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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (99178)	3/15/2013 11:52:12 PM
From: elmatador	Read Replies (1) \| Respond to of 220053

The Chinese pressed the whole world average salaries down since they work for less money to produce what a westerner buys. Anyone who wants to sell a product in the world market, need to compete with the Chinese. One way to do that is to cheapen your currency. Thus the cartel of currency lost leverage. The effect on the man in the street: The German apprentice who got a nice salary in the past working in the factories, no longer has an advantage as German enterprises shipped their factories to China. Thus for a factory to be constructed in Germany the salaries of the Germans must go down or the Euro devalued. Else the only factories in Germany are for things the Chinese cannot make in China or technology that Germans do not want to make accessible for the Chinese. On top of that, manufacturing renaissance has a limit. You construct your factory where the consumers are. You cannot produce at home and shipped your goods to the country that consumes them. The mass of the consumers are in the merging markets thus factories are being constructed there.