Re: Foreclosures gain on sales



phil scott wrote:
On Sep 22, 4:53 pm, Terryc <newsthreespam-s...@xxxxxxxxxx> wrote:

phil scott wrote:

Most on the ng seem to understand that this is not just another
economic cycle,

Then they are fools.



Most miss the fact that our industrial infrastructure and brain trust
are both going into collapse along with the tax base..

Well, that is just two areas in which you are past your current peak. Manufacturing will probably not recover for a number of generations. The brain drain probably isn't. It will be more related to where the trans-national head quarter. The USa is just seeng what other countries have had to put up withsince WWII.


both a vital
components of recovery... now largely gone.... thats nasty, prior
recessions and depressions had the USA as the worlds leading
manufacturer and only source of most manufactured goods and
machinery..


thats no longer the case... china is fast becoming dominant (per the
CIA's report also)

1) The CIA can not find its own arse. Their fact book is just fashionable knowledge.

2) It isn't China. It is trans-national companies. It started in the 50's and the relocation of manfacturing base has just moved faster and faster. Until Peak Oil starts to really bite the cost of transport, it is just going to go on and get worse. China is the place because it is a growing consumerist market and it has the potential to be huge compared to the USA and Europe. so, the trans-national will move their manufacturing to China, sell a motza into the chinese/asian market and send run ons back to the USA and Europe.

Note,the chinese are going to have a rougher time than the USA factory worker. They will definitely become more menial as automation bits harder. Bigger job runs, which has lead to cheaper consumer end price, means more processes can be robotised, so there will be less workers and/or they will be paid less. The only thing that will keep automation down s the cheapness of chinese labour, provided they can produce quality goods, which is the major problem atm. remember "made in japan"?



indeed this is just another cycle...but it will be 100 year long one
in the pits as the US levels standards of living with hut dwellers in
China..who will move up actually... two chicken heads in every pot,
not just one.


A study of history shows this to be a constantly repeating pattern,
worst at the peak of a nations power, leading to total collapse within
20 years of that peak..we peaked in 1990 approx.

Natural cycle yes, time scale, I'm not so sure. There are lots of factors that change time scales.



There are books on this broader history of nations you might find
enlightening. Dr Ravi Batra's book is in analysis of Kondratiev, on
these issues of recession, depression and national collapse cycles.

The problem with all these books are that it doesn't help me. none of the knowledge is practical, unless you are looking for justification to slash your wrists.


study history...notice how long nations once dominant last at their
peak and where they are now... China after 100 years of starvation
is now coming back onto a peak.. that will last half a generation or
so, 40 to 50 years as ours did, then it too will get fat, arrogant,
lazy, corrupt and stupid.

It isn't just the country. It is how you stand compared to the rest of the world, especially now that global resource competition is only going to intensify.
.



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