Sorry for the ignorance. What are 'reps'?ernest_t_bass;1617162 wrote:Reps.
This should be on a bumper sticker.
Glad you asked!JD413;1617166 wrote:Sorry for the ignorance. What are 'reps'?
You don't need to live in Europe to know that there is absolutely not extreme inflation over there. It's pretty clear that you have no idea what inflation is let alone "extreme inflation".Manhattan Buckeye;1617192 wrote:
2) extreme inflation
The reason jobs go to these other countries is all about the about the exchange rate and nothing to do with the minimum wage. Australia and Germany for example are able to have much higher minimum wages, $15.75 and $11.75 respectively and still export to other countries. The Germans for example have conquered Europe with the Cross of the EURO which prevents its trading partners from devaluing their currency.HitsRus;1617182 wrote:Our labor is already overpriced compared to the world stage...that's why everything is manufactured in China. Even agricultural products, such as apple juice can be shipped and imported and be lower priced than the American product.
Tough to run trade surpluses when your country has nothing to offer.BoatShoes;1617220 wrote:The reason jobs go to these other countries is all about the about the exchange rate and nothing to do with the minimum wage. Australia and Germany for example are able to have much higher minimum wages, $15.75 and $11.75 respectively and still export to other countries. The Germans for example have conquered Europe with the Cross of the EURO which prevents its trading partners from devaluing their currency.
The world simply wants to devalue against the U.S. dollar and send us their wealth and there's nothing we can do about it. And, there's no reason we should be upset about it because we're getting real wealth in exchange for claims on our Central Bank. We should react to this decision by the rest of the world by running an adequately large budget deficit to increase the net financial assets on the balance sheets of our private citizens with claims on our own government since they will not accumulate claims on foreign government's through a trade surplus.
Germany only passed that minimum wage the end of last year, and it has not taken effect yet.BoatShoes;1617220 wrote:The reason jobs go to these other countries is all about the about the exchange rate and nothing to do with the minimum wage. Australia and Germany for example are able to have much higher minimum wages, $15.75 and $11.75 respectively and still export to other countries. The Germans for example have conquered Europe with the Cross of the EURO which prevents its trading partners from devaluing their currency.
The world simply wants to devalue against the U.S. dollar and send us their wealth and there's nothing we can do about it. And, there's no reason we should be upset about it because we're getting real wealth in exchange for claims on our Central Bank. We should react to this decision by the rest of the world by running an adequately large budget deficit to increase the net financial assets on the balance sheets of our private citizens with claims on our own government since they will not accumulate claims on foreign government's through a trade surplus.
Is that why no one can afford a house (unless you already have one) and why rental property is roughly twice what it would be in the US in most EU countries. And that $30,000 car you can buy in America. Figure on close to double that cost and likely a several month wait.BoatShoes;1617220 wrote:The reason jobs go to these other countries is all about the about the exchange rate and nothing to do with the minimum wage. Australia and Germany for example are able to have much higher minimum wages, $15.75 and $11.75 respectively and still export to other countries. The Germans for example have conquered Europe with the Cross of the EURO which prevents its trading partners from devaluing their currency.
The world simply wants to devalue against the U.S. dollar and send us their wealth and there's nothing we can do about it. And, there's no reason we should be upset about it because we're getting real wealth in exchange for claims on our Central Bank. We should react to this decision by the rest of the world by running an adequately large budget deficit to increase the net financial assets on the balance sheets of our private citizens with claims on our own government since they will not accumulate claims on foreign government's through a trade surplus.
Boatshoes has rarely understood anything he's said or charts he's posted....which is why I pretty much ignore him.Manhattan Buckeye;1617323 wrote: - and BTW, you realize that chart is a year over year annualized rate.
What amazes me is that, in general, his posts suggest a fair degree of intelligence. It makes me scratch my head and ask, "what happened?"gut;1617324 wrote:Boatshoes has rarely understood anything he's said or charts he's posted....which is why I pretty much ignore him.
In order to be a liberal, one has to REALLY want to be stupid.
No possible way BS would use something as evidence that actually hasn't taken affect yet. You have to be wrong.Al Bundy;1617279 wrote:Germany only passed that minimum wage the end of last year, and it has not taken effect yet.
Welcome home, bro. Please tell me that you won't be any closer than 75 miles from DC. lolManhattan Buckeye;1617509 wrote:This is amusing to me, but now that we are leaving England and moving back to the USA the local Papa John's is now delivering to our address. Their special, as in a medium one-meat special, is $17. And they actually advertise that. People would riot in Ohio if they paid $17 for a medium pizza.
Unless anyone has visited (or better yet lived) in the EU one has no idea how expensive stuff is, on top of a 40% tax rate. We made over well over 6 figures last year and live in a house with 2 bedrooms and 1 bathroom.
That is inflation.
We are looking forward to moving back to Virginia.
You are correct but that was just an example and we have to think about why Germany never really had a need for a legislated minimum wage in the first place, very strong labor representation within their corporate structures the types of which Conservatives in the United States would declare as the end of capitalism! The bottom line is those things are largely small potatoes in comparison the exchange rate. Germany didn't conquer Europe because they didn't have a statutory minimum wage...they did it by conning less efficient countries into adopting the Euro.Al Bundy;1617279 wrote:Germany only passed that minimum wage the end of last year, and it has not taken effect yet.
Our worker's are plenty talented and produce the second most output per hour in the world. Indeed your example is a perfect one to show the powerful effect the differences in the exchange rate can have. It's like a the Minnesota Vikings playing a team that refuses to take 9-10 guys out of the box no matter what, refusing to allow Adrian Peterson to beat them. The Vikings have to adapt and pass. The Chinese want to build their nation out of the ground by building stuff like Solar Panels for us here in the States. We should let them.believer;1617241 wrote:Tough to run trade surpluses when your country has nothing to offer.
Locally here in Tennessee, for example, Hemlock Semiconductor recently built a 1.2 billion dollar plant and never produced a single solar panel because the Chinese were able to offer the same product at a fraction of the cost.
Just an unbelievable lack of foresight and an enormous waste of economic resources. Not to mention another punch in the nose to Barry's "green initiatives".
http://www.knoxviews.com/node/19635
Here's a link from 2011 that gave a rosy outlook on the plant's construction and alleged opening. LMAO:
http://archive.tennessean.com/article/20110918/NEWS01/309180054/TN-s-solar-industry-faces-clouded-future
Place looks like Emerald City...not a single solar panel made to date!
Again, as evidenced by your post on "inflation in Japan" (which is a famous example in the history of macroeconomics for deflation) because of a high cost of living, you once again demonstrated that you literally do not know what inflation is. And, your anti-Obama butt-buddy Gut even had the decency to chime in and point this out for you last time.Manhattan Buckeye;1617323 wrote:Is that why no one can afford a house (unless you already have one) and why rental property is roughly twice what it would be in the US in most EU countries. And that $30,000 car you can buy in America. Figure on close to double that cost and likely a several month wait.
But don't let facts get in the way of one of your precious charts that completely ignores the inflation in Europe that normal people (not the increasingly growing people relying on government welfare) who work for a living face. After all you've spent so much time there, right?
- and BTW, you realize that chart is a year over year annualized rate. Who in the UK gives a rats ass that prices may have gone down by a small percentage, when they are already insanely high to begin with vis a vis the US?
Economics . a persistent, substantial rise in the general level of prices related to an increase in thevolume of money and resulting in the loss of value of currency
1. Please stop. Your butt-buddy MB does not know what inflation is. It is ok to correct one of your fellow members of team conservative. It does not mean you agree with me if you point out when one of your little buddy's consistently makes ignorant claims.gut;1617324 wrote:Boatshoes has rarely understood anything he's said or charts he's posted....which is why I pretty much ignore him.
In order to be a liberal, one has to REALLY want to be stupid.
Whether one is a progressive or a conservative has nothing to do with intelligence...just like religious belief. It is what it is. Reasonable and intelligent people can have any number of ideological proclivities.believer;1617325 wrote:What amazes me is that, in general, his posts suggest a fair degree of intelligence. It makes me scratch my head and ask, "what happened?"
I'm guessing that his parents are leftist economics profs at a private Marxist college. :RpS_w00t:
I could have just have easily used the relative power of labor to capital. It doesn't matter. The exchange rate is the name of the game.jmog;1617333 wrote:No possible way BS would use something as evidence that actually hasn't taken affect yet. You have to be wrong.
