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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.33

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Nov 18 4:00 PM EST

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James Seagrove

To: dvdw© who wrote (128896)	1/23/2017 7:11:49 PM
From: Maurice Winn	2 Recommendations of 217860

It's all very amusing. << What do you think about Foxcon making a 7 billion investment in USA? Also Alibaba promise of a million jobs? (bezoz vas MA…..odds on favorite?) >> It was great that capital and technology flowed to Made in China, with a billion people being lifted from the hutongs and Mao's maelstrom. I was pushing for that 30 years ago when I was a BP Oil International employee. We were paying Deutsche BP R&D a fortune and the R&D at Sunbury [near London] was not much cheaper. I wanted to hire a swarm of really cheap super high IQ women in China to save us a fortune while giving them something better to do than planting rice by hand. They could be hired from age 12 and put into a BP school. Qualcomm now does have R&D people in China. Globalisation is great. Unfortunately, China, Korea, EU and the FTC in USA are robbing Qualcomm. It's really annoying. Qualcomm provided the technology that has enabled $trillions in value to be created - but we receive a pittance for the effort while Apple and Google are not far from $1 trillion in market capitalisation and swarms of others make $trillions. Foxconn makes big heaps from Qualcomm tech via Apple, and others. Now they'll go into electric autonomous Uber cars Made in USA. The Made in China success was so huge that Americans enjoyed a vast supply of cheap goods, but Americans lost a lot of jobs due to the global competition for employment. That was okay as cheap stuff is so attractive. I don't want to pay a lazy slob $100,000 a year when I can pay a nice Made in China very clever lady $5,000 a year to do a much better job. But now, the price of Made in China is rising and too many people have lost jobs in the USA so they are becoming politically problematic. So now Americans are the cheap workers and they'll end up working for people in China with China sending capital to USA in the reverse of the last 30 years. China is colonizing USA!! At some stage that will become politically problematic. Many people get whiny when they realize they are working for foreigners. I never minded it - the money was good, the jobs interesting. Arabs should be glad to have Israel there - good money and jobs and services all on the doorstep, but instead they get all whiny and want to go back to scimitars against each other and harvesting dates. Mqurice

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