Creditor Nations Asked To Save Reckless Debtor Nations

As the above graph shows, the US is slowly sinking into lower and lower status and China is moving much more rapidly upwards.  True, China has had a rash of train and subway accidents lately.  This is the side effect of an immense expansion in transportation systems.  The US simply is letting these systems rot away, almost all of which is old and slow and in desperate need of replacement.  China’s fast trains crash.  The US trains crawl along at substandard speeds so crashes don’t do much, mostly, the trains simply don’t run on time…ever!  This is true in banking and industry: China is growing, the US is rotting away.  The only fast moving thing here is the stock and commodity trading speeds which are at light speed and which crash all the time!

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We are in the middle of a historic economic train wreck brought on specifically and particularly by the rich and powerful who foisted on us 35 years of tax cuts, free trade agreements, the floating fiat currency system and ZIRP lending to the richest, biggest banks.  All of this was capitalized not by industry nor labor but by creating the Derivatives Beast which pretends to cover all losses but whenever losses do happen, dumps it all into the lap of the various governments hosting these bankers and they, in turn, dump the mess on top of the populace at large.

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The Chinese only recently got a small voice in the IMF.  The IMF relies nearly entirely on the Federal Reserve to bankroll loans to second and third world nations who get in trouble when international speculators short their bonds and crash their housing and stock markets.  To fix these messes, the IMF always imposes severe reductions in social services and eats up the savings of the middle classes.  Today, the IMF dropped a bombshell: Age of America nears end – Brett Arends’ ROI – MarketWatch

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In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, real-terms picture of the economies using “purchasing power parities.” That compares what people earn and spend in real terms in their domestic economies..

Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.

.Just 10 years ago, the U.S. economy was three times the size of China’s.

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Power is not absolute.  It is relative.  When the Soviet Union collapsed, a very great shift in power occurred.  Alliances that depended on Soviet support, collapsed.  The US was triumphant and crazy professors here said many stupid things including, that ‘history’ ended.  This is plain silly.  History never ends.  The goddess of History never sleeps.  She writes in ink made from blood and she entertains herself anticipating obvious things coming in the future.  Seeing into the future isn’t all that hard!

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When the Soviets fell, I knew that China would rise because of American hubris: the US leaders and wealthy elites lusted for the Chinese labor market.  This labor was highly motivated to work, the Chinese lower classes are renown for work ethic for centuries and centuries!  The masses were also trained in communist schools that rewarded hard work and intelligence and the top students moved into the top ranks of the government once the crazy Madame Mao was arrested.

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Capitalists in the West wanted to exploit this labor which was controlled by smart communists.  So the communists, WHO PLOTTED TO DO THIS WHEN MADAME MAO WAS IN POWER…against her wishes, by the way…they knew this would happen (thanks to knowing certain people such as myself) that the capitalists wanted to exploit Chinese workers and the plan was very simple and yet, deadly: China would lure in all the factories from Europe, the US and Japan and then pretend to be servants and toil briefly…yes, BRIEFLY…for the foreign devils.

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Then, one fine day, bit by bit, they would take over these same factories. They would hijack the technology, they would learn the systems themselves, they would build the infrastructure and the systems and then…boot out everyone and take total control.  This is the key part of the 50 Year Plan I keep babbling about.  They cooked this up over 35 years ago and it is shockingly running well ahead of schedule.

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Some of the more deluded capitalists in the West who think they are smart (they are incredibly stupid!) think they can close factories in China and move elsewhere.  This is due to contempt for the Chinese people, imagining they are weak willed and easily fooled.  No, I hate to say this, but the Chinese are very smart!  They know all about moving the factories.  I even warned capitalists, back in late 1989, that once a factory moves in, IF IT IS ONE THE CHINESE WANT, it stays.  End of story.

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The Chinese let in factories they didn’t want but that was to build their own capital base.  Now, they have the world’s biggest and strongest capital base, bar none.  And now they are being very picky, what factories they want.  They definitely want solar panel factories, for example.  They made this clear to my dad when he was still Jimmy Carter’s alternative energy chief.  They also want auto, train, plane and ship building systems.  We threw virtually all of this away!  Talk about insane.

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The Chinese and I even discussed why these industries were so important and why protecting the workers in these industries is of paramount importance.  The Chinese learned, back in the 1980’s, the US let its domestic shipping industry die.  Nearly all our imports are brought here or our exports moved out, entirely on foreign ships!  They all have offices here but the capital profits flow overseas!  We, the biggest ship builders on earth, build no ships at all except an occasional military boat which costs us a fortune.

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We do build lots and lots of assassin drones.  All of which destroy our power. That is, we fight a coward’s war with peasants all over the place and they reward us with hatred and contempt.  We get weaker and weaker this way.  Who admires a total coward?  Our fear is naked.  Far from showing the world, we are mighty, we are showing the world that we are bullies, scared of being hurt.  Everyone knows this but ourselves.  We still preen ourselves as ‘home of the brave’ when we are ‘home of the coward.’

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Isn’t this editorial funny as hell:  Pesek: China as J.P. Morgan Might Have to Save World – Bloomberg

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Asia, flush with trillions of dollars of cash, is being cast as the potential savior of global capitalism. Being thrust into the role of a modern-day J.P. Morgan, the New York financier who restored order amid the Panic of 1907, is what Asia gets for saving so obsessively for a rainy day. Little did the region know that the storm its currency reserves would be called upon to address would be on another continent…The BRIC nations — Brazil, Russia, India and China — have $4.3 trillion of reserves, and Europe, a major trade partner, needs money.

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As Europe crashes, China and Asia may be called upon to back a rescue in the manner of Morgan a century ago. Of course, it’s not nearly as simple as that. Nor is it in the best interests of the global financial system in the long run. There’s something obscene about poor and thrifty countries bailing out richer, profligate ones. And that’s something we can all agree on.

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Asia isn’t saving anyone.  Japan is flat on its back and maybe even in terminal decline.  China is the only savior.  J.P. Morgan didn’t save America at any time.  He raped America.  No, he and his buddies ceased fighting each other long enough to conspire together to create the Federal Reserve and then keep it in their own hands and in the hands of foreign bankers such as the Rothschilds.  If we expect China to save anyone, first, these people have to hand over to China tremendous banking powers!

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China will happily bail out people but only if they first swear fealty to China!  How simple is this?  What the West wants is to be bailed out and then turn on China and attack.  The West wants to exploit China, not cooperate with China.  Either they hand over much of the UN power, the IMF and banking regulation to China or they all go and die.  China may suffer a tad if this happens but guess what?

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We, and Europe, will be DESTROYED.  The infants in our media and universities who mock the Chinese creditors and claim, we own them, not the reverse, will be in for a huge shock when China exercises its economic powers and say, unleashes all its savings on the world in a sudden tsunami of paper  money.  If we print more money to deal with this, it only makes the dollar die faster.  And will China move its factories here if that happens?

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Absolutely! That is, the high pollution factories!  Then, the tables will be turned and you can bet, we will be allowed no military power except mercenaries who will keep our peasants under control.  Thus ends the US empire in disgrace.  Just remember: Bush Sr. became the ambassador to China when Nixon opened it up, the Bush clan made lots of business deals with the Chinese since 1984 and Bush Sr., when Tiananmen Square happened, Bush Sr. had a secret deal with the Chinese to deport any Chinese students who protested in America.  I forced him to back down (with considerable help from Ted Turner, CNN and Senator D’Amato and Senator Moynihan) to protect the students and not deport them.

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Bush Sr. wanted to deport them because he had many business interests with the Chinese communist leaders. I went to Congress and demanded an investigation.  Nothing happened.  Nor did Congress investigate the bin Laden/Bush clan relations, either, BEFORE 2000.  I asked, people hemmed and hawed and nothing happened.  Nothing still happens.

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Ah, well, happy Chinese billionaires go about making deals, some smart, some ridiculous:  Chinese Billionaire Huang Plans Nordic Expansion After Iceland Development is one example.  No one in the West like Iceland anymore so the people there are seeking deals with whoever they can find.

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While Europe looks longingly to China for capital, the other top sovereign wealth nation was furious with efforts to loot the people so Germany slams ‘stupid’ US plans to boost EU rescue fund – Telegraph

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German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.

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“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.

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Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.

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Tremendous pressure was applied and now there are Sighs of relief as German parliament passes euro bailout.  I once lived in Germany and knew quite a few German industrialists (thanks to my dad’s ONI operations during WWII) and know how paranoid they are of losing control of money.  I bet in Germany, there is intense fury today but who cares?  Everyone expects them to bail out the wastrels.

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So,  Wary of open questions, Bundestag mulls augmenting euro rescue fund | Germany | Deutsche Welle

Germany has been asked to increase its input to 211 billion euros from 123 billion ($283 billion from $165 billion), making it responsible for just under half of the entire package…”How credible are the rules of this new stability and growth package,” Weidmann asked with a rhetorical undertone, “if we establish a system that allows offenders who fail to meet guidelines on multiple occasions to await rescue packages?”

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The habit of going bankrupt is dangerous.  Spain started doing this in the 17th century and did it over and over and over again until this very day.  They really don’t worry about doing this.  Spain now has a 50% unemployment rate for young people, worse than the US 22%+ rate for our own youth, here.  Ignoring reality is a specialty of ‘grasshopper’ nations.  The ‘ant’ nations that take a grim view of life are the ones who save and scrimp and work hard.

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The grasshopper nations go bankrupt over and over again.  The noxious cultural tendency to let things go bankrupt runs high in South America due to being the same culture as Spain.  All of the ‘sunny climate’ places trend towards going bankrupt.  This is due, quite literally, to having little to no winters.  The US was originally a nation that abhorred bankruptcy but tolerated it more than England that put bankrupts in prison.

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But now, we are getting used to the idea, being a bankrupt is totally smart.  The day this noxious culture takes over, we are doomed.  Big time.  We can’t be a world banking power and be a bunch of bankrupts with no capital base!  It is impossible.

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The grim Germans are now going into Greece to supervise the cuts there:  Greece Awaits Troika Return Amid Protests, New Austerity – WSJ.com

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Early Thursday, scores of protesters occupied Greece’s finance ministry in an effort to block the inspectors from entering the building, while Greece’s cabinet was due to discuss cuts in civil service wages, among other things, to narrow the budget gap…the government has announced a series of new austerity measures that include public sector layoffs, new taxes on low income earners, and further cuts in pensions. And earlier this week, parliament approved an unpopular new property tax designed to cover a EUR2 billion revenue shortfall this year in a closely-watched vote that was seen as a test of the government’s narrow parliamentary majority.

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The rich flee while the poor pay more.  Typical.  And this is why no country should trust rich people.  I believe people still think the Japanese rich are good guys who treasure the Japanese peasants toiling for them.  NOPE.  This is a fantasy.  Rich Japanese should not receive tax breaks despite signs of fleeing overseas – The Mainichi Daily News

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A growing number of Japanese people are reportedly moving to Singapore where income and corporate tax rates are far lower than their home country…Corporate tax rates and the maximum rate for income taxes in Singapore and Hong Kong are less than half those in Japan, and these two territories levy no inheritance tax. In terms of tax rates, Japan cannot compete with them.

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The friend warns that Japan will hollow out unless it substantially cuts taxes even though such a measure could stir criticism that Japan gives favorable treatment to businesses and wealthy people.

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The story in Japan is stupid: ‘Don’t tax the rich!  They will run off to Chinese colonies!’  Ahem!  When the rich are already doing this, it is time to seize their wealth, not sit idly by and let them exit.  They have been moving production out of Japan for a long, long time.  They know the demographics: fewer and fewer workers and fewer and poorer customers.  So, they dump their culture, their ties, their long history and run off to be atomized individuals living the high life but no longer ‘Japanese’.  Meanwhile, their home base becomes a crypt.

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The care taken on behalf of EU and US investors to protect them from losses are irritating a lot of people:  IMF lax on Europe? Past rescue efforts elsewhere hit private investors harder – The Washington Post

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Asian officials, who say they wonder whether Europe’s heavy representation on the IMF board and among top management has allowed the developed world to escape the tough medicine forced on developing countries. IMF Managing Director Christine Lagarde is the former finance minister of France, whose banks are among the largest holders of risky bonds issued by the Greek government.

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This is the way China will kick down the EU door and take over.  They can’t do this game of ‘one rule for me, harsh rules for you’ game forever.  The other day, the BBC interviewed a ‘trader’ who told the truth.  People didn’t believe this story and tracked him down and I did, too.  And lo and behold, he is similar to me.  He tells the truth:  BBC financial expert Alessio Rastani: ‘I’m an attention seeker not a trader’ – Telegraph   Here is his blog:  Leading Strategies For Trading | Leadingtrader.com

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I have a confession to make. I go to bed every night and I pray for another recession. In fact, if indeed we are heading for another global recession, which I believe we are, then I have been dreaming of this moment for 3 years!

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Why? Because I am a “bad guy”, right?

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One reason that a recession or depression is appealing to stock market or forex traders is that a recession creates the “perfect” market conditions to make money. These are conditions which most traders like me crave for.

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Allow me to explain.

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A recession occurs during an unstable economic climate. When markets become unstable, whether it is bad news or uncertainty, they create volatility. A volatile market often creates trending markets.
To put it quite simply, a trending market is when that market moves in a particular direction deliberately. A lot of the times, markets are just range-bound or oscillating sideways. While you can still make money in those kind of markets, for a “trend” trader that kind of choppiness can cause limitless damage to their trading accounts.

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In the words of W.D. Gann: “The big money is made in the big trends.” A good trader will identify the early parts of that trend and ride it through until the trend comes to an end.

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Movement up or down still brings profits so long as the people playing the game have inside power or information!  They control events via their control of central banks, governments and businesses.  This is the ruling elites at work.  They don’t mind depressions, they are rich!  They should fear depressions since these breed revolutions and attempts at looting.  Thus, the rich of Japan are jumping ship in fear of paying for things for once.

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The politicians are owned by businesses in Japan:  Scores of ex-bureaucrats landed cushy jobs at TEPCO, linked to lax nuclear safety rules – The Mainichi Daily News.  In the US, they become lobbyists when they ‘retire’.  They get filthy rich this way, ask Bill Clinton or Blair of England.  And business lobbies for goodies from the government:  A $64 million runway for no one in Alaska? – This Just In – CNN.com Blogs

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By next winter Akutan is scheduled to have a 4,500-foot-long runway, built at a cost of $64 million ($59 million in federal and $5 million state funds), the Dispatch reports…Akutan has a year-round population of 100, but that spikes to about 1,000 in the summer when Trident Seafoods processing plant, the largest seafood processing plant in North America, is in operation, the Dispatch reports. Trident is contributing $1 million to the project, the Dispatch says.

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Alaska is typical: wants to parade about as if it is an honest state that believes in going it alone yet, like Texas, eats Federal mince pie and tons of it.  While the train from NYC to DC rides like some third world wreck, money is lavished on this transportation deal for Alaskan part-time workers toiling for a huge corporation.  This is why we are going bankrupt.  This, and our wars.

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20 Comments

Filed under .money matters, Free Trade, nature

20 responses to “Creditor Nations Asked To Save Reckless Debtor Nations

  1. DeVaul

    So, the Chinese government deliberately exploited their own peasants as part of the 50 year plan, forcing them to become migrant workers in textile and stuffed animal factories as part of a long-term goal of acquiring high tech industries. Great.

    I just watched a documentary on Chinese migrant workers made by a Chinese student, but funded by the Ford Foundation. It was depressing as hell, as I watched a farming family disentegrate right before my eyes.

    Only two things mattered to the parents: making money and studying hard (so you can make more money). The children wanted their parents to love them and care for them at home on the farm, but they were abandoned for 13 years and left with grandparents. They had no interest in “making money”, since they clearly understood that it meant “having no family”.

    Chinese cultural taboos and traditions often made the situation worse, or better, depending on the circumstances. It was beyond sad. In the end, the daughter left to work in a big-city bar somewhere and probably became a prostitute, like many farm girls did 120 years ago here in America. The young boy, who was supposed to be third in his class and not fifth, was told that he would someday buy all of them a big house to live in. His response was silence. He had already said he did not want to work too hard, which his mother tried to chastise him for, but he denied saying it to end the converstation. The daughter was beaten by the father for saying a “bad” word and hitting him back in self-defence on the first day they had finally reached home for New Years after a week on the train.

    The family was dead. The parents could not see or accept that their children were angry for being abandoned in exchange for a little more money than they previously had. The parents rationalized their decision on the grounds that they did not want their children to be “peasants” like them. I could see from the children’s comments when alone that they preferred working in the fields if it meant having a loving family and not being alone or at school (a cage) all the time.

    The Chinese student who did the documentary was accused of causing China to lose face by some students who came to see him speak. His response was that they must face the real problems in their society and not hide behind the excuse of “saving face”, which I thought was right even though he took a lot of heat for making this movie.

    Another Great Leap Forward! I notice that each ” great leap forward” under capitalism results in the complete destruction of culture, family, and the atomization of individuals wherever it rears its ugly head.

  2. adamm

    Ford foundation you say, must be an honest report then! ahahahaahah. Just like all US based institutions… and foundations etc. hahahaha

  3. 90404

    DeVaul…………….communists always weaken the family and try to get individuals to worship the state………..
    I understand there are 100 million working ‘tramps’..traveling thru china
    the poor….day workers going place to place
    and yes I have heard young folks study 10- 20 hurs a day for a year..college entry exams

  4. 90404

    The Chinese student who did the documentary was accused of causing China to lose face by some students who came to see him speak. His response was that they must face the real problems in their society and not hide behind the excuse of “saving face”,

    Ah, you dont know the chinese mind and HONOR,,,[saving face]

  5. w3g

    Wait till those babies actually start working on the farm for real, day in and day out, for years and years with no end. Then they will understand what their parents wanted to do.

  6. @Devaul. I watched the documentary on the Chinese family the other night. I couldn’t go to sleep until I saw the end of the segment. All I can say is … thank God I live in America.

    The only other thing I can say about China is … God help us all when they finally get so pissed off that they march. That day is as inevitable as the sun rising in the East.

  7. emsnews

    The contradictions abound in this world. There is a huge group of people who never ‘go to work’ but sit around at home with the family, doing ‘family things’ all day long, they don’t migrate, looking for work, we call these people ‘welfare families’ and this lifestyle leads to very serious family destruction!

    It utterly and completely annihilates the family as a functional operation! How strange is this? Very strange. You see, the family that struggles, strives and demands work ends up stronger, much much stronger than the family that lazes about.

    The ant families are strong, the grasshopper families are weak.

    The oddest thing of all is, very rich families are as atomized and destructive as welfare families. The life of ease and leisure of a spoiled brat rich kid is very similar to the self-involved, pointless lives of the very poor.

    The foundation for strong families mainly lies in the hands of the ‘middle class’ where morals, the need for hard work, the desire to learn is the strongest and as Chinese families become more middle class, these traits grow stronger, not weaker, at least, so far.

    In Japan, it is dying because the middle class has been under a 20 year assault from the very rich and is poorer, weaker and filled with despair as jobs vanish and guess what? This is happening here, too.

    Middle class kids see no point in hard work when work is denied to them. They descend into the pointless atomized existence of the poor.

  8. What does “atomized” mean?

  9. CK

    An atomizer breaks up fluids into a fine mist of individual droplets. ( Think the perfume spritzer that those noxious young ladies squirt at every shopper every christmas
    To be atomized is to be broken up into small, fine bits and pieces.

  10. CK

    @ Chris:
    Now I see the context of your above question:
    I am not sure how EMS uses the word. Having been poor for a while, I can guarantee that it is not exactly a pointless existence; the point being to become non-poor as quickly and painlessly as possible. It is also difficult to be alone when you are poor, alone time; space and time to think and dream is not a commodity the poor enjoy.
    Not a lot of living space in the mansions of the poor, mostly crowded cramped and well peopled with folks you probably would not want as every minute companions for the rest of your days. Ghettos/barrios/shetels are never pointless; the activities may not be of the most pleasant but they are not pointless, and rarely done alone.

  11. emsnews

    The family units are breaking down very fast. Marriages in the bottom quarter of the population has collapsed to near zero. Women have children here, there and everywhere and few have the same fathers. Sons go to mom or more likely today, grandmom for food and lodging while their many female friends go to the state for food and board after having children out of wedlock.

    This leads to social chaos. Mothers do not make good mothers for sons in particular when males are all footloose and fancy free. This lack of attachment with daddies being in and out of prison is very bad. This amorality is spreading far and wide and moving up the social classes as the very rich get married and divorced at the drop of a hat, so even if they are ‘married’ they don’t act as if they are ‘married’ at all.

    The ‘solid middle class’ struggles to stay in their homes and the women are forced to work full time out of the home which destroys the domestic base to an amazing degree, something we dare not address right now but our children feel it.

  12. CK

    When the government decided to replace the working class husband with a monthly check from the government to the wife; the destruction of the family became inevitable. The poorer one is the faster and more accurately one can calculate where the advantage lies. Being unwed and well supplied with babies meant a higher net income than being the wife of a working stiff.
    As for the rest of the social classes, whatever the hood does the middle follows within a New York Rap minuet. The rich have always played change oh change oh with their bed partners; as long as a legit heir is delivered, keeping the old and haggard instead of the shiny trophy is will not prevail.

    Lyndon Johnson and D.P. Moynihan deserve a lot more stigmatizing than they will ever recieve for the domestic destruction they wrought.

  13. DeVaul

    Wow! I am amazed how a discussion about China immediately turned into a discussion about America.

    The migrant Chinese family had no chance of becoming middle class under ANY circumstances. It was all an illusion, and that is what the documentor wanted to show. Yes, he took money from the West to finance it, but his real intent was to help his country. He was very uncomfortable grappling with the whole “saving face” issue since he was Chinese himself and understood what it meant. I too understand, but some claim I do not.

    Middle class Americans never traveled 1,000 miles to go to work. They never stayed away from their home and children for 13 years. So, comparing middle class Americans, who mainly appeared after WW II, with Chinese migrant workers is stupid and misleading. If the factory workers in China lived together with their children, perhaps they could become middle class citizens or close to it, but that is not the case.

    As someone pointed out above, the unpleasant fact is that there is a 100 million man army of tramps marching across China looking for sweatshop labor jobs in hopes that they will somehow become rich after their children attend school and become engineers and scientists to work in industries that will… not exist by the time the are ready to work.

    They do not exist here and they will not exist there, and if they do, everyone will be competing against other dirt poor people to work in a laboratory sweatshop while dreaming about their children becoming rich.

    This is the illusion of capitalism: that everyone can become a millionaire.

    If you look at the lives of the rich, they could care less about family or any thing else that does not involve their own immediate desires. Of course they want everyone to believe they will become millionaires — it makes them rich! If everyone left the sweatshops and returned to their farms and worked there just to feed themselves and no one else, the rich would suddenly become poor. Their wealth would vanish.

    Their wealth is based on the labor of others. Take that away and they have nothing. Since the masters of the universe have no intention of allowing a middle class to develop anywhere, it is time to take the labor away. You can be just as poor at home with your family as you are at the sweatshop 1,000 miles away.

    Sometimes that is all life has to offer.

  14. DeVaul

    Oh, and I wish I could have fielded the questions from the students. My response would be something like this:

    So, your goal in life is to become wealthy by exploiting the labor of millions of migrant workers while hiding it from the world? Where is the “honor” in that?

    The Chinese documentor was far too lenient on these idiots.

  15. What you say is true DeVaul. Still, there is a reason China is now a larger market in many cases than the US – there is a growing middle class that has a demand for goods, but maybe it is not coming from those poor migrant workers that slave and burn themselves out for a decade and so, and then return home.

  16. emsnews

    Ok, once upon a time, many ships would sail from say, Boston or Rhode Island, filled with men who didn’t come home for say, THREE YEARS and who often never came home…sailing hunting whales or doing trade or becoming pirates.

    Then there is the wandering masses of men who went hunting for gold, for years…and going to war…for years…and going to distant colonies while leaving the wife and children safe with their greater family while fortune hunting overseas. Traveling on foot or horse across the wild continent of the New World.

    I am the offspring of these people! So are, probably, you! The Irish men who fled Ireland, no jobs there, no hope, no right to buy land, worked here and sent money home and were separated for years…this is what we are all about, isn’t it?

    So, how is this different from China? All nations, when building themselves from scratch (China was totally destroyed by the end of WWII and Mao) have the same difficulties.

  17. A lot of Scandinavians emmigrated to the US in the 1880’s to the early 1900’s. Some came home again, they worked hard in the US and saved so they could buy a house and start a family when they came back. Others sent money back home to bring their wife or relatives over to them as soon as possible. And some just dumped their old families…

  18. DeVaul

    I was not talking about sailors or landless peasants. The migrant family had land…LAND!!!!! And a farm….A FARM!!!!

    Few, if any, of the men you mentioned above achieved middle class status, and their children often ended up with nothing but news of their father’s death at sea or disappearance in a hostile land.

    It is one thing for a family, who has no land, to send off the father in search of anything they can find, and a completely different matter for a family to CHOOSE to pursue a pipe dream based on propaganda put out by… well, you know who.

    My father’s ancestors came to America because both their parents starved to death in Ireland. What other choice did they have? Two children cannot run a farm, especially when everything is dead.

    In my family, only those who stayed close to their families had descendants who lived and reproduced. Those who wandered away to the gold fields or wherever were never heard from again.

  19. emsnews

    Many a peasant with ‘land’ was forced to migrate due to weather changes, wars, OVERPOPULATION and other stresses and no, the offspring of these people didn’t up and die at all, the history of labor is one of seeking labor, displacement of farmers, opening up of new farmlands elsewhere, things working correctly and then things failing…do note that under Mao, millions of these Chinese peasant farmers starved to death, for example!

    The migrants coming up from down south, from Central America and further afield are exactly the same as these Chinese peasant workers. We call these people ‘illegal aliens,’ by the way.

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