Comments by "AQuietNight" (@AQuietNight) on "The Electric Viking" channel.

You don't pay attention to the economics, you will pay for it through the politics.
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When Americans were buying primarily American made goods, those were considered good times and the economy grew. Problems began when we started buying cheap Asian stuff. If China wants to take it toys home and leave the American market, U.S. companies will start picking up on making many of those lost goods.
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@vanhocwong6689 "That's an illusion" It was a reality and China wasn't needed for it. Two things: China sits on it's currency, the U.S. protects the value of it's currency. The U.S. should allow the dollar to drop in value. Actually, Europe should do it too with the Euro. In the world of tomorrow holding a high value currency is like fighting with 1 hand tied behind your back.
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Well thought, something not done often enough.
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Several of the Chiese automakers are not doing well either as they are engaged in a price cutting war in China. The UAW in the U.S. will probably be seeing wage cuts if BYD comes to town.
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Europe, like the U.S. will get bled to death with Chinese imports. Putting up factories will slow the bleeding, but not stop it. Local content rules would help. The European automakers will have to start reducing wages to compete. Shiny new factories will not make that much of a difference, but clearly labor will be taking a hit.
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@hansj5846 That doesn't change much of what I said. The ideal is to minimize the damage.
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Not the U.S. Germany is looking at the trade numbers. Germany loses money on trade with China. Germany does better with trade with the U.S. where they have a trade surplus. Every euro they make with the United States, they lose about as much with China.
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The west will have to go on a diet and start reducing costs through out society to get costs down. China is setting the wage floor and if costs need to go down everything has to down. China has created a lot of race to the bottom economic scenarios for the west.
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@bubba842 This presumes customer choices had nothing to do with it.
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@vanhocwong6689 The Swiss Franc is worth half of a U.S. Dollar. The Swiss still eat well. High end manufacturing over time becomes about as valuable as low end because it becomes a commodity product (think televisions, integrated circuits). High is very good to have but some low end is needed to keep the less skilled and those who were never gifted with the talents to do high end work. I'd rather have the Chinese get the reserve currency status and then watch as the reserve currency higher value slowly drags down the Chinese economy.
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China would take a severe hit if the U.S. stopped by buying Chinese. The U.S. trade deficit with China is huge and represents millions of jobs in China. If China does 50% of manufacturing, the rest of the world will be dealing with the scraps, the left overs, the jobs China doesn't want. And China will be setting wage floors around the globe.
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Like on Twitter... some of these guys go to China and they start losing all perspective.
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The current head of the UAW is a left wing radical.
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If you want to trade with China, eventually wages have to drop to Chinese levels. Over time, cheap stuff from China will cost you a fortune.
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Cutting the dividend won't do a whole lot for you if the competition's cost structure is far lower than yours. It's more of a nice gesture more than anything else.
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@JustinTipton China has lower labor costs, programs to help their auto companies to get started and grow plus a currency that gives them an edge in international sales. No matter how efficient VW can become, they still have other hurdles to deal with. Maybe Germany can insist the Chinese battery makers set up shop in Germany?
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@HNedel That would make it an EU problem.
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