€ Dr. Artaud € wrote:

wrote in
:

Unfortunately Cuhulin, this story is all too real.

http://www.nytimes.com/2005/04/21/bu...ss/21auto.html

http://money.cnn.com/2005/04/21/Auto...er_china.reut/ et al.


"Chrysler to sell U.S. Chinese made cars?

Automaker is in talks with Chinese partner to make cars for export to
North America. April 21, 2005: 12:49 PM EDT

SHANGHAI (Reuters) - DaimlerChrysler, the world's fifth-biggest car
maker, is in talks to set up a China venture that would make and export
Chrysler cars to North America, a top executive said Thursday, sketching
a politically charged move."

Remember folks, pull the Republican lever at election time, it is
directly connected to the toilet that flushes American Jobs down the
drain.

And all for profit. But I don't know where their profit will come from
once they actually have to SELL their stuff at reduced cost in India and
China. The profit comes from making something like a radio for $5 in
China and selling it for $100 in the US. Who wouldn't want that type of
profit? So they hurry up and export all the jobs to China, leaving
American workers without the money needed to cough up $100 for a $5
radio. So they're stuck selling the same radio to the Chinese for $15,
and they sell a lot fewer of them because that $15 is half a month's
wages for the Chinese worker. Can you say "sudden crash in profit"?

It's the beginning of the end for this country. I don't believe that we
can survive as a nation of consumers "without" income. How can we have
income "without" jobs? How can we have jobs when they are all overseas?

The rich have tried to solve this by throwing cheap credit at the
American consumer. But there's only so much credit a person of limited
income can take on before their finances go belly up. The rich know the
gig is almost over, that's why they changed the bankruptcy laws to force
people to pay back their massive debts no matter what. But you can't
squeeze blood from a rock, and a massive debt default is coming. In the
most extreme cases, people faced with an impossible bind will kill
themselves. You can't get money from a dead person. Unlike the previous
massive default in 1929, the rich will likely be dragged down with the
rest of us, simply because their fabulous profit margins will vanish.

"Ah, it's just them autoworkers" (sic) many will say, but therein lies
their folly. As the autoworkers loose jobs, so do the steelworkers, the
tire companies, the various firms that supply goods to all of those
industries (suppliers), as well as local convenience and food stores and
restaurants, hardware stores, etc.

As the impact spreads, retailers in general will experience financial
loss and closures. This will further impact their workforce, and so on,
in a domino fashion.

Perhaps unknown to many, the professional fields are being impacted by
the export of jobs. Radiology, for one, where the images are being
reviewed by radiologists from India and elsewhere, as they work for
considerably less money. The marvels of electronics have made this
possible. The digitized information is essentially emailed to the
foreign companies, reviewed, and the results returned by email. Billing
services are being relocated overseas, and various companies are
relocating their "technical support services" overseas as well.

No folks, it isn't going to stop with "just them autoworkers", most of
us will be caught up in these unacceptable loss of jobs.

All the manufacturing jobs have already gone overseas. Now all the
professional jobs are going overseas. When that process is completed,
there will be no jobs at all save for burger flipper and Wal Mart
cashier, and those are people who are less able to pay jacked up prices
on cheap foreign junk. Meanwhile, over in India and China, all those
people making $30 a month will be unable to pay American prices for the
stuff they're making. The result will be massive downward pressure on
prices that will severely eat into profit margins, and the rich will
suffer.

I hate to bring Karl Marx into this discussion, but all this reminds me
of his claim that the basic driving forces of capitalism-the need to
minimize cost while maximizing profit-are on a collision course that
will lead to capitalism collapsing under its own weight as workers who
are paid the lowest wages possible eventually become unable to pay the
highest price possible for goods and services. He didn't foresee credit
cards, but he would probably say that they only delay the inevitable.
Capitalism has gone through this before. In 1929, credit was easy to
get, and people ended up in massive debt with no wealth to pay it back.
When the stock market crashed, it led to a massive debt default that in
turn led to the paralysis of capitalism and the solution of a massive
war (WW2) to get the world economy going again. Today, a massive war
would entail full use of nuclear arsenals, leading to the collapse of
civilization itself, possibly to the point that the survivors become
hunter gatherers once again.



Regards,

Dr. Artaud



www.stevequayle.com Hot Headlines.
I was telling folks around here when Daimler merged with Chrysler that
Chrysler messed up! It is only a matter of time and made in Slanteyed
Chinkland cars/trucks/vans/suv's will be showing up on the American
auto dealers showroom floors and I Don't Like It At All!!!!
cuhulin




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