[Milsurplus] Blood n Guts

Thu Nov 14 08:35:22 EST 2013

That's all simply justification talk.  The real motive of CEOs is to improve 
financials, most especially successive quarterly results. That's their duty and 
why the BOD has installed them.  They play the tax breaks, labor markets, 
enterprise zone, labor and environmental regulation, bribes and any other option 
open to them to do that.  If they're effective they remain CEO and keep their 
oversized salary. If not they get replaced with someone who is.  There are some 
notable exceptions but most publicly traded major corporations operate this way.

Virgil, I had a foot in that world for a while, so if you want to continue this 
off-list we can chat.

Peter

On 11/14/2013 7:22 AM, Virgil Bierschwale wrote:
> It took me ten years to understand the big picture when it comes to
> offshoring.
>
> Basically in a nutshell, it is a game of musical countries.
>
> This school of thought creates a new middle class in other countries and
> destroys the middle class in existing countries.
> ---
> The U.S.-based CEO of one of the world's largest hedge funds told me that
> his firm's investment committee often discusses the question of who wins and
> who loses in today's economy. In a recent internal debate, he said, one of
> his senior colleagues had argued that the hollowing-out of the American
> middle class didn't really matter. "His point was that if the transformation
> of the world economy lifts four people in China and India out of poverty and
> into the middle class, and meanwhile means one American drops out of the
> middle class, that's not such a bad trade," the CEO recalled. - See more at:
> http://keepamericaatwork.com/second-great-depression-videos/#sthash.68p5rPka
> .dpuf
> ----
>
> Then, before the world can realize the effects of the new middle class, this
> school of thought destroys the new middle class and the game of musical
> countries continues.
>
> ---
> "We have been seeing wage inflation over the past several months,'' said
> Chris Ruffle, who helps manage $19 billion as China co-chairman of Martin
> Currie Ltd. Rising salaries may prompt businesses that operate plants in
> China to move to lower-cost countries such as Vietnam and Cambodia, Ruffle
> said - See more at:
> http://keepamericaatwork.com/second-great-depression-videos/#sthash.68p5rPka
> .dpuf
> ---
>
> The problem with both theories is they do not look out far enough into the
> future.
>
> If you will take the current figures for any country in our world and (a)
> destroy the middle class jobs in America and Europe, and (b) create a new
> middle class in the BRIC countries, and then repeat the process using every
> country in the world, you will find that the overall wages for the world
> dramatically drops each time the game is played.
>
> This is why the economy continues to grow worse no matter how much money is
> thrown at it.
>
> I wrote a article sometime back called "Fools Gold" where I attempt to
> explain this.
>
> http://keepamericaatwork.com/editorial/fools-gold-gold-tar-feathers/
>
> Basically we are doing this when we play the game of musical countries.
>
> ---
>
> Whether you agree with these two thoughts or not, I do want you to prove
> this wrong.
>
> We are throwing away $  50,000,000,000,000,000.00 (this is our bird in hand)
>
> We are chasing $     5,000,000,000,000,000.00 plus $
> 1,860,000,000,000,000.00
>
> This is $   6,860,000,000,000,000.00 (this is our bird in the bush)
>
> Where is the sense in that?
>
> Do you now understand why all of our governments the world over are saying
> that we are broke?
> - See more at:
> http://keepamericaatwork.com/editorial/fools-gold-gold-tar-feathers/#sthash.
> sRQi1AlC.dpuf
>
>
>
> -----Original Message-----
> From: milsurplus-bounces at mailman.qth.net
> [mailto:milsurplus-bounces at mailman.qth.net] On Behalf Of Sheldon Daitch
> Sent: Thursday, November 14, 2013 3:27 AM
> To: Francesco Ledda; nerd at verizon.net
> Cc: milsurplus at mailman.qth.net
> Subject: Re: [Milsurplus] Blood n Guts
>
> Problem is, Frank, many times there isn't an option to buy American.
>
> In one of the discussion groups, one of the off-topic drifts went to CFLs.
>
> I don't want to drift into the merits or demerits of CFLs, that isn't the
> point, but related, I had read an article about GE closing an incandescent
> lamp bulb manufacturing operation in, I believe, Winchester, VA.
>
> I recall that GE had given some thought to converting the plant to
> manufacturing CFLs, but GE conceded the US made CFLs would be somewhere
> 30-40% more expensive.  They decided they'd not even give it a shot, and
> therefore, there simply isn't the wallet option available on this product or
> for that matter many others.
>
> 73
> Sheldon
>
> -----Original Message-----
> From: milsurplus-bounces at mailman.qth.net
> [mailto:milsurplus-bounces at mailman.qth.net] On Behalf Of Francesco Ledda
>
>
> There are people that claim to be patriots, and then they buy Chinese crap
> at harbor freight! Personally, I don't get it. I buy American, even if it
> costs more! Go USA!!!!!!
>
> Frank
>
>
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