Everything is great. Nothing to see here folks. http://www.zerohedge.com/news/2014-...-9-year-low-hallmark-qualities-healthy-market VIX at 9 year low after being at a high 20 days ago.
I think it is true that the textile industry is till moving, but the technology of production is still western based, maybe Germany. Last I was involved a long time ago a production facility, apart from maintenance, was largely operated by maybe one person or at leat a very few. Automation has taken over. So it really doesn't matter where the plant is now, IMO. Perhaps close to the source of materials might be optimum. USA is still one of the largest producers of cotton even today. So maybe the production facilities for the raw materiala might possibly get back here yet. Sewing and making Jeans for EG might still need cheep labor.
We'll all be cheap labor soon as they continue to debase the value of the USD. PPI is diving as they manipulate inflation rates to keep COLA adjustments down. They have all the rules in place to take whatever bank deposits and 401k savings we have left. Then they wont have any problem getting people to work for a bag of rice a day. https://www.fdic.gov/about/srac/2012/gsifi.pdf "11 A resolution strategy for a failed or failing G-SIFI should assign losses to shareholders and unsecured creditors, (the FDIC is in no way financed to back bank deposits and regardless of what that sticker on the banks doors says we are the unsecured creditors) and hold management responsible for the failure of the firm. The strategy should provide continuity of the critical services that the institution provides within the financial system and to the real economy, thereby minimizing systemic risk. The strategy should also enable a prompt transition of the firm’s ongoing operations to full private ownership and control without taxpayer support. Given the cross-border nature of G-SIFIs, the resolution strategy should ensure financial stability concerns are addressed across all jurisdictions in which the firm operates. To be successful, such an approach will require close cooperation between home and foreign authorities. 12 Under the strategies currently being developed by the U.S. and the U.K., the resolution authority could intervene at the top of the group. Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. (this would be our 401k managed funds and bank deposits.)In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. Under both the U.S. and U.K. approaches, legal safeguards ensure that creditors recover no less than they would under insolvency. 13 An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company into equity. In the U.S., the new equity would become capital in one or more newly formed operating entities. (just rename the bank and go on as usual)In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself—thus, the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution. Throughout, subsidiaries (domestic and foreign) carrying out critical activities would be kept open and operating, thereby limiting contagion effects. Such a resolution strategy would ensure market discipline and maintain financial stability without cost to taxpayers. Legislative frameworks for implementing the strategy 14 It should be stressed that the application of such a strategy can be achieved only within a legislative framework that provides authorities with key resolution powers. The FSB Key Attributes have established a crucial framework for the implementation of an effective set of resolution powers and practices into national regimes. In the U.S., these powers had already become available under the Dodd-Frank Act. In the U.K., the additional powers needed to enhance the existing resolution framework established under the Banking Act 2009 (the Banking Act) are expected to be fully provided by the European Commission’s proposals for a European Union Recovery and Resolution Directive (RRD) and through the domestic reforms that implement the recommendations of the U.K. Independent Commission on Banking (ICB), enhancing the existing resolution framework established under the Banking Act. The development of effective resolution strategies is being carried out in anticipation of such legislation. "
that's what happens in a free market, billionaires like david koch, buy politicians to push wages lower, eliminate benefits, reduce spending on education, suppress voting and reform tort law so corporations can avoid accountability by eliminating access to the court for consumers, workers and patients
You are confusing an "unregulated market" with "free market" The problem now is that since the banksters convinced Congress that they no longer needed over sight by the Futures trade commission both sides of the derivatives market can claim profits and attach them to their asset sheets. In the last decade the derivatives market has swelled from about 100 trill to 700 trillion or over 10X's the global economy. We all know how well this worked out in 2008 and now that the casino is twice as large and the pot has grown beyond all actual assets of the entire globe, aa massive global default is the only realistic conclusion to this party. They already have the laws coordinated with other western countries to take what the people have left to cover their bets and duck out with our 401k and bank deposit savings. "11 A resolution strategy for a failed or failing G-SIFI should assign losses to shareholders and unsecured creditors, and hold management responsible for the failure of the firm. The strategy should provide continuity of the critical services that the institution provides within the financial system and to the real economy, thereby minimizing systemic risk. The strategy should also enable a prompt transition of the firm’s ongoing operations to full private ownership and control without taxpayer support. Given the cross-border nature of G-SIFIs, the resolution strategy should ensure financial stability concerns are addressed 10 December 2012 3 across all jurisdictions in which the firm operates. To be successful, such an approach will require close cooperation between home and foreign authorities. 12 Under the strategies currently being developed by the U.S. and the U.K., the resolution authority could intervene at the top of the group. Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. Under both the U.S. and U.K. approaches, legal safeguards ensure that creditors recover no less than they would under insolvency. 13 An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company into equity." https://www.fdic.gov/about/srac/2012/gsifi.pdf Good luck if you are keeping any wealth in the USD. "
the term is an abstract concept, not reality what do you think would happen if dollars consistently increased in value?
thaat can't happen, cause they keep printing more $. so why ask silly questions. ? If you don't have survival goods and skills, with some gold and silver coins for later on, God Help you.
