If you're in Shenzen you can take a walk and pick up all the components you need for your prototype project in the morning and assemble them in the afternoon.
Here in the US we have to order the components from china and it takes weeks to months.
I say if you lose [slashdot.org] your manufacturing you lose [slashdot.org] your education and the economy. [slashdot.org]
But the reason why the manufacturing was lost in the first place is the government manipulating the money supply, interest rates, business and labour and creating a giant welfare/military state.
China manufactures [slashdot.org], thus is has the real economy. USA prints money, borrows, taxes and has no real economy [slashdot.org].
A month ago or so, China decoupled from the US dollar [slashdot.org], the idiots see it as something China is doing to 'devalue' its currency. The reality is that once the dollar bubble pops, the Chinese will not be forced to maintain the artificial peg an Yuan will skyrocket compared to the USD.
This was a long road, the Chinese gained when the Americans defaulted on the gold dollar back in 1971. Chinese gained when the Americans were spending more and more on unsustainable military and welfare state. Chinese put up with USA was maintaining its artificial 0% interest peg for a while, but Chinese don't want to put up with this any longer, they want an actually strong currency, currency that is not forced to inflate every time the Fed starts yet another round of QE (and QE4 is coming).
The value of money and the economy and manufacturing and education and standard of living are very much linked into one system and they cannot be artificially manipulated forever.
no duh (Score:5, Insightful)
If you're in Shenzen you can take a walk and pick up all the components you need for your prototype project in the morning and assemble them in the afternoon.
Here in the US we have to order the components from china and it takes weeks to months.
...and that's not the end of the problem... (Score:0)
I say if you lose [slashdot.org] your manufacturing you lose [slashdot.org] your education and the economy. [slashdot.org]
But the reason why the manufacturing was lost in the first place is the government manipulating the money supply, interest rates, business and labour and creating a giant welfare/military state.
China manufactures [slashdot.org], thus is has the real economy. USA prints money, borrows, taxes and has no real economy [slashdot.org].
A month ago or so, China decoupled from the US dollar [slashdot.org], the idiots see it as something China is doing to 'devalue' its currency. The reality is that once the dollar bubble pops, the Chinese will not be forced to maintain the artificial peg an Yuan will skyrocket compared to the USD.
This was a long road, the Chinese gained when the Americans defaulted on the gold dollar back in 1971. Chinese gained when the Americans were spending more and more on unsustainable military and welfare state. Chinese put up with USA was maintaining its artificial 0% interest peg for a while, but Chinese don't want to put up with this any longer, they want an actually strong currency, currency that is not forced to inflate every time the Fed starts yet another round of QE (and QE4 is coming).
The value of money and the economy and manufacturing and education and standard of living are very much linked into one system and they cannot be artificially manipulated forever.