Put it this way. China has a simpler financial system and a tougher regulator than the US. They also did not leverage to the hilt as western nations were, bringing on the collapse.
You are thanking the wrong entity. You should be thanking the Republican neo-commies for consciously bankrupting America. The Fed does what the neo-commie buffoons wanted. 1. for their 3 decades of quagmires 2. increased govt. spending based on borrowed money 3. Increased illegal immigrants to work in the farms and meat plants of their corporate donors 4. Exporting jobs using scams like NAFTA 5. Increasing H1B to take away jobs from qualified Americans. 6. Massive levels of deficit spending If an individual American continuously fought with his neighbors and wrote checks from an empty bank account, he'd be inside one of the high security jails run by republican donors. Now the activist neo-commies in the Supreme Court allow their foreign corporate donors to buy up American democracy. Or what's left of it. neo-commies should all be in jail. not voting.
krazykarl is an example of fine US education system as soon as the guy opens his mouth, you can see the writing "I finished only high school in Montana"
There is a reason why Chinese financial system is simpler Their government controls money supply (currency printing) where as USA outsourced that job to Private international Bankers in 1913 - THE FED US congress lost the power to issue debt free currency
it's interesting as i remembered a military analyst once telling me that if we started a tit for tat nuclear game with China, we would probably come off the worse,that is if we did not throw the world into flames first. He said that while 80% of America's population lived in urban areas, only 40-50% of China's population did so. As you can imagine, in a nuclear holocaust, urban areas are toast. The geography of China is also incredibly mountainous,2/3's of the country are basically rough mountain terrains, it is hard to knock them out when they can hide in these areas. A totally unrelated fact is that while China has much less arable land than India, it has a higher agricultural productivity, LOL fucked up
The NPC's own numbers show debt at the federal level approaching half a trillion USD, or roughly 25% of GDP. In addition to that, is all the debt accumulated at the regional level, over which the central planners have had surprisingly little control due to a number of regulatory loopholes and a high level of semi-sanctioned corruption. The combined federal/"state" debt in China is around 60% of GDP Thanks for the advice.
For some reason this makes me think of the old quote "if you owe the bank 10 dollars they own you, if you owe the bank 10 million you own the bank"
Have you guys not heard? The German's have broken the speed of light. Pretty soon we'll be teleporting from place to place while the Chinese are still building that bridge http://www.telegraph.co.uk/science/science-news/3303699/We-have-broken-speed-of-light.html