“Dutch still don’t like the Deutsch, comprende? A Dutchman, who is now an American in Georgia, who used to work for Fokker, told me so.”

Did you know that Fokker was actually started by a Dutchman in Germany in 1912?
And Prince Bernhard,the husband of the Queen of the Netherland and the member of the board of supervisors of Fokker,was a German?

“Dutch still don’t like the Deutsch, comprende? A Dutchman, who is now an American in Georgia, who used to work for Fokker, told me so.”

Did you know that Fokker was actually started by a Dutchman in Germany in 1912?
And Prince Bernhard,the husband of the Queen of the Netherland and the member of the board of supervisors of Fokker,was a German?

Koreans really need to work on marketing their culture, food and country to the world. Koreans have to use Japan to go to the next level. Korean beer such as Cass, OB and Hite should be more well known. If Korean food became popular such as Chinese food is, then Korea’s image would drastically change and it will benefit the economy. I don’t know why koreans don’t market their own food and country to the world. Koreans need to make Korean food popular outside of Asia. This is something the Korean government has to take seriously. Anyway, I’m about to purchase a 42 inch LG LCD TV from Best Buy or Circuit City next week.

The trade deficit with Japan for the first quarter of 2008 is $8.3 billion. Korea’s total current account deficit for the same time period is $5.2 billion. Current account is the trade balance plus capital inflows/outflows. Given that the trade deficit with Japan is GREATER THEN all the current account deficit, it means that it is one of the leading determinants of Korea’s negative current account balance (”CAB”).

ALL developed nations strive to have a positive CAB. Germany and Japan have the most consistent level of positive CABs because not only do they make world class products, but because they also make the MEANS of production, i.e. the capital goods. Go into a factory anywhere on the face of the earth, what do you see? A German lathe, a Japanese testing & measurement machine, so on and so forth.

The only developed nation that can get away with consistently negative CAB is the U.S. and that’s only because the rest of the world has a vested interest in having a stable U.S. currency and economy. The U.S. has the best of both worlds. They can spend more money then they have and get foreigners to give them more money. Korea? Not so much by a long shot.

Didn’t know it still existed… thought myspace/facebook would’ve suffocated it.

An economic talk that I can actually understand. Awesome. The commodity-Finished good difference, I learned while playing Sid Meier’s Colonization though.