JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
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What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
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What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
Because they have better training, better political leadership and a society that still remembers the value in having a commitment to each other.Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Because they have low wages? NO.
Because they have more productive workers? NO.
What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
I'd say QE is not an example of "privatized gains versus socialized losses for the Wall Street bankster class"
Back in the day when production activities surpassed in importance design, distribution and marketing, sure assembly line jobs paid quite nicely. Going forward, they will not.
Back in the day we in the USA built consumer products that were desired around the world.
Now we build and sell armament. Biggest armament dealer in the world. And because so many people want those guns, those factory workers make real good money.
So there is the difference. If, when we invent the next greatest thing that everyone needs (home fuel cells) or clean coal technology we could see a rebirth of assembly line work for some segments.
But I agree, millions of decent paying factory jobs are a thing of the past in all likelihood.
The one segment of the manufacturing industry that we ignore at real peril is letting our ability in the tool and die industry collapse.
We were the leader for years. No more. Not even close. Bad mistake.
Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Because they have low wages? NO.
Because they have more productive workers? NO.Back in the day when production activities surpassed in importance design, distribution and marketing, sure assembly line jobs paid quite nicely. Going forward, they will not.
Back in the day we in the USA built consumer products that were desired around the world.
Now we build and sell armament. Biggest armament dealer in the world. And because so many people want those guns, those factory workers make real good money.
So there is the difference. If, when we invent the next greatest thing that everyone needs (home fuel cells) or clean coal technology we could see a rebirth of assembly line work for some segments.
But I agree, millions of decent paying factory jobs are a thing of the past in all likelihood.
The one segment of the manufacturing industry that we ignore at real peril is letting our ability in the tool and die industry collapse.
We were the leader for years. No more. Not even close. Bad mistake.
Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Because they have low wages? NO.
Because they have more productive workers? NO.
Because they have a better school system for preparing for a career.
It is because the American Brahmin Oligarchy wants the Middle Class in this country to be desperate, and to hate the brown skinned immigrants so they can just liquidate all their property here when they run them off. If they have white skin the rest of the nation might feel sympathetic to them.Is that why no US Corporation will use a German H1-B in IT?
Try better.
What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
I'd say QE is not an example of "privatized gains versus socialized losses for the Wall Street bankster class"
Then you would be wrong. Wall Street banks lost huge amounts of investment capital in equities that ended up worthless because the algorithm that they used to calculate the value of these equities was not meant for such and the mathematical wizz kid repeatedly said so.
Thus the banks were stuck with equities that no one wanted to buy, and they were then WORTHLESS.
But with the QE program the federal reserve, our federal government, bought all of these equities (MBS, CDO, SIV) at FACE VALUE THAT THE BANKS ORIGINALLY PAID FOR THEM; NO DISCOUNT.
That is a GIFT, not a purchase. If you needed money and wanted to sell me your old car you wouldnt expect me to pay you the price you paid for it on the dealers lot, but that is exactly what the federal reserve did. And so it was EXACTLY SOCIALIZED LOSSES FOR THE TOO BIG TO FAIL BANKS.
Dont try to blow smoke, mmmk?
What would you call $4 trillion of QE?So you won't say when or if we saw that? Thanks for nothing.
I'd say QE is not an example of "privatized gains versus socialized losses for the Wall Street bankster class"
Then you would be wrong. Wall Street banks lost huge amounts of investment capital in equities that ended up worthless because the algorithm that they used to calculate the value of these equities was not meant for such and the mathematical wizz kid repeatedly said so.
Thus the banks were stuck with equities that no one wanted to buy, and they were then WORTHLESS.
But with the QE program the federal reserve, our federal government, bought all of these equities (MBS, CDO, SIV) at FACE VALUE THAT THE BANKS ORIGINALLY PAID FOR THEM; NO DISCOUNT.
That is a GIFT, not a purchase. If you needed money and wanted to sell me your old car you wouldnt expect me to pay you the price you paid for it on the dealers lot, but that is exactly what the federal reserve did. And so it was EXACTLY SOCIALIZED LOSSES FOR THE TOO BIG TO FAIL BANKS.
Dont try to blow smoke, mmmk?
Wall Street banks lost huge amounts of investment capital in equities
Yeah, they lost lots of money. The trigger was bonds though, not equities.
But with the QE program the federal reserve, our federal government, bought all of these equities (MBS, CDO, SIV) at FACE VALUE THAT THE BANKS ORIGINALLY PAID FOR THEM; NO DISCOUNT.
First of all, the Fed bought bonds, not equities. They didn't buy any CDOs. And an SIV is not an equity or a bond.
The Fed didn't buy any private label MBS, the ones that had the massive defaults/losses.
They bought the good ones, the guaranteed ones, the ones that have traded over par the entire time.
And so it was EXACTLY SOCIALIZED LOSSES FOR THE TOO BIG TO FAIL BANKS.
If that were the case, show me the losses the Fed suffered from the purchases.
The losses are the money used to buy the equities, dude.If that were the case, show me the losses the Fed suffered from the purchases.
Back in the day when production activities surpassed in importance design, distribution and marketing, sure assembly line jobs paid quite nicely. Going forward, they will not.
Back in the day we in the USA built consumer products that were desired around the world.
Now we build and sell armament. Biggest armament dealer in the world. And because so many people want those guns, those factory workers make real good money.
So there is the difference. If, when we invent the next greatest thing that everyone needs (home fuel cells) or clean coal technology we could see a rebirth of assembly line work for some segments.
But I agree, millions of decent paying factory jobs are a thing of the past in all likelihood.
The one segment of the manufacturing industry that we ignore at real peril is letting our ability in the tool and die industry collapse. We were the leader for years. No more. Not even close. Bad mistake.
Interesting segment, machine tool manufacturing.
What too damn many Americans won't and don't do is say to themselves, "I need to get my sorry ass up and get the skills that are in demand so that I can get that job instead of forcing the employer to seek them from foreign workers."
Short of a major distraction coming about, so long as producers gain more profit using capital instead of labor to produce their goods, one can all but forget about the jobs coming back.
seems to me that more and more what Americans have become increasingly good at is complaining and finding fault in everything except themselves. That alone -- before and after considering all the fancy economics and whatnot -- does not bode well for the resurgence of manufacturing jobs in the U.S.
I have.What too damn many Americans won't and don't do is say to themselves, "I need to get my sorry ass up and get the skills that are in demand so that I can get that job instead of forcing the employer to seek them from foreign workers."
The group you mentioned above. They can't read above maybe a fifth grade level.
You ever look at the literacy rates in this country?
What would you suggest for this huge number of people who struggle to read and comprehend? I volunteer as a reading tutor. This is real problem for the country. Lack of literacy.
What do we do with these people?
Would it be a major enough event if American consumers in mass, decided that IF a product doesn't say Made in America, it won't be bought?
Supply and demand still exist as market forces. Right?
seems to me that more and more what Americans have become increasingly good at is complaining and finding fault in everything except themselves. That alone -- before and after considering all the fancy economics and whatnot -- does not bode well for the resurgence of manufacturing jobs in the U.S.
What you described above is not good for America. Let alone manufacturing jobs.
Back in the day when production activities surpassed in importance design, distribution and marketing, sure assembly line jobs paid quite nicely. Going forward, they will not.
Back in the day we in the USA built consumer products that were desired around the world.
Now we build and sell armament. Biggest armament dealer in the world. And because so many people want those guns, those factory workers make real good money.
So there is the difference. If, when we invent the next greatest thing that everyone needs (home fuel cells) or clean coal technology we could see a rebirth of assembly line work for some segments.
But I agree, millions of decent paying factory jobs are a thing of the past in all likelihood.
The one segment of the manufacturing industry that we ignore at real peril is letting our ability in the tool and die industry collapse.
We were the leader for years. No more. Not even close. Bad mistake.
Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Because they have low wages? NO.
Because they have more productive workers? NO.Back in the day when production activities surpassed in importance design, distribution and marketing, sure assembly line jobs paid quite nicely. Going forward, they will not.
Back in the day we in the USA built consumer products that were desired around the world.
Now we build and sell armament. Biggest armament dealer in the world. And because so many people want those guns, those factory workers make real good money.
So there is the difference. If, when we invent the next greatest thing that everyone needs (home fuel cells) or clean coal technology we could see a rebirth of assembly line work for some segments.
But I agree, millions of decent paying factory jobs are a thing of the past in all likelihood.
The one segment of the manufacturing industry that we ignore at real peril is letting our ability in the tool and die industry collapse.
We were the leader for years. No more. Not even close. Bad mistake.
Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Because they have low wages? NO.
Because they have more productive workers? NO.
Because they have a better school system for preparing for a career.
Germany has TWICE the percentage of workers in Manufacturing.
Why can they have TWICE as many manufacturing jobs then we can?
Twice the percentage in manufacturing is not the same as twice as many manufacturing jobs.
Aside from that, the Germans view manufacturing differently seems to me. Their kids are.brought up to believe that manufacturing is a viable, desirable career path. Different relationship between government and labor and manufacturer.
More specific training for industry. Etc.
The losses are the money used to buy the equities, dude.If that were the case, show me the losses the Fed suffered from the purchases.