On 8/29/2015 8:45 AM, John Kuthe wrote:
> On Sat, 29 Aug 2015 21:57:59 +1000, Xeno >
> wrote:
>
>> On 29/08/2015 9:19 PM, Cindy Hamilton wrote:
>>> On Friday, August 28, 2015 at 4:10:46 PM UTC-4, John Kuthe wrote:
>>>> On Fri, 28 Aug 2015 13:01:16 -0700 (PDT), Cindy Hamilton
>>>> > wrote:
>>>>
>>>>> On Friday, August 28, 2015 at 3:03:06 PM UTC-4, John Kuthe wrote:
>>>>>> https://scontent-ord1-1.xx.fbcdn.net...59&oe=5662F673
>>>>>>
>>>>>> No mess, just grind as much as I want in a measure and viola!!
>>>>>>
>>>>>> I love good old fashioned QUALITY American made products!!
>>>>>>
>>>>>> And I especially love NOT SENDING ANY OF MY MONEY TO CHINA!!
>>>>>
>>>>> I don't mind sending a little of my money to China, since
>>>>> they provide the company for which I work with a good deal
>>>>> of annual revenue.
>>>>>
>>>>> Cindy Hamilton
>>>>
>>>> A LITTLE money? Do you have any idea what the trade deficit was last
>>>> year between the U.S. and China? Here, let me elucidate for you:
>>>
>>> I was comparing me spending $39.95 on a cheap Chinese appliance with
>>> the several million that my company gets from China, not the entire
>>> balance of trade figures.
>>>
>>> You're just looking for a fight. Sorry, I won't oblige.
>>
>> There's a lot of that going around lately.
>>>
>>> Cindy Hamilton
>>>
>
> No fight, the facts speak for themsleves.

Again:


http://www.treasury.gov/ticdata/Publish/mfh.txt

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

(in billions of dollars)

Country June 2015 May 2015

1. China 1271.2 1270.3
2. Japan 1197.1 1214.9
3. Carib Bkg 318.5 311.5
19. Russia 72.0 70.6

(that's called having a vested interest in OUR economic success)

And the upshot of that is:

http://www.marke****ch.com/story/us-...dist=countdown

The U.S. economy is “insulated” from overseas inflation and deflation
pressure from exchange rate movements owing to the fact that most of the
world’s trade is invoiced in dollars, according to new economic research
presented at the Federal Reserve’s summit in Jackson Hole.

This means that U.S. inflation is more insulated from exchange rate
shocks, while other countries are highly sensitive to it, Gopinath said.

http://money.usnews.com/money/busine...ican-consumers

Benefits from China. Capp says low prices are the greatest benefit
American consumers receive from China. "China produces products that
Americans consume at large quantities, at prices lower than Americans
would have to pay if the product was made elsewhere," he says. "Even
before the financial crash crippled the economy, American consumers'
cost of living was moderated by the lowering of retail prices of goods
produced in China."

Gong says there is a misconception that the money spent on these
products benefits China. Instead, the money goes to companies using
Chinese labor for production.

Take Apple, for instance. Many have criticized the company for
manufacturing its products in China. But only small portions of profits
go back to Chinese companies. "Apple and Apple employees are making the
big chunk of the money," Gong says. "The impact on China is pretty small."

Gong adds that China's growing middle class benefits the American
manufacturing sector, as well as American companies. He says China is
turning into a nation of consumers who have a strong appetite for
American-made products. "China has become a larger part of the export
market for the United States," Gong says. "As their [standard of living]
comes up, they are going to buy more products made in the United States,
as well as more iPads."


....now you know the REST of the story...