Topic: What N America and Europe need to start on now! - page 2. (Read 832 times)

What we need is not the infrastructure buildings but more on producing pharmaceutical needs and equipments. I think we have enough infrastructures for electricity and etc.

This is all expected behavior. Economic crises breed populism and political scapegoating:


In the west, this crisis has only exposed (not created) the condition of an eroding middle class and increasingly destitute working class. Wages have barely risen in decades while corporate profits have endlessly risen.

The question now is, will the working class now turn their ire towards their corporate overlords? Or will they let politicians channel their anger and desperation into racism and political scapegoating, and maybe even a military war against China?

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I am starting to see China getting more criticism re exporting Beer Virus.  I saw a headline today (did not read the piece though) that the Foreign Minister of the British government has become hostile to China, and perhaps they will act.

https://www.zerohedge.com/geopolitical/boris-johnsons-stand-backs-trump-china-well-have-ask-some-hard-questions


China has just announced export blocks of medical PPE  just today: https://www.zerohedge.com/geopolitical/logjams-new-china-export-restrictions-freeze-medical-goods-destined-us  CHICOMS are not our friends.


I reiterate that to bring back pharma, rare earth mining & processing and electronic components would indeed be hugely expensive.  I mentioned that at the beginning of this thread.


Finally Trump may announce a big US infrastructure program at 6:00 PM EDT: https://www.zerohedge.com/health/trump-hold-major-news-conference-6pm-will-announce-reopening-guidelines-2-trillion-stimulus


[ZeroHedge is on fire today]

Building infrastructure is the most used solution in order to kick off the economies again.
However, this would happen by printing more money in order to drop it to the economies. It is very risky to do so as it will create inflationary trends which would be damaging to the economy instead of helping it.

I'm not much for conspiracy theorists but speaking at least in my part of the world, my state's actually used pretty much all of the past crises to their own benefit. Sure, the 1997 Asian crisis was bad, it resulted in huge bailouts (at expense of taxpayer) and joblessness, but the government stepped right back in to steady the ship for a lot of people, got really popular and stayed in power for a really long time past expiry date. It even used the crisis to deflect politics going on at the time (student riots etc).

Same thing 20 years later now. We have a lot of deep issues but the depression, impending joblessness and covid-19? States distributing stimulus cash. Miserable sum but people are people and they will remember the cash for next election.

The cheap labor comes from the third world countries though. Thats why the first world countries make sure to keep them in third world and not allow them to develop further and compete with them. It is a part of the world politics and policies. Though currently the divide is less known because everyone is cooperating if needed.

Thats called overthinking. People will suffer from this condition no matter a cure if found or not. It is currently a very grim situation.

Governments are already doing what they can. People have to make comments sitting from home though without going to the real scenario, which is not called for.

I think not, it is not that easy to forget what this pandemic brought to us because there are many people who are dying and many people who are suffering. Some people aren't that stable enough to sustain the lives and food of their family. Some people have no work and no pay, they are just relying on the government just to survive this quarantine.

We have different classes of lives, not all of us can afford a lot of supply and foods for a month, some are homeless and have nothing but clothes. We will never forget how disastrous this Covid-19 pandemic to all things here in the world. Economy crashes and the government is trying its best to manipulate and manage it properly.


How can be an economy crash will be use as their own benefit? Governments are suffering most especially those who are countries that isn't completely developed. Those countries who are over-populated besides China, like India, they are the second largest population and they are having a hard time controlling their people.

The price of every item should be reduced by not returning to any country's production N America and Europe got to start trading immediately. at present, things are decreasing consistently with things in the country People are unable to try any work. within the case of the trade agreement between America and Europe if they assist the helpless people of each country together then ordinary people can live normal lives.

Returning some production to the United States from other countries is quite expensive. All of them were handed down due to rather high salaries and other financial indicators. Of course, they may return, but then they will need to sell drugs more expensively, and this will reduce demand. The only option is assistance from the government, which compensates for part of the costs.

One way or another, the entire current situation in the world depends primarily on the rate of spread of coronavirus.  On the one hand, in order to preserve the life and health of people, quarantine is needed, and on the other hand, this quarantine negatively affects business.  Some politicians have already stated that there are two options for overcoming this situation.  The first is to wait until the vaccine for coronavirus is created, but for this you need to wait at least six months.  And another option is to give people the opportunity to get sick with a coronavirus, they make the body itself struggle with this problem, and they will have to sacrifice many lives, and at the same time, the business will be able to work more or less somehow.  I’m just in shock and I don’t even know how to react to such statements of politicians.

Trump's economic adviser Larry Kudlow is bullish about on-shoring of American businesses. He's even suggesting the US government should "pay the moving costs" for companies who want out of China:


I have no idea how workable that is from a policy standpoint, but if nothing else I can agree with this:


https://www.forbes.com/sites/kenrapoza/2020/04/10/kudlow-pay-the-moving-costs-of-american-companies-leaving-china/#111d5c0113c6

As is happening in Indonesia today, many anti-mainstream economic observers explain that it is better for the rupiah to weaken significantly against the dollar by design than the rupiah to weaken against the dollar by accident. So it's different to see an economic failure by design or by accident.

For example, conducted by China, the weakening of the Yuan from a kind of ordinary people is seen as a weak economy even though it is China's strategy to keep its trade balance surplus even though the US is implementing a currency warfare.

The war on Afghanistan was primarily about oil. Afghanistan is crucial to a central Asian pipeline system that bypasses Iran and Russia, which would bring cheap petroleum to the US and UK. http://news.bbc.co.uk/2/hi/south_asia/1626889.stm


https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world

If corporate tax rates are cut, how do you expect to replace that tax base? By cutting social entitlements?

I'm expecting the opposite. This pandemic is showcasing the frailty of the US health care system, which is mostly employer based. As unemployment becomes rampant, the number of uninsured is soaring. Meanwhile, insurance companies are planning on jacking up rates by up to 40%.
https://www.cnn.com/2020/04/11/health/nurse-last-words-coronavirus-patient-trnd/index.html

This situation is coming to a head. This may be the tipping point where the US finally moves towards universal healthcare.

I'm not certain if north america contains rare earth metal deposits. It might interest people to know afghanistan was said to have trillions of dollars worth of natural deposits. Which could be one reason why russia and later the united states tried so hard to occupy that country.


Its not necessarily manufacturing itself which is expensive in the united states.

It may be more accurate to say america has the highest corporate taxes in the world coupled with a higher average cost of living. Both of which contribute to higher cost of labor. Making manufacturing prohibitive. Corporate tax cuts and reduced average cost of living both carry the potential to reduce cost of manufacturing which would allow america to be more competitive as a manufacturing base.

The issue could be easy to solve, if only we can accurately define the problem.


The main issue with infrastructure. The government collects taxes specifically to maintain infrastructure. They collect road taxes, gas taxes, telecom taxes. And many other forms of infrastructure related taxation. Revenue which in theory is supposed to be spent on upgrading and maintaining roads, gas/petroleum infrastructure, internet and telecom infrastructure. Those infrastructure taxes are always diverted to other pet programs. This has been the standard trend for decades upon decades which is the reason why infrastructure is neglected and poorly maintained.


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Never too late, USA, Europe and other nations of the world over dependent on the Chinese market is a dangerous one. People must be taught to lead a moderate life and the society must adjust to suit that. Companies that are domiciled i China should be returned back and the government and private companies should review labor terms, and reduce tax paid by these companies to ensure they remain i their indigenous countries otherwise we may soon be at the mercy of China as it's headed. 99% of my gadget are made in China.

Well, tax payers and what they want to do depends on how they think their taxes are used and how well it is spend back to them. Look at USA state Vermont and Colarado for example, they do spend a decent amount of tax just like any other state but the amount of tax evasion is a lot less there, why? Because they believe their tax actually goes back to them, look at places that are in more south, like Texas or Kansas and what not, there are more people who are evading taxes there.

However the real trouble is the huge companies, companies like facebook who try to move to overseas to Ireland and what not to pay less taxes while making their profits in USA, look at the cruise ships right now, they literally moved their headquarters to Bahamas and so forth to avoid paying taxes but now asking for more money. So basically tax payers would pay their taxes, as long as they see others pay as well and it is used back to them.

So far, world trade is still dominated by China. And the beginning as an imitating country becomes a country that is reliable in modifying a product so that it has added value. So that China is known as the World manufacturing center.

The competitive price factor is indeed a determining factor in the behavior of Chinese goods in the international market. Abundant resources, cheap labor, Chinese government support for foreign investment and also the ease of project funding are factors that support Chinese products having competitive prices.

One of the Chinese government's supports for the export of Chinese products is to deliberately devaluate or decrease the value of its currency. Yuan supplied, reproduced, washed into the market. The supply is propagated in the market through its large foreign exchange reserves. China does not want to be like the US whose currency is too strong, so that export competitiveness decreases because the price of goods is too expensive.

Yeah well, probably not going to happen any time soon.

Seems like most of the economy now is investing, banks and top 100 companies.

1945-1973 Capitalism. It will happen. Expect much more expensive state and much higher taxes. Question is what will tax payers do. We are not in 1973 anymore.

The peak of the virus is yet to come and I think on this second quarter we will see a more case of the Covid19. We can only rise up again after the virus and of course if there’s a cure already but for now, many people are losing their job and many businesses are suffering big, even big companies are now struggling especially the airlines company.