Unlicensed window cleaners (Scotland)

[doug atkinson]

China was the main backer for ZANU and supplied then with arms. Also the were funded by churches if I remember Christian Aid was a big financial backer. It’s a known fact China military planes have been flying in and out of Zimbabwe diamond mines. China basically own Zambia and a number of African countries as they are in debt to them. They are now also purchasing South Africa wildlife reserves. Zimbabwe as a country is beautiful and has been spoilt by corruption. Currently there is a reporter in prison who has  uncovered millions of US and UK which was for aid embezzled by the government. This is the world we live in.

As Spruce says this will hit the UK as many companies invested heavily in China. So UK is heavily dependent on China for goods. If you speak to business owners it’s very bleak. There is also an increase in fraud on line. I have never known us to receive so many emails with viruses trying to take over our systems. And what is surprising is a lot are coming from within the UK.

The cleaning industry i think is the most resilient but that then leaves it open to more and more people coming in and dragging prices down.

 

[Iron Giant]

you cant compare the uk to zimbabwe though......its never gonna get that bad over here!

We the UK were in millions or billions of £'s of debt before Covid-19 the covid bill is to exceeded £300bn and no doubt way beyond there is almost no way back from this other than to sell off assets like the NHS so it gets privatised lots of assets will have to sold to have any hope of getting out of the hole we are in state pensions will be slashed in future taxes will increase by 10-20% .

 

[scottish cleaning service]

We the UK were in millions or billions of £'s of debt before Covid-19 the covid bill is to exceeded £300bn and no doubt way beyond there is almost no way back from this other than to sell off assets like the NHS so it gets privatised lots of assets will have to sold to have any hope of getting out of the hole we are in state pensions will be slashed in future taxes will increase by 10-20% .

Don't worry, EU, USA, Japan, China, Russia and all the rest are in same boat bar Norway. With rates turning negative we will all keep the printing presses going. Maybe in 2026 there will be a war like always happens when we enter a depression stage. No point worrying about it, just get on with life and don't invest in get rich quick schemes nor put money in bonds promising 5% returns. I spend my money on equipment and my next target could be a new van or a new home if my business keeps expanding. ? 

 

[spruce]

China was the main backer for ZANU and supplied then with arms. Also the were funded by churches if I remember Christian Aid was a big financial backer. It’s a known fact China military planes have been flying in and out of Zimbabwe diamond mines. China basically own Zambia and a number of African countries as they are in debt to them. They are now also purchasing South Africa wildlife reserves. Zimbabwe as a country is beautiful and has been spoilt by corruption. Currently there is a reporter in prison who has  uncovered millions of US and UK which was for aid embezzled by the government. This is the world we live in.

As Spruce says this will hit the UK as many companies invested heavily in China. So UK is heavily dependent on China for goods. If you speak to business owners it’s very bleak. There is also an increase in fraud on line. I have never known us to receive so many emails with viruses trying to take over our systems. And what is surprising is a lot are coming from within the UK.

The cleaning industry i think is the most resilient but that then leaves it open to more and more people coming in and dragging prices down.

This is an important point.

Back in the early 1990's Bosch sent out a letter to all us department managers asking us what we thought about investing in China to reduce costs. One of the points they made in the letter was that if Bosch put a manufacturing plant in China and the company decided not to continue manufacturing with that plant, then the factory will become the property of the Chinese and Bosch would have to leave everything behind. In other words, they would have to leave everything behind including their investment. This would also indicate that the Chinese would continue to manufacture that product themselves and sell it on the world market in competition to Bosch.

In fact the Chinese Government could kick Bosch out with no financial obligation for everything left behind.

As it turned out Bosch Germany opted to invest in some ex 'behind the iron countries' such as the Czech Republic rather than in China. Some Bosch product is made in China today but very little. The Germans back then felt the risk was just too high.

How can China manage to manufacture goods so cheaply? This is the way China has financially made the world dependent on their cheap goods. Where is the UK's manufacturing industry now? In China. Where is the UK's clothing industry now? In China. Where are the sewing machines made? In China.

If new sources of supply are found such as India its going to take years before the economy has a chance of stabilizing.

China is happy to loan these 'developing nations' in Africa and South America aid that these countries have no chance of repaying. Its called the 'debt trap'. Its done so when the debt defaults China gets mineral rights etc (strategic assets they call it) in exchange for debt extensions - never right offs. The countries are always in debt to China.

It also pays China as a member of the United Nations as these countries will support China when it comes to voting. So far over 50 countries vote on China's side on the back of the 'debt trap.'

The world in general is in a very precarious position.

 

[scottish cleaning service]

How can China manage to manufacture goods so cheaply? This is the way China has financially made the world dependent on their cheap goods. Where is the UK's manufacturing industry now? In China. Where is the UK's clothing industry now? In China. Where are the sewing machines made? In China.

Its because the Yuan or Remimbi are Pegged to the Dollar. History has told the same story since time began. Uk importing drugs to China, China trying to stop us, Merchants marching into Parliament to demand the UK Royal Navy take action. Uk Navy sailing into South China Sea and bombarding China into submission and then stealing Hong Kong from them. The US taking control of the middle-east by helping Kuwait and Israel. There's nothing new under the sun because its all been done before and always will, History tells us this. When a person a business and even a country has money to spend then everyone is a happy camper. When the opposite happens then everyone isn't happy and look to blame someone. The East will rise up against the West over money and eventually the Chinese race will rule the world. ?

 

[Part Timer]

Its because the Yuan or Remimbi are Pegged to the Dollar. History has told the same story since time began. Uk importing drugs to China, China trying to stop us, Merchants marching into Parliament to demand the UK Royal Navy take action. Uk Navy sailing into South China Sea and bombarding China into submission and then stealing Hong Kong from them. The US taking control of the middle-east by helping Kuwait and Israel. There's nothing new under the sun because its all been done before and always will, History tells us this. When a person a business and even a country has money to spend then everyone is a happy camper. When the opposite happens then everyone isn't happy and look to blame someone. The East will rise up against the West over money and eventually the yellow race will rule the world. ?

The problem is the Chinese currency isn't pegged to either the USD or the Euro. There are also all sorts of import tariffs on finished / non finished goods and the Chinese Government give massive tax allowances to exports. All of this is currently legal under the deal that Obama  maintained. Trump will stop it if reelected, however with the negative press and the corrupt media we will probably return to the left wing utopia of big business getting cheap labour and no taxes

 

[scottish cleaning service]

The problem is the Chinese currency isn't pegged to either the USD or the Euro. There are also all sorts of import tariffs on finished / non finished goods and the Chinese Government give massive tax allowances to exports. All of this is currently legal under the deal that Obama  maintained. Trump will stop it if reelected, however with the negative press and the corrupt media we will probably return to the left wing utopia of big business getting cheap labour and no taxes

No, the Chinese currency is pegged to the US Dollar in a small band which it can't go above or below it. That's why it costs someone $40 a week to work in China and the reason we can buy things very cheap from China. If China allowed their currency to float then prices would go up and they would lose all their manufacturing to the West. We are in a stalemate at the moment, China won't let their currency float and the US won't stop the printing presses. Eventually someone will blink and it will lead to war. fwiw

 

[Part Timer]

No, the Chinese currency is pegged to the US Dollar in a small band which it can't go above or below it. That's why it costs someone $40 a week to work in China and the reason we can buy things very cheap from China. If China allowed their currency to float then prices would go up and they would lose all their manufacturing to the West. We are in a stalemate at the moment, China won't let their currency float and the US won't stop the printing presses. Eventually someone will blink and it will lead to war. fwiw

They devalued it this time last year to counter the cost of tariffs the US applied, so if they keep devaluing it it can't be pegged to anything. They have changed their policy and now have it so it fluctuates, to their benefit, against all the major currencies. 

 

[spruce]

They devalued it this time last year to counter the cost of tariffs the US applied, so if they keep devaluing it it can't be pegged to anything. They have changed their policy and now have it so it fluctuates, to their benefit, against all the major currencies. 

Yep. Its how the game is played. Devaluing their currency will push the cost of imports up but as long as the exports of product is more than imports they will always win. One way foreign investment coming into the country from outside with no guarantees means no long term financial implications. China had a win win situation for many years.

But Trump is putting the screws on them. According to one source he is starting to unpick the Chinese economy with Taiwan and Japan ready to pick up the pieces. India has also promised the world with its largely untapped labour force.  The globalization policies pushed by financial experts in the 1990's have decimated middle America. Even economist Paul Krugman, who was one of the main driving forces behind globalization policies, admits he didn't get it right. Back in the day he called globalization skeptics idiots.

https://www.breitbart.com/politics/2019/10/13/free-trader-paul-krugman-admits-failure-of-globalization-for-american-workers-major-mistake/

 

[THL4KEL]

Lets hope Trump gets reelected and finishes what he started...

 

[Guest]

Grapes of wrath innit 

 

[Part Timer]

Grapes of wrath innit 

Grapes Of Wrath was fictional, unfortunately because of the power of big business and the current support they're getting from the Liberals and Left Wing Politicians, people that are supposed to support the working class, it's now looking like an accurate prediction. 

 

[scottish cleaning service]

They devalued it this time last year to counter the cost of tariffs the US applied, so if they keep devaluing it it can't be pegged to anything. They have changed their policy and now have it so it fluctuates, to their benefit, against all the major currencies. 

They never devalued the Yuan, what they did was move the band lower so it would be weaker. You can call it devalue because that is what they are doing by lowering the band. They know if they let it float then they will lose all the manufacturing jobs. It might not matter now after US arrested a Chinese spy who admitted he was a spy for the East. I believe companies will slowly begin a retreat from China and move back to the West to manufacture their goods. Tensions will increase until all out war happens. fwiw