Huh. What if BOTH are correct:

https://www.dailywire.com/news/chines...

What if - as Dr. Boyle states - it was stolen from a US facility and then manipulated in a China bio war facility.

World Health Org knows.

Might have heard it here first from me a while back. This is the big one...

Seems like they created a biological war on themselves...Life is cheap in china.

I do hold that collectivist laws are making it bad for entry level workers, and collectivist deficit spending monetary policies are increasing prices and making it harder for entry level people to make ends meet.

Buying from china has hidden the inflation for a while now, with more and more being bought from china at a LOT lower prices than if the same stuff were made in the USA. Now, if people bought american, we would see the massive inflation appear that was made in the past and hidden by the moving of production overseas, and the effect of whatever robotics and automation that we have enjoyed over here.

If only the government would stay out of it, the market could fix this.

I think our only OUT at this point is for a renewed push to reduce the cost of automation and robotics to keep prices low. I agree that leaves entry level people. especially entitled and lazy american workers, with no jobs.

The collectivists have gotten us all in a real catch 22 situation from which there is no way to escape the results of collectivism. They spend, print money cause they cant tax enough, create inflation, and then try to hide the inflation, then artificially force companies to increase wages, and therefore decrease employment.

But as you are probably aware, that's an economic make/buy decision with a price point attached. Much of the consideration that goes into whether or not to automate is the cost of the labor required to perform the same task. As you note, minimum wage hikes push this price point - artificially - in favor of automation. Regulations and other concerns do the same thing. Eventually it reaches a point where the decision is already made - that there is no viable point where manual labor is still profitable. To me, that is a sad day indeed.

It's not that I believe automation to be inherently evil (I'm a programmer so its my lifeblood) but the lack of entry-level jobs in the economy is a danger to the economy as a whole. I believe one of the most critical values a person can have is solid work ethic, and delaying the entry into the workforce due to hiring restrictions, minimum wage laws, and other bureaucracy only impresses upon people how beholden they are to government and conditions them to this slavery.

I kind of agree that it was probably accidental It does appear someone MADE the new virus though, and it just got loose.

If it is bio-weapon realted - I doubt that they are running this as a test, even if only the carrier base. A nasty flu running around their country would/and is causing them a lot of probelem. The effects on their economy will not be small with everyone shutting the doors to them. But an accidental release I could see. If they wanted to do a test they could have let it go anywhere else - causing others problems instead of themselves.

I agree these are considerations. Fortunately I dont have to worry about overall consequences- I just have to worry about my own personal actions. For me, I want robots, NOT humans for rote production work (not creative). Our government has made iti economically difficult to hire humans with taxaction, regulations, and liability concerns. We are facing in 2020 about a 10% rise in minimum wage, which will result for us in a 10% reduction in personnel and an increase in robotics and the computerization of more processes.

Either way you're talking about government-centric actions.

I'm not opposed to playing tit-for-tat with the Chinese on trade issues, the problem is that China isn't our only trade partner - even if they are the largest. When we seek to get government involved in such deals, we open ourselves up for WTO disputes and recrimination by other nations as well - as well as ignoring our own focus on laissez-faire government.

I would also point out that "encouraging" automation via tax breaks has the unintended consequence of putting low-skill workers out of jobs and bringing on more calls for protectionism and higher minimum wages. From a strategic perspective, I think its a short-sighted approach.

Maybe what I should have said is not a tax credit, but a tax deduction specifically for investments in AI, Robots, and Automation. So its not that government is paying for anything, but it is just taxing companies less that engage in those activities.Another tax deduction would be to reinstate the "domestic production" program where companies can reduce their taxes by increasing their domestically produced product lines. This would encourage domestic production while not specifically pissing off the chinese.

"Secondly, automation can be kicked into high gear by a tax credit for robots and automation- that would help offset china's advantage in terms of cheap labor"

First, I'm pretty sure that already exists but second, doesn't that kind of go against getting the government involved in the first place? If you're going to make this a moral argument, it kind of seems like a cop-out to then argue the need for the heavy hand of government to intervene and force the matter...

I think that you are right that it wont be political for Trump to come out and say we shouldnt buy from china. Then again, he didnt have to say this to me- I already figured it out myself. First of all, we buy too much crap that we dont really need, and we can each cut that by 10%, Secondly, automation can be kicked into high gear by a tax credit for robots and automation- that would help offset china's advantage in terms of cheap labor

thats a good point. what you want is something that spreads FAST, and is very deadly

As posted by nick, it may be purposely under-reported by the Chinese:
https://www.taiwannews.com.tw/en/news...

AMeador's comments on this being a less deadly test could be accurate, too.

I wouldn't object to that, but given that he just renegotiated a trade deal with them, I'm not sure the politics fit. He'd have to do it as a response to evidence that the coronavirus and other outbreaks (SARS, avian flu, etc.) were manufactured by China in contravention to the biological weapons treaty and use a termination of MFN as a punitive action.

That's been my thought too - I wonder if this was part of a bio-weapon if maybe it is just the carrier portion. Maybe this would be the base biological that is to spread - but the nasty part just hadn't been engineered into it yet - or this was just an escape of that component and the nasty form was not released.

I don't know, to be honest. I do not believe that we are not getting the truth on anything regarding this. The WHO asking for 600+ million to "fix" an issue that is a repeat issue over several times, is pure BS. I would just ban all travel to China, unless you want to be quarantined for 4 weeks. The circumstances are all way to smelly, and with the deep state losing a lot of channels for money, the Big Pharma connection has yet to be broken. Look for the next2-3 months to be explosive and demands for us to cough up billions to help the countries that are not taking steps now to limit their exposure. I expect thenumbers to blither around until individuals actually report the truth. Lots of stories of huge death tolls in China, so I am not believing the State version. One reason I believe the TenCent oops was not an oops, either double data bases, or someone trying to get the word out.

Do you think the rate in other countries is accurate? I noticed the official figures for Japan were strange:
2/3 20
2/4 25
2/5 45
2/6 86
2/7 25
2/7 has a new category "Others" showing 61
(I have saved images of the Johns Hopkins official reports each day.)

Amazing how they went fro 144 thousand to 24 thousand 16 hours later, and the number of "dead but not dead" is huge....still believe the media?

https://www.taiwannews.com.tw/en/news...

👍

World Health Org is headed by a national of an African nation heavily in debt to China.
No surprise then that WHO was the last 'official' source to confirm the viral outbreak.
The 'fix' is the usual one-
give me a lot of money that I can spend to protect you.

I think TMaybe if Trump did a fireside chat and educated the populace that making china rich by buying from them is a self destructive thing. Personally, I have felt that way lately, and found ways to cut purchases from china by about 30%. Making a communist regime rich is not really my idea of being smart.

I think the biggest thing that would get China's attention (aside from President Trump's latest moves) is to threaten their MFN trade status based on their continued IP theft, cyberattacks, and now what is becoming increasingly more dangerous biological warfare (the recent coronavirus isn't natural). That's a national policy issue that could be incredibly effective in a very short amount of time.

I am not an economist (fortunately), but it seems to me that whatever china does in terms of currency manipulations would not stand if we were on a gold standard. Intellectual property violations I agree would need to be stopped at our border- just not let their stuff in which violates intellectual property. As to companies trying to sell in china and decide to willingly give up intellectual property, thats ON THEM

"One way or another, it costs from china 1/3 of what it costs from the USA."

Again, see my comments regarding China's currency manipulations and government-sponsored hanky-panky. While its easy to look at the US' own policies, one can not exclude China's own price fixing or one gets a distorted picture (of a distorted picture).

Would I personally support a policy of zero inflation? Yes. Would I support a hard currency backing to reverse the 1964 move? YES. But those should not be confused with the current currency manipulations going on on both sides.

"The real fix is to stop inflation, and then to encourage people here to stop buying from china."

100% agree!