The Chinese Don’t Issue Shares To “Enrich Foreigners” But To “Impoverish Foreigners.”

Discussion in 'Media' started by hvactec, Nov 5, 2011.

  1. hvactec
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    hvactec VIP Member

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    11/05/2011
    "China’s rise has been fueled since 2007 by a bubble in credit there. Faber was vague on when it would burst — now or in three years? — but it’s unsustainable. What’s more, foreigners should beware investing in China’s ongoing construction boom.

    Dr. Faber pointed to virtually all U.S. canal and railroad companies going bust in the 19th century, ruining many a foreign investor but leaving North America with an enviable set of infrastructure. He said the Chinese don’t issue shares in companies to “enrich foreigners” but to “impoverish foreigners.” If a foreigner wants to make money in China, Faber said, they should go work there." - in WSJ Blog

    read more Marc Faber Blog: The Chinese Don’t Issue Shares To “Enrich Foreigners” But To “Impoverish Foreigners.”
     
  2. rdean
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    rdean rddean

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    Republicans love the Chinese. USMB Right Wingers see China as the new business model. One even said China isn't a communist country because their leader is more like a "CEO".

    Bob Hall, of Dollar to the Giant, pointed out a website called Smart Sourcing, which is a variant of outsourcing. They have a website promoting “China Manufacturing Solutions.” They also have a partnership with the U.S. Chamber to promote “Smart Sourcing” with Chinese companies. Here is the excerpt.
    AMCHAM Grassroots Program
    Smart Sourcing has partnered with the U.S. Chamber of Commerce (U.S. Chamber of Commerce | Fighting For Your Business) to sponsor the China Grassroots Program for 2008-2009. The program consists of a series of forums throughout North America promoting bilateral trade and business opportunities for small and medium size firms in the China market.

    U.S. Chamber’s outsourcing partnership – Trade Reform

    Smart Sourcing to China

    Do a search on, "China Grassroots Program" and you can read all about it.

    China's partner, the US Chamber of Commerce gives tens of millions of dollars to Republicans 9 to 1 over Democrats. They do that for a reason.

    StarNewsOnline.com | View topic - No really, the sky IS falling!

    Republicans, while blaming Obama for job losses, continue to block any legislation in Congress designed to create jobs or stop the corporate outsourcing and tax shelters. Republicans continue to benefit from the SCOTUS decision that allows unlimited anonymous corporate funding and has allowed them to partner with these, the big corporations in the world - and in conjunction with the Chamber of Commerce to literally buy the 2010 elections.

    AND IT WORKED! GOOD JOB BROWNIE!
     
    Last edited: Nov 5, 2011
  3. rdean
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    rdean rddean

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    Republicans call these kinds of posts I make "lies" and "stupid". Notice the links? There is so much evidence it can't be denied. If you're sane that is.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says make dem rich folks dat own the companies dat's outsourcin' jobs pay more taxes...
    :eusa_eh:
    U.S. losing high-tech manufacturing jobs to Asia
    17 Jan.`12 - The United States lost more than a quarter of its high-tech manufacturing jobs during the past decade as U.S.-based multinational companies placed a growing percentage of their research-and-development operations overseas, the National Science Board reported Tuesday.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says make `em pay the employment taxes anyway - dat'll put a stop to it...
    :clap2:
    Time to stop rewarding firms that ship jobs abroad: Obama
    Jan 25, 2012, WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama announced a series of measures that would offer incentives to those firms which will create jobs in the country, a move that may also affect companies in India.

     

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