China and Currency

Re: [spiers] China and Currency

>
> Exports can be good or bad too... do we export things we made or raw
> materials... of the
> things we made, are the consumer goods or are they machinery and
> equipment? Exporting
> shoes is good, excporting a shoe-making machine is bad becuase its value,
> the ability to
> make shoes, is exported. Exporting subsidized goods is very bad indeed.
> Subsidies,
> currency and interest rate manipulation generate the bad kind of exports.
>
> John
>
>
John,
I kind of disgree with this statement, Its like saying; its bad to sale
John Deere tractor and harvestor to a farmer in Africa, but its ok to sale
ship loads of rice and wheat to that farmer from USA. This defeats the
purpose of famous saying "Don't give begger a ready made food, show him
how to grow food for his long term sustainabilty, so he would stop
begging, stealing and all that he does to survive"

grp

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