Home › Forums › Financial Markets/Economics › china and American debt
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July 12, 2007 at 2:13 AM #9494July 12, 2007 at 5:07 AM #65373
4plexowner
Participantcan you ask your question again after American Idol is over?
I’m busy right now
July 12, 2007 at 5:07 AM #65435Participantcan you ask your question again after American Idol is over?
I’m busy right now
July 12, 2007 at 8:41 AM #65400CostaMesa
ParticipantI’m not sure of the exact phrase in Mandarin, but Americans are typically referred to (translated) as ‘white devils.’ Not sure why this isn’t more commonly known – but it’s absolutely the truth.
July 12, 2007 at 8:41 AM #65463ParticipantI’m not sure of the exact phrase in Mandarin, but Americans are typically referred to (translated) as ‘white devils.’ Not sure why this isn’t more commonly known – but it’s absolutely the truth.
July 12, 2007 at 9:46 AM #65406Alex_angel
ParticipantDoes this guy work in the whitehouse? The feds know this situation well enough. They are just overextended to do anything about it. The US will figure its way out. Too bad we had to suffer through 8 years of bush.
July 12, 2007 at 9:46 AM #65468ParticipantDoes this guy work in the whitehouse? The feds know this situation well enough. They are just overextended to do anything about it. The US will figure its way out. Too bad we had to suffer through 8 years of bush.
July 12, 2007 at 11:18 AM #65446bsrsharma
Participant“the US debit that the Chinese owns he thinks is going to be dumped within the next 15 years.”
May be or may not be; what is his rationale? They can “dump” anytime they want; I would call it redeeming their loans. Since when is it so bad? If any thing, I think they are stupid to hold on to so much $ reserves instead of spreading the risk among top dozen or so stable currencies. May be they like to keep $ strong, but that is no crime. Japan has been doing it for 50 years and is our best buddy in Asia.
“Once the middle class in those countries is built up…he believes the debit will be dumped.”
What is the connection to “middle class”? If they want strong $ to help with their exports, that is a mercantile decision not connected with internal class mobility.
” In his words…he said that the Chinese do not give a crap about Americans.”
Do you give a “crap” about Wal-mart, Costco, Dell? Then why should they?
Do the OPEC countries give a “crap about Americans”? but we buy a lot of oil from them. There is lot more Petro$ invested than Sino$. Who said you have to “Love” your merchant/customer? Business is all about mutual advantage and benefit, not emotion.
July 12, 2007 at 11:18 AM #65509Participant“the US debit that the Chinese owns he thinks is going to be dumped within the next 15 years.”
May be or may not be; what is his rationale? They can “dump” anytime they want; I would call it redeeming their loans. Since when is it so bad? If any thing, I think they are stupid to hold on to so much $ reserves instead of spreading the risk among top dozen or so stable currencies. May be they like to keep $ strong, but that is no crime. Japan has been doing it for 50 years and is our best buddy in Asia.
“Once the middle class in those countries is built up…he believes the debit will be dumped.”
What is the connection to “middle class”? If they want strong $ to help with their exports, that is a mercantile decision not connected with internal class mobility.
” In his words…he said that the Chinese do not give a crap about Americans.”
Do you give a “crap” about Wal-mart, Costco, Dell? Then why should they?
Do the OPEC countries give a “crap about Americans”? but we buy a lot of oil from them. There is lot more Petro$ invested than Sino$. Who said you have to “Love” your merchant/customer? Business is all about mutual advantage and benefit, not emotion.
July 12, 2007 at 11:28 AM #65451Anonymous
GuestThe answer is simple: The interests of the upper 0.1% are aligned with the interests of the Chinese more than the rest of the Americans.
If you have enough money, you are immune and globalized. With enough money you can live in the remaining nice places, even with catastrophic global warming.
The Chinese don’t care if they lose half or all their dollars.
They will have permanent factories, resources and especially capabilities and knowledge—thanks in significant part to US businessmen—and the US will not.
Once they can make commercial aircraft—and this is certainly going to happen soon—there will be nothing they want or need from the US—and strategic competition for resources, especially oil, means that US poverty equals Chinese prosperity.
Europe, sufficiently demilitarized and deindustrialized, will be a fantasy tourist destination and producer of luxury items for the Chinese and will not need to be directly squashed by them.
Russia, they will need for minerals and oil, and will acquiesce and appreciate their shared neo-Communist nationalisms. Japan will be intimidated and impotent. South America and Africa, deperately poor resource colonies. Mideast, a crazed hell hole, the Chinese selling weapons to the thuggiest-but-reliable oil suppliers. Chinese will smile to see those weapons turned against the US.
July 12, 2007 at 11:28 AM #65513GuestThe answer is simple: The interests of the upper 0.1% are aligned with the interests of the Chinese more than the rest of the Americans.
If you have enough money, you are immune and globalized. With enough money you can live in the remaining nice places, even with catastrophic global warming.
The Chinese don’t care if they lose half or all their dollars.
They will have permanent factories, resources and especially capabilities and knowledge—thanks in significant part to US businessmen—and the US will not.
Once they can make commercial aircraft—and this is certainly going to happen soon—there will be nothing they want or need from the US—and strategic competition for resources, especially oil, means that US poverty equals Chinese prosperity.
Europe, sufficiently demilitarized and deindustrialized, will be a fantasy tourist destination and producer of luxury items for the Chinese and will not need to be directly squashed by them.
Russia, they will need for minerals and oil, and will acquiesce and appreciate their shared neo-Communist nationalisms. Japan will be intimidated and impotent. South America and Africa, deperately poor resource colonies. Mideast, a crazed hell hole, the Chinese selling weapons to the thuggiest-but-reliable oil suppliers. Chinese will smile to see those weapons turned against the US.
July 12, 2007 at 11:51 AM #65469blue_sky
Participant“Once they can make commercial aircraft—and this is certainly going to happen soon”
Wow, you mean China might actually catch up with Brazil?
I am shocked, shocked sir!
July 12, 2007 at 11:51 AM #65531Participant“Once they can make commercial aircraft—and this is certainly going to happen soon”
Wow, you mean China might actually catch up with Brazil?
I am shocked, shocked sir!
July 12, 2007 at 11:59 AM #65471Participant“The Chinese don’t care if they lose half or all their dollars.”
Why do you think so? You seem to suggest Chinese enjoy being our slaves.
I can’t fathom your logic that it is in China’s interest that we self-destruct. It is also amusing to think that what Soviet Union couldn’t achieve in 50 years using nuclear weapons can be achieved (by China, if we believe your theory) in shorter time by dumping cheap goods.
BTW, Japanese, Europeans etc., are all building factories there. So it is not just US. To extend your logic, Japan, Europe would also self-destruct by importing cheaper goods.
Europe produces excellent aircraft; Russia produces OK aircraft. Brazil & Canada make good smaller aircraft. We don’t have a huge monopoly in aerospace.
I guess I can’t connect the dots and see any pattern. If OPEC didn’t kill us in ’70s, Soviets didn’t blow us up during Cold War, I have problem believing Wal-mart will do us in.
July 12, 2007 at 11:59 AM #65533Participant“The Chinese don’t care if they lose half or all their dollars.”
Why do you think so? You seem to suggest Chinese enjoy being our slaves.
I can’t fathom your logic that it is in China’s interest that we self-destruct. It is also amusing to think that what Soviet Union couldn’t achieve in 50 years using nuclear weapons can be achieved (by China, if we believe your theory) in shorter time by dumping cheap goods.
BTW, Japanese, Europeans etc., are all building factories there. So it is not just US. To extend your logic, Japan, Europe would also self-destruct by importing cheaper goods.
Europe produces excellent aircraft; Russia produces OK aircraft. Brazil & Canada make good smaller aircraft. We don’t have a huge monopoly in aerospace.
I guess I can’t connect the dots and see any pattern. If OPEC didn’t kill us in ’70s, Soviets didn’t blow us up during Cold War, I have problem believing Wal-mart will do us in.
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