Saturday, July 19, 2014

Limitless Credit to Lend

This is so sad...  because we have limitless credit to spend, the price of everything in USA is inflated until we are no longer competitive in world markets.  Vendor financing, eg, ExImBank is how we get sales.  Our largest corporations launder the profits overseas to escape the taxes, and the USA middle class is being crushed.    Not to worry, there are also police officers standing by ready to execute anyone selling loose cigarettes, a man who otherwise would have been working in a USA factory if we did not have this notion of limitless credit to lend.


(Here a dozen police officers execute a man.)

So while we are trying to blame Russia for an airplane most likely downed by the Ukraine, and otherwise fomenting instability all over the planet, and why not, we don't have to work for a living, China is cutting deals with countries with which we should be trading.
Trade between China and Brazil soared to $83.3 billion last year from $3.2 billion in 2002, with iron ore, soy and oil the bulk of Brazilian exports, making China the South American nation's biggest trade partner.According to the National Association of Rail Transporters in Brazil, the country's railroad system transported a total of 490,000 tons of materials in 2013. Coal and iron ore accounted for more than 75 percent of total goods.In less than two decades, China has emerged as the biggest trade partner with Brazil, Chile and Peru, and is set to overtake the European Union as the region's second-largest trade partner in 2016, according to United Nation's figures.Su Zhenxing, an expert on Latin American studies from Chinese Academy of Social Sciences, said Latin America has long targeted diversifying its diplomatic and economic relations, which were once dominated by its relationship with the US and Europe, with growing attention to Asia.
Now this deal is for large projects, moving natural resources, but ten thousand small businesses will grow around the infrastructure.

The Chinese have better things to worry about than someone selling one cigarette at a time on the street to make a living.  In the USA, a dozen cops believe it is a matter of life and death.  I used to call the cops after making an arrest.  Now you'd have to be crazy to ever dial 911.

(I will say, I've seen similar scenes in places like San Francisco to the one above, where the cops are not so eager to prove their manhood or "bag a buck"... where they de-escalate (write a ticket?)...  or of course Hong Kong, where I'd have no problem talking to a cop.  Police departments CAN be well managed, but they are not.)

Feel free to forward this by email to three of your friends.


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