PeakTrader.com

[administrator]

PeakTrader said...

After squandering trillions of dollars and creating massive inefficiencies, over the past two years, this (forcing China to appreciate its currency to help double U.S. exports in five years) is a desperate attempt to raise tax revenues at the expense of lower U.S. living standards.

Most Americans are unaware about the enormous benefit of China selling its goods too cheaply and lending its dollars too cheaply.

So, it's easier to raise taxes taking away that benefit than raising taxes directly.

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PeakTrader:

The service economy also includes outsourcing to replace work done in-house:

Outsourcing — the practice of using outside firms to handle work normally performed within a company — is a familiar concept to many entrepreneurs...entire industries have evolved to serve companies' outsourcing needs.

Benefits of outsourcing:

Control capital costs.
Increase efficiency.
Reduce labor costs.
Start new projects quickly.
Focus on your core business.
Level the playing field (between large and small firms).
Reduce risk.