JC Collins & Readers Thoughts on “The New Industrialization of America”
sturgismaximus April 9, 2014 JC. Just finished reading a speech believed to have been given by Chinese Defense Minister Chi Haotian published on Peacehall.com on 15 Feb 05. (translated and published on The Epoch Times.com)
If legit, this may explain at least one reason why China is buying up all this American real estate. I wish I shared your optimism!
Axx fann (@fann_axx)April 9, 2014 China has purchased many of the abandoned factories along the Ohio River and elsewhere. They are in fact investing in the U.S.
I am in agreement with Mr. Collins essay. Other countries are taking root in the U.S. as well. We are witnessing a unique change in the world…
Dripfood April 9, 2014 Yes. After experiencing some initial hurt of the breaking of bought and forced ‘friendships’, America will probably discover the potential of the true friendships.
Andrewfitts April 9, 2014 “The people of the United States need not fear a devaluation of the dollar or its removal as the worlds primary reserve currency”
Wow JC, that’s quite a statement! You’re correct, but only if people don’t mind a massive reduction in purchasing power, and massive inflation for imports. Yes, eventually the US will again be a competitive exporting nation, but this will take some time. In the interim, all hell will break loose. Newly awakened people will be PISSED!
Those of us already seeing the brick wall ahead will just shrug, but these others will be livid! You think people will be OK having their pensions stolen/converted? How about bail-ins? Just a minor 10% savings confiscation, how ’bout that?
I think the other way it could go, is for war to break out in order to cover for the disorder of the currency collapse. This is the usual historical condition, in order for the elite not to get their heads chopped off. For an orderly unwinding of the dollar and the SDR system to come into being is a huge task! I don’t see it happening.
JC Collins April 9, 2014 Research wage increases versus inflation, and the CPI – Consumer Price Index. Wage increases have, for the most part, kept pace with inflation since 1913.
Remember, inflation is simply a devaluing of the currency. There will be a transition for sure, but the cost of living will be no more or no less than the rest of the world.
Or should the US get a break after economically raping the rest of the world for 70 years? The standard of living that the US had for the better part of the 20th century was made possible by the suppression of other countries and peoples.
Perhaps some of it should be given back. America is no longer the center of the universe. But the SDR will be soon. And I suspect people will be having similar conversations in 50 to 70 years. And so it goes.
Steve Henningsen (@Stevephenni) April 10, 2014 Actually JC, Joe Six-packs wages have gone nowhere over the past few decades. See http://advisorperspectives.com/dshort/commentaries/Real-Median-Household-Income-Growth.php
I agree that we will be better off long-term in a more balanced world, but U.S. citizens will suffer short-term as they give back some of their ill-gotten gains (inflation passed overseas) in the years ahead.
Comeuppance is a **
Daneackerman April 13, 2014 Here we go JC. Look at this Obama’s push to raise minimum wage $2.85. “The White House released a full transcript of President Barack Obama’s speech from his University of Michigan visit on April 2.
The speech lasted about 30 minutes and highlighted his push to raise the federal minimum wage from $7.25 to $10.10 per hour.”
JC Collins April 13, 2014 at 6:09 pm Devaluation of the dollar equals inflation, which materializes as price increases, offset by an increase in wages, equals a balance in the standard of living. There will be plus/minus variations of this scenario based on region and industry sector. Great research Dane.
Bgsv April 10, 2014 G20 Finance Ministers to Discuss IMF Reform Delayed by US
JC Collins April 10, 2014 This is an excellent link with a thorough explanation of what we have been expecting. Should be interesting.
Bgsv April 10, 2014 The following quotes from, THE BANKERS MIDWIFE, rang true with me when I read the attached article and saw the attached photo:
“The centralization of the worlds financial system is a natural progression and extension of human thought and the division which takes place within. With a tighter centralization comes a denser and more solid world. Everything spins faster.”
“Can we really expect that any one of these countries is standing against a system which they themselves are entrenched within?”
“In Keeping with our Hegelian principles, the United States has been willfully cast in the role of villain to the emerging and necessary multilateral financial system.”
“America was used by the rent seeking elite to expand the central bank system around the world.”
“Let there be no more silly talk of good guys and bad guys.”