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Author:	[General Discussion] Topic: Team USA uniforms made in China?? WHAT???
dillon24	RSI View Space \| Blog \| Friends \| Playbook \|
Captain Joined: Sep 2008 Posts: 8737 Location: Netherlands	#26 Posted: 7/12/2012 9:03:55 PM Someone is cashing in on this.. The olympic committee won't even comment on it.
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gfinger	RSI View Space \| Friends \| Playbook \|
Captain Joined: Jun 2003 Posts: 7125 Location: United States	#27 Posted: 7/13/2012 10:30:54 PM Dude you need to learn about U.S. importing. First off the U.S. can afford high trade deficits with countries like China because China and other countries from which we buy consumer goods turn around and invest roughly $500 billion a year of their capital in the U.S. economy. Economic theory alone tells us that if we ever reach the point where it becomes a problem, there is an automatic adjustment mechanism, which is that the dollar will fall in value. When the dollar falls, then that makes U.S. exports cheaper on the international market in terms of foreign currencies and it makes imports more expensive in terms of dollars. Pretty simple.
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mattbrot	View Space \| Friends \| Playbook \|
Veteran Joined: Jan 2005 Posts: 4706 Location: United States	#28 Posted: 7/13/2012 10:41:42 PM QUOTE Originally Posted by jmilrod: 100% of Bourbon is made in Kentucky suck on that China winning
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mattbrot	View Space \| Friends \| Playbook \|
Veteran Joined: Jan 2005 Posts: 4706 Location: United States	#29 Posted: 7/13/2012 10:47:05 PM you can say the same thing about companies farming their work out to foreign countries for cheap labor all in effort to save some $.
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skoda	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetJamaica.com \|
Rookie Joined: Sep 2006 Posts: 589 Location: United States	#30 Posted: 7/13/2012 10:49:11 PM America has changed.I doubt anyone would do this type work anymore.! BTW look at the label on the clothe you are wearing now?? My labels read......... My pants Made in Lesotho? Underwear Made in Vietnam T-shirt Made in India Sneakers Made in China
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mattbrot	View Space \| Friends \| Playbook \|
Veteran Joined: Jan 2005 Posts: 4706 Location: United States	#31 Posted: 7/13/2012 10:51:58 PM QUOTE Originally Posted by skoda: America has changed.I doubt anyone would do this type work anymore.! BTW look at the label on the clothe you are wearing now?? My labels read......... My pants Made in Lesotho? Underwear Made in Vietnam T-shirt Made in India Sneakers Made in China everything that my family owns was made in Scranton, PA.
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kickinA	RSI View Space \| Friends \| Playbook \|
All-Star Joined: Oct 2004 Posts: 13462 Location: California	#32 Posted: 7/13/2012 10:52:03 PM gfinger, When is this "automatic adjustment mechanism" suppose to kick in as the dollar continues to plummet? (It's even lower than the AUD) Sending Hillary and Tim Geithner over to China seems to produce very little result. Also what's the point of having a weak dollar policy when very little carries the "Made the USA" label anymore? Not a money guy, but curious to want to know. Thanks.
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skoda	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetJamaica.com \|
Rookie Joined: Sep 2006 Posts: 589 Location: United States	#33 Posted: 7/13/2012 11:02:40 PM Mattbrot...... I hear the pay is good in that city......
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mattbrot	View Space \| Friends \| Playbook \|
Veteran Joined: Jan 2005 Posts: 4706 Location: United States	#34 Posted: 7/13/2012 11:04:19 PM QUOTE Originally Posted by skoda: Mattbrot...... I hear the pay is good in that city...... no doubt
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