China Is Not America's Banker

[GloriaChanYoungPark]

totally bs

[shotsky94]

It amazes me that a conservative think tank could actually publish this nonsense. Has this guy ever read henry hazlitt econ in one lesson. What good is jobs if they cant enjoy the fruits of the labor. I mean, do you think that chinese guy working 12hrs a day making washing machinel;dont you think he'd actually want one of those, instead of working low wages to feed us more crap we cant afford..so they loan us the money to buy stuff and they make the stuff.yup they have no choice but to be idiots

[luizcadu]

Yes, keep fooling yourself America...

[iiiiTiger]

What a fool! I really hope people don't actually buy this crap!

[Iguana1138]

@iiiiTiger What's your opinion on the matter? Where is he wrong?

[jimberkt]

Couldnt the chinese dump the bonds and make them worthless? Sure it would hurt china but not as much as the US. 

[deltapunk21]

this guys is flat out wrong on all counts atypical dumassery all the way those dollars worthless as they are are sued to pump prices and create more debt yes they are our banker and own us lock stock and barrel thanks to clinton and obama

[danpt2000]

Actually, Japan owes a larger percentage of US foreign debt than China.

[deltapunk21]

@danpt2000 bingo bingo Fact is Japan and taiwain etc are tryign to prop us up too because if we fall which we still are and ar ein the process of doing no more us military to protect them from china

[stealthpakfa]

china IS americas banker and this derek scissors guy cannot handle the fact that china is beating america at everything.

american propaganda machine at work here.

[deltapunk21]

@stealthpakfa china is not beating us at anything The wealth creators are Taiwan SK and Japan and the rest of asia China has hollowed out the us economy we shipped it overseas and the world gives us their savings to buy their goods and the load up on dolalrs to give us money to consume their shit multiple pressures along with traditional currency inflation killed our manufacturing under clinton which that fat criminal and traitor admits. Him Rubin and the goldmansacks are responsible kill them

[efg36]

No, the Fed is.

[olnappy]

Every time facts arise some fool comes along to further fuel the denial factors. Come on man, China funds the wars this country fights among many other things, who are you trying to fool?

[Sleeko11]

No, china is not America's banker. It's America's ( and the rest of the world) robber baron.

[deltapunk21]

@Sleeko11 it enslaves its own people they consume nothing absolutley nothign they produce it undercuts own labor and producer economy and everyone else gets us drunk and rapes us and hollows out the real economy sets us up agaisnt the wall all so when we fall its even harder after forcing us to do funnels all night with Obama and Clinton holding us up and the goldman sachs watching the door. Then they broomstick us in the ass

[DPat6590]

I hope hes right, anout how china needs us more than we need them.

[deltapunk21]

@DPat6590 they will stop sending us goods allow their currency to rise and consume their own goods and no chian produces nothing its the rest of asia that produces the tvs and computers and good stuff chian produces shitty kitchen knives and other crap

[infokemp]

With the dollar falling in price at this rate China may want to use that big mattress. lol

We trained in economics for 7 years to be told we need a big mattress why did no one tell me about this concept before and where do we create a mattress big enough for all these dollars.

I thought the fall in the dollar was linked to an increase in the fiat money supply by the fed reserve.

How could I have been so silly it was the mattress we needed all along!

Even with my economics I could do better!

[jleungj]

You Need us, Americans...

[thenrymy]

yaya, no big deal. keep it up. china needs you more! please continue this mind set =)

[Omega3chimp]

why aren't American's  stealing oil form Iraq?

[luvmyctd]

They are

[Omega3chimp]

better be.

[stickiller14]

HackerModel11

That 1 american has the only bomb in the whole island with the datonator in he's hand 24/4 get it ......... This applies to Real world expirience

We Need Jobs

China has jobs from US

China needs some price cuts

The US has Bond Price Cuts

I dont think that China is forced to buy, but they have no other choice

We need China as China Needs us Until the US finds someone cheeper to buy goods from we are currently still in an economic crissis ........... Thanx Bush!!!

[Omega3chimp]

How about thanks Jews and religious freaks.

[mametz]

Amen to that.

[infokemp]

I would not worry about China or the US the EU is top economic dog and its going to stay that way. The Euro will soon be the reserve currency unless the IMF gets its way and we have a cyber-currency.

All those exports China makes are with European machine tools, EU nearly had to bail out GM. The US is on the down curve wake up & learn from the EU before its too late we need the US as partners.

[KaptBlasto]

It's sad to know China is in such a fix, being forced to buy bonds from US...Are they making sure that the bonds they are getting are GENUINE? If counterfeiters can phony a dollar....they can phony a physical paper bond, too. Of Course, China needs to check their Paper Dollars, too. Make sure they are getting all their instruments from LEGITAMATE SOURCES.

[HackerMode11]

7 indians and 1 american live on an island,the indiands already know how to hunt ,they don't need the fat american anymore, get it?

[efg36]

No, China is the Owner.

[mariaclarkeee]

very true!

[allostericcortiso]

LMAO. Moron. what kind of jackass expert is he??? Is spending the money a hard problem?? Hahahahaha. they spended 4trillion stumilus package on infrastructure.. they can invest more on green energy, high tech research, space expolration, education, military, buy resources from oversea, and they are just exactly doing it .

[spiritsA]

Re-watching this again, this video reminds me of Fox News.

[spiritsA]

"China can't spend the money they spend in our bond. They can't spend that money at home"

What's the rational behind this comment?

[energyismass]

To bad China now wants to be paid in thier own currency now. Bet you guys didn't see that one coming. China just holds a Trillion worth, the second the rumbling of a crashing economy here in America, they will bail and try to cash out putting the final nail in the coffin as to say as far as our oncoming 2nd Depression taking permanent root. Cheap chinese crap, big business sold you, kills us slowly. Now we have chinese drywall the next huricane in realestate..... nice job guys......

[Entropy137]

This guy is a typical Keynesian dog.

[dave777blaster]

He wants you to believe that BS

It can just dump them on the currency market

at any time

here is the real plan

bankrupt USA so the dollar is worth next to nothing run the printing presses night and day and pay China with monopoly money

then form the North American Union

bring out a gold backed currency and the world will get in line to use our currency.

that guy is a stooge in a suit

[givemegurl]

God I really hate the neocons.

[prescottbill]

China is spending their surplus dollar on resource companies all over the world. They need us like a hole in the head. They will buy oil (their stratigic reserve system is five times the size of ours), they will buy mining companies, they will buy other countries debt to have more control and influance. This guy is hitting the pipe too often.

[Truthpolice9698]

The comments below are some of the most ignorant comments I have ever seen.

God help the USA these idiots vote.

[Michael1986m]

lol wtf did he say? he thinks we are all stupid...??

[inspi]

How about providing facts rather than blanket statements like "China has to."

[kyebean]

Seriously, if I talk fast and authoritatively what I'm saying must be true. This is the most ridiculous argument I've ever heard, they can't spend money on anything but US bonds for technical reasons. Nice propaganda.

[Iguana1138]

@kyebean Please elaborate on the ideas that you are promoting, the guy in the video explains his veiwpoint. You haven't even mentioned one yet, where is he wrong?

[kyebean]

@Iguana1138 My viewpoint is that he's wrong. Where's your viewpoint, Mr. Viewpoint? As I said, stating that China can't invest in anything other than US treasury for "tekimacal reasonings" (biggest BS catchphrase in the history of BS) is just downright stupid, pathetic, and most importantly: fractally wrong.

[Iguana1138]

@kyebean My viewpoint is expressed in the video, if you say he is wrong, then what is CORRECT? And when did fractals come into play? or are you so high right now that you typed fractal instead of factual? Why do you support the viewpoint that he is wrong? Inquiring minds want to know.

[kyebean]

@Iguana1138 Yes, I'm high on the stupidity of this video, it's a dense doobie indeed. If I said babies don't come from wombs silly, they are parachuted out of the sky by the easter bunny for technical reasons, would you start explaining human reproduction to me, or would you just say "fuck you idiot, you are dead wrong". As to "fractally wrong" google is your friend, hell, go to fractallywrong(dot)com if google is too complex for you. Money is money and it buys anything from hookers to bonds.

[Iguana1138]

@kyebean Your right, you have lived in a country that has capitalism, where money is money. You have never lived in a communist nation, where you are told what you can and can not buy. Therefore, you are ignorant and are in desperate need of education as to what is going on in the real world. The world doesn't work the same all over the planet, and Capitalism and Human Rights are definitely not the same.

[kyebean]

@Iguana1138 We're talking about the Chinese government, not Chinese citizens, they make the rules, they don't follow them. Also, China is fast becoming more capitalized, that is the reason for their rapid economic growth. Maybe read a book that was written after Vietnam.

[Iguana1138]

@kyebean LOL, yeah we are talking about the Chinese government, who isn't capitalist as of right now. And if you would actually pull your head out of your ass you might realize that I was born after vietnam and that a person such as me has worked in Wuhan, Hubei as TEFL instructor. But then again, people like you are just retarded and make assumptions about everything, thereby proving your complete and total ignorance on any subject matter through your prejudice.

[kyebean]

@Iguana1138 The Chinese government IS NOT "told what they can and cannot buy". Is that really your argument, or do you just what to continue with your petty insults and false claims of authority?

[Iguana1138]

@kyebean Well, so far you haven't offered anything new to the discussion, or anything to back up your assertion that the veiwpoint expressed in the video is wrong. Now any petty insults that I might have slung might have been in response to you telling me to read a book written after Vietnam which implies a level of ignorance. Petty insults being slung are definitely your forte.

[kyebean]

@Iguana1138 answer the fucking question.

[maxdam]

nice piece of US propanda. china is in fact now creating jobs internally such as through mass infrastructure buildouts, thier version of the new deal.

[deltapunk21]

@maxdam and those jobs are worthless and produce nothing the fact Chiona doens't creat any jobs in this convulted ponzi scheme we destroyed our own currency they artificially depress ours to get us high on their opium it purges our manufacturing from us and producer economy aka real economy and we close shop send the rest over that isn't totally bankrupt over to them. And no it doesn't create jobs, these marxist asshats dont care don't need us, they are fucking us blind

[stealthpakfa]

@deltapunk21

china can live without the US,thats why they are growing fast while america is growing so slow. chinese domestic consumption is now driving the chinese economy. chinese net exports are sluggish but its domestic consumption is very strong.

there is no longer that codependency that existed pre-crisis.

things have changed, just ask all the US multinationals where their main revenues are coming from post-crisis, all will say the chinese consumer is the new driver for the global economy

[marcusyuguang]

@stealthpakfa

lol, correction: US economy isn't growing at all. it's all an illusion made by vigorously printing out more money.

[christmanpunch]

I think we made a huge huge mistake by opening up a free trade agreement with China. I fully support free trade but the plan to open up China politically through economic growth hasn't worked at all. In fact it only increased the influence of the communist party. People now think the best way to economically develope their country is through the communist leadership. And they could care less about human rights abuses and the environment. We should only do free trade with DEMOCRATIC nations.

[christmanpunch]

We've also signed our own death warrant by helping the Chinese economy boom. They're now projected to become the richest and therefore the most powerful country in the world in as little as 50 years. That will only mean the demise of the United States just like what happened to the British with the rise of America. China is not our friend. They're a facist communist country. We should be doing everything we can to WEAKEN them. Not help them. Why are we helping our future enemy become stronger?

[4rcane]

Heritage argument is a bit different to the Austraian School of Economics version which is that China don't need the US

[bertly71]

China made 641 billion in interest on our debt they own. Why not buy?

[truthsabre7]

China is buying gold mines and oil reserves.

[Uroshnor]

Wow, this is the first video from the Heritage Foundation that I actually agree with.

[aesopstruth]

This helps explain the situation between the two countries

[conservativeco]

Good positive message! Not only that, but we are building on a national debt and deficut by doing this. The projected dephicut is projected to skyrocket and we give 62 billion in bonuses to foriegn countries versus only 44 billion to ourselves? And the libs are whining about a 165 milion bonus to AIG.

[ninanwk69]

Wait until the inflation hits us!

[conservativeco]

Oh I could go on with so much more. How about the fact that Iran will have enough uranium to make a nuclear weapon this year? Or, if you want to talk about corruption, look at Charlie Rangel or David Odgen, these guys are a million times worse than AIG.

[ninanwk69]

I know them all very well. I could tell you more......