BRICS countries will see the highest surge in millionaires globally over the next decade

[Donald H]

US companies outsourced on their own. Many of them had to because they couldn't compete with foreign manufacturers. This is because the US government continues to increase the debt & deficit. Today, even though they just recently spent a huge amount on a bill to avoid a government shut down, passed another $1.2 trillion bill to avoid a government shutdown.

There's no telling how many hundreds of billions in pork was put into those two bills. None the less, it's going to lead to another debt ceiling increase. And the value of the USD will be even deeper in the toilet.

It seems that we can agree on at least one thing!

America's government is completely corrupt and F'd up! Thanks to electra for making the point!

America's government allowed all of it to be taken to China, where huge profits could be realized overnight!

Blame China for allowing American business to come in! What a twit!

 

[elektra]

It seems that we can agree on at least one thing!
America's government is completely corrupt and F'd up! Thanks to electra for making the point!
America's government allowed all of it to be taken to China, where huge profits could be realized overnight!
Blame China for allowing American business to come in! What a twit!

China paid off the politicians. Starting with Bill Clinton.

The part of our government that was not corrupt, was Trump, the only non-politician in office, ever.

And I do admit our government is corrupt and fucked up, which is why we elected Trump, but as I admit that it must be said, as corrupt and fucked up as we are, we are the best in the world.

That is right, there is no better place to live, work, be a politician, or businessman, than the USA

A world without the USA, or freedom, is a world that exists in many places, they are war torn or ran by dictators. You should thank God, or the rocks in your head, that America has given every single thing you enjoy.

That is right, thank me and the USA, for giving you everything in your life, to include your life.

 

[elektra]

China elevated hundreds of millions of their people up out of poverty.

No, China moved millions to the cities. They have no wealth or poverty, they live under Marxism. They own nothing, the state owns everything.

For the millions of people of the population of billions, the poor, are desperate, without nice modern new homes, nice modern health care.

But China does allow some to be filthy rich, China allows a handful to become billionaires. The inequality in China is perhaps, the greatest in the world, and not by just a little bit.

You lose on China, the marxist country, where the average person is not allowed to create wealth.

 

[YoursTruly]

BS? You do not realize that the debt, the deficit, and inflation is all controlled by congresses spending, that sadly Trump had to sign, or shutdown the government.

BS. Trump only vetoed 1 spending bill while he was president. Just one. He signed like 3 omnibus bills & 12 continued resolutions. The vast majority of them had nothing to do with government shut down.

Congress only passed bills. They don't sign them into law. They send the president a bill that says "we want to spend X amount on A, B & C." That's the ONLY thing they control. The president has to sign it before it becomes law. Unless his veto is overridden. Which is rare. The congress only over rode 1 of Trumps spending bill veto's.
BTW, he vetoed that one bill because it didn't spend enough.

I disagreed with Trump signing the Debt created by everyone else but Trump. I was all for the government shutdown.

Now that Trumps not in office, he's all for a government shutdown too. None the less, that didn't stop him from signing all that spending. Almost$8 trillion in just 4 years.

Debt, how much of that was what Obama built into the budget???

It only took Trump 4 years to spend almost as much as Obama in 8 years.

Trump did try and kill ObamaCare, how much does ObamaCare, alone contribute to that debt you want to hold Trump responsible for.

He tried to replace one national healthcare bill with another one. What republican wants a national healthcare plan, other than a dem-lite Republican. Like say Mitt Romney.

Policy wise, there's not an ounce of difference between Romney & Trump.

It is hard to reduce anything, when you have politicians actively trying to destroy the Presidency, you most likely missed that part.

It's impossible to reduce spending when you have people like Biden, Trump, Johnson and Schumer. 90% of the Republicans in DC are Trump supporting, big spending, big government RINO's.

When/If Republican voters ever figure out what fiscal conservatism is, and start supporting fiscal conservatives like Chip Roy, Thomas Massie and Justin Amash, then maybe the GOP will be worth supporting.


What fiscal conservatism looks like.
0:55 mark

BRICS, do you know what BRICS is?

Yes. I've been keeping up with BRICS for a couple of years now. They have a lot of countries signing on. And why they're signing on.
The USD has been taken off life support. And is barely hanging on. When it collapses, BRICS will institute a new global reserve currency.
When that happens, this country and our allies will be thrown into a depression that'll make 1930 look like good times.

 

[YoursTruly]

It seems that we can agree on at least one thing!

America's government is completely corrupt and F'd up! Thanks to electra for making the point!

America's government allowed all of it to be taken to China, where huge profits could be realized overnight!

Blame China for allowing American business to come in! What a twit!

The blame lies squarely on the shoulders of big spending politicians like Trump, Reagan, Obama, Biden, Johnson and McConnell. (and everyone one of those on the left).

Had it not been for all those kind of politicians, $8hr would still be a decent wage. And American manufacturers could still afford to produce here in the USA.

 

[YoursTruly]

The history of outsourcing is a topic not many have written about and I think is very poorly understood.

When our wholesale moving of our factories to China began, there was no competition from China. They had no factories.

When we moved our manufacturing to Mexico, there was no factories in Mexico competing with our wages?

The same goes for Japan, Taiwan, Vietnam, etc., etc..

Long before our debt was out of control, back when it was manageable is when we began moving overseas.

One thing always left out of the equation, is the cost of the government, the single biggest expense for a corporation in the USA.

The other thing overlooked, is the CEO's making million dollar bonuses, getting paid off by the chinese, to move the factories there.

And why do these foreign countries, corporations, pay our politicians, millions of dollars to give speeches? Seems like a very clever bribe.

Either way the politicians had to change laws, to allow for the wholesale exit of our manufacturing.

That doesn't matter. Because there was still a global market for things that plenty of countries made. And American companies still needed to reduce their labor costs to stay competitive. Or else close their doors and file bankruptcy.
With every president, it's always "we going to fix it and bring jobs back." But they never do. They always destroy the USD even further. And so more US companies move.

 

[Donald H]

The blame lies squarely on the shoulders of big spending politicians like Trump, Reagan, Obama, Biden, Johnson and McConnell. (and everyone one of those on the left).

Had it not been for all those kind of politicians, $8hr would still be a decent wage. And American manufacturers could still afford to produce here in the USA.

The politicians allowed American jobs to go to China. They allowed the American corporations and companies. We can agree on that too.

You can't possibly criticize that being allowed, but I can!

Canada imposes some limits to capitalism but evidently America doesn't or didn't. That's my criticism and it has to do with the need for some socialist policies being a part of our government and system.

I think you don't want to introduce that sort of criticism of government, but I'm sure it would be verboten to electra, who sees no responsibility or blame being attached to America's corporations.

Apparently electra is convinced that Chinese people stole their way into America at 2 a.m. and hypnotized CEO's into going to China!

Such is the level of discussion expected by assclowns such as electra. I'm just not into it! Maybe we'll discuss some other time after 8 p.m. bedtime for ..........................

 

[YoursTruly]

The politicians allowed American jobs to go to China. They allowed the American corporations and companies. We can agree on that too.

Because we're a free country. If the US government didn't allow them to, they'd just close up shop and start a new company over there. Then there'd be no tax income from an American company headquartered in the USA, while producing in another country.

You can't possibly criticize that being allowed, but I can!

Canada imposes some limits to capitalism but evidently America doesn't or didn't. That's my criticism and it has to do with the need for some socialist policies being a part of our government and system.

I think you don't want to introduce that sort of criticism of government, but I'm sure it would be verboten to electra, who sees no responsibility or blame being attached to America's corporations.

Apparently electra is convinced that Chinese people stole their way into America at 2 a.m. and hypnotized CEO's into going to China!

Such is the level of discussion expected by assclowns such as electra. I'm just not into it! Maybe we'll discuss some other time after 8 p.m. bedtime for ..........................

My criticism of my government is their inability to maintain a USD value that's equal to China's. This is the exact reason why our trade deficit with China is so huge.
Trump and the rest of them claim that China is keeping their currency artificially low. That's a fargon lie. They're simply maintaining the value of their currency to keep jobs and keep their citizens employed.
Something that until Reagan & Clinton, our government and federal reserve used to do. In fact, that used to be priority #1 for the Federal Reserve. It's what kept our dollar value high. It kept jobs here. It allowed most families to live on one income.

 

[Donald H]

Because we're a free country. If the US government didn't allow them to, they'd just close up shop and start a new company over there. Then there'd be no tax income from an American company headquartered in the USA, while producing in another country.

Well yeah but?
The principles of capitalism can't be debated between us. You have a purer view of capitalism than does a Canadian, while I have an opinion that capitalism needs to face some limitations. I imagine that capitalism will continue to function under the pressure of some limitations.

Maybe we can come to agree on how a corporation can be coerced into staying at home where it will employ Americans/Canadians, but still be hugely profitable?

My criticism of my government is their inability to maintain a USD value that's equal to China's. This is the exact reason why our trade deficit with China is so huge.

Not equal but maybe a bit more steady and constant?

Trump and the rest of them claim that China is keeping their currency artificially low. That's a fargon lie. They're simply maintaining the value of their currency to keep jobs and keep their citizens employed.

I guess so but I have to think on that for a while. My first impulse would be to say that China doesn't control the value of its currency. The rest of the world does.

Something that until Reagan & Clinton, our government and federal reserve used to do. In fact, that used to be priority #1 for the Federal Reserve. It's what kept our dollar value high. It kept jobs here. It allowed most families to live on one income.

I get the argument on the fed.
But have you considered that if the USD was slashed in half, it would cost Americans twice as much to buy a widget from China?
Don't you think that your dollar value is high? Maybe artificially high? But if other countries continue to buy from America, they must be getting a bang for their buck!

 

[elektra]

BS. Trump only vetoed 1 spending bill while he was president. Just one. He signed like 3 omnibus bills & 12 continued resolutions. The vast majority of them had nothing to do with government shut down.

Congress only passed bills. They don't sign them into law. They send the president a bill that says "we want to spend X amount on A, B & C." That's the ONLY thing they control. The president has to sign it before it becomes law. Unless his veto is overridden. Which is rare. The congress only over rode 1 of Trumps spending bill veto's.
BTW, he vetoed that one bill because it didn't spend enough.

It only took Trump 4 years to spend almost as much as Obama in 8 years

I dont disagree with everything you state. Yep, Trump should of shutdown the government. Could he? Trying to gain support as a complete outsider while being attacked by Democrats and Republicans alike.

Is Trump really all about spending all he can? Or is he the Trump who 20 years ago had a plan to end the debt, completely. Of course, the Trump plan before he became a politician most likely will never work with today's debt.

There is a lot to discuss when it comes to the budget, it would take me hours to formulate a proper response. I think there is a ton missing in your response, that is very relevant.

I will not pretend to know off the top of my head the details I wish to explain, but I will get back to your posts. At the least to brush up my education on such things.

 

[elektra]

Yes. I've been keeping up with BRICS for a couple of years now. They have a lot of countries signing on. And why they're signing on.
The USD has been taken off life support. And is barely hanging on. When it collapses, BRICS will institute a new global reserve currency.
When that happens, this country and our allies will be thrown into a depression that'll make 1930 look like good times.

When our depression hits, China will lose trillions upon trillions, we will see a famine in China and India, like no other. Will India join Brazil, Russia, and China (I dont know how south africa is part of these 4)? Hell, will China give up the part of their economy that is USA. Very doubtful.

So much wealth is in the USA, it dwarfs those 5 countries put together. Then there is all the wealth across the world that is in US dollars. Any collapse of the dollar is a collapse of the entire world.

Brazil? Brazil is lucky, another economy we built, and economy that teeters with political chaos. Brazil barely has the energy for their population and certainly will not be expanding their industry base with their current energy base.

 

[22lcidw]

The American empire aside, the future for the world's people is being offered by the Brics.

America offers a future for one in a thousand or more!
It's already trending toward one in a million in America now!

All the conservatives are becoming less sure that they will be the one?

The way you typed your thread it is like the nations involved are bastions of honor, integrity and character. Perhaps they should be living better except for a lot of corruption and selling out.

 

[elektra]

BS. Trump only vetoed 1 spending bill while he was president.

Now that Trumps not in office, he's all for a government shutdown too. None the less, that didn't stop him from signing all that spending. Almost$8 trillion in just 4 years.

It only took Trump 4 years to spend almost as much as Obama in 8 years.

It's impossible to reduce spending when you have people like Biden, Trump, Johnson and Schumer. 90% of the Republicans in DC are Trump supporting, big spending, big government RINO's.

Spending, 1 year, the year of Covid, $4 trillion was added to the debt. If we are to believe the hype, the danger, the death toll, we are lucky that Covid only cost $4 trillion.

In your comments on debt, would it not be more appropriate to look at the years without Covid spending. Then of course, it could be said that Trump was the same or better, given all the circumstances.

and let us not forget to mention, that google has such firm control over the internet, it is about impossible to find the results of any key words, like budget, because those words are reserved for this year's democrat election propaganda.

 

[Greenbeard]

Trump did try and kill ObamaCare, how much does ObamaCare, alone contribute to that debt you want to hold Trump responsible for.

 

[elektra]

I remember when clinton raised the debt every year but democrats claim he did not

 

[elektra]

That doesn't matter. Because there was still a global market for things that plenty of countries made. And American companies still needed to reduce their labor costs to stay competitive. Or else close their doors and file bankruptcy.
With every president, it's always "we going to fix it and bring jobs back." But they never do. They always destroy the USD even further. And so more US companies move.

How come so many other corporations did not have to do the same thing?

 

[BluesLegend]

China paid off the politicians. Starting with Bill Clinton.

Our politicians sought out China not the other way around. Seeking bribes and schemes to line their own pockets while selling out the American people, jobs and industries.

 

[elektra]

Our politicians sought out China not the other way around. Seeking bribes and schemes to line their own pockets while selling out the American people, jobs and industries.

China started with Bill Clinton, paying him millions for his election. There were laws that had to be changed in order for our corporations to move. Politicians had to be moved out of the way, first, or taught to go along.

 

[Rogue AI]

Nothing accelerated the importance of BRICS like weaponizing the dollar and euro against Russia. BRICS was basically chugging along on a pretty slow yet predictable trajectory. Had Russia caved to Western sanctions nobody would be talking about BRICS now. Biden and his Eurotrash friends' efforts to maintain Ukrainian corruption did more harm to the appearance of Western economic dominance than anything else. The developing world saw there really is another way.

 

[Moonglow]

India just announced no more Russian oil , being the first country to break from Brics, awww.

India Halts Russia Oil Supplies From Sanctioned Tanker Giant

All of India’s refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to US sanctions, further complicating the trade that has flourished since the invasion of Ukraine two years ago.

www.bloomberg.com