china's deep dodo

CHINA IS IN DEEP AND I MEAN VERY DEEP DODO

The first article I saw on the internet this morning. The second article was sent to me the other day and I read an article by Ayn Rand and she spoke of Spain being a very successful country in the 1700’s because they were making and exporting things. Look at Spain today, working from hand to mouth and that has been going on for decades. If things don’t change in the USA where we start making things here again the example of Spain is where we will be. There is an expression I heard years ago that goes like this; if you eat like an elephant you defecate like an elephant. China is the elephant.

The only way things can change in China is if they can rein in the virus and then inflate their currency to help the many businesses that would otherwise go belly up. Of course, the tariff business did not help and is part of their problem.

In my opinion all this economic stuff can be helped if there were NO tariffs to begin with just plain old FREE TRADE and I mean FREE TRADE. As the French businessman told the French minister of finance who asked the prominent businessmen of the day in the 1700’s; how can we (the government help) and one man stud up and said; “Laisse Faire” which I believe translates to “let us be”. That advice has fallen on deaf ears ever since.

As for the virus, was it caused by government experiments or was it a natural cause, I do not know. But I do think the governments of the world that have money waste it on researching things that should be left alone.

I found these articles very informative.

Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast Bloomberg News Bookmark February 23 2020, 5:30 AM February 23 2020, 9:02 PM (Bloomberg) -- Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines

Read more at: https://www.bloombergquint.com/global-economics/millions-of-chinese-firms-face-collapse-if-banks-don-t-act-fast
Copyright © BloombergQuint

Hi Jerry; this story is about “high-end fashion” companies that are dependent on China, but I believe the rest of the apparel market (winter outdoor wear) will suffer as well.

The Chickens Are Coming Home to Roost!

Here’s to MADE IN AMERICA!

https://www.zerohedge.com/markets/covid-19-triggers-global-luxury-market-bust-suggests-stock-market-correction-ahead