Good thing China does not spy on the US. Wait, haven't they been caught many times stealing US military technology? O well, so much for your theory
Yes I agree, I also understand what they said. They (JC Trichet, Axel Weber and that other moron Juergen Stark) will stand by idle again for another 5-6 months while talking tough how they don't want to fall into a liquidity trap, waiting for clear signs that their European export economy falls apart completely as global demand for cars and machinery falls off a cliff and then do their usual round of panic cuts after the fact. Incompetence. And regarding commodity prices during the summer. We can all speculate how much of that speculative bubble was driven by dumbass ECB members talking about "worrisome commodity inflation" instead of "increased risks to growth". Whenever Stark or Weber were on the wire with their Bundesbank inflation paranoia EUR and CL jumped a handle or two like clockwork, creating a self-reinforcing feedback-loop.
China and India are responsible for "global financial crisis 2008" which includes "Food crisis + Oil crisis + Metals crisis + Commodity crisis + Real estate crisis + all products crisis" Food, Oil & Commodity prices have been highest-ever in 2008 because of China & India with 2.5 billion people developing rapidly & getting rich. So demand for all the products was highest in 2008 which led to sky-high prices of all Worldly products. Remember the basic worldly rule-: Demand and Supply. Real estate price is Sky-high in Mega-cities such as New York, Tokyo, Shanghai, Bejing, Mumbai, Moscow. But Real estate price in rural areas (villages) are rock bottom. Population in Mega-cities is Sky-high and in Rural areas population is Low. "Mortgage crisis" was a result of sky-high real estate prices which further led to "Banking crisis" and now "Car-makers crisis"
it's almost as though you cant give another country absolute power over you, without it going bad i think this is the first time this has ever happened perot was right - globalism and debt would ruin us credit exhaustion will be the final wave printing only goes so far - like dilluting stone soup you have to have something to dillute
When a person or country gets Power, they start thinking that they are God. They can do anything they want. Power should NOT be distributed. Power should be achieved by self-work (which is very difficult. maybe impossible)
Of course China spies, half their grad students and businessmen engage in soft spying activities but they are not flying planes bristling with spy technologies up and down our coasts on a routine basis. I was responding to the poster who took umbrage that the Chinese would hold one of our spy planes after an incident occurred during one such mission. Apples and oranges, try and keep up, just kidding
It would all make more sense to you if you spent more time thinking about what you are saying rather than posting nonsense, reading a history book or two also wouldn't hurt.
US spends >>> China manufactures, grows, prospers >>> China saves the proceeds of growth >>> Chinese capital accumulated as a result of growth is split two: 1) to invest in productive assets for future growth, 2) loan to US to fund US spending >>> US spends >>> China manufactures ... The problem with the current crisis that China did not have enough time for 1) above significantly outpace 2); therefore, they have to continue to fund US spending for the process to continue for another 10 years or so. After that, they will not need US ... xplorer
Has happened over and over in history that the serving country ends up usurping the country it has been serving. Makes sense when you think about it, those in power get fat and lazy and too comfortable. The last vestige of power to go is always military power long after the economic power has diminished. You can print all the money you want and generate all the credit you want but if it is not utilized by economic activity it is for nought which is why nothing so far has worked, it has not created any economic activity.