Posted on 03/29/2006 7:32:56 PM PST by buglemanster
It is probably the most remarkably foolish circumstance that I can recall: for a great free country to indebt itself so massively to the world's largest totalitarian state.
ping
Oh for crying out loud. Doom and gloom. Snap out of it, man.
For years the Chinese have shipped us televisions, VCRs, DVD players, and enough cheap household items and clothing to fuel the greatest boom in consumerism in human history.
In exchange we gave them IOUs.
ha ha ha ha.
Stupid Chinese. Didn't they learn from the japs?
Anyway, isn't is nice that right now they hold the largest stake in the currency exchange.... when the price of GOLD is going through the roof.
Lighten up dude. I'm ain't worried.
heck, I'm laughing at them, here.
Like a wiseman used to say: If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem.
*J. Paul Getty
Forex?....at first I thought he was talking about rubbers and it was just a typo
The money Chinese companies have is the result of free trade. US companies bought their stuff, marked it up and sold it to Americans. What's the problem ?
How massively are we indebted to China?
We are indebted to the Chinese and the rest of the world, because we need them to keep buying our treasury bills to finance our ever growing federal deficit.
If they ever stop buying, our interest rates will go through the roof. Then, watch out; US and world economic recession.
Indeed, and going further in debt by the day. It very well could mean we have already lost the war to China, before most even knew it had begun.
That they are using to buy US companies, not US products.
The Japanese bought US companies too and real estate like Rockefeller Center. They got shafted.
Japan and China couldn't hardly be more dissimilar. One is a small island, the other one of the largest countries in the world, including the largest population. One is capitalistic, one is communistic. The Chinese can shuffle money around between their business fronts and target whatever industries of ours they like. And it obviously won't be real estate, most of them couldn't leave their country to come here if they wanted to.
The ironic thing is that we even have a multibillion dollar debt to Russia.
Leaving the country is not a problem, everyone can leave. China is not North Korea. The hard part is in getting past American immigration, since there is an immigration quota on every nation (except Mexico it appears).
It's not just a matter of communism or capitalism that makes China more threatening. Communism doesn't work and is inefficient; if China were truly communist, you have nothing to worry about (see USSR).
The real issue is that the Chinese corporate model is radically different from the Japanese. The Japanese system is practically life-term (salaryman) and also top-down bureaucratic; the Chinese system has high turnover and a decentralized parallel management structure. In other words, the Chinese system is more American and more versatile. What this means is that in micro terms, the Chinese system is extremely capitalistic (no welfare state at all), but in macro terms it's also very state-oriented.
Japan isn't becomeing a desert, China is.
Not sure what to make of that news but the fact that a nation where only 7% of the land feeds the nation is in big trouble if desertification is true.
http://www.gluckman.com/ChinaDesert.html
Ping to more propaganda posted by ChiCom troll gogoman/ckwilliams/buglemanster
"The hard part is in getting past American immigration, since there is an immigration quota on every nation (except Mexico it appears). "
Evidently its not too hard. Illegal immigrants from Asia represent 13% of the total.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.