Shopsmith Forums

dusty wrote:

Ed in Tampa wrote:In a perfect world everything would be built in the USA by USA companies. However for a whole lot of reasons that I won't go into that is not the case. If there is a choice that would be my first choice. My second choice is made in out of country by USA companies. That way profits spendable income is in the USA. The worst scenario in my opinion is made outside the USA by an outside USA company but sold in the USA.

Being made In The USA by a outside USA company sounds good but all profit, all R&D money, all spendable income goes out of the USA.

What Shopsmith is doing has been forced on it but is the next to the best scenario of what could happen and far from the worst situation.

You have no way of knowing this. A foreign based company could very easily pay US citizens wages and benefits, use US resources to complete R&D projects and reinvest all potential profits.

You are right but does anyone think this is happening? We are faced with the highest unemployment. Find a US steel mill. At one time Cleveland Ohio had Three Major Steel mills today they have none. Bethlehem Steel had 9 major plants that included shipyards and rail car plants, In Johnstown Pa they employed 50,000 workers alone. Today Bethlehem Steel does not exist. Cleveland Ohio was filled with auto manufacturing plants. Today I think they are all pretty much gone. When you go into Detroit all you see is empty car plants, empty stores and empty homes. More kids with educations are living with their parents than ever before.

Look at our sea coast and you will see some of the world's largest cargo container ships coming from China into our ports. They unload and leave empty except with our cash!
Look at the freighters they aren't carrying finished products out this country, they are carrying our natural resources back to foreign ports.

Are prices going down as they should in such an economic environment? No!
Is savings interest increasing as they should in such an environment? No!
Is interest that being charged on loans coming down as should be in such an environment? No
Who benefits? The unemployed? No! The middle class? No! The politicians? YES! Our economy is being propped up artificially by the politicians so they can build cash reserves to get them through the crash.

The wolf is upon us it is time we wake up and say enough! Either that or learn to speak Mandarin because they pretty much hold all of our $20 trillion debt. Buy more foreign goods it is good for our economy, does anyone seriously believe that? If so I got this bridge.....

I wish that you were not dead on correct.

These places that you have just mentioned would all be good places to stage a political debate or hold a town hall meeting or to give a political campaign speech. If that would happen, it would be real difficult for the politicians (all parties) to say that everything is good and getting better.

Ed in T,
Home and auto loans have been at an all time low for about a decade. You cant have high interest rates on savings and low lending loan rates, since they pay for the other.
Yo cant have everyone getting pay increases without increasing cost or lowering corporate profits and/or dividends to share holders.
It sounds like many here want their cake and eat it too.

ERLover wrote:Ed in T,
Home and auto loans have been at an all time low for about a decade. You cant have high interest rates on savings and low lending loan rates, since they pay for the other.
Yo cant have everyone getting pay increases without increasing cost or lowering corporate profits and/or dividends to share holders.
It sounds like many here want their cake and eat it too.

It sounds as though you are saying that the 50s, 60s and early 70s could not have happen.

Boy are we ever off topic. I'm sorry, Ed. The devil made me do it.

dusty wrote:

ERLover wrote:Ed in T,
Home and auto loans have been at an all time low for about a decade. You cant have high interest rates on savings and low lending loan rates, since they pay for the other.
Yo cant have everyone getting pay increases without increasing cost or lowering corporate profits and/or dividends to share holders.
It sounds like many here want their cake and eat it too.

It sounds as though you are saying that the 50s, 60s and early 70s could not have happen.

Boy are we ever off topic. I'm sorry, Ed. The devil made me do it.

Late 60-mid 70s 30 year mortgages where over 10%, savings was running about 6-7% depending on CD or not. Car loans were running about the same as mortgages.
Then we hit the hyper inflation from the later 70s- early 80s, with rates in the mid to high teens.

ERLover wrote:

dusty wrote:

ERLover wrote:Ed in T,
Home and auto loans have been at an all time low for about a decade. You cant have high interest rates on savings and low lending loan rates, since they pay for the other.
Yo cant have everyone getting pay increases without increasing cost or lowering corporate profits and/or dividends to share holders.
It sounds like many here want their cake and eat it too.

It sounds as though you are saying that the 50s, 60s and early 70s could not have happen.

Boy are we ever off topic. I'm sorry, Ed. The devil made me do it.

Late 60-mid 70s 30 year mortgages where over 10%, savings was running about 6-7% depending on CD or not. Car loans were running about the same as mortgages.
Then we hit the hyper inflation from the later 70s- early 80s, with rates in the mid to high teens.

Okay tell me one CEO that got multi million dollar bonuses for destroying the company back in the 70, 80.
Hey I am not against profit but we have CEO's and others making more money in a year than a normal human could spend in a life time. Something is wrong! Really wrong! And we simply refuse to see it. You talk about home interest on home loans being low okay. What about the biggest and most common loan people have credit interest. Those rates are soaring. Look at ATM fees and other bank fees all at previously unknown levels. And we all know banks are doing terrible that is why we gave them a bail out and they in turn build on every corner. The bail out money that was to help people killed in the housing market collapse was used instead to buy land and build more banks.
Again if you don't see what is going on I have this bridge .....

In the 70's, 80's, 90's the only people I knew that didn't have a job was those that didn't want to work. Today I'm constantly running into people without steady work. People that give 100 percent but can only find part time or seasonal work. That is not normal as prices keep going up and politicians can hold $40,000 a plate dinners and have the tickets sold out months in advance. Or give a speech to a select group of people and be paid nearly a Million dollars.
What possibly can a person say that is worth a million dollars to say it? Something is wrong!

I got this bridge.....

dusty wrote:I wish that you were not dead on correct.

These places that you have just mentioned would all be good places to stage a political debate or hold a town hall meeting or to give a political campaign speech. If that would happen, it would be real difficult for the politicians (all parties) to say that everything is good and getting better.

Dusty
I fear that would not work. People do not want to hear problems and possible solutions. They want to hear what they are going to get. What most haven't realized is our society is slowly being turned into a mass of leeches, living off the dole. Why you ask, think about it when the politicians get all they think they can get they will let the economy tank. Then to survive you will have to work for the man at his beck and call. Ever hear about the carpet baggers after the civil war. They had the money and the power and even though slavery was outlawed they had economic slaves.

I failed to make my point. We need for the politicians to see/hear the realities of life in those areas.

Then when we hear them declare that "we are all better off" we know they have their heads in the 'dark place'.

Ed in Tampa wrote: The wolf is upon us it is time we wake up and say enough! Either that or learn to speak Mandarin because they pretty much hold all of our $20 trillion debt. Buy more foreign goods it is good for our economy, does anyone seriously believe that? If so I got this bridge.....

Ed (and Dusty)this is from Wikipedia:

"On July 29, 2016, debt held by the public was $14 trillion or about 76% of the previous 12 months of GDP.[5][6][7][8] Intragovernmental holdings stood at $5.4 trillion, giving a combined total gross national debt of $19.4 trillion or about 106% of the previous 12 months of GDP.[7] $6.2 trillion or approximately 45% of the debt held by the public was owned by foreign investors, the largest of which were the China and Japan at about $1.25 trillion for China and $1.15 trillion for Japan as of May 2016.[9]"

Although this is about four years ago, I do believe that the Chinese have divested themselves of a portion of our debt so their holdings are somewhat less that stated here. This amount($1.25 trillion) is not even close to
"they (Chinese) pretty much hold all of our $20 trillion debt."

P.S. If the bridge price is reasonable, I may be interested if it is a toll bridge.

Dick

OKAY! I am out of here. This has gotten way more political than I believe it should and I have been a major contributor. I'll not comment on this subject again. I do, however, have one more thing to say.

No matter your political affiliation...whatever else you do...let your voice be heard. VOTE