs, but how can we enforce our trade laws against our bankers? I mean, come on! " Bill Clinton

more thoughts
 

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MODERATOR X
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Re: Purity of essence

Yes, but this modern China is not the same animal as past commie dictatorships.

Historically China has kept within it's own boarders, content to work within it's own sphere of influence. But modern China has huge problems, such as overpopulation and a horribly spoiled environment.

As we've seen China has become a kind of quasi-commie state, embracing capatilist ideals and making them work alongside the portrats of Marx and Engles. And it needs lots more room.

We didn't see an inbalance of trade like this with the former hard like commie Soviet Union, and since they eschewed anything that could be construed as "capatalist", it proved to be their ultimate undoing. They didn't "evolve".

No, the Chinese have blended both forms of government very well, me thinks.

But you can't expect a bunch of ignorant peons to understand anything as complicated as the B-52. oops, sorry...
 

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MODERATOR X
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Re: Whirr...rumble...tick...clank...

Phew, runnin sweet. Got 190 miles on it so far, breaking in real nice. Getting super gas mileage. Seems kind of lean though (Kalifornia Uber Allis).

Of couse I've got to get use to a whole bunch of new sounds from that motor. Kinda sounds like a feed-grinder sometimes. A fast super handling feed grinder.

I dig it. After riding that old Kawacker for so long, it's like going from a Cessna 150 to an F16.
 

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With the Dollar vs Yuan I hope the price is better.. :)
 

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Don't sell the Chinese short. Chinese attitudes to quality are changing rapidly and dramatically. They aren't at Japanese levels, but they are certainly able to put the Italians to shame if they wanted to.



Why do I know? Well, I've been professor in Asian business schools for over a decade, and the one thing I've learned is to never get too confident that I know what the Chinese can, or will, do.



As to another comment about Chinese understanding merchandising (sales), but not marketing. That, too, is changing, and much more rapidly than most Western business people can ever imagine.
 

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I don't want to get on a rant here, but it's bad enough we can't find basics any longer that don't say "made in China". Do we really have to pump-up the Chinese economy by starting to buy luxury items like motorcycles from them, as well? Everything we buy from these clowns drives-up our foreign debt and heats up their economy, which in turn drives-up our cost of living - gas prices for example. Yes, I understand the theory here - we'll topple the threatening communist regime through Western "capitalization". Really? Weren't we better off when they were isolated behind the bamboo curtain. And, of course, the Benelli board of directors must be laughing all the way to la banca to convert their yen to dollars. I respectfully suggest that we are arriving at a point where every purchase warrants pre-evaluation on its US political and economic impact. Afterall, that is exactly what are Chinese friends are doing - pre-determining what US products will be allowed into their country - all to our disadvantage. And that in spite of recent extended favored nation status parity being blantantly ignored by them on a daily basis. Let's send them a message and boycott Benelli bikes. That'll teach'm.
 
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