[ExI] undercover at Walmart

BillK pharos at gmail.com
Thu Feb 12 21:46:14 UTC 2009


On Thu, Feb 12, 2009 at 8:30 PM, Rafal Smigrodzki  wrote:
> ### Exchange rates are always in the long term defined primarily by
> average labor efficiency. The only way the Chinese can become as rich
> as us is by working as efficiently as we do.


GM - efficient?  More like bankrupt.

Or the Chinese could spend 30 years borrowing money from America and
spending it to give the impression of great wealth.
You wouldn't catch Americans doing that!   Oh, wait a minute........

BillK



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