Perhaps not a popular opinion but at some point it doesn’t matter what it costs to make “stuff” here, like drugs, semi-conductors, you name it, because we cannot be beholden to our allies/adversaries.
Money & Economics
- Thread starter bigredfish
- Start date
We can’t keep going down the road of cheap goods from China and expect that all will be okay. At least tariffs are a consumption tax.
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mat200
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Was/is this a symptom?
Can they/were they paying them far less than Americans?
Can they/were they paying them far less than Americans?
mat200
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Even if Koreans make less ..
My guess is that they wanted to setup the factory right away and did not want to take time to hire and train a local work force.
We drove by this huge plant last year. I see it is now 44B up from 17B
mat200
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Actually, I see a super nice silver lining here .. 2nm instead of 4nm .. heck yeah
"The delay is partly due to changing chip technology needs—Samsung plans to upgrade the fab from 4nm to 2nm process technology."
If they are lacking customers at 4nm, they will be lacking even more at 2nm. Very few applications need the smaller sizes and their associated costs. This stupid "Moore's Law" bullshit has been used as a roadmap (can you say "self-fulfilling prophecy?") by the semiconductor industry for decades, to their own detriment.
I'd opine opposite that. Smaller geometry means more speed and less power going up as heat, both pretty important as mankind wipes himself out with technology.
" The Taylor fab is being equipped to handle a variety of advanced manufacturing processes, including 2nm technology. This capability is necessary to produce not just Tesla's AI chips, but also other advanced chips for a broader market, such as potential orders from Qualcomm."
Stablecoins mandated to be backed by treasuries will keep upward pressure on bond prices, this would result in lowering the yield . ( prices and yields move opposite)
This lower yield (interest) trickles down to mortgages, consumer credit.
Yields drop so folks like me wont want to hold US Treasuries.
Dollar will be devalued faster, Bagholders will be?
Per Grok:
Stablecoins are digital currencies pegged to the USD, often backed by US Treasury bonds.
The claim: US pushes global use of these stablecoins. Buyers indirectly fund US debt as issuers buy more Treasuries to back them.
Then, US devalues the dollar (e.g., via inflation), shrinking the real value of that debt.
Holders of stablecoins lose value, while US offloads the debt burden.
This lower yield (interest) trickles down to mortgages, consumer credit.
Yields drop so folks like me wont want to hold US Treasuries.
Dollar will be devalued faster, Bagholders will be?
Per Grok:
Stablecoins are digital currencies pegged to the USD, often backed by US Treasury bonds.
The claim: US pushes global use of these stablecoins. Buyers indirectly fund US debt as issuers buy more Treasuries to back them.
Then, US devalues the dollar (e.g., via inflation), shrinking the real value of that debt.
Holders of stablecoins lose value, while US offloads the debt burden.
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Sybertiger
Known around here
But are these Korean illegals people with expertise who had worked in similar factory in Korea? Or is their claim to fame that they speak Korean and are nothing more then simple day laborers?
Sybertiger
Known around here
Yeah, who wants anything tied to the dollar when the biggest scam and redistribution of wealth is when the gubermint prints more money, devalues the currency and everyone holding the currency is nothing more than a shmuck hold a bag full of shit. I don't blame foreign governments who hold dollars who go ape shift over the devaluing of the money.
According to S Korean officials, they were here specialty workers with valid visas to help construct the new battery building, and get it up and running.
Trump is saying he only wants American workers doing this. Welp... 1, we do the exactly same thing when building factories, etc.. around the world, We send US workers to oversee everything.
2) We don't have any workers with the knowledge of setting up a battery factory like Hyundai is building.
So... If what S Korean officials stated is true, that they have valid visas, then :shrug:
mat200
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100% seems to be the play .. inflate the debt away, get purchasers of US debt / treasuries .. thus gold skyrocketing
mat200
IPCT Contributor
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As I understood it, they are Korean Workers from the companies setting up the factories and have the required experience / training and language skills to get the job done quickly.
Could be they came in under misclassification of their visas .. this is what I would guess, as the process to go through the proper visas are probably a pita and Trump was pushing hard on foreign nations to invest in America.
but then again, like much in the main stream press, hard to know for certain as so much "fake news" is out there ( from all sides )
