On May 15, 7:35 pm, Dave wrote:
Chuck Harris wrote:
Uncle Peter wrote:

Good God. Another American company gone Pacific Rim.

Not to worry Peter, they are all going as we slide our
way into third worldness.

And all so we can get xyz for a few bucks less at Wally World.

The part that annoys me to no end is when the USA made product
becomes made in China, the price to the consumer stays the
same. The profit soars, but the price doesn't change, or
goes up.

-Chuck

The profit SOARS. That's a shame because it means your retirement account SOARS,
your IRA SOARS, your 401k SOARS, etc. We really have to watch that profit
stuff, it's too good for us.

Actually it is. Like rich foods it can kill us. It is killing us.

Corporations are groups of people, my IRA, my 401k, my retirement plan, who
invest our money in corporations in the expectation that they will make profits.
Profits increase the value of equity [stock shares] and the amount of money you
can draw on when you retire. If profits are not made then your IRA, 401K, etc go
bankrupt and you will never retire.

Be careful of that profit stuff. It may be too good for you!


Hopefully you will die before the house of cards collapses....

I don't say that to be mean: the notion that we can outsource to
China and have it made for nothing while profiting from it forever is
nuts. The Chinese are going to either sell the tech to all comers at
just over cost and disintermediate you, or they will keep the quality
of yore and raise their price to you, disintermediating you.

Like Harry Mudd, you will get tired of hearing the "d" word.

The Chinese do not need our "service' and "knowledge workers" to make
50- or 5- year old technology. In fact they can natively build
microprocessors two generations-i.e. 36 months-behind ours. Our only
advantage on an absolute basis is the leading edge, and in having an
aerospace level supply chain with melt-to-ship traceability.

When they have that, they will dump the dollar and implode your
precious 401K and tech stock holdings. It will ruin them in dollar
terms, BUT THEY DON"T CARE. What are we going to do, repossess their
houses? Ruin their credit ratings? Refuse them future check cashing
services?

It's not as if they are a family living in St. Louis or Seattle who
could be put out on the street. They own their street, their houses,
and have a military to keep it so. The rules of consumer credit do not
apply to sovereign nations with effective militaries.