Comments on: Great U.S debt engine slips into reverse http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Brad http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3342 Wed, 17 Dec 2008 14:45:33 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3342 The only way forward , is forward” Brad. Read the article below and stop talking negative. Buffet didn’t become the wealthiest man on the planet by looking backwards, did he? I’ve said it before and I’ll say it again, the Electric Car is a winner in so many ways for the US. To name a few: Cheaper Fuel, Cleaner Fuel, New industry, Many new jobs in Detroit, New friends in the Global community for doing something constructive. It will leave the BIG 3 carmakers for dead. Time to move on Yankees. Many people have the money to buy the plug-in electric vehicle, we are just waiting for you to build it for an affordable price. Better hurry up or we wil have to buy Chinese (Again).Read Buffets story below:

Buffet Into Chinese Electric Future cars and Batteries
These finance guys always amaze me. Here is Warren Buffet, who of course is one of the richest men in the world, invests $230 in a Chinese future cars manufacturer. Of course, china is the up and coming industrial powerhouse, but still it takes a lot of guts because the economy there is extremely volatile.

In September, Warren Buffet invested $230 to by ten percent of BYD, a Chinese electric car and battery manufacturer. BYD could soon become a major leader in electric future cars and battery production. BYD is reportedly planning to start selling electric cars in America by the end of 2009

The electrical future car will present storage challenges which BYD may be able to answer. Our aging electric grid and our wall sockets are not equipped to deal with recharging car batteries should the electric car become mainstream. There will need to new developments such as swapping stations where cars can come in and swap batteries. Maybe this will be Buffet’s new line of investment.

– Posted by Brad

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By: sanjay http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3303 Tue, 16 Dec 2008 12:04:49 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3303 excellent article John-well defined the side effects of so called consumer based economic model.

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By: rajay kumar aggarwal http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3289 Tue, 16 Dec 2008 03:26:06 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3289 people do not want cheaper loan because of jobs scarecity. People wants to buy back from bankers of their ill asstes / instruments; people may have their own money. The own money will boost the spending capacity of public and faith in financial / banking system.

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By: Bruce http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3283 Tue, 16 Dec 2008 01:09:33 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3283 Great article John,
Governments have allowed growth to be the only key to success over all other criteria.

Unfortunately the world financial system has failed to put in place the checks and balances needed to provide responsible governance of the system.

The penalty for this mismanagement is the hardship that people around the world will endure at all levels of our community

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By: Tony http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3272 Mon, 15 Dec 2008 20:34:41 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3272 The West were fools they taught the World how to manufacture by inviting them to their Universities and teaching the world all the hard earned knowledge for next to nothing. Now the world does not need the Wests brains any more only their consumers.

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By: KidFromWinnetka http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3268 Mon, 15 Dec 2008 18:27:26 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3268 Great article – puts things in perspective.

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By: ginsengjohn http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3263 Mon, 15 Dec 2008 16:14:17 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3263 Don’t think that all this debt stuff is bad. Think about this for a moment. I have a ton of debt and would like to weasel out of it by having those people who hold my debt buy worthless junk from me. So, I put together a whole mess of AAA Bonds on overpriced homes that I got real cheap and know will default and then sell this junk to them. They get this toxic junk and I get rid of a bunch of debt.You think they will figure this scam out? Could this have happened courtesy of Bush and company? JOHN

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By: Big Al http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3261 Mon, 15 Dec 2008 14:33:34 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3261 1) Re a previous comment, with respect: ‘Wealth’, as much of existence, is illusory–or, at the least, slippery. It is ‘created’ and ‘destroyed’ all the time.
2) I am in agreement with the observation that the correlation between a nation’s currency’s relative value and its overall economy is tenuous at best. That said, I would note that in the course of the example offered, the Japanese ‘lost decade’ the Yen was positioned within a world which was, barring the occasional LTCM debacle, etc, essentially expansionary. That situation is not applicable to the US$’s future. It would seem to me that the present implosion is likely to result in the customary outcome of an ‘implosion device’, viz, a horrific, rapidly dissipating expansionary surge to follow.

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By: Don http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3258 Mon, 15 Dec 2008 13:00:07 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3258 I totally agree with John’s article. Most people feel that we can continue growing through debt. Most folks feel that we can blindly pump funds into any project to stimulate the economy. We can pay a person $1 billion to dig a hole. Auto workers use the same sort of logic all the time. If they accept lower salaries, they cannot stimulate the economy. We can throw cash off buildings and borrow ourselves into oblivion to encourage growth. We can all run a bit of ponzi scheme with our own finances. We can borrow principal amounts. Then we can borrow to pay the interest on the principal. We can keep on borrowing and never pay it back. Then the lender at the very end loses everything, and everything collapses. Taxpayers and small-time investors have supported these systemic ponzi schemes for decades. But I’m game for more. If we are going to crash, crash bigtime. Let’s take taxpayers money and funnel it into businesses that are not financial viable with products that people don’t really want to buy. Like the auto industry, for instance.

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By: madmilker http://blogs.reuters.com/great-debate/2008/12/12/great-us-debt-engine-slips-into-reverse/#comment-3192 Sat, 13 Dec 2008 01:31:59 +0000 http://blogs.reuters.com/great-debate/?p=923#comment-3192 People in America need to realize jus what got America in this shape…”cheap” yes so-call cheap items from a foreign land.

quote*Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China. *end quote!

Now! if there be 182 country’s making items for the world to buy and they have only 5% of the pie in China…duh! This company makes the nice people of China support their currency(yuan) by keeping it in their country working for the people there…. but with the “yuan” going up in value and the US dollar going down…all the foreign items that the American consumer buys thinking it is cheap has went up in price.

People…its all about the currency and to keep a currency strong you got to keep it floating around the country you live in so it can work for you. For the past 12 years all them US dollars are being shipped overseas to a foreign bank and with the American worker not making anything for the foreigner to buy the “we the people” have to turn to the “second” largest employer in America(Uncle Sam) to sell “we the people” debt in order to get all them dollars back!

50 years ago a foreigner would had given their left nut for a US dollar or a Hershey’s chocolate bar and today the same foreigner has got Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico. Wake up! America and think “MADE IN AMERICA.”

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