China Smina...that's all I hear all day long on CNBC. China has a smaller economy than Italy. A huge % of bank loans in China will never be repaid due to the natural corruption of the Communists over there. Biggest banking crises in the world awaits. The one-child policy will eventually totally fuck up their demographics as they'll be too few young people supporting too many old people. You don't have to be a genius or economic superpower to make umbrellas, stickers, gum, etc. "Showcases" like Shanghai, can't hide the fact that 99% looks like America in 1800. The American debt they hold is not worth the paper its printed on. Communists and command and control wannabe communist politicians will always fuck things up in every way...evenually. can't think of anything else but if you look at the facts instead of the propaganda in the mass media China is a paper dragon and America is a paper tiger - and the two are in bed with one another
Much of their growth is due to foreign direct investment. Not much organic growth occuring, also not much home grown entrepenurship.
But seriously though, I think China's desire for increasing power and dominance is a big threat.. and our (America's) economic and political policy of disregard makes me nervous. Edit In: TGregg, gonna move this to chit-chat too? Just kidding.
I suggest you start smoking, or snorting...whatever floats your boat cause you sound like you've been takin in by the hype. Its just so tiring to hear China mentioned 1000 times a day on CNBC, the facts don't support the hype.
Lets say you're right, and they are eventually messed up. The problem is the S&P 500 are taking manufacturing, accounting & software jobs over to both China and India, and screwing our country NOW. America will be like Brazil before China has demographic problems, so it won't matter to us.
Quote from yeayo: China Smina...that's all I hear all day long on CNBC. 1.Stop watching that crap and start watching the market! China has a smaller economy than Italy. 2. Today, yes. A huge % of bank loans in China will never be repaid due to the natural corruption of the Communists over there. Biggest banking crises in the world awaits. 3. And how does that differ from a)Japan's corporate funding via MITI in the 80's, b)PBGC & S&L bailouts in the USA, c) writing off 3rd world debt? If the other bank loans DO get paid off and the good loans outweigh the bad, who cares? Not like the renmibi is freely exchangable anyway. The one-child policy will eventually totally fuck up their demographics as they'll be too few young people supporting too many old people. 4. We'll all be dead by then. You don't have to be a genius or economic superpower to make umbrellas, stickers, gum, etc. 5. No, you just have to have such a superabundance of human capital that its cheaper to make them by hand instead of by machine. Who said that the cultural revolution & 'great leap forward' were dead? "Showcases" like Shanghai, can't hide the fact that 99% looks like America in 1800. 6. Go visit Miami, Puerto Rico, rural Louisiana, or other rural ghettos in the states. Things there aren't much different than in the 1950's either. The American debt they hold is not worth the paper its printed on. 7. And your point is? Communists and command and control wannabe communist politicians will always fuck things up in every way...evenually. can't think of anything else but if you look at the facts instead of the propaganda in the mass media China is a paper dragon and America is a paper tiger - and the two are in bed with one another 8. And your point is?
so it is china's fault that crappy american tabloid journalism has nothing better to report about other than china and the missing girl in aruba?