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Post by Baron von Lotsov on Aug 13, 2024 19:10:21 GMT
I agree with this guy's analysis. This video takes a look at the various graphs to show where we are regarding debt, tax as a percentage of GDP and foreign direct investment. I know people have strong misgivings about Starmer and his brain, but we have a problem and a way to fix it.
The economy at the moment is between a rock and a hard place. If you pull any of the normal leavers then it will make something else bad. For example you could raise more money by taxing the rich, but then they leave and take their money with them.The problem is related to productivity. We are not nearly as productive as the US. Someone pointed out that if we took two identical workers, if they both produce what a Brit produces in a year, the American will be finished by September. You have all the usual problems with ageing infrastructure and underinvestment. However, there is an alternative. To give you an example of a plan on the table right now is a huge UK battery factory. China is looking to provide 6000 high tech jobs making batteries and presumably supplying the European market. That's the silver lining. We left the EU remember. That puts us in a privileged position. What was seen as a curse could now transform into a blessing. We just need ot keep the trade free. Free trade will mean more trade and give confident in foreign investment. If you disagree, then lets hear your alternative.
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Post by Vinny on Aug 13, 2024 19:14:22 GMT
Wrong
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Post by Pacifico on Aug 14, 2024 6:41:57 GMT
Looking at the deteriorating state of the Chinese economy it's difficult to see who needs who.
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Post by Baron von Lotsov on Aug 14, 2024 8:44:10 GMT
Looking at the deteriorating state of the Chinese economy it's difficult to see who needs who. I can't see any deterioration. You are confusing it with the UK economy. China generates about 2 billion dollars of surplus trade each day and is selling US bonds. This money has to be invested somewhere and the UK is direly lacking investment and will be even more up shit creek if this wealth tax comes in. It's a case of beggars can't be choosers, and besides I'd rather give the right to work in the UK to Chinese billionaires rather than middle Eastern terrorists. What's your preference? |
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Post by piglet on Aug 14, 2024 9:50:16 GMT
We need China like i need covid.....or hives, dandruff, acne, constipation. Constipation is an interesting one, at least with the right medicine, i could repel said stuff.
Unlike the Chinese.
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Post by Baron von Lotsov on Aug 14, 2024 10:19:14 GMT
We need China like i need covid.....or hives, dandruff, acne, constipation. Constipation is an interesting one, at least with the right medicine, i could repel said stuff. Unlike the Chinese. With such a childish attitude I doubt you have any credible idea how to get out of the mess as stated in the above video. |
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Post by Vinny on Aug 14, 2024 10:28:45 GMT
It's high time China had democracy instead of the CCP.
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Post by piglet on Aug 14, 2024 10:31:38 GMT
If China had a mouth, we could prescribe senokot.
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Post by Pacifico on Aug 14, 2024 10:31:59 GMT
Looking at the deteriorating state of the Chinese economy it's difficult to see who needs who. I can't see any deterioration. of absolutely no surprise to anyone..  |
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Post by Baron von Lotsov on Aug 15, 2024 9:40:47 GMT
I can't see any deterioration. of absolutely no surprise to anyone.. You think you are smart, but all of you are stupid because none of you have managed to provide a credible alternative economic plan. I look at your replies in dismay. The Western car production business is about to be taken over by China. Chinese manufacturers of cars add only a a very small profit margin, far smaller than the Western brands. If you understood business you would recognise it for what it is. In building a business you can either make a quick return or effectively buy market share. They do the latter and if you look at the charts you will see I'm correct. Increased production through enlarging market share then gives you economy of scale. The only car manufacturer I think will prosper from the West is Tesla. They have a special deal with China cos the chap who runs it is far smarter than all of you put together and works with them. Answer one simple question for me. If British manufacturing can't compete, where will we earn our money from as a country. Do you think financial services will save us?
Now I expect you will leave one of your one line jokes.
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Post by piglet on Aug 15, 2024 10:15:28 GMT
Still trying to live up to your childhood prodigy status then, being a prodigy, better, more insightful, knowledgable than the rest.
I have a credible economic plan, its called making a profit.
Why mess around with car making robots, factories, work force crap. In cards it is said that a good dealer beats a good player, that applies to financial services, let assholes work hard on making cars. The Chinese, Russians, any trumped up gangster Iran etc, they all only play one game.
Catch up with the west. Im sure Washington has weapons, weapons to make soup out of Chi, and Putin, then feed it to the chinese proletariat, as a fun garden fete.
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Post by Orac on Aug 15, 2024 10:36:45 GMT
I do agree with Baron in a limited distal way
The management incompetence in the west is now so well entrenched, a disaster is now unavoidable. It will cause a disaster if left installed and it can't be changed without causing a disaster
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Post by Baron von Lotsov on Aug 15, 2024 10:57:16 GMT
Still trying to live up to your childhood prodigy status then, being a prodigy, better, more insightful, knowledgable than the rest. I have a credible economic plan, its called making a profit. Why mess around with car making robots, factories, work force crap. In cards it is said that a good dealer beats a good player, that applies to financial services, let assholes work hard on making cars. The Chinese, Russians, any trumped up gangster Iran etc, they all only play one game. Catch up with the west. Im sure Washington has weapons, weapons to make soup out of Chi, and Putin, then feed it to the chinese proletariat, as a fun garden fete. What about dedollarisation? I notice it has not made my English spellchecker dictionary so far. It isn't talked about in Western media but you only played that trick by being a reserve currency. As the dollar is forced out of circulation and countries around the world stop buying US treasury bonds so the dollar will undergo high inflation. The normal medicine for this is to raise interest rates but that makes borrowing more expensive. This is already beginning to happen and the UK's financial services appears to hit a peak. Listing on the London Stock Exchange does not give you access to that much capital. Companies are dithering about whether it is worth it, or whether they would say been better off listing on the Far Eastern exchanges where there is growing volumes of capital, and of course they would get access to more capital if they listed in the US.
Since WW2 we have been relying on our special relationship with the US where we get a cut of the business. Most of the FDI came from the US, then Japan got in on the act and now China is the cash rich investors. Japan is screwed as well. Everyone relying on the dollar system will go down with it, and those who do will squabble between themselves on who gets what from a diminishing pot of wealth.
There is no doubt in my mind what China is doing and from what I can tell it is doing everything in exactly the right way to bring about this scenario. I would not listen to those who scoff at them and say would you want to live like that. They don't get paid as much and they don't waste any money or any resource. Even the old circuit boards we throw way and call E-waste, in China you have cottage industries out in the rural areas who take these boards, remove the chips and refurbish them, print new markings on them and then sell them on the market. It's this mindset of the Chinese that you squeeze every last RMB of value out of what you have got which will in the economic sense totally trash the West once the control of the dollar system is finished and we have free trade. If the UK wants to be an anybody in 50 years then it has better start now and open up its markets to this new slicker form of capitalism. Like going down the gym. It needs to get fit to compete.
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Post by Baron von Lotsov on Aug 15, 2024 11:14:20 GMT
I do agree with Baron in a limited distal way The management incompetence in the west is now so well entrenched, a disaster is now unavoidable. It will cause a disaster if left installed and it can't be changed without causing a disaster This is why we need another string to our bow. The first law of investment banking is don't put all your money into one sector or you are vulnerable. It's like the old mechanical camera manufacturers were when digital came in. They could see their entire market about to vanish and the ones who survived were the ones who could see where things were going the soonest.
A couple of good offers we foolishly turned down due to "security concerns" were MTR bidding half price for HS2 and faster trains for that price and the other one was a partnership with Rolls Royce which could have seen them as principle engine supplier to the Chinese domestic aircraft market. They turned it down because apparently they had secrets. I expect British Leyland had some as well and they were buried with the company.
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Post by Bentley on Aug 15, 2024 11:27:28 GMT
We cannot wish China away so we need to make the best of it .
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