patrick.net

smaulgld says

Strategist says

smaulgld says

Are you saying that the US sanctions will harm Russia and slow their growth and demand for oil and people in the US are driving less that gas prices will drop?

Those sanctions will slow future oil production in Russia.

Right, so there will be less supply, how does that as CaptainShuddup assets, make oil cheaper?

Future restrictions on production could have an impact on future price if the situation is not corrected. The captain is referring to our increased production more then making up for it. That's what I think he is saying.

The impact of sanctions on Russia? Minimal. On the US? Also Minimal.

The more expensive oil is, the more profitable Russian fields become (mostly somewhat sour crude)

thunderlips11 says

The impact of sanctions on Russia? Minimal. On the US? Also Minimal.

I think the impact and the point in my post is a movement away from the dollar as a result of US actions would cause price inflation in the US as imports to the US would rise.

smaulgld says

thunderlips11 says

The impact of sanctions on Russia? Minimal. On the US? Also Minimal.

I think the impact and the point in my post is a movement away from the dollar as a result of US actions would cause price inflation in the US as imports to the US would rise.

If anything, it's a movement towards the dollar. The dollar tends to benefit during times of international crisis.

Strategist says

If anything, it's a movement towards the dollar. The dollar tends to benefit during times of international crisis.

Not if the crisis is about moving away from the dollar!

smaulgld says

I think the impact and the point in my post is a movement away from the dollar as a result of US actions would cause price inflation in the US as imports to the US would rise.

The good news on that front is a cheap dollar makes American industry more competitive.

Both the US/UK decided to keep their currencies strong. The payoff is now we are utterly dependent on the Financial Industry and Overseas Production for the Economy.

thunderlips11 says

The good news on that front is a cheap dollar makes American industry more competitive.

If we still had industry! :-(

thunderlips11 says

The payoff is now we are utterly dependent on the Financial Industry and Overseas Production for the Economy.

That is the problem. And a cheaper dollar will make imports from overseas production more expensive

smaulgld says

If we still had industry! :-(

Once again it is not as bad as you think.

smaulgld says

thunderlips11 says

The good news on that front is a cheap dollar makes American industry more competitive.

If we still had industry! :-(

We have General Motors. Aren't you proud?

Strategist says

General Motors

Once again GM is the west's version of the Travant, both a product of big centralized government.

I was under the impression that Russia imports some Oil.

I'm thinking of Chicken legs, at least KFC should get cheaper.

indigenous says

Strategist says

General Motors

Once again GM is the west's version of the Travant, both a product of big centralized government.

yup - the infamous Trabant. There was an 8 year wait or something to get a brand new piece of junk produced by an East German communist government, while West Germany had state of the art Porches, BMW's, Mercedes and Audi's that you could just walk in and walk out with.
What surprises me is we still have communists who think it's the greatest thing since sliced bread.

CaptainShuddup says

I was under the impression that Russia imports some Oil.

I'm thinking of Chicken legs, at least KFC should get cheaper.

The Russians don't make much of anything. They are dependent on natural resources and vodka. I don't see anything that is made in Russia for sale.

indigenous says

smaulgld says

If we still had industry! :-(

Once again it is not as bad as you think.

Sure it is. There are very few items you can buy today made in America
In some cases few or none made in America
Refrigerators
Washing machines
Lawn mowers
Air conditioners
Toasters
Wide screen TVs
Computers
Phones
Game consoles
Children's toys
Shoes
Clothing
Furniture
Radios
DVD players
Light bulbs
Mises.org books are even printed in China

smaulgld says

Sure it is.

Items that you can buy in America

Airplanes
Tractors
Hydraulics
Turbines
Semiconductors
Automobiles
Trucks
Trains
Cnc equipment
Chemicals
Coatings
Satellites
Drones
Manufacturing equipment
Aerospace components
Entertainment technology
Movies
Oil Drilling equipment
Oil refining equipment
Gas refining equipment
Wood processing equipment
Logging equipment
Teleprompters
TSA scanners
Guns
Ammunition
Rockets
Fishing equipment
Farming equipment
Biological products that produce more food per acre
Politicians
That is all I can think off of the top of my head

Oh and

Alcohol
Vodka
Beer
Whiskey
Wine (some of the best in the world)
Tequila
Rum
Mining equipment
Coal powered energy plants
Nuclear powered energy plants
Submarines
Telescopes
Healthcare equipment
MRI equipment
Xray equipment
Sonic based equipment
Lasers
Products to build buildings
Plywood
Particleboard
Lumber
Ikea furniture
Toyota automobiles
Gyros (not the food)

The base of manufacturing in the us has declined steadily over the past thirty years. The list gets smaller each year of things still made in the US

Strategist says

CaptainShuddup says

I was under the impression that Russia imports some Oil.

I'm thinking of Chicken legs, at least KFC should get cheaper.

The Russians don't make much of anything. They are dependent on natural resources and vodka. I don't see anything that is made in Russia for sale.

The issue about making things is not the point with Russia- it's a point when comparing the US and China

The Russian threat is not its manufacturing capability but it's behavior as a dollar user. Russia conducts international commerce- it sells it's oil and gas and imports stuff from other countries
To do so it uses dollars, but that is changing.
The less Russia uses dollars and convinces others not to use dollars, the demand for the dollar drops making US imports more expensive

Most of ikea furniture is made in Sweden
22% of it is made in China http://m.ikea.com/ms/en_JP/customer_service/faq/help/about_store/about_stores.html

smaulgld says

The base of manufacturing in the us has declined steadily over the past thirty years. The list gets smaller each year of things still made in the US

Not the point, Capital Goods for the most part are not a part of that list.

smaulgld says

Most of ikea furniture is made in Sweden

22% of it is made in China

So what

indigenous says

smaulgld says

Most of ikea furniture is made in Sweden

22% of it is made in China

So what

Because the subject was manufactured in America. Ikea furniture is not manufactured in America. Most of the things on your list are assembled in America out of parts made in other countries or not manufactured in America at all. Assembling foreign made parts locally for tax reasons is a far cry from manufacturing the entire product end to end. Food and wine is produced, not manufactured.

Because of the sanctions, instead of caviar, they are going to be shipping us slimey, cum covered fish eggs.

Wait, caviar IS slimey, cum covered fish eggs.

bob2356 says

Most of the things on your list are assembled in America out of parts made in other countries or not manufactured in America at all.

Prove it otherwise it is conjecture

indigenous says

Prove it otherwise it is conjecture

http://www.american.edu/kogod/autoindex/2014.cfm

Here's autos. Ford F100 and a lot of chevy is almost all US, but then it drops pretty fast into less and less US content. Other industries are similar. The new dreamliner is mostly contracted for foreign suppliers. Japan alone makes 35% of the aircraft with other big suppliers in Italy, France, Sweden, Korea, India, Uk.

I'm sure you can and will find an industry here and there that does mostly domestic and shout to the heavens. But most bigger corporations are sourcing around the globe.

Everything that disagrees with your preconceptions is conjecture to you, no matter what the source.

In another thread I linked to the pct of manufacturing as a part of GDP that showed the US at around 10 pct and china at 30 pct.
in nominal dollars china out manufactures the US by a wide margin.
It's a fact that many US factories have closed and China has built many factories to offset the production in the US.
To argue that the US is still the manufacturing giant it once was is to deny reality

bob2356 says

indigenous says

Prove it otherwise it is conjecture

http://www.american.edu/kogod/autoindex/2014.cfm

Here's autos. Ford F100 and a lot of chevy is almost all US, but then it drops pretty fast into less and less US content. Other industries are similar. The new dreamliner is mostly contracted for foreign suppliers. Japan alone makes 35% of the aircraft with other big suppliers in Italy, France, Sweden, Korea, India, Uk.

I'm sure you can and will find an industry here and there that does mostly domestic and shout to the heavens. But most bigger corporations are sourcing around the globe.

Everything that disagrees with your preconceptions is conjecture to you, no matter what the source.

Indigenous, go back to my original list and explain how those goods are manufactured in the US, or repeat your claim that they are just "trinkets"

In 2007 it was nearly impossible not to buy Chinese goods
http://www.reuters.com/article/2007/06/28/us-books-madeinchina-idUSN2425061320070628

In 1977 it was nearly impossible to buy any Chinese goods in the US
To deny that the US hasn't lost massive amounts of manufacturing capacity is incomprehensible

Cosmetics? maybelline Made in a China http://www.lipglosseater.com/2013/08/product-review-maybelline-rocket-volum.html

Telescopes? The largest telescope company in the world Meade Instruments makes its product in China and they just completed a merger of another company that does the same
http://www.answers.com/topic/meade-instruments-corp
http://astronomy.com/news/2013/10/meade-instruments-corp-completes-merger-agreement-with-affiliates-of-ningbo-sunny-electronic-co-ltd

I left bicycles off my original list
The US manufactured a paltry 56,000 bicycles last year
http://www.cnbc.com/id/101872398

smaulgld says

Then go back to my original list and explain how those goods are manufactured in the US, or repeat your claim that they are just "trinkets"

Not my post that said they were trinkets.

Telepromoters? Biggest sellers -Made in China or Assembled in the US with foreign parts

Telemax made in China http://m.imgur.com/CyPXhQX
Listec - Assembled in the US with foreign parts
http://www.steadicam.com/userimages2/Listec/Listec_PW-10DV_SS.pdf

bob2356 says

smaulgld says

Then go back to my original list and explain how those goods are manufactured in the US, or repeat your claim that they are just "trinkets"

Not my post that said they were trinkets.

Not yours- on another thread indisneous argued that the us was the largest manufacturer in the world BY FAR!

Tractors?
The largest US Tractor Company is John Deere
Made In China
http://www.made-in-china.com/products-search/hot-china-products/Tractor_John_Deere.html
And India

http://www.deere.com/wps/dcom/en_INT/our_company/news_and_media/press_releases/2011/jan/2011jan_india.page

Semi conductors and oil well drilling equipment ? The largest us companies make some of their products in the us but also have plants all over the world

Putin Says- Sell Energy in Rubles
http://uk.reuters.com/article/2014/08/14/ukraine-crisis-putin-dollar-idUKL6N0QK3BP20140814

Ecuador we don't need permission to trade with Russia
http://rt.com/business/179972-ecuador-russia-agriculture-ban/

What happens if we ever get into a row with China?

Won't happen of course, Walmart and US Retailers and Manufacturers would never allow a war.

As for Ecuador, I don't know much but I do know that Brazilian Chicken Pluckers jetted straight to Moscow to sign a deal. I do know that Brazil and Argentina combined produce as much cattle as the US and more than the EU.