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  #1  
Old 03-04-2013, 10:16 AM
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Future of north america?

There was a show on last night basically highlighting the difficulties in Detroit. With the still continious and perhaps accelerating replacement of our manufactures products by the orient. Combine this with the horrific amounts of money being borrowed to sustain the present.

I had to wonder if one older detroit womans comment might have had a grain of truth in it. That is Detroit being a picture or preview of the future for america.

Not as severe as Detroit of course but still down the same road. If for some reason the excess borrowing where to stop and too much manufacturing capacity is lost in the interm until then.

It would be foolish to assume the orient will slow down in replacing our product production. Speeding it up instead is a more plausable senario.

People that have the resources. Especially those that did not tackle the issue but should have could take their money and leave the country ultimatly in a bad situation.

The present is not too early to examine this issue and decide what to do to avoid it. I assume it is not yet too late. Not doing so may make it too late at some point. Too many in the north american population are not cognizant of how too much manufacturing capacity lost might play out. It is a known primary wealth generator. May even be the most important one from the citizens viewpoint.

I think the real standard of living has already been on the decline but masked at the personal level by too much individual borrowing. Becoming a primary credit driven society may have been a major change already.

As things are today if the federal and states borrowing excess amounts of money where to stop. The thing that may change is the tax structure to compensate.

To service the so called entitlement society and it is a large component of society now. Anyone with tangiable assets will in all probability be hit hard. This is based on the governments needs being more important than the individuals and them having the power to do it.

No chance at all of some form of that senario occuring may be just wishful thinking. Recovery from a situation like that in any form is extremely dificult if it were to occur. Currently what is the unknown is the time frame this might play out in.

It would not suprise me at all if government and private think tanks are not looking at this potential senario fairly regularily. Perhaps more often as time moves along. We cannot really maintain what is even treading water. So where we will move to has to be guided.

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Old 03-04-2013, 10:43 AM
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Regarding manufacturing: normalized for population, Japan and Germany are a bit ahead of us, with the Chinese at 11th place tied with the Mexicans and Russians.

Is China the Largest Manufacturer in the World? MAPI: Manufacturers Alliance for Productivity and Innovation

Detroit is just a mega version of the ghost towns in the American West. Instead of mining conditions becoming unfavorable, regulatory and union conditions became unfavorable. As Pissburg and Alientown (sort of) did, it would be interesting to see if Deeeeee-TROIT can re-invent itself in a few decades.
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Old 03-04-2013, 10:52 AM
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Regarding manufacturing: normalized for population, Japan and Germany are a bit ahead of us, with the Chinese at 11th place tied with the Mexicans and Russians.

Is China the Largest Manufacturer in the World? MAPI: Manufacturers Alliance for Productivity and Innovation

Detroit is just a mega version of the ghost towns in the American West. Instead of mining conditions becoming unfavorable, regulatory and union conditions became unfavorable. As Pissburg and Alientown (sort of) did, it would be interesting to see if Deeeeee-TROIT can re-invent itself in a few decades.
A little off-track...but...one of my Chinese clients is buying up as much real estate in detroit as he can get his paws on...derelict or functional...doesnt matter..if it's for sale...he wants it.
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Old 03-04-2013, 10:56 AM
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Originally Posted by chilcutt View Post
A little off-track...but...one of my Chinese clients is buying up as much real estate in detroit as he can get his paws on...derelict or functional...doesnt matter..if it's for sale...he wants it.
I can understand that, though myself, I'm sticking to areas that are likely to make a profit in the next five years or so. I don't see Detroit as being able to do that.
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Old 03-04-2013, 11:01 AM
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I can understand that, though myself, I'm sticking to areas that are likely to make a profit in the next five years or so. I don't see Detroit as being able to do that.
What I have found out about Asians in the 3 years I have been here, is that their patience is far superior to us Ang Mo.
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Old 03-04-2013, 11:16 AM
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It's time to reinvent, downsize, and simplify. Detroit has nothing going for it. There's just an island of commerce in the center surrounded by filth and decay. Just like Atlantic City, it's time has come and gone. The only money I would spend is to level giant swaths of it and then something new might grow on top of it.
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Old 03-04-2013, 11:18 AM
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It's time to reinvent, downsize, and simplify. Detroit has nothing going for it. There's just an island of commerce in the center surrounded by filth and decay. Just like Atlantic City, it's time has come and gone. The only money I would spend is to level giant swaths and then something new might grow on top of it.
Actually, the center is forked and done. Some of the outer areas are actually pretty wealthy and thriving (e.g. Ann Arbor).
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Old 03-04-2013, 11:44 AM
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No real industry except the auto industry that doesnt exist anymore ,right.What happened to that Chrysler Commercial with eminem?
OFFICIAL 2011 EMINEM CHRYSLER SUPER BOWL COMMERCIAL - YouTube
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Old 03-04-2013, 12:30 PM
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Detroit is probably going to have to go through something like Youngstown (a city near me) did..

Some 30-40 years ago the steel mills all closed up shop. Youngstown pretty much died, all the city had was steel and automotive industries. (GM/Delphi-Packard) The city is coming back now, slowly. They're rebuilding from downtown outwards.
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  #10  
Old 03-04-2013, 12:37 PM
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Originally Posted by chilcutt View Post
A little off-track...but...one of my Chinese clients is buying up as much real estate in detroit as he can get his paws on...derelict or functional...doesnt matter..if it's for sale...he wants it.
I hate to see that. Don't like seeing foriegn powers, esp repressive ones like china, buying property in our country. It is a national security issue.
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Old 03-04-2013, 12:39 PM
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America may have signed its prosperity death warrant by systematically eliminating favorable conditions for manufacturing in this country. It certainly is slowly but surely killing off the middle class. A manufacturing society creates commerce and wealth in the middle...
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Old 03-04-2013, 01:02 PM
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I hate to see that. Don't like seeing foriegn powers, esp repressive ones like china, buying property in our country. It is a national security issue.
So buy up some property yourself and compete with them. Personally, I feel a bit sorry for people buying property in Detroit at cut-rate prices. They'll be left holding the bag for high taxes, and will find it quite difficult to develop it or lease it in the near term. (Especially with toxic contamination issues in many parts of The 'troit.)

This is kind of like people who buy co-op apartments with rent-controlled tenants in NYC. The common charges + taxes may be $800/mo, with the tenant paying $400 and basically un-evictable. So they might be left paying $4800/yr until the tenant (and his heirs, etc) decide to give up the apartment, or agree to a buyout. Which might be basically never.
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Old 03-04-2013, 02:21 PM
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Originally Posted by chasinthesun View Post
No real industry except the auto industry that doesnt exist anymore ,right.What happened to that Chrysler Commercial with eminem?
OFFICIAL 2011 EMINEM CHRYSLER SUPER BOWL COMMERCIAL - YouTube
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Never seen this commercial but why do the imagery and shots remind me of a Soviet workers propaganda film.....
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Old 03-04-2013, 02:44 PM
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Originally Posted by Fulcrum525 View Post
Never seen this commercial but why do the imagery and shots remind me of a Soviet workers propaganda film.....
Because what worked for the commies works for the TV masses here as well.
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Old 03-04-2013, 02:51 PM
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There was a period in history when technology rendered countless jobs in the country obsolete and placed many into unemployment. Business and industry that were once the backbone of our economy were dealt huge blows.

Around 1900, 60% of the US workforce was in agrarian jobs. In 2012, only 1%.

In 1950, 50% percent of jobs were in manufacturing, currently it's 12%.

Today, 33% of all jobs are in the professional, technical, knowledge and creative economy, up from roughly 5 percent in 1900.

Change is the constant.

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