From: Rick v100 (rickv100@yahoo.com)
Date: Thu Dec 15 2005 - 09:25:44 PST
Stop and think for a moment. The Asia Pacific
countires namely the Chinese and Japanese governments
are the largest purchasers of US bonds.
They are doing at least three things.
1. Indirectly paying for the US war in Iraq
2. Keeping our economy alive so we buy more of thier
stuff while they create internal demand.
3. Buying influence in the US government.
There are lots of websites devoted to the financial
mess we are in.
Rick
--- "Hutterer, John (MPAU)"
<john.hutterer@smiths-medical.com> wrote:
>
>
> Here's an interesting bit of information that was
> published in the local
> paper a few weeks ago. A nationally known economist
> was in town to give
> a lecture to the business community, and the paper
> quoted some
> information from his latest book. Unfortunately, I
> don't remember his
> name.
>
> The national debt is growing. It is growing very
> fast. By the year 2042
> ( a long time from now? No actually only 37 years)
> it will be so great
> that it will be equal to 6 times the Gross National
> Product of the
> United States. Much of the National Debt is owed to
> foreign countries,
> since they are the only entities that are wealthy
> enough to buy our
> bonds in quantity. In 2042 it will take 95% of the
> total tax money
> collected by the federal government just to pay the
> INTEREST on the
> National Debt. That leaves the remaining 5% of the
> taxes that are
> collected to fund the rest of the government. Try
> paying for Defense and
> Social Security with only 5% of the budget. This is
> the scenario as it
> relates to the programs that are currently in force
> under the Bush
> administration. If the policies that were put in
> place by the Clinton
> administration had been followed, the above figures
> would have also been
> true, but they wouldn't have occurred until 2052, or
> ten years later. In
> reality, it isn't much of a difference. The point of
> this is that the US
> is heading towards bankruptcy. At some point in
> time, we are going to
> owe so much money to the rest of the world, that
> they are going to
> basically be able to "foreclose" on us. Of course,
> that isn't how
> nations operate. I honestly have no idea what will
> happen, but it sure
> doesn't look good. Personally, I believe that this
> is just another
> example of how we, as a nation, have made "me first"
> a national mantra.
>
> Hoping there is a way out of the mess...
>
> John H
>
> -----Original Message-----
> From: Military Vehicles Mailing List
> [mailto:mil-veh@mil-veh.org] On
> Behalf Of Rick v100
> Sent: Thursday, December 15, 2005 9:07 AM
> To: Military Vehicles Mailing List
> Subject: Re: [MV] Chinese Products
>
> Its all about profit and loss and we only have
> ourselves to blame.
>
> Since most retirement plans are stock based which
> one doesn't complain
> when the stock does not perform?.
> Which one understands the CEO who gets sacked by the
> board for not
> making the stock increase in value?
>
> Collectively "we" are operating on a me first
> philosohpy in the US right
> into the poorhouse.
>
> Rick
>
> --- laptops <ltps4u@localnet.com> wrote:
>
> > Lets look at this problem a bit more
> > I am in the computer business ( New and Used )
> most all brands are
> > from outside the US like Dell Compaq/HP
> Gateway/Emachines and the list
>
> > goes on.nothing I know of is totally made here.
> > Tools I just wonder where most of the top brands
> are made.I know this
> > the Chinese made stuff is reasonable and when it
> brakes you can pitch
> > it out but now most of it has a full replacement
> warranty.A Chinese
> > screwdriver is 1.00 a Snap On is 8.00 to 10.00 and
> now both have a
> > full replacement warranty I was in Sears and
> Menard's and both sell a
> > very good looking Socket set and Rachet they are
> Black in color and
> > Lazer inscribed with the sizes in Gold real neet
> looking guess what
> > made in China.
> > Lot of the Parts from Auto Zone and Advance Auto
> and it wouldn't
> > surprise me if NAPA was the same are China and
> other outside US
> > manufactor.So when you go get stuff for the Mil
> Veh you get import
> > stuff.
> > Look at Delphi Parts that supplied stuff to GM its
> now Brankrupt.GM is
>
> > talking Brankrupcy and Ford is also going to lay
> off and close some
> > plants..The list goes onI was in the Auto business
> most of my life
> > untill I retired 13 years ago.I remember back in
> the early 60's when
> > Toyota Datsun and others from Japan were bringing
> in Some very
> > substandard Auto's in here and sell very cheap and
> in 1 to 2 years
> > they were rust buckets and the interior whas
> totally worn out all were
>
> > pure Junk.Now we rush to there showrooms and buy
> this stuff and drive
> > by the US manufacture showrooms.Now all the
> outside of the US
> > manufatures have plants in the US and are hurting
> the old line US Auto
>
> > Manufactures.Lot of the US manufatures own old
> line outside US Car
> > Manufatures.
> > This whole thing goes on and on and we as a
> country have let this
> > happen.So we will see whats going to happen in the
> next 5 years it
> > will be intresting Again this time my 10 cents
> worth Gordon
> >
> >
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