Posted on 09/13/2013 8:40:24 AM PDT by expat_panama
It seemed like their growth was unstoppable... With a billion-person strong workforce and a vast quantity of resources at their bidding, China seems like an economic powerhouse... One that could overtake even the U.S. economy. It was an unseemly miracle — from a poor dictatorship to one of the fastest-growing capitalist systems in the world. But all is not well in the Middle Kingdom... Corruption. A massive housing bubble. A barrage of bad loans. Things are not looking good for China's economic future. Are we witnessing the end of a Chinese era, or is this just a bump in the road to world dominance? [snip]
(Excerpt) Read more at wealthdaily.com ...
Seems like the full report is some kind of promo for WealthDaily. I’m not sure what the cost/obligation is.
I see you’re spreading the weekly “Oh woe is China” propaganda.
How many years have we heard that China was about to crash?
This is pure propaganda to keep the U.S. and other countries from retaliating for China’s trade policies.
I see you’re spreading the weekly “Oh woe is China” propaganda.
How many years have we heard that China was about to crash?
This is pure propaganda to keep the U.S. and other countries from retaliating for China’s trade policies.
I think I see a “China’s Economy About To Collapse” article about every two weeks. In between those two weeks are article about how China’s economy is doing better than anyone expected... and then the price of crude jumps.
All I can say to this is that mega-rich Jim Rogers, still an American citizen, calls Singapore his home. He has two daughters that he insists on learning to speak Mandarin Chinese fluently, along with English. They will be educated in either Mainland China or Singapore (not sure which).
Point being he can live and raise his kids anywhere in the world he wants. He chose Singapore and is steadfast on China emerging as THE global superpower this entire century, although he expects many setbacks to occur during the interim.
He is not so bullish on the United States.
I'm sure you know Rogers is no slouch in the area of finance and investments.
Ah, sorry. If I’d only posted something about how China was free from corruption, stable markets, solid credit, excellent future prospects, then you’d be happy with me.
Fascinating! Am finding that Rogers is part of the Soros/Buffet gang.
That's what I've been seeing too, but the thing is that both kinds of articles can be true. The feeling is sort of like watching a drunk driver making it home w/o killing everyone.
Seriously, China has put out this crap every week for years.
And it’s simply not true. They will continue growing as long as we continue off-shoring our industries to them.
Seriously, China has put out this crap every week for years.
And it’s simply not true. They will continue growing as long as we continue off-shoring our industries to them.
That sounds crazy. Me and the people I don't would never think of anything so stupid, how come y'all do that?
We've got stupid government rules, that not only make it legal, they actually provide incentives.
And if your competition does it first, you're out of business. So you really have no choice but to off-shore if you want to stay in business.
Government needs to change the rules buy raising the import tariffs.
We've got stupid government rules, that not only make it legal, they actually provide incentives.
And if your competition does it first, you're out of business. So you really have no choice but to off-shore if you want to stay in business.
Government needs to change the rules buy raising the import tariffs.
I got lots of choices so I'm not sure who you mean is doing what. Let's be specific. Lot's of people on these threads buy gold and tell others to. China's the world's largest gold producer. Are those the guys you mean?
Government needs to change the rules buy raising the import tariffs.
Half of our imports is oil. What, you want oil taxed and have the cost of gasoline double?
Don't know if the split was amicable or not but my impression is that Jim Rogers is not cut from the same cloth as George Soros, meaning that while Soros would like nothing better than to bury America, JR has no ax to grind with the U.S. at all. He simply believes the American empire has seen its day. China is the next empire and he's preparing accordingly.
As far as any alliance with Buffett, I'm not aware of any. But it wouldn't totally surprise me if there was.
I'm talking manufacturing.
Gold is a commodity, but China pretty much sets the price, because as the largest producer they can influence the supply. Anybody thinking we should go back to the archaic gold standard should think long and hard about that.
"Half of our imports is oil. What, you want oil taxed and have the cost of gasoline double?"
No half of our imports in not oil. Silly expat. Oil is 17% of our total imports. You're back to practicing that bad math and this time you've confused total imports with trade deficits. But oil and petroleum products when you include exports as you should is only 26% of our total trade deficit.
Once again, you're trying to distract from the real issue by bringing oil, instead of manufactured goods.
** Although being self-reliant on energy would be a good thing and 17-26% is not peanuts, so it would be a definite improvement.
OK, half our trade deficit is oil. Question's still unanswered as to whether you want the price of gasoline to double. I can understand your avoiding the serious difficult disastrous consequences that you must know are there. I'll leave you to your avoidance.
Cheers.
I’ve told you three times now that chart is not valid. It’s taking oil imports, ignoring the petroleum exports and comparing to a trade deficit that is made up of both import AND exports.
You just don’t get math. So you shouldn’t be commenting on anything economic.
The Chinese imports are larger than the oil imports so combining them together and using your stupid math, you’d have >100% of the trade deficit. Without exports it’s apples and oranges. Using expat math if oil is 50% of trade deficit, then Chinese imports are 60% of the trade deficit. It don’t make sense. Stop using math you don’t understand.
Imports by product or country should be compared to Total Imports. The trade deficit for a product or country can be compared to to the total trade deficit. But it’s nonsense to compare a product imports to the total trade deficit.
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