China's Stock Market bubble

So this would indicate you work or intended to work for a Drug Company or the CDC...although you would need heavier duty degrees to work for the CDC...or....you are a Sofware Designer.

AboveAlpha

 

It depends on how you look at the something from nothing thing.

If I have a male and female pig or goat I can probably get 8 pigs and 2 goats I did not have.

It isn't something from nothing...but....those 8 pigs and 2 goats seem to come out of nowhere. And my wealth would increase.

 

yes but maybe China could have had more consumerism and us less.

 

If we would have had less consumerism, we may have ended up in this boat we're in even sooner. It would have been great if Chinese consumption could have helped sustain production, but then that would have meant an improvement in their standard of living and a shift of manufacturing from China to somewhere else because the world's businesses have capitalized on the plight of the Chinese citizens for decades. We never seem to run out of very poor people to pay salaries of next to nothing to make all the luxuries we enjoy.

 

I grew up on a small mixed farm, pigs, cows, horses, chickens, ducks etc
I know what you mean, there's feed, vet supplies, labour (yours), rent (cost of land) etc. No I mean from nothing, once labour was nothing, relatively speaking, a slave had an original purchase price, and child labour had to be fed, stale bread isn't totally free. And minerals, well you had both of those costs plus shipping. So for nothing is relatively speaking.

 

If goods increase the ability to purchase them must increase also. My country and yours could not operate on the "dollars" we had a hundred years ago. There just wouldn't be enough dollars. And I can't get my head around the idea that in a Capitalistic society someone has to lose. The standard of living can increase for society as a whole as long as money circulates.

I do believe that when the wealth of a nation becomes concentrated to a very few the nation suffers. Someone eats the beef that has to be bought. Someone supplies minerals for the beef, someone supplies head gates, livestock trailers etc. As long as the money circulates and competition is relatively fair capitalism can continue till the cows come home.

One of Governments job is to print money. Print too much and money becomes worthless. Print too little and money becomes too rare.

My labor is not figured in costs because all the work is in the family and no wages are paid. But it seems too much is spent.

 

http://mmc-news.com/news-china-bank...n-lender-to-lift-stock-prices-media-28186.dbv

These numbers are huge...I dont think we've seen the last of the volatility in world markets...

 

We, that is the western world is about to enter one of the darkest days in our history. China and other such countries, India for example will survive better, but countries like the USA, England, Germany and Australia will suffer the most. Greece is a warning that we are not heeding. The experts even have it wrong, it is the way things go. No amount of work will ever change the inevitable. 20 years ago I saw that a future based on capitalism would inevitably be doomed. It is intrinsic, it has to happen or Capitalism cannot exist. You cannot have a closed system where everyone gets more than they are worth making stuff or selling services for more than they are worth to each other. It will only work if there is an inequality.

 

http://www.bloomberg.com/news/artic...-large-that-losses-eclipsed-brics-peers-twice
Exactly...some more big numbers........we are sleepwalking into an economic mess.....

 

http://www.ibtimes.co.uk/china-stockmarket-rebound-result-secret-government-intervention-1517303

Link says it all...FTA has to be passed by November...China says if Australia doesnt want to deal with China, other countries will....how could anyone trust China...

 

But what kind of system do you suggest? I work on my little projects like growing my own food, and I am going to start my little plant business back up and capitalism is the only system that works for me.

Why should I share land that I worked for, food that I worked for, a house that I built, and a shed that I bought...among other things..with people that contributed nothing to what I have personally built for myself?

If I lived in a more socialist society my work and goods would have to be shared with others that contributed nothing to my little piece of the pie. And honestly it isn't much and most have more than I.

Another problem is the fact that in a more socialist society more people would have a say in what I do. I would have less freedom because someone would always know how much better my life would be with them...or the majority of people telling me what to do and how to live my life.

So...In my humble opinion...any society that is not capitalist is tyranny.

 

We live in a tyranny now. I totally understand what you are talking about. The problem is though, that our perceived freedom is all smoke and mirrors. Try existing without a bank account. It is just about at the stage now, where it is impossible to exist without the internet. I look after all my father's business. He is 99 and has better faculties then I do, except for two. One is his eyesight, he has macular degeneration and is legally blind. Two is that he is not technologically savvy. Just about everything that he has to do, just about every government agency or banking, utility etc expects him to be able to understand nearly incomprehensible touch phone menus or be able to navigate the internet and most expect you to have a mobile phone for text messages. Go shopping with cash and people wonder what it is you are doing, operator less checkouts, card only POS, tap and go if your not with it your out of it.

Told what to do, hourly nearly we conform to sets of rules, most totally non comprehensible without any real rational except to maximise profit while minimising service and employment levels. Don't do as you are told, my God, you are an outcast, you have "made bad life choices" which could also be stated "wouldn't conform to our standards and rules".

So that takes care of your so called "freedom", you are free to conform, oh we allow a leeway for the "hippy types" or we look at them with a grin and shake our heads. But even they are on the outer, I mean they vote green they must be commos.

So let's look at what YOU did. Oh I really understand that, I once was exactly where you were. My bride and I had a young son, he was 4 when we purchased our first home in a new subdivision out Campbelltown way. We were the couple in the adds for bank loans and real estates agencies. She was young and the picture of health, 3 months pregnant with our second child, a daughter although at the time we didn't know.

My daughter was born in a new town, in a new hospital, taken home to her new home with her new brother and he new parents to start her new life. We had all the hopes and dreams and plans that we all have, well that is what I thought.

Four years later my wife was diagnosed with Non Hodgkin's Lymphoma. For the next five years we, my two children, myself and my wife's family lived a nightmare. She passed away at a point where we were most optimistic about a recovery, not from the cancer, but from her body just being unable to go on any more, her heart just stopped. Wakes you up doesn't it.

Now look at all the little people that in some way or another have made it possible for YOU TO GET WHAT YOU HAVE. Look at all the people put off from companies like Wooolworth's and Coles and displaced when operations were "moved off shore".

Most of us wouldn't have what we have if it was not for the sacrifices of others, whether those sacrifices were forced on them or not.

 

I remember when you posted about your wife and you have my sympathy. I thought about it but didn't want to bring it up and remind you of your pain...so terrible sorry for your loss.

I understand that freedom is an illusion and maybe even more so in the U.S. where we are brainwashed from birth to think no other nation can be as free or as right as we are.

Other people have made it possible to have what I have and I would not consider them the "little people" because I am one of the little people.

I even worked on a job building Woolco stores (a Woolworth company) in Louisiana back in the eighties. But the people that helped me on my way were either kind, paid, or related to me. And even though Capitalism is not a perfect system I can think of no better.

The problem with labor being moved to other countries is capitalism at its worse and capitalism must be fairly regulated to work. A corporation or company that does not contribute to the society it benefits from is a parasitic entity.

 

You mean like Google and all the other companies that are moving their billions all over the world. It is rife within the big players. They pay no tax, they contribute nothing, zero.

 

They also have too much influence on the countries in which they pay no tax controlling the elected representatives through political contributions (a form of bribery) and media influence in the form of political action committees that are no more than propaganda machines.

 

And my friends, unfortunately, when the world wide depression envelopes Australia...and its coming...
Id say sooner than everyone thinks, because the media doesnt want to talk about it....we will no longer
be called the lucky country, because our debt is bordering on ridiculous and everything is going to
come crashing down.....

https://www.youtube.com/watch?v=PErUiAyVoGc

 

I help run several now large Family Owned Companies and we are having a GREAT YEAR!!

I live in Massachusetts during the Spring, Summer and Fall as I usually head to Florida during the Winters and there is construction going on everywhere....Small Businesses are opening up.....the cost of Gasoline is low....about $2.49 a Gallon.....and because of a massive Nationwide Program that gave Home Owners and Businesses large monetary rebates to change their home or businesses heating systems and electrical lighting to the highly efficient new DOD Lighting and Super Efficient Natural Gas and Oil Heating Systems....we invested the money in many of our properties and in all cases our electrical bills were CUT IN HALF and our Heating Costs were CUT BY 2/3RDS!!!

Now if you live in the U.S. unless you live in a Megatropolis like New York, Chicago...etc....you are going to own at least 1 car.

Most American families live in rural areas and it is standard for a single family with 2 children of driving age...,16 1/2 years old....to own at least 3 to 5 cars.

ESPECIALLY if you live in the Northern States as you need an SUV 4x4 or Pickup to get around as last winter in Massachusetts we had about 7 feet of snow dumped on us over 4 days!!!

So you have one Economy Car....usually a Made in America Toyota Camery.....one Truck or SUV.....one Sports Car....and a Cheap car for your Kid or Kids.

The people in the United States drive on average 15,790 miles per year with 209 Million American's with drivers licenses.

That means the people of the United States drive collectively over 3 Trillion Miles a year.

But because the U.S. is the 4th largest country area wise in the world with Russia as #1, Canada #2, China #3....but when U.S. Territories are added in such as Guam, Puerto Rico, U.S. Virgin Islands, American Samoa and literally THOUSANDS of Islands in both the Atlantic and Pacific as people who live and are born on a U.S. Territory are AMERICAN CITIZEN'S.....so if this land area of U.S. Territories are included the U.S. becomes the #3 Largest Nation by Area.....and given that Canada and the U.S. are intrinsically bound as the two Nations share an INTEGRATED MILITARY as well as the two Nations have the longest unguarded boarder on the planet and the vast majority of Canadian's live along the boarder with the United States we have to take into account the International Travel Routes of Cars, Trucks, 18 Wheelers, Trains and especially AIRCRAFT as not counting Canada the United States.

To put into perspective just how many flights there are in the U.S. a day....last year there was 35 Million Flights total in the entire world and almost 1/3rd of all flights originated in the United States!!!

The U.S. flew about 10 MILLION FLIGHTS last year which is close to 30,000 FLIGHTS A DAY!!!

This is what Russia must be able to strive for at least 1/3rd of such numbers as right now it is way...way back.

AboveAlpha

 

Wow...the US must be a great place to live....all those people posting negative posts are just being silly....
Those ones that cant get a job just arent trying.....all those people on food stamps...well they must be
living under bridges....quick let me sell up and come to the greatest country on the planet....
Most families living in rural areas own 3 to 5 cars.....really!!...own..or paying them off....really...
It must be easy to get credit in the US of A...ohh..thats right...you have zero percent loans...thats
because the countrys in such great shape....wont be zero percent for long my friend....
Really...I dont believe a word youve just posted...not one word....

 

Hasn't seen this

https://youtu.be/VMqcLUqYqrs

 

I only have one question....which one is AboveAlpha ......

 

I do not post things I make up.

You can Google the data on the number of flights daily and I did not post that U.S. Freight moves close to 10 times the total freight train tonnage of the entire E.U. yearly.

10 Times the E.U. and the U.S. only has 320 Million people.

As far as cars I will give you a LINK...http://www.statista.com/statistics/183505/number-of-vehicles-in-the-united-states-since-1990/

As there was 256 Million Registered Cars and Trucks in the U.S. in 2013 and even more now.

With a driving population that is about 209 Million this means there exists 47 MILLION more cars and trucks than their are people with drivers licenses!!

AboveAlpha

 

Whatever...I once respected your posts...not any more.....you forgot to mention the 29ers
and how Obamacare has totally destroyed fulltime employment in US...care to comment
on that.......

 

Right now out of every existing Nation the United States is the ONLY Nation along with Canada as the two Nations are ONE.....as even the Soviet Union and Russia as well as China when they put out their yearly MILITARY THREAT ASSESSMENT.....every Nation is listed individually EXCEPT the U.S. and Canada as they are listed as NORTH AMERICA as one single entity as the U.S. and Canada as NORAD....North American Defense.....have one single JOINT COMMAND.

Anyways....BOTH...the U.S. and Canada will become 100% ENERGY SELF SUFFICIENT in 2023.

It is currently estimated that North America holds 6.1 TIMES the amount of Oil Reserves as the entire Middle East.

It just took us multiple decades to develop the technology to easily and cheaply extract Oil from Canadian Sand Tar and American Shale as both Nations are currently and will get much larger as far as exporting being as Canada #1 Sand Tar Oil Exporter and U.S. #1 Shale Oil Exporter as well the U.S. remains the #1 Coal exporter as there is more coal in the U.S. than anywhere else.

AboveAlpha

 

And you were saying...what...about the 29ers....
Maybe a comment on the trillions of dollars owed by students in student loans...
AND the trillions of dollars tied up in auto loans and junk bonds thats about to come crashing
down like a bag of sh!t......puleeease gimme a break with all your glorification of America
comments....youre not John Wayne reincarnated are you...

 

I did not vote for Obama but a U.S. Economy has a life of it's own.

The U.S. Economy is Monsterous at $17.7 Trillion a year and with U.S. Energy Self Sufficiency this will only keep Oil prices down.

The U.S. Economy has been picking up steam for some time and as you saw China Economy which has been propped up by subsidies as well as the Chinese Economy is completely dependent upon Exports to the United States.

There is not a single thing that China exports to the U.S. that has any Strategic Value to us.

U.S. Job Growth is steady....inflation non-existant....and I can tell just by the level of construction gowing on the Economy is beginning to grow quicker.

The KEY is CHEAP ENERGY.

There is a LINE of companies from all over the world trying to get in and set up Manufacturing in the U.S.

Remember that the U.S. with only 320 Million people is not only the worlds largest economy but as well is the worlds largest manufacturer and the worlds largest consumer nation by far.

AboveAlpha