Might want to rethink that idea of not buying our T-Bills big boy. We are joined at the hip now, for better or worse.
God help us all.
Just what the world needs, 10s of millions of angry Chinese men who are out of work. What is their government going to do to redirect their rage?
They have had a small taste of the benefits of capitalism. All the propaganda on earth can’t take that away. They’ll need to start a war to redirect this aggression.
Well well. Another episode of ‘How The Global World Turns’ under utopia. Any word on more floating Monks?
“......left millions jobless and set off a wave of violent unrest in the country.”
Soon to come to the USA.
For years, I’ve said, that China’s bottleneck to more leverage in the world was their lack of a substantial deep-water navy.
They have the numbers, but their means of getting them around is quite limited. Still more-or-less true.
I also said that China’s greatest threat to the world would be if they opened their borders and let them all go.
I can’t imagine the humanitarian crisis this would bring to the region and the world - but what will happen when they can’t feed them any more?
Things that make you go “hmmm”.
Is this a 6 months out crisis for the United States?
And how does the buy American spark 0bama has/had play into international trade in events like this?
Hey, protesters, just don’t stand in front of a tank. Ged’it?
I guess have a religion to believe is healthy for most westers, and the biggest religion here is the “China collapse” religion, LOL.
And talking about export collapse? I think you guys need a nice reality checker:
Growth rate of export: (Nov, 2008-Dec, 2008)
China -2.2%, -2.8%
India -12%, no data
Germany -10%, -11%
Japan -27%, -35%
Korea -17%, -18%
As for US’s export, is likey to be around -20%, according to this:
http://www.lloydslist.com/ll/news/container-traffic-through-la-long-beach-collapses/20017608807.htm
So if you guys prefer using the word “collapse” to describe China’s economy/export, etc, then you need to invent a new word to describe your own economy.
Truth hurts.
Mean while in America, workers must be notified 60 days in advance of layoff so they can sabotage the products and equipment before they leave.
They put a real high value on social stability over there. I don’t think there’s an upper limit to the number of individuals they’d kill to insure stability. :(
That’s if I believe this story at all.
Somebody who had known the taste of a middle-class life for the last few years, with good food, clothes, warm apartment, etc, who is now faced with the possibility of having to plant rice in a swampy field fertilized with human excrement, is not going to face his fate stoically. He's going to be damn pissed off.
Know how the Chinese government will control this? They’ll blame the USA and the peasants will believe it. Ya reap what ya sow, and China is going to cost us plenty for our cheap labor experiment.
Same article but longer from the Times of London: http://business.timesonline.co.uk/tol/business/economics/article5627687.ece