China and the global crisis

[whereismybailouttv]

Many of the things that they're doing we do as well. Yet, our "democracy " is superior to theirs?

It all comes down to money and power.

[whereismybailouttv]

At this point, this is a silly question.

Quoting Robert Fisk: "there are no good or bad guys in governments. Only power matters." Perception also matters. There are lots of mainland Chinese people who don't want Stateside democracy. China is a sovereign state. Theyre doing what they feel is best for their population.

If you counter that with they're an 'evil dictatorship", look at what's happening in the States.

[LChinese1991]

The US is run by lazy people who lives by credits...

[saki01248]

More and more i read youar comments more and more i realise that you Americans dont know shit what is Communism,Capitalism or what is going on in China politics

[spiritsA]

China have always been portrayed as the "enemy" to the United States. Obviously, whatever the common people know about China is portrayed badly by the US media. But I actually wonder how much the US journalist working for corporate media really knew about China.

I was just watching LInktv's Global Pulse today and even they have hostile opinions about China and its 60th anniversary. Of course, they use some random Chinese names to justify that a Chinese person is commenting on behalf of them.

[saki01248]

spiritAQ what country you r originaly :) Yes but still that "democratic" states r moving jobs in that "evil communist" China and leaving yoar own people jobles.Pardon my words bit isn't that "shiting where you eat"?

[btigtime2]

Does it scare anyone to know China can go from building two million Macdonald happy meal toys to building millions of Missiles in a day thanks to Technology we gave them?

Anybody scared of the Communist who kill and enslave their own people?

I look for the label "Made in China" before I buy.... I buy very little these days.

This relationship with China is real treason.

[Edgrot]

Your right on the money but do you realize public officials in mass say China is the ideal model for the world. This includes over 90% of American national level public officials.

[jovialanjia]

@btigtime2 good job dude! u r not supposed to buy any goods made in china at all!! u can make them in the US!!

[marniespeaks]

China is run by Commies

Workers make 49 cents an hour work 14 hours 7 days a week, no labor rights or pollution controls. indentured slaves

they have places called cancer villages because of all the pollution in the water & land - children dying of cancer - deformities are epidemic in some areas

Wall Street wants to turn the American worker into a Chinese slave

Send American CEOs and their crooked boards who shipped US jobs to China and the failed bankers in exchange for the US debt

[marniespeaks]

further this global economy has failed - countries that once had diverse productivity have been forced by globalist to produce one thing are now suffering

The standard of living for the Chinese worker is dismal. Most of the people in the country who once had a job are left to fend for themselves with no health care or living wage. Children an young people in the rural areas are forced to leave their homes for the cities to help the family survive, many in sweatshop conditions

[marniespeaks]

Less than 1% of the Chinese have seen a rise in their standard of living and the government owns everything from apartments, cars to clothes

In the US when a company closes for cheaper labor overseas it destroys communities, families and marriages the American standards of living drops. Its destroying the middle class

The global economy is a lie - making the wealthy gamblers on Wall Street more wealthy and forcing the US worker into indentured slavery

[blackiron60]

Minqi's analysis and his comments on inequality being one of the main factors that will drive us into future economic crises really emphasizes a point I have made before: namely that socialism is an inevitable necessity. We need a public economy and an egalitarian society, otherwise the recurring crises will only get worse.

[666norton420]

i donate $10.month....

gives me a little smile every time i read my CC statement.

...

and no, i don't live in the states, so my CC bill is completely manageable. ;)

;d

[flyhead2]

'The crisis is technically over'. I don't know too much about irony in Chinese culture but I can't see him being serious about this.

I wonder how China really feels about having to support the dollar by buying its oil in dollars, and is there some 'Great Game' afoot with the US 'playing the China' card' against Russia? If there is the Chinese will be well aware of this.

Apart from a huge workforce and a more autarchic society than the US, the Chinese posess a trump card: patience.

[666norton420]

technically, the recession in the US is over, as you nee 2 consecutive months of decline to achieve a recession.

that in no way means we're out of danger, just "technically" the politicians can claim the recession is over.

;d

[Girlforaction]

This conversation, the overall global financial crisis, the demand for oil. All of these things have to do with one thing --- greed.

That is why having money is not evil, but the love of it is.

[krum369]

Well said, the greedy do anything to get what they want, and the rest must pay the consciousness.

[Sarandib22]

So terrifying.

I'm very glad I have zero debt at the moment, and I plan to keep it that way, so that I don't end sucked into corporate servitude.

People keep telling me we have to change things from inside the system; but I'm a history student. I've never seen freedom earned, as they tell me it must be, only ever claimed by will. Systems do not change from within. They only change or capitulate in response to external stimuli. It's Darwinian cultural evolution. Workers need to organize.

[PersianPaladin]

Please go to monetary(dot)org for the solutions to the crisis.

Thank you.

[spiritsA]

This "Chinaman" term just reflects their inner most thoughts about Chinese people at this snapshot moment perhaps due a lot to brain washing from their country, or stimulated by his accent.

He speaks well enough that he didn't actually need subtitles. This one reporter working on TheRealNews needs it. But it might damage his reputation if he uses it.

The funny thing I should point out about this video, instead, is the fact that he's reading off some paper on top of his webcam.

[Paetaor]

What structural problems were resolved?

[slipcurve]

I'm glad the chinaman understand the most important factor in the global economy : oil.

[4485lolo]

mate..can you not use the term chinaman?

[slipcurve]

My apologies.

I just meant "this Chinese guy".

[4485lolo]

thank you for your understanding

chinese dude, chinese guy is fine but I see chinaman as the same as c h i n k s

maybe that's because for all my sad life I was called one

anyways, thank you for your understanding

[ch4p2]

racist

[2minstral]

The G20 is now permanent and all members will be sending 5% of their GDP to the IMF and 2% to the World Bank to get the new regional currencies started. Which means the US dollar is going to be removed as the fiat currency. When this starts, there will be large divesting in the US dollar and the result of that is not good at all.

[Craigipedia]

a "fait" currency is just a currency which is not backed by solid tangible commodities (oil, silver, gold, etc). The US dollar is being removed as the global reserve, it will still remain a fiat

[2minstral]

I stand corrected. You are absolutely right.

The G20 has adopted the Bretton Woods System where a series of regional currencies will be created and regulated by the IMF.

It is also speculated that the US currency will also become a regional currency, called the Amero.

[Craigipedia]

The Amero Conspiracy has been going for a long time... people fear that North America will become like the EU. What they overlook is that by instituting a replacement currency we could take care of the problems we are currently having with inflation, it would actually be a good idea

[2minstral]

I don't believe I want to participate in a debt slave society. In contrast to your belief, I think it would be a very bad idea to allow my nation of Canada to completely succumb to US dictatorship and monetary governance. The first thing we would loose is our Medicare system and the second would be our multi-cultural identity. It all goes downhill from there. The plan all along has been for the wealthy few to control all nations under their unified and controlled monetary system. I oppose it.