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Earth Child


Registered: 12/16/10
Posts: 3,473
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China's $5,000,000,000,000 (trillion) surplus economy
#13834771 - 01/22/11 11:42 PM (13 years, 3 months ago) |
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Treasury Secretary Timothy F. Geithner hinted that jockeying for power and a coming leadership transition have degraded China’s ability to set consistent policies. “As China goes through this political transition over the next year or so,” he said, picking his words carefully, “in some ways, it’s having the effect of slowing the pace of reform because it’s inducing a bit of caution.” Mr. Hu has repeatedly asserted China’s disinclination to challenge American power; his designated foreign policy coordinator, State Councilor Dai Bingguo, recently wrote an article reaffirming Mr. Deng’s warning, made back when China’s modernization was beginning, that the country should bide its time before seeking a global role. China hasn't been after us about our debt up to this point due to the fact their President power is weak in China. They're is power change planned for the Peoples Republic of China in the next year. The Chinese are not going to keep being merciful about the debt to them, if they don't up and take us over. We couldn't afford to even defend ourselves anymore, on the other coin, the Chinese can buy and own everything they would possible need. I think they will remove us from the World Reserve Currency status first and that'll be a hard transition enough. Just read.. http://www.nytimes.com/2011/01/17/world/asia/17china.html?src=me&ref=world
-------------------- Life is too short for this sorrow. You may be here today and gone tomorrow.
My Poetry · Stay Informed · Recipes · Nature Wants Us to Trip
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Baby_Hitler
Errorist




Registered: 03/06/02
Posts: 27,660
Loc: To the limit!
Last seen: 7 hours, 46 minutes
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Earth Child]
#13835099 - 01/23/11 12:45 AM (13 years, 3 months ago) |
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China seems to have this nationalized capitalism thing all figured out.
-------------------- This space for rent
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zorbman
blarrr


Registered: 06/04/04
Posts: 5,952
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Earth Child]
#13835433 - 01/23/11 03:30 AM (13 years, 3 months ago) |
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In the long run we need them more than they need us.
The future belongs to savers and investors (what we used to be) not borrowers and spenders. Global power will continue shifting from West to East as America slowly loses the Super Power status it squandered.
Saw today that the number of American classrooms teaching Chinese has soared in the last couple of years.
Sign of the times.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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Seuss
Error: divide byzero



Registered: 04/27/01
Posts: 23,480
Loc: Caribbean
Last seen: 3 months, 8 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Baby_Hitler]
#13835497 - 01/23/11 04:20 AM (13 years, 3 months ago) |
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> China seems to have this nationalized capitalism thing all figured out.
They are screwed as soon as their workers discover the concept of unions.
-------------------- Just another spore in the wind.
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Baby_Hitler
Errorist




Registered: 03/06/02
Posts: 27,660
Loc: To the limit!
Last seen: 7 hours, 46 minutes
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Seuss]
#13835742 - 01/23/11 07:25 AM (13 years, 3 months ago) |
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THATS'A SOSHARIZAM!!! \
-------------------- This space for rent
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afoaf
CEO DBK?



Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Earth Child]
#13837983 - 01/23/11 05:08 PM (13 years, 3 months ago) |
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China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
-------------------- All I know is The Growery is a place where losers who get banned here go.
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: zorbman]
#13841163 - 01/24/11 09:12 AM (13 years, 3 months ago) |
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Quote:
zorbman said: In the long run we need them more than they need us.
bull shit.
In the "long run" we can feed our people they cant.
Them belly full, but we hungry; A hungry mob is a angry mob.
Bob Marley-Them belly full(but we hungry)
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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Kinko
Stranger



Registered: 01/07/11
Posts: 3,024
Last seen: 8 months, 15 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: afoaf]
#13841176 - 01/24/11 09:18 AM (13 years, 3 months ago) |
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Quote:
afoaf said: China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
chinas economy is growing 10% per year
USAs economy is growing 1.3% per year.
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Kinko
Stranger



Registered: 01/07/11
Posts: 3,024
Last seen: 8 months, 15 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: lonestar2004]
#13841181 - 01/24/11 09:19 AM (13 years, 3 months ago) |
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Quote:
lonestar2004 said:
Quote:
zorbman said: In the long run we need them more than they need us.
bull shit.
In the "long run" we can feed our people they cant.
Them belly full, but we hungry; A hungry mob is a angry mob.
Bob Marley-Them belly full(but we hungry)
do you still think obama was born in Kenya?
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13841219 - 01/24/11 09:32 AM (13 years, 3 months ago) |
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Quote:
Kinko said:
Quote:
afoaf said: China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
chinas economy is growing 10% per year
USAs economy is growing 1.3% per year.
You don know that those commie bastards can claim whatever % number they want!
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13841243 - 01/24/11 09:43 AM (13 years, 3 months ago) |
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Quote:
Kinko said:
Quote:
lonestar2004 said:
Quote:
zorbman said: In the long run we need them more than they need us.
bull shit.
In the "long run" we can feed our people they cant.
Them belly full, but we hungry; A hungry mob is a angry mob.
Bob Marley-Them belly full(but we hungry)
do you still think obama was born in Kenya?

And im not alone!
The numbers of those wondering where Obama was born keep growing and growing.
In this recent CNN Poll only 42% of respondents say Obama was definitely born in the United States
58% are not sure where he was born!
http://i2.cdn.turner.com/cnn/2010/images/08/04/rel10k1a.pdf
And that poll is about 3 months old and before the new Governor of Hawaii opened his big fat mouth!
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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afoaf
CEO DBK?



Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13843792 - 01/24/11 06:41 PM (13 years, 3 months ago) |
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That growth is entirely premised upon a housing bubble beyond imagination.
The state usurps land, sells it at favorable prices to major developers, they build real estate and they use the speculative price bidding of that property to fund their *growth*.
This problem is compounded by imperfect, state-defined numbers and analysis.
It is not a tenable formula for sustained growth.
There is a massive market surplus with millions and millions of vacant properties.
-------------------- All I know is The Growery is a place where losers who get banned here go.
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johnm214


Registered: 05/31/07
Posts: 17,582
Loc: Americas
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: afoaf]
#13843926 - 01/24/11 07:06 PM (13 years, 3 months ago) |
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Quote:
afoaf said:
This problem is compounded by imperfect, state-defined numbers and analysis.
It is not a tenable formula for sustained growth.
There is a massive market surplus with millions and millions of vacant properties.
Wait, you mean central economic planning has some drawbacks? I read in my state news that our great people's leaders were infallible and were carefully handling these markets with their unparalleled skill and genius to mold the perfect worker's paradise!
I mean, surely, centrally planned economies have never encountered any problems before, right? Certainly not in China- the worker's paradise?
AFOAF!!!!
How's things?  You should post more
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Kinko
Stranger



Registered: 01/07/11
Posts: 3,024
Last seen: 8 months, 15 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: lonestar2004]
#13844591 - 01/24/11 09:02 PM (13 years, 3 months ago) |
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Quote:
lonestar2004 said:
Quote:
Kinko said:
Quote:
afoaf said: China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
chinas economy is growing 10% per year
USAs economy is growing 1.3% per year.
You don know that those commie bastards can claim whatever % number they want!
saw it on CNN.
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FocusHawaii
Keeper of theMagic Garden

Registered: 12/27/02
Posts: 1,013
Loc: Canada
Last seen: 12 years, 8 months
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13845838 - 01/25/11 01:09 AM (13 years, 3 months ago) |
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Quote:
Kinko said:
Quote:
afoaf said: China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
chinas economy is growing 10% per year
USAs economy is growing 1.3% per year.
Sure, China's GDP is growing at a faster rate than the US but that doesn't mean it's economy is larger. For instance, say the US has a GDP of 10 at 1% growth it then follows that next year their GDP will be 11. Now, say China has a GDP of 2 but at 100% growth so next years GDP will be 4. In this example we can see that even though China's rate of growth is 100 times greater than the US, it's overall GDP is only about 1/3 that of the US. Of course, eventually at these rates China's economy would overtake the US, but I think that's about 20 years off and who knows what will happen in that time.
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Kinko
Stranger



Registered: 01/07/11
Posts: 3,024
Last seen: 8 months, 15 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: FocusHawaii]
#13845855 - 01/25/11 01:13 AM (13 years, 3 months ago) |
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Quote:
FocusHawaii said:
Quote:
Kinko said:
Quote:
afoaf said: China's economy is a fraction of ours, despite their large population.
China cannot feed itself. It will continue to be dependent upon the bread belt to mollify dissent.
Check out the Chinese ghost cities and the Jim Chanos'eses of the world shorting their economy; They have their own massive housing bubble that has been the main driver of what growth they have been able to achieve.
Their intellectual property rights are garbage, they are nothing more than a nationalized media pirating enterprise with manufacturing capabilities. Hopefully backlash at home will bring that work back to North America (or even SA, for that matter)
chinas economy is growing 10% per year
USAs economy is growing 1.3% per year.
Sure, China's GDP is growing at a faster rate than the US but that doesn't mean it's economy is larger. For instance, say the US has a GDP of 10 at 1% growth it then follows that next year their GDP will be 11. Now, say China has a GDP of 2 but at 100% growth so next years GDP will be 4. In this example we can see that even though China's rate of growth is 100 times greater than the US, it's overall GDP is only about 1/3 that of the US. Of course, eventually at these rates China's economy would overtake the US, but I think that's about 20 years off and who knows what will happen in that time.
in 20 years there will be no US
CHina will dominate everything
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13846349 - 01/25/11 06:59 AM (13 years, 3 months ago) |
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Quote:
Kinko said: in 20 years there will be no US
China will dominate everything
man you so funny! when i was a kid we were all
The Vapors
Turning Japanese

this is how I see this "Global reset" playing out.
and it damn sure ain't going to end with all of us speaking MANDARIN!
(could start today, next year, or in a decade)
right now America is printing money like some third world banana republican in south american. WE ARE EXPORTING INFLATION ALL OVER THE WORLD!
food riots have begun in Africa and the middle east.
eventually China will implode with lots of blood shed.
many people will starve to death in Africa and the middle east.
this will move rapidly from the far east to the west.
the European union will collapse.
all the ships bringing plastic dog shit to american will stop, walmart shelves will be empty and there will be mass hysteria!
LOTS OF CULLING OF THE SHEEP
with in just a few short weeks of the reset the global economy will start over again and we will be good to go for at least another 40 years.
thats my best case scenario.
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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ScavengerType


Registered: 01/24/08
Posts: 5,784
Loc: The North
Last seen: 10 years, 6 months
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: lonestar2004]
#13848275 - 01/25/11 02:19 PM (13 years, 3 months ago) |
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I think the US should try to negotiate a shift off the USD to the Yuan in order to maintain economic stability, it's in their best interest because they can get concessions like debt forgiveness.
It's been known for years that china has enough USD to prompt a run on it. I'll bet they are working on plans to start a run and secretly buy up a majority of the USDs on the international market. In the event of a run the only other issue would be OPEC, likely they would ditch the USD the day it happened. The EU hates the idea of loosing control of it's monetary supply and doesn't want to invite the volatility of being the OPEC currency. It would not be difficult for china to assume this role at all. Who else is going to try to become the global reserve currency? Russia? India? This would be a much worse scenario for the USA and indeed the world than a simple negotiation of the matter.
OPEC and other countries have wanted to bail on the USD for a while now because of it's instability and inability to export (bring it's dollars home). This is the central problem at the heart of the situation here in the first place.
-------------------- "Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?" "The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything." - Author and former M6/M5 agent John le Carré on Democracy Now. Conquer's Club
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Kinko
Stranger



Registered: 01/07/11
Posts: 3,024
Last seen: 8 months, 15 days
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: lonestar2004]
#13848310 - 01/25/11 02:23 PM (13 years, 3 months ago) |
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: ScavengerType]
#13849984 - 01/25/11 07:32 PM (13 years, 3 months ago) |
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Quote:
ScavengerType said: I think the US should try to negotiate a shift off the USD to the Yuan in order to maintain economic stability, it's in their best interest because they can get concessions like debt forgiveness.
It's been known for years that china has enough USD to prompt a run on it. I'll bet they are working on plans to start a run and secretly buy up a majority of the USDs on the international market. In the event of a run the only other issue would be OPEC, likely they would ditch the USD the day it happened. The EU hates the idea of loosing control of it's monetary supply and doesn't want to invite the volatility of being the OPEC currency. It would not be difficult for china to assume this role at all. Who else is going to try to become the global reserve currency? Russia? India? This would be a much worse scenario for the USA and indeed the world than a simple negotiation of the matter.
OPEC and other countries have wanted to bail on the USD for a while now because of it's instability and inability to export (bring it's dollars home). This is the central problem at the heart of the situation here in the first place.
they ALL "hate" the USA and its currency but unfortunately when it all goes to shit and they have to call 911 we are the only ones that will eventually answer the call...
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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lonestar2004
Live to party,work to affordit.



Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 13 years, 1 month
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: Kinko]
#13850093 - 01/25/11 07:50 PM (13 years, 3 months ago) |
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-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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ScavengerType


Registered: 01/24/08
Posts: 5,784
Loc: The North
Last seen: 10 years, 6 months
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Re: China's $5,000,000,000,000 (trillion) surplus economy [Re: lonestar2004]
#13850595 - 01/25/11 08:53 PM (13 years, 3 months ago) |
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Quote:
lonestar2004 said: they ALL "hate" the USA and its currency but unfortunately when it all goes to shit and they have to call 911 we are the only ones that will eventually answer the call...
I don't think that the majority of the countries that hold influence over the USD are calling them when they have troubles. I think a lot of nations have made clear a declining faith in the USD to hold it's value into the future. This is nothing to do with hating the US, and more to do with them wanting not loose out holding/using an unstable dollar.
-------------------- "Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?" "The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything." - Author and former M6/M5 agent John le Carré on Democracy Now. Conquer's Club
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