Russian rouble hits near 2-year high vs euro/dollar

We’ll be alright.

 

Yes we will. Absolutely we will.

After all, having an Eastern Boss is only going to be a problem for people who can't cope with the cultural and economic changes it will bring.

 

Why is it bigotry? I’m just telling you the reality. Everyone likes to talk about China and their economic power in aggregate, which has a huge population, but it hides one simple reality - GDP per capita in China is on par with GDP per capita in Russia. Their purchasing power is pretty low. Also, Chinese copy everything, just like Soviets did, but, just like the soviets, they almost never innovate anything of their own. China is a giant factory for hire. Many significantly overestimate their abilities. If western companies start to invest into African countries, Chinese unemployment will start to grow rapidly, dragging their entire economy into the abyss. Brazilians aren’t sporting a very high GDP per capita either. Nor are the rest of Russian buddies. I think it’s long overdue for the west to start divesting from China and investing into doing a similar thing in Africa - that would help those extremely poor people and will calm down Chinese imperial ambitions.

Why would they do that?

 

That horse bolted (the 'weak China because weak Chinese' trope) bolted a couple of decades ago. Too late, soldier. They're right where they need to be, right now. Meantime, this idea that the West is still in control of who gets to do what (ie Africa), is an error for the same reason. It's too-freaking-late. We were in the drivers seat back when we were powerful and aligned. We've thrown all that away in the past two decades via globalism and hedonism. Things WE demanded, thinking we were invincible and invulnerable ... the foresight of idiot children.

They'll do it because they have to. If the dollar is worth three cents, and the yuan is worth a dollar .. what would you do?

 

I would build a factory in an African country and do manufacturing there, while showing middle finger to yuan.

Why would I need yuan if I don’t hire their factories anymore?

 

What's with this proprietorial attitude to Africa? Like you can just waltz in like white overlords and turn them into your alternative factory?

Meantime, you'll need it because it's become the global reserve.

 

There is nothing wrong with my attitude towards Africa - it’s the poorest continent where many people live on less than $1/day and it’s a travesty that the world tolerates such extreme poverty at this day and age while feeding a country with growing expansionist ambitions. Redirecting investment flows from China to Africa would drastically improve local quality of life while put a real restraint on Chinese ambitions.

 

Redirecting to Africa??

The only thing that will save the US is redirecting US investment back to the US. This constant wealth redistribution to China and the rest of the world will be America's downfall. It's time to kick the able-bodied off welfare and make those lazy SOBs get a job. Work or starve. That's how the Chinese became a dominant power. They are willing to work....Americans don't even want to mow their own yards while they are busy eating out 5 times a week and pissing away every dime they make riding the clock.

 

That's what the Romans said.

 

Which countries? Other countries will be so much expensive, that noone then buys products designed in the US and produced in these countries. In addition, if you think that China only manufactures, but not designs anything, then you are terribly wrong.

 

That sounds good on a campaign poster, but reality is such that people like cheap crap.

 

Do you really think Chinese labor is the cheapest labor in the world? You really think you can’t get someone who lives on $1/per day to work for $10/day?
The U.S. and other western countries could pick several African countries, make trade treaties that normalize legal framework, invite investors to build factories for hire and then invite western companies to hire those factories. Locals get a giant boost in disposable income and the west keeps getting cheap stuff. Everybody wins, except for China.

 

Dmitri, I would disagree with you on your developed ideas.The case with African countries will not work because of completely different mentality of people from Africa compared to Chinese. Africans are good at sports, but not definetely at anything that requires using brains. Even if they install the manufacturing facilities there, the quality of the products will be so low, that noone will buy BMW or Ford produced in Kongo.

 

With modern technology, you don’t need much brains to push a button. Modern software ability can literally eliminate all processes in between. For example, at my work, top accountants in our affiliates spend almost a whole day assembling spreadsheets to submit a monthly report to our headquarters and I’m tasked now with developing a software module (in the Bi software I built from scratch) to produce all those reports with just 1 push of a button. Think about it - I can fully automate 1 days worth of work for highly skilled labor. What makes you think similar things can’t be done with factory equipment? I’ve read somewhere that even in China, the equipment that makes processors has software that allows the equipment to work only if there is the authorization from the headquarters, so if things go south and Intel or AMD loses a factory - the factory won’t be able to just turn on that equipment and keep producing. They’d need to build the machine from scratch on their own. As for working culture in African countries - who said a work shift must be 8 hours? It can be 6 hours or 4 hours, and I’m more then confident there will be so many people willing to work, the plant could keep running 24/7.
Western dependence on China is a big illusion. Yes, if China would instantly stop trading with the western world, then the first couple of years would be painful, but we’d recover within a few years. On the other hand, Chinese government would have to deal with a billion of hungry citizens wondering where their country took the wrong turn.

 

Oh...how do you know Americans don't even want to mow their own yards?.....you been to many homes?

Eat out 5 times a week?....I don't...many peoples I know don't?....do you?

I don't "pi$$ away" every dime I make...how bout you?

If all you say was true...USA would be a 3rd world $hithole.....

 

This statement is pure racism. There are many black people out there who are a heck of a lot smarter than you or me. And what makes you think Chinese were on a much higher level than Africans before the west started to build factories there?

 

Find one genius, throw a normal curve, and you're done.

Education, education, wherefore art thou, education?
What’s in a name? That which we call a rose
By any other name would smell as sweet;
So education would, were he not education call’d,
Retain that dear perfection which he owes
Without that title...

 

Win what?....who gets hemorrhoids first?

 

Yep. Just like with training Ukrainians to use western weapon systems - train a couple of crews and the knowledge will spread like a virus. Same thing with Africans - build a factory, train a few crews, and you’ll have a self-sustained local knowledge base.

 

Yeah...training Ukes to use modern weapons systems seems to have brought numerous dividends....Mafialand orcs dying on an industrial scale.....I'm sure this drives the asiatic kolorads bonkers knowing these "malorus xoxols" are capable of doing this.

 

The Yuan??

Nope.

 

Check how many black people get Master and PhD degrees from the Universities compared to Chinese or white people. And explain the difference. How many black people are Nobel laureates? My statement has nothing to do with racism, but pure statistics.

 

We don’t need PhDs to operate factories in Africa. In most cases, ability to read and write will do.

 

You mentioned black Africans good at sports?

Yes,true Viska....and most are naturally good at it ....not like moscals who regularly "juice up" and get caught.

There's lots black peoples here in here US who get degrees from colleges and universities.

Why do Russkis attend Western universities?....at least the ones with money?

Because they receive good educations....whereas in Mafialand you get degrees in hacker attacks, disinformation, propaganda.

 

Even highly automated production lines require not only knowledge how to push a button, but also some knowledge on the production lines itself. Modern nuclear stations are fully automatic. Nevertheless a high degree in Engeneering or Physics in the relevant field is required to work in the stations. As far as quick flip from China to Africa -no way. For China it took more than 10 years to establish everything to work.