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Post by fredorbob on Mar 14, 2011 21:59:48 GMT -6
Japan is a "Democracy", China is an oligarchy.
China can continue to devalue their currency and keep their people poor, indefinitely. Japan cannot, because they are not an oligarchy.
Japan dumped and subsidized her exports for decades leading up till the 1980's, and continues to do so, now Japan has 200% debt to Gross Domestic Product.
This is why subsidizing exports is no substitute for Tariffs. I'm sure the founding fathers were smart enough to know this so they put Tariff in the Constitution as a Congressional power.
We used Tariffs to build America, and we didn't end up with massive debt, and neither did we devalue our currency to do so like China. This is why Free Trader Globalists and faceless puppeteers are rabidly opposed to Tariffs, they will do anything, say anything to oppose Tariffs, Tariffs are Kryptonite to these Faceless Globalists; they will kill to oppose Tariffs.
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Post by graybeard on Mar 14, 2011 22:58:56 GMT -6
I now see Japan as fascist. Why are their corporations so rich, while their govt is deeply in debt?
GB
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