Home › Forums › Financial Markets/Economics › A nice “upbeat” commentary on America’s future
- This topic has 300 replies, 22 voices, and was last updated 16 years, 5 months ago by
peterb.
-
AuthorPosts
-
September 24, 2008 at 11:12 PM #275332September 25, 2008 at 3:59 AM #275041
CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]Um, if you really want to downgrade you benefit of living, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 3:59 AM #275293CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]Um, if you really want to downgrade you benefit of living, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 3:59 AM #275295CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]Um, if you really want to downgrade you benefit of living, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 3:59 AM #275344CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]Um, if you really want to downgrade you benefit of living, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 3:59 AM #275361CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]Um, if you really want to downgrade you benefit of living, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 4:00 AM #275047CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]If you really want to downgrade your living standard, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 4:00 AM #275298CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]If you really want to downgrade your living standard, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 4:00 AM #275300CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]If you really want to downgrade your living standard, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 4:00 AM #275349CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]If you really want to downgrade your living standard, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 4:00 AM #275366CoronitaParticipantBookmarking this thread and will revisit a year from now.
[quote]
– As the dollar will crash, what else (besides gold) to trade our dollars into as protection from this devaluing. EUROS? Chinese RMB?– In terms of career, the Smart Move is obviously to take a job overseas that pays salary in foreign currency. Then as the dollar falls in value, you get an effective raise as your salary is paid in a currency that is rising against the dollar. A job (paying western scale salary but in RMB) in China is the obvious choice.
[/quote]If you really want to downgrade your living standard, sure go to china and be a worker bee there and see how well you get treated. I think most people here have a misconception about opportunities in China. First, the wealth that people associate to seeing here wrto folks from China is the top 1% of the population that has the economic and political clout to do whatever the hell they want, include coming here. They are business owners/factory owners/etc. (BTW: great to be friends with some of these folks, because I never have to buy any kids clothes at Gymboree or BabyGap when your friends are suppliers to those retailers).
There was a time when people moved from here overseas (people of ABC background or from mainland that went over there to start a business), but it’s really too late for this. China has already caught up, and you (especially as a enginerd) really don’t bring any additional value to the table, plus you can’t speak the local language or read or write.
Next, it should be obvious that the RMB is state controlled and pegged to the U.S. dollar (sort of). While it’s no problem to convert usd to RMB, there are limitations on how much you can convert RMB to USD or any other currencies. Without having a shell company, common people can’t convert back masses of RMB to foreign currency.
Did I mention that the european markets aren’t looking too good these days also?
As far as the private sector, American’s will just have to learn to deal with living with less.
September 25, 2008 at 9:21 AM #275103PCinSD
Guest[quote=Allan from Fallbrook]pablo:
Many .357 shooters use .38 Special on the range and then load .357 Mag loads for protection. In a combat situation they are then unused to the recoil and muzzle flash of the heavier Magnum load and therefore are ineffective at the most crucial time.Federal makes an excellent load for the .357, the 158gr Hydra-Shok. Takes a little getting used to, especially with the recoil and muzzle flash, but a real stopper, especially coming out of a 6″ tube like your K frame Smith. [/quote]
Thanks for the tip Allan. I’ve never owned a revolver, let alone a nice K frame .357. I understand that I should stay away from 125 gr rounds because they have a potential to crack the barrel forcing cone. I’ll probably only put a box or two of rounds through this gun in its lifetime. I want to keep it in fairly desirable condition. This will spend most of its time locked away, and will never be used for home defense. For that, I have my Sig 9mm. I’m comfortable with that and fairly proficient. Plus, it has the night sights and the high capacity magazine. I’ve been fortunate enough to having never needed to pull my weapon on someone, but I’m sure the nerves/panic kick in. I like knowing I can miss 6 times and still have 9 more rounds to go before reloading:)
September 25, 2008 at 9:21 AM #275353Guest[quote=Allan from Fallbrook]pablo:
Many .357 shooters use .38 Special on the range and then load .357 Mag loads for protection. In a combat situation they are then unused to the recoil and muzzle flash of the heavier Magnum load and therefore are ineffective at the most crucial time.Federal makes an excellent load for the .357, the 158gr Hydra-Shok. Takes a little getting used to, especially with the recoil and muzzle flash, but a real stopper, especially coming out of a 6″ tube like your K frame Smith. [/quote]
Thanks for the tip Allan. I’ve never owned a revolver, let alone a nice K frame .357. I understand that I should stay away from 125 gr rounds because they have a potential to crack the barrel forcing cone. I’ll probably only put a box or two of rounds through this gun in its lifetime. I want to keep it in fairly desirable condition. This will spend most of its time locked away, and will never be used for home defense. For that, I have my Sig 9mm. I’m comfortable with that and fairly proficient. Plus, it has the night sights and the high capacity magazine. I’ve been fortunate enough to having never needed to pull my weapon on someone, but I’m sure the nerves/panic kick in. I like knowing I can miss 6 times and still have 9 more rounds to go before reloading:)
September 25, 2008 at 9:21 AM #275355Guest[quote=Allan from Fallbrook]pablo:
Many .357 shooters use .38 Special on the range and then load .357 Mag loads for protection. In a combat situation they are then unused to the recoil and muzzle flash of the heavier Magnum load and therefore are ineffective at the most crucial time.Federal makes an excellent load for the .357, the 158gr Hydra-Shok. Takes a little getting used to, especially with the recoil and muzzle flash, but a real stopper, especially coming out of a 6″ tube like your K frame Smith. [/quote]
Thanks for the tip Allan. I’ve never owned a revolver, let alone a nice K frame .357. I understand that I should stay away from 125 gr rounds because they have a potential to crack the barrel forcing cone. I’ll probably only put a box or two of rounds through this gun in its lifetime. I want to keep it in fairly desirable condition. This will spend most of its time locked away, and will never be used for home defense. For that, I have my Sig 9mm. I’m comfortable with that and fairly proficient. Plus, it has the night sights and the high capacity magazine. I’ve been fortunate enough to having never needed to pull my weapon on someone, but I’m sure the nerves/panic kick in. I like knowing I can miss 6 times and still have 9 more rounds to go before reloading:)
September 25, 2008 at 9:21 AM #275404Guest[quote=Allan from Fallbrook]pablo:
Many .357 shooters use .38 Special on the range and then load .357 Mag loads for protection. In a combat situation they are then unused to the recoil and muzzle flash of the heavier Magnum load and therefore are ineffective at the most crucial time.Federal makes an excellent load for the .357, the 158gr Hydra-Shok. Takes a little getting used to, especially with the recoil and muzzle flash, but a real stopper, especially coming out of a 6″ tube like your K frame Smith. [/quote]
Thanks for the tip Allan. I’ve never owned a revolver, let alone a nice K frame .357. I understand that I should stay away from 125 gr rounds because they have a potential to crack the barrel forcing cone. I’ll probably only put a box or two of rounds through this gun in its lifetime. I want to keep it in fairly desirable condition. This will spend most of its time locked away, and will never be used for home defense. For that, I have my Sig 9mm. I’m comfortable with that and fairly proficient. Plus, it has the night sights and the high capacity magazine. I’ve been fortunate enough to having never needed to pull my weapon on someone, but I’m sure the nerves/panic kick in. I like knowing I can miss 6 times and still have 9 more rounds to go before reloading:)
-
AuthorPosts
- You must be logged in to reply to this topic.