ME NEW MODERN AGE FUTURE AMERICAN YOU WORK FOR US CHOP CHOP YOU PAY YOUR DEBT TO US NOW WITH THE WESTERN INTEREST OK WE TURN YOUR WHITEY HOUSE INTO CHINESE FOO FOO RESTAURANT OK BUT FIRST THAT BIG MOUTH BLACK WARBOY IN ROUNDY OFFICE MUST LEAVE WE NO WANT NO PHONEY OIL WAR TROUBLE FOR WE ARE THE PEACEFUL BUSINESSMEN WHEN HE LEAVE HE TAKEY ALL THOSE FUNNY HATS SILLY JEWMEN AS WELL OK GOOD TIDINGS YANKEE DOODLE SEE YOU SOON IN YEAR OF DRAGON ...BAHAHAHAA
@00flammablewalrus00 We Know that labor is cheaper in china than anywhere in the world.
American's company's they need to ask their self :There is Anything more Important than save the American dream for the future generations ? If they do this,they will make a prove of nationalism .We Know How Businessman's think's ,for sure ,they are as anyone,they look for a best place to invest their money on it,After listening to what president Obama said,I Guess NOW ,America,it's the Best Place to Invest .
China wants to keep America to keep taking out loans. They are essentially acting as a bank and who are the richest businesses in Wall St? banks right?
Banks have control over people's lives and China wants to have control over USA's economy by fuelling our binge credit taking habits.
Only way to defear this is increase manufacturing at home. But how many greedy corporations are willing to bring back the outsourced jobs?
@cwood4ever I don't know about you, but I was raised to keep my word and make good on my debts. The fact that you would even consider withholding on a debt says a lot about you. Sooner or later someone will stiff you, and I hope it stings.
If the US refused to pay their debts, all creditors would immediately stop dealing with the US, and all foreign countries who have come to collect would immediately seize all US corporate interests abroad to make good on the debt.
@whyyesyes It had a veto-proof majority and if Obama vetoed it, the GOP had the very politically smart option of going home and letting the troops not get paid on time (and then blame Obama for it). He said himself that he was uncomfortable with the language in the bill. He basically got trapped between a rock and a hard place.
Go read some international business journals, then. Be ready for a lot of unfamiliar financial terms, though. This is indeed for the average American cable news viewer (which is to say, for idiots).
@Tezcatlepocatl ...don't get grumpy over an opinion . just because you don't understand the world of politics don't mean we all don't ,you must know how to read right? then google some terms (word's) that's how i learn'ed .( come on now you'r not gonna tell me that this video felt like it was addressed to kid's)
This analysis is economic nonsense. It completely overlooks the fact that when Americans could no longer afford Chinese products, that the Chinese could. Instead of building products to send here - in exchange for paper promises - they could work to improve their own lives. Instead of making American blue jeans, they will install heaters in school buildings.
Exactly. There are over 1 billion potential consumers who have been denied products which we take for granted. The Chinese people will suddenly be much richer so they'll simply buy their own goods or export to other countries whose currencies haven't slid against theirs. Meanwhile in America, our currency will be relatively worthless in the world market. Krulwicz (sp?) is nuts.
Sounds good for you to say it like that, but where would the demand for their labor come from? The Chinese don't want to buy cheap plastic crap like we do, and that's what they can produce right now.
Rest assured, though. They are modernizing their workforce right now to make a variety of quality products. When the generation they are currently educating joins the workforce they WILL sell their dollars and send our economy crashing down.
@Tezcatlepocatl - I agree, that's how the shift will happen and is happening. No large economy can turn on a dime. As their skill sets shift so will the demand. Soon they will no longer make junk (or not as much) and divert those resources towards improving their own lives.
@anyone and everyone who believes the time to stand up for our rights has come, email me@ buzzkil420@hotmail.com leave your name and state to help me organize a movement. PLEASE HELP ME COPY AND PASTE THIS TO ALL YOUTUBE VIDEOS there are thousands that believe our rights are being stripped away, and that we need to stand up for what we the American people believe in, HELP ME GET ORGANIZED. We have the right to PROTECT the CONSTITUTION from all THREATS, foreign and DOMESTIC!
@saigondj For several reasons. First of all, China exports a lot of their goods to the USA. It's important for them that the US consumers can keep spending their money on Chinese goods. That's why they keep lending money to the USA, to keep consumption high and to not hurt their export.
Besides that, it also gives them power over the USA. In diplomatic conflicts, it's possible that the White House will not pursue American ideals because it would anger their investors, the Chinese.
@saigondj - For all intent and purposes, they are no longer lending us money. They may be rolling over bonds that they currently hold, but there holdings of US debt are no longer growing.
China can only collect the debt from the people who created the debt(Bankers and Politicians) and not the people of the United States. This would be considered an "Odious Debt" under international law and the individual citizens of the USA do not owe it.
Don't think RMB is free floating so the market value of RMB wont' double... China would do something to keep it low, e.g. keep the money in the reserve bank which is equivalent to removing it from the system until it needs to take it out.
@hopaloop then we still wouldn't by anything from china. and our money would be worth what chinas money worth now. in short we would become the new china
@hopaloop No it would not. we are the only world power left. without us you know how many people in africa would stare. the world is on a very thin beam right now and if we tip the balance to fast it will brake.
And finally, to answer the question about how China pays for all of its infrastructure without having to use the US dollars it has amassed: easy. The Chinese Government owns its central bank - whereas in the USA not. The FED is privately owned by the private US banks.
In China, if they want to build a high-speed-railway, they simply print the money, give it to a ministry, they build the asset, and it sits on the balance sheet at the same value as the money spent. Job done and no debt.
@MrDannyunderwoodky Your comment regarding 18 cents per hour just goes to show what a fool you are Sir. The average wage in my town of Zhongshan is RMB 3,500 per month, which represents about USD 2.95 per hour. The average factory worker will earn about USD 1.85 per hour. Very few factory workers earn less than USD 1.00 per hour now, even in some of the poorest areas. Also, remember that most Chinese live on a cost base 1/6 of the USA, so that money goes further.
@theboyfrommiddlesbro Ahh you live in China huh well whats up neighbor im in Vietnam and its the same here money goes ALOT further. I live off the interest of my money in banks. TIP Interest rates in Vietnam are a lot higher than in US & Japan(i stay in both, my family's Viet & Jap) I guess cause they want to attract more customers who knows but yea i make the equivalent of someone working 40 hrs at 7.25/hr but ill tell you i don't live like someone making minimum wage lol
I live and work in China. My wife is Chinese. My Chinese wife refuses to let me turn on the heating in the winter because she says it is a huge waste of money and it hurts the environment. She says there is nothing wrong with putting on a coat inside the house. So, I am sitting here in 'my own house' freezing my butt off because my Chinese wife thinks I should just put on a coat and stop complaining like a lilly livered foreigner. And you know what - she's right...
this is the GOP and FOX news flaw of bashing china= when the value of Chinese yuans goes up, american (and western European) manufacturing goods become more competitive and thus increase in production
the only hole in this story is what is china paying for their massive infrastructure building spree with? They don't heat their schools cuz they don't give a fuck about their people, why else would they allow their people to work for 18 cents an hour and live in nothing more than US multinational co housing?? I'n surprised they dont pay them in co script
This is retarded, they dont need us to buy their products. The chinese people can simply consume their own products. The only reason they dont is because holding dollars, at the moment, is percieved to be more valuble than holding chinese currency. When their currency rises in value over the dollar (and it will) then there will be absolutely no need to send us goods in exchange for worthless paper. They dont need US.
@ElAsaltaCulos2 Not yet, at this moment no country in the world can match USA in field of consumorism not even close, this is why chinese keep US fed well.
@54n141n3n nonsense, China and india have like 8 times the population of the US if combined, and you don't think they can consume their products? China doesnt produce much food, btw, even if you didnt mean it in that context
@qiranwang that is not the point. China has more people than the US. The Chinese have material needs aswell, they should be perfectly capable of consuming. Why would anyone work for worthless dollars that keep losing value every day?
Like other socialists, Marx and Engels sought an end to capitalism and the systems which they perceived to be responsible for the exploitation of workers. There's no need to end capitalism unless there is a complete system crash then we know capitalism doesn't work. But to construct an add-on system to transition, can work hand in hand with the present currency capitalist system. It would be a mixed system of currency and currencyless. Offering transition to currencyless.
Theories within Marxism as to why communism in Central and Eastern Europe was not achieved after socialist revolutions pointed to such elements as the pressure of external capitalist states, the relative backwardness of the societies in which the revolutions occurred, and the emergence of a bureaucratic stratum or class that arrested or diverted the transition press in its own interests
With the exception of the contribution in World War II by the Soviet Union, China, and the Italian resistance movement, communism was seen as a rival, and a threat to western democracies and capitalism for most of the 20th century.[24] This rivalry peaked during the Cold War, as the world's two remaining superpowers, the United States and the Soviet Union, polarized most of the world into two camps of nations. This was characterized in the West as The Free World vs. Behind the Iron Curtain
0:15 - That was in 2009. Now in 2011, China owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury. Foreign governments hold about 46% of all U.S. debt held by the public, more than $4.5 trillion.
"Now in 2011, China owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury..."
You are way off in your claims.
China owns 1134.1 billion in October of this year of our debt. Of the debt owned by foreign governments in October of this year was at 4656.3 billion. That is about 30 percent a far cry from 46%.
who cares about heaters. . . I can't believe abc news casters have no sense to pick on another nation schooling. especially when china's kids are smarter then ours.
@a1saouse (sarcasm) Hahaha, yes of course. Chinese people are naturally smarter and harder working than westerners. It has nothing at all to do with the fact that they have a totalitarian government which imprisons those who protest against labor conditions, and the fact that their schools emphasize singleminded rote learning at the expense of creativity or intellectual growth. (even more sarcasm) And OF COURSE the affluent middle-class asian students over here are representative of all Chinese.
Rare earth metals should be the most considered thing of our era. It can bring brushless electric vehicles which produce very low ozone which have batteries that are safely recycled and much better on the air compositions than petroleum everywhere. Saves lots of money for the economy in the end. Plus you save on all those big rigs that transport the gas. It's liquid vs energy. Energy wins. It makes a huge difference for the efficiency and organization of an economy.
@TheCentralServices The electricity can come from various sources, some beginning at much more efficient than a 20% combustion engine. Plus we are talking less parts needed for the electric vehicle to work thus less parts to brake down and replace. A Nuclear power plant is between 33-60% efficient, mining and transporting crude is 0% because it needs constant refining. We could use solar as well with efficiencies up to 40%. Perhaps more with the Solar Molten salt plants in Spain.
@TheCentralServices Well sorry bout your bad luck because I'm not from the US, I'm from Canada, and it is accurate. A large percentage of the power consumed though is from Nuclear here
Sustainable and a real world producer, and not oil, which it can even keep up to its own demand without relying on other countries. America needs to become the great king producer, innovative, like China, and not just the overall valueless hollywood producers and big government. Wrong way to go if you want your dollar to have value. You need to produce things of real value. One great example is rare earth metals.
This is why Obama talks about Congress and GOP so much, wasting funds on Campaigning, wasting on Attacks instead of working together. These Idea's to expand the oil industry were Obama's ideas persuaded by GOP/COngress who were persuaded by the Oil industry and the snake bonds salesmen who screw other countries. The Fed are simply told to shut up and balance the interest as best they can even though they are always on edge as they should be. America needs to be....
When Timothy Geithner, the US treasury secretary, visited China last summer, he sought to reassure his hosts, using a speech to promise that "the United States is committed to a strong and stable international financial system. The Obama administration fully recognises that the United States has a special responsibility to play in this regard, and we fully appreciate that exercising this special responsibility begins at home."
US treasury figures for the period ending in December 2009 show that, following the sale, China is no longer the largest overseas holder of US treasury bonds. Beijing ended the year sitting on $755.4bn worth of US government debt, compared to Japan's $768.8bn.
Since the sub-prime crisis that began on Main Street USA grew to engulf the global economy, China's leaders have repeatedly expressed concerns about US policy.
The American people should be more concerned about things like this. Even though other reliable sources state USA will never pay back it's debt to China, no matter what, it's still important to be concerned with how much debt a nation has owing to another. It's partially an indicator as to which countries have been productive over the years. China as a result is a much more reputable nation financially, where now, people from USA are flocking over their for jobs. Makes sense.
I'm telling you it's insane.. Maybe someone should make a documentary just to show how fast admiration is shown for artists and celebrities. What about the people that are in the hospitals saving lives or the scientist that made a breakthrough? You wouldn't see a comment of admiration every millisecond, not that they need it or want it.. It is the least important people in the world that need and want admiration. The entertainment industry is the perfect industry for that job. As anderson Cooper
@TheCentralServices That's just one narrow example/comparison, and I consider it a joke, because if it weren't it would be a narrow minded opinion. If you take what I was saying in general, it is more true than not.
@TheCentralServices If you take this video for instance and compare it to rap artist or sxephil or other quick fix junk food of the internet, you cannot prove me wrong that most are just looking for a quick fix on here and most are hardly interested in learning anything.
I do not get how if they exchange US money for Chinese money why would it make Chinese money more valuable? Thus increasing the price on America. Economics is not my strong suit so if someone could explain this equation, that would be great.
@skinnsm23 Of course! If you see the development of world history you will see that countries have sold territory, taken away territory, etc. Territory is a commodity.
USA won't be able to pay back. The Chinese are not stupid. China owns the USA ass and when war conflict explodes, China will make sure they get paid back one way or another...
@Ysacoelfua Imagine part of USA becomes part of the Country of China.. That would make a funny looking map ! But I think China should start demanding them to pay up. I think Americans should pay with work, just like China did producing for the world for all those years. The time has come ! A facts a fact.
Ha – you americans, very funny, very naive. Thank you very much for distracting yourself with silly war against terror, while we take over your country. Now party is over, now you are our slaves – you silence, learn Putonghua quick and work hard! Time is money and you owe more than you have.
@TheCentralServices Ha - you Chinese, very funny, very naive.. Thank you for trading worthless paper (money) for labor and resources. You will never get your money back because we used it to buy a new car. Thanks for the help. We fight wars with your money, we build stuff with your money and you call us slaves? You learned English to beg us for food. LOLOLOL If you declare war on us, we will just use the military that you paid for. Thank you china.
@RebelFactor4Life It is not about the money you already owe. It is about the money you and your government may or may not get next year from us, cow-man. The war you already lost ten years ago.
@TheCentralServices That's what your leaders want you to believe. America has promised more than it can pay and China has lent more than it can afford to lose. When this country inevitably fails China will realize its stupidity. America isn't going to recover, but it is going to drag ALOT of countries down with it. China is a prime investor in American debt. Your country bet on us, not against us, big mistake if you want to enslave us.
@RebelFactor4Life We knew that you were going to default when you went into Afghanistan. It dragged the USSR and every other country trying to control it into collapse. Your debt is our leash to control your government. You were already slaves to your administration, you are now just changing owners.
@TheCentralServices A potential default on U.S. treasury bonds isn't as unprecedented as politicians would have you think. In 1979, the U.S. failed to make timely payments to its bondholders — and the results weren't pretty.. When did the us go to war with Afghanistan? 2005. What year did the US go to war with Afghanistan? 2001
@TheCentralServices The Soviet war in Afghanistan was a nine-year conflict involving the Soviet Union, supporting the Marxist-Leninist government of the Democratic Republic of Afghanistan[15] against the Afghan Mujahideen and foreign "Arab–Afghan" volunteers. The mujahideen received unofficial military and/or financial support from a variety of countries including the United States, Saudi Arabia, the United Kingdom[citation needed], Pakistan, Israel, Taiwan, Indonesia and China.
@TheCentralServices under Soviet premier Leonid Brezhnev.[16] The final troop withdrawal started on May 15, 1988, and ended on February 15, 1989 under the last Soviet leader Mikhail Gorbachev. Due to the interminable nature of the war, the conflict in Afghanistan has sometimes been referred to as the "Soviet Union's Vietnam War".[17]
@TheCentralServices Most countries financial system will collapse as a domino effect if one collapses particularly the world suppliers like china and india and saudi arabia. But there's no collapse yet like you said in that comment. But the collapse was known and inevitable once we discovered the imbalance money causes. Take a crowd of random people. Put a jar full of money in the middle. Do a simple test.
@luc59457 We have very good use for Saudi oil. Loosing 10% of our business if the US collapses would be unpleasant but not too serious, you are no longer that important. The world is very big place and at least half of it works quite well without the US. Alex Jones? The negro president?
@TheCentralServices Thanks for the good comment. Most people on this youtube I have to say, make me sick. Because while they are admiring celebrities, the celebrities and the entertainment industry that idolize them so much they end up brainwashing the public, deter the attention away from science and better things to concern time with. Imagine all the focus on celebrities was placed on Nasa instead? Perhaps we'd be half way accross the Galaxy by now. Figure of speech.
@RebelFactor4Life You hardly build stuff, it is the Chinese that are the world supplier, you rely on them for their rare earth minerals just as many other countries do. The time has come.. Your American dream may turn out to be a chinese sweatshop nation someday as I hope it does.
@luc59457 Chinese military is still nothing compared to the American. You can't take anything by force, even if you tried to. Not to mention we are a nuclear power. You won't get anything without risking utter destruction. We lost Vietnam for the same reason you would lose a war against us in our homeland. If China had the power to put there foot down, and forget the American dollar, they would, but they have too much invested into it right now. For now, china and America are joined at the hip
@RebelFactor4Life You have used China for far too long, so has Canada.. If you haven't seen the news, their government are starting to put their feet down and consider their own nation more.
@RebelFactor4Life And if you watch the video by Rt you would realize that it's USA dollars that china is addicted to and they would like to get rid of that dependence... It fact Usa are forcing china to buy more dollars to boast their economy. It's the USA in the spotlight here, don't try unjustifiably to make it china, it won't work you lazy ass.
@luc59457 I hate the American government. I would be indifferent to a new ruling party. At least the Chinese don't argue over whether or not evolution should be taught in schools, or whether affordable healthcare is a right. In fact, I like a lot of things about China and there culture but there just as misguided and gullible as Americans. China's intelligence and success is 90% illusion. Its a country with A LOT of problems to fix.
while president Bush and Cheney were busy in Afghanistan fighting with poor Afghans and spend The american taxes for supporting israel, the Chinese were developing their economic , i hope Herman cain win in 2012 am sure they`re stupid enough to elect him, to fight Iran for Israel so America will fail down as soon as possible and as a Sudanese i say to our brother in China welcome as a new super power make sure there `s no AIPAC in ur beloved China
So will China just continue to send it's goods to america for free? To a certain extent their government will wish to continue the status quo as it keeps their coffers lined from taxing a booming economy. But as the chinese gain access to more liberal news and information via the internet. They will begin to realise the disparities between theirs and our living standards. Change will come from reform of their policies first, when they decide to recall their funds to help feed a domestic economy!
So what?? This video convincingly establishes that China's big stack of dollars isn't useful for buying anything. But they want to keep their currency low so that Americans can afford their products and will send them...MORE DOLLARS. Which just gives them a bigger pile of useless money.
Its not useseless because USA cant do anything against China. China can do anything they want, you cant invade or do anything, if they do they recall the debt GG USA. This is why I think. Is basically making US your pet.
Are you a truth seeker? Search for "Truth Contest" in Google and click the 1st result, then click on "The Present" and read what it says. If you are sick and tired of lies and deception, thumb up this comment so others can see it.
@26libertarian Its a huge system of control, you should check out the "Zeitgeist Moving Forward" video on youtube.... its a bit hefty to watch... but well worth it!
@26libertarian A central Bank creates money, it then supplys it to the government(inflation) eg Federal Reserve gives money to America. However it does so as a loan at interest, the only way that the government can pay back the money (the interest) is to borrow more money, which in turn creates more debt. So ultimately it doesnt matter cause every government will get into a state of debt. Thats why only 4 countries in the world have no debt..... out of 195,..... Pretty Crap uh! A system of debt.
This Vidoe isnot upto Date , If china demanded payment it will be because they switch from export to domestic Market at home. The only way that will make china do that is if the usa dollar collaspses , or china belives the usa cant pay its debt , china can Live without the Us dollar , This is why china used its Green dollars to buy Us companies and stocks , The chinese have the Usa in thier hands
If the chinese economy can just collect American dollars and instantly make it a super-rich nation, does that mean I as an American am going to grow up in an impoverished country?
Very true. That's why the Chinese are not doing anything. In fact, they even manipulate their currency, keeping its value artificially low in order to keep jobs for their workers. Fuck the Chinese. Stupid John Boehner and Obama need to put the US workers before the corporate donors who have business in China, and pass the China's Currency Bill.
What this stupid video fails to address is the fact that if Chinese currency were to double, Chinese wages would double and they would be able to buy their own goods. They would no longer have to export so much stuff to the US because Chinese people would purchase their own goods.
@mkbond007 I have. For about two years I have made an effort to buy nothing from any authoritarian regimes. I also try to buy from the USA as much as I feasibly can. For example, all but one of the ties I have ever bought are made in America. How many people can say that?
@KingRockets if China uses their US dollars denominated assets such as US dollar cash and US T-bill/bonds at home, that puts selling pressure on the US$ denominated assets and buying pressure on the Chinese currency. Selling dollars while buying Chinese currency raises the value (in dollars for sure, and other currencies likely) of the Chinese currency and lowers the value of US dollars (in Chinese currency for sure, and other currencies likely) causing higher prices in the US as US$ falls.
@KingRockets Dirt is cheap because there is dirt everywhere --so its free. Gold is very rare, so the people that have gold, can sell it high prices. The US has been printing a lot of dollars the last few years and it is weakening our dollar. Why? There is too much of it floating around. The Chinese to prevent this, they keep their assets in US dollars. Because if they convert it to Chinese currency, then they will have too many Yuans (Chinese currency) in their market which will weaken the Yuan.
China train accident kills hundreds, chinese coal mine gas blast kills 29, chinese don't help a dying toddler rolled by 2 trucks, chinese poison their own children with melamine, chinese deport starving north korean defectors back to north korea... FUCK CHINA... need to say more?
The pope is the anti christ which the lord JESUS warned us about. The pope and jesuits and freemasons and illumanati and the rest of the secret socities control the worlds economy. They are crashing the worlds economy on purpouse so they can set up the pope as The God of this world. This is all satans plan but the lord jesus warned us that this would happen. worship the lord jesus christ only not the pope and you will escape hell. why do you think the us went to iraq it was part of there plan
A china man was caught shop lifting and ran out the shop. The shop keeper chased after him and said "hey you, stop" The china man stopped, turned around and said, "how you know my name", PMSL
Look commodity cournties, like Austrailia, Brazil and so forth, sends the chinese resources, and the chinise sends them US paper that they got for sending the US the final products. Now, this video wants you to believe that the Chinese and the rest of the world can't consume the products the chinese make with the worlds resources. They can! All the producing countries have to do is let the Dollar tank. The US is exporting inflation and importing products. It's criminal!
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ME NEW MODERN AGE FUTURE AMERICAN YOU WORK FOR US CHOP CHOP YOU PAY YOUR DEBT TO US NOW WITH THE WESTERN INTEREST OK WE TURN YOUR WHITEY HOUSE INTO CHINESE FOO FOO RESTAURANT OK BUT FIRST THAT BIG MOUTH BLACK WARBOY IN ROUNDY OFFICE MUST LEAVE WE NO WANT NO PHONEY OIL WAR TROUBLE FOR WE ARE THE PEACEFUL BUSINESSMEN WHEN HE LEAVE HE TAKEY ALL THOSE FUNNY HATS SILLY JEWMEN AS WELL OK GOOD TIDINGS YANKEE DOODLE SEE YOU SOON IN YEAR OF DRAGON ...BAHAHAHAA
TheUSlandlord 4 hours ago
ha ha bullshit
Roofius2 3 days ago
well, its getting late for america!!
kimmi2tube 4 days ago
@massinissausa1 Would you please explain the concept of "the american dream" to me as no one has and my culture doesn't have one as we are awake.
ReboundGamer 4 days ago
@ReboundGamer, American dream is just an ideology, just like Chinese communism. no different at all.
moistfaucet 2 days ago
I Guess I better get ready to work in a Sweat Shop making 5 cents a day.
buttmanroad 4 days ago
-I Guess That's The truth:FOR THE MOMENT they can't take their money out of america.
-But What going to be happen when China has the control over USA's economy ?
- America Needs to INCREASE manufacturing at home NOW before to be too late!!!.
massinissausa1 6 days ago
@massinissausa1 do you know why we cannot? because labor is so much cheaper there.
00flammablewalrus00 4 days ago
@00flammablewalrus00 We Know that labor is cheaper in china than anywhere in the world.
American's company's they need to ask their self :There is Anything more Important than save the American dream for the future generations ? If they do this,they will make a prove of nationalism .We Know How Businessman's think's ,for sure ,they are as anyone,they look for a best place to invest their money on it,After listening to what president Obama said,I Guess NOW ,America,it's the Best Place to Invest .
massinissausa1 4 days ago
Comment removed
massinissausa1 4 days ago
China wants to keep America to keep taking out loans. They are essentially acting as a bank and who are the richest businesses in Wall St? banks right?
Banks have control over people's lives and China wants to have control over USA's economy by fuelling our binge credit taking habits.
Only way to defear this is increase manufacturing at home. But how many greedy corporations are willing to bring back the outsourced jobs?
j12torts 1 week ago
but why not take that money and use it to build jobs that support themselves?
EvilMofoShelley 1 week ago
@EvilMofoShelley I'm not an economic expert on this but I assume it is because of less revenue for the Chinese government.
MisteruEksu 1 week ago
pretty good demonstration
RiderSTG 2 weeks ago
oh god china demand your money.
tandis97 2 weeks ago
@tandis97 they can't demand shit
CriminalGameplay 1 week ago
i say when China trys to take out their debt we tell them to gtfo.
cwood4ever 2 weeks ago
@cwood4ever I don't know about you, but I was raised to keep my word and make good on my debts. The fact that you would even consider withholding on a debt says a lot about you. Sooner or later someone will stiff you, and I hope it stings.
If the US refused to pay their debts, all creditors would immediately stop dealing with the US, and all foreign countries who have come to collect would immediately seize all US corporate interests abroad to make good on the debt.
mistajames3213 2 weeks ago
@mistajames3213 omg i was joking gtfo
cwood4ever 2 weeks ago
if they did we say what money oh here bush he stole it from you.
starknight97 2 weeks ago
Impeach Obama. Then put him on criminal trial for high treason
whyyesyes 2 weeks ago
@whyyesyes For what, exactly?
ssbmon396 2 weeks ago
@ssbmon396 He signed the NDAA. He was on the UN security council.
whyyesyes 2 weeks ago
@whyyesyes It had a veto-proof majority and if Obama vetoed it, the GOP had the very politically smart option of going home and letting the troops not get paid on time (and then blame Obama for it). He said himself that he was uncomfortable with the language in the bill. He basically got trapped between a rock and a hard place.
ssbmon396 2 weeks ago
@ssbmon396 Give me a break. Obama is a piece of garbage. Left or right, it's part of the same interest.
whyyesyes 2 weeks ago
@whyyesyes Well I can see you're only interested in opinions that confirm your nutjob opinion that Obama should be put on trial for high treason...
ssbmon396 2 weeks ago
U.S would sell Alaska to China?????
vietvalen1 2 weeks ago
Alaska is worthless. cold as fuck. lol
ervinc6 2 weeks ago
@ervinc6
Except for all the millions of barrels of oil underneath it. Oh, and don't forget all the Alaskan king crab fishing.
I agree though, it's way too cold to live your life there.
Tezcatlepocatl 1 week ago
cool, it's all about profit !!! though only a few will gain from it.
alex291212 2 weeks ago
some how watching the animated clips made me feel like an idiot
skylinmegas9290 3 weeks ago
@skylinmegas9290
Go read some international business journals, then. Be ready for a lot of unfamiliar financial terms, though. This is indeed for the average American cable news viewer (which is to say, for idiots).
Tezcatlepocatl 2 weeks ago
@Tezcatlepocatl ...don't get grumpy over an opinion . just because you don't understand the world of politics don't mean we all don't ,you must know how to read right? then google some terms (word's) that's how i learn'ed .( come on now you'r not gonna tell me that this video felt like it was addressed to kid's)
skylinmegas9290 2 weeks ago
This analysis is economic nonsense. It completely overlooks the fact that when Americans could no longer afford Chinese products, that the Chinese could. Instead of building products to send here - in exchange for paper promises - they could work to improve their own lives. Instead of making American blue jeans, they will install heaters in school buildings.
GoldenDragon214 3 weeks ago
@GoldenDragon214 this mans a genis.
1ma0rc0us1 2 weeks ago
@GoldenDragon214
Exactly. There are over 1 billion potential consumers who have been denied products which we take for granted. The Chinese people will suddenly be much richer so they'll simply buy their own goods or export to other countries whose currencies haven't slid against theirs. Meanwhile in America, our currency will be relatively worthless in the world market. Krulwicz (sp?) is nuts.
informedskeptic 2 weeks ago
@GoldenDragon214
Sounds good for you to say it like that, but where would the demand for their labor come from? The Chinese don't want to buy cheap plastic crap like we do, and that's what they can produce right now.
Rest assured, though. They are modernizing their workforce right now to make a variety of quality products. When the generation they are currently educating joins the workforce they WILL sell their dollars and send our economy crashing down.
Tezcatlepocatl 2 weeks ago
@Tezcatlepocatl - I agree, that's how the shift will happen and is happening. No large economy can turn on a dime. As their skill sets shift so will the demand. Soon they will no longer make junk (or not as much) and divert those resources towards improving their own lives.
GoldenDragon214 1 week ago
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@anyone and everyone who believes the time to stand up for our rights has come, email me@ buzzkil420@hotmail.com leave your name and state to help me organize a movement. PLEASE HELP ME COPY AND PASTE THIS TO ALL YOUTUBE VIDEOS there are thousands that believe our rights are being stripped away, and that we need to stand up for what we the American people believe in, HELP ME GET ORGANIZED. We have the right to PROTECT the CONSTITUTION from all THREATS, foreign and DOMESTIC!
buzzkiljsmith 3 weeks ago in playlist More videos from ABCNews
why chinese keep lending us money if they say we're bankrupt?
saigondj 3 weeks ago
@saigondj For several reasons. First of all, China exports a lot of their goods to the USA. It's important for them that the US consumers can keep spending their money on Chinese goods. That's why they keep lending money to the USA, to keep consumption high and to not hurt their export.
Besides that, it also gives them power over the USA. In diplomatic conflicts, it's possible that the White House will not pursue American ideals because it would anger their investors, the Chinese.
StyloRoolz 3 weeks ago
@StyloRoolz SO we use CHina money to fund our military agaisnt themselves huh? We are genuis
saigondj 3 weeks ago
@saigondj China doesn't want us to pay back the money, they want us to pay that interest like you pay on a mortgage to a bank.
Andydag904 2 weeks ago
@saigondj - For all intent and purposes, they are no longer lending us money. They may be rolling over bonds that they currently hold, but there holdings of US debt are no longer growing.
GoldenDragon214 1 week ago
@GoldenDragon214 who's gonna buy their taint toys and tainted tooth paste if they stopped lending us money?
saigondj 1 week ago
China can only collect the debt from the people who created the debt(Bankers and Politicians) and not the people of the United States. This would be considered an "Odious Debt" under international law and the individual citizens of the USA do not owe it.
FromanMD 4 weeks ago
Don't think RMB is free floating so the market value of RMB wont' double... China would do something to keep it low, e.g. keep the money in the reserve bank which is equivalent to removing it from the system until it needs to take it out.
GlowyHoein 1 month ago
we if they did, america could start to produce for itself, wouldn't that work.
hopaloop 1 month ago
@hopaloop then we still wouldn't by anything from china. and our money would be worth what chinas money worth now. in short we would become the new china
mark12033 1 month ago
@mark12033 that would be good wouldn't it.
hopaloop 1 month ago
@hopaloop No it would not. we are the only world power left. without us you know how many people in africa would stare. the world is on a very thin beam right now and if we tip the balance to fast it will brake.
mark12033 4 weeks ago
At the end. "not yet" so true.
ivegotamagicstix 1 month ago
And finally, to answer the question about how China pays for all of its infrastructure without having to use the US dollars it has amassed: easy. The Chinese Government owns its central bank - whereas in the USA not. The FED is privately owned by the private US banks.
In China, if they want to build a high-speed-railway, they simply print the money, give it to a ministry, they build the asset, and it sits on the balance sheet at the same value as the money spent. Job done and no debt.
theboyfrommiddlesbro 1 month ago
@MrDannyunderwoodky Your comment regarding 18 cents per hour just goes to show what a fool you are Sir. The average wage in my town of Zhongshan is RMB 3,500 per month, which represents about USD 2.95 per hour. The average factory worker will earn about USD 1.85 per hour. Very few factory workers earn less than USD 1.00 per hour now, even in some of the poorest areas. Also, remember that most Chinese live on a cost base 1/6 of the USA, so that money goes further.
theboyfrommiddlesbro 1 month ago
@theboyfrommiddlesbro Ahh you live in China huh well whats up neighbor im in Vietnam and its the same here money goes ALOT further. I live off the interest of my money in banks. TIP Interest rates in Vietnam are a lot higher than in US & Japan(i stay in both, my family's Viet & Jap) I guess cause they want to attract more customers who knows but yea i make the equivalent of someone working 40 hrs at 7.25/hr but ill tell you i don't live like someone making minimum wage lol
imjsutthatguy 4 weeks ago in playlist china news
I live and work in China. My wife is Chinese. My Chinese wife refuses to let me turn on the heating in the winter because she says it is a huge waste of money and it hurts the environment. She says there is nothing wrong with putting on a coat inside the house. So, I am sitting here in 'my own house' freezing my butt off because my Chinese wife thinks I should just put on a coat and stop complaining like a lilly livered foreigner. And you know what - she's right...
theboyfrommiddlesbro 1 month ago
this is the GOP and FOX news flaw of bashing china= when the value of Chinese yuans goes up, american (and western European) manufacturing goods become more competitive and thus increase in production
dancthegr 1 month ago
the only hole in this story is what is china paying for their massive infrastructure building spree with? They don't heat their schools cuz they don't give a fuck about their people, why else would they allow their people to work for 18 cents an hour and live in nothing more than US multinational co housing?? I'n surprised they dont pay them in co script
MrDANNYUNDERWOODky 1 month ago
This is retarded, they dont need us to buy their products. The chinese people can simply consume their own products. The only reason they dont is because holding dollars, at the moment, is percieved to be more valuble than holding chinese currency. When their currency rises in value over the dollar (and it will) then there will be absolutely no need to send us goods in exchange for worthless paper. They dont need US.
offdaheez 1 month ago
If that happens, the Chinese corporations will need to give more money to the employees. THAT'S actually the reason why isn't the debt collected.
fedelede2 1 month ago
USA, we comin' for you ni**a - Booker T.
LettheNationsBeGlad 1 month ago
China owns America.
Ruttie2 1 month ago
USA would be majorly fucked.
RealQi 1 month ago
Proverbs 22:7: ,... and the borrower becomes the lender’s slave...
desipimp299 1 month ago
Wow.. That'd be something to see...
Soldier957 1 month ago
moral to the story: there will just be a slow devaluation of our currency
nottinmatterz2day 1 month ago
Then again, the Chinese are perfectly able to consume their products, right?
ElAsaltaCulos2 1 month ago
@ElAsaltaCulos2 Not yet, at this moment no country in the world can match USA in field of consumorism not even close, this is why chinese keep US fed well.
54n141n3n 1 month ago
@54n141n3n nonsense, China and india have like 8 times the population of the US if combined, and you don't think they can consume their products? China doesnt produce much food, btw, even if you didnt mean it in that context
ElAsaltaCulos2 1 month ago
@ElAsaltaCulos2
no, china's GDP is 70% export.
qiranwang 1 month ago
@qiranwang that is not the point. China has more people than the US. The Chinese have material needs aswell, they should be perfectly capable of consuming. Why would anyone work for worthless dollars that keep losing value every day?
ElAsaltaCulos2 1 month ago
The thing he said we should listen and be aware of is "Not Yet"
c21hustle 1 month ago
2:23 LOL the price tag is like "UMAD!?"
Condom007of007Solace 1 month ago
@Condom007of007Solace problem?
carth93 1 month ago
Oh no they have to wear jackets inside... Welcome to New Zealand homes. lol.
TheDarkFalcon 1 month ago
I wonder why this cartoon refers to Chinese money as just that instead of its actual name, yuans (元).
TheHeidelbergKid 1 month ago
@TheHeidelbergKid The chinese currency is called renminbi and some people are too simple to understand anything but "chinese money".
TheCentralServices 1 month ago
Like other socialists, Marx and Engels sought an end to capitalism and the systems which they perceived to be responsible for the exploitation of workers. There's no need to end capitalism unless there is a complete system crash then we know capitalism doesn't work. But to construct an add-on system to transition, can work hand in hand with the present currency capitalist system. It would be a mixed system of currency and currencyless. Offering transition to currencyless.
luc59457 1 month ago
Theories within Marxism as to why communism in Central and Eastern Europe was not achieved after socialist revolutions pointed to such elements as the pressure of external capitalist states, the relative backwardness of the societies in which the revolutions occurred, and the emergence of a bureaucratic stratum or class that arrested or diverted the transition press in its own interests
luc59457 1 month ago
With the exception of the contribution in World War II by the Soviet Union, China, and the Italian resistance movement, communism was seen as a rival, and a threat to western democracies and capitalism for most of the 20th century.[24] This rivalry peaked during the Cold War, as the world's two remaining superpowers, the United States and the Soviet Union, polarized most of the world into two camps of nations. This was characterized in the West as The Free World vs. Behind the Iron Curtain
luc59457 1 month ago
0:15 - That was in 2009. Now in 2011, China owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury. Foreign governments hold about 46% of all U.S. debt held by the public, more than $4.5 trillion.
suarezjaguar 1 month ago
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@suarezjaguar
"Now in 2011, China owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury..."
You are way off in your claims.
China owns 1134.1 billion in October of this year of our debt. Of the debt owned by foreign governments in October of this year was at 4656.3 billion. That is about 30 percent a far cry from 46%.
treasury(dot)gov/resource-center/data-chart-center/tic/Documents/mfh(dot)txt
Vast majority of the U.S. debt is owned by US.
GuardianoftheSource 1 month ago
who cares about heaters. . . I can't believe abc news casters have no sense to pick on another nation schooling. especially when china's kids are smarter then ours.
a1saouse 1 month ago
@a1saouse (sarcasm) Hahaha, yes of course. Chinese people are naturally smarter and harder working than westerners. It has nothing at all to do with the fact that they have a totalitarian government which imprisons those who protest against labor conditions, and the fact that their schools emphasize singleminded rote learning at the expense of creativity or intellectual growth. (even more sarcasm) And OF COURSE the affluent middle-class asian students over here are representative of all Chinese.
dark7element 1 month ago
Rare earth metals should be the most considered thing of our era. It can bring brushless electric vehicles which produce very low ozone which have batteries that are safely recycled and much better on the air compositions than petroleum everywhere. Saves lots of money for the economy in the end. Plus you save on all those big rigs that transport the gas. It's liquid vs energy. Energy wins. It makes a huge difference for the efficiency and organization of an economy.
luc59457 2 months ago
@luc59457 where does electricity to charge car battery come from?
TheCentralServices 2 months ago
@TheCentralServices The electricity can come from various sources, some beginning at much more efficient than a 20% combustion engine. Plus we are talking less parts needed for the electric vehicle to work thus less parts to brake down and replace. A Nuclear power plant is between 33-60% efficient, mining and transporting crude is 0% because it needs constant refining. We could use solar as well with efficiencies up to 40%. Perhaps more with the Solar Molten salt plants in Spain.
luc59457 2 months ago
@TheCentralServices If it is hydro electricity that can range up to 80% efficient.
luc59457 2 months ago
@luc59457 All future hydroelectric plants are planned for China and a few other countries, not the USA
TheCentralServices 1 month ago
@TheCentralServices Well sorry bout your bad luck because I'm not from the US, I'm from Canada, and it is accurate. A large percentage of the power consumed though is from Nuclear here
luc59457 1 month ago
@TheCentralServices Renewable energy, which is in no way an impossibility.
meh23p 1 month ago
Which it can't keep up to its own demands
luc59457 2 months ago
Sustainable and a real world producer, and not oil, which it can even keep up to its own demand without relying on other countries. America needs to become the great king producer, innovative, like China, and not just the overall valueless hollywood producers and big government. Wrong way to go if you want your dollar to have value. You need to produce things of real value. One great example is rare earth metals.
luc59457 2 months ago
This is why Obama talks about Congress and GOP so much, wasting funds on Campaigning, wasting on Attacks instead of working together. These Idea's to expand the oil industry were Obama's ideas persuaded by GOP/COngress who were persuaded by the Oil industry and the snake bonds salesmen who screw other countries. The Fed are simply told to shut up and balance the interest as best they can even though they are always on edge as they should be. America needs to be....
luc59457 2 months ago
When Timothy Geithner, the US treasury secretary, visited China last summer, he sought to reassure his hosts, using a speech to promise that "the United States is committed to a strong and stable international financial system. The Obama administration fully recognises that the United States has a special responsibility to play in this regard, and we fully appreciate that exercising this special responsibility begins at home."
luc59457 2 months ago
US treasury figures for the period ending in December 2009 show that, following the sale, China is no longer the largest overseas holder of US treasury bonds. Beijing ended the year sitting on $755.4bn worth of US government debt, compared to Japan's $768.8bn.
Since the sub-prime crisis that began on Main Street USA grew to engulf the global economy, China's leaders have repeatedly expressed concerns about US policy.
luc59457 2 months ago
The Chinese are more efficient with their Money and Americans seem much more wasteful with their money.
luc59457 2 months ago
The American people should be more concerned about things like this. Even though other reliable sources state USA will never pay back it's debt to China, no matter what, it's still important to be concerned with how much debt a nation has owing to another. It's partially an indicator as to which countries have been productive over the years. China as a result is a much more reputable nation financially, where now, people from USA are flocking over their for jobs. Makes sense.
luc59457 2 months ago
@luc59457 WTF WHO COMMENTS THAT MUCH -_-
NoJustNoStopReally 2 months ago
@NoJustNoStopReally Anyone who choses to
luc59457 2 months ago
I don't know if you see Hilarious Commerial!!
by slim2open
13,251,392 views
In the related videos?
luc59457 2 months ago
Once said on the rediculist about J'Lo, what really can you believe when it comes to Tv commercials? I say that question goes much more broad.
luc59457 2 months ago
I'm telling you it's insane.. Maybe someone should make a documentary just to show how fast admiration is shown for artists and celebrities. What about the people that are in the hospitals saving lives or the scientist that made a breakthrough? You wouldn't see a comment of admiration every millisecond, not that they need it or want it.. It is the least important people in the world that need and want admiration. The entertainment industry is the perfect industry for that job. As anderson Cooper
luc59457 2 months ago
@luc59457 Ha, ha, not entirely true. Stephen Hawking said "I sold more books with physics, than madonna sold albums with sex."
TheCentralServices 2 months ago
@TheCentralServices That's just one narrow example/comparison, and I consider it a joke, because if it weren't it would be a narrow minded opinion. If you take what I was saying in general, it is more true than not.
luc59457 2 months ago
@TheCentralServices If you take this video for instance and compare it to rap artist or sxephil or other quick fix junk food of the internet, you cannot prove me wrong that most are just looking for a quick fix on here and most are hardly interested in learning anything.
luc59457 2 months ago
I do not get how if they exchange US money for Chinese money why would it make Chinese money more valuable? Thus increasing the price on America. Economics is not my strong suit so if someone could explain this equation, that would be great.
DanMarik 2 months ago
@skinnsm23 Of course! If you see the development of world history you will see that countries have sold territory, taken away territory, etc. Territory is a commodity.
USA won't be able to pay back. The Chinese are not stupid. China owns the USA ass and when war conflict explodes, China will make sure they get paid back one way or another...
Ysacoelfua 2 months ago
@Ysacoelfua Imagine part of USA becomes part of the Country of China.. That would make a funny looking map ! But I think China should start demanding them to pay up. I think Americans should pay with work, just like China did producing for the world for all those years. The time has come ! A facts a fact.
luc59457 2 months ago
Ha – you americans, very funny, very naive. Thank you very much for distracting yourself with silly war against terror, while we take over your country. Now party is over, now you are our slaves – you silence, learn Putonghua quick and work hard! Time is money and you owe more than you have.
美国 - 欢迎到中国经济帝国！
放弃所有希望！
抵抗是徒劳！
TheCentralServices 2 months ago
@TheCentralServices Ha - you Chinese, very funny, very naive.. Thank you for trading worthless paper (money) for labor and resources. You will never get your money back because we used it to buy a new car. Thanks for the help. We fight wars with your money, we build stuff with your money and you call us slaves? You learned English to beg us for food. LOLOLOL If you declare war on us, we will just use the military that you paid for. Thank you china.
RebelFactor4Life 2 months ago
@RebelFactor4Life It is not about the money you already owe. It is about the money you and your government may or may not get next year from us, cow-man. The war you already lost ten years ago.
TheCentralServices 2 months ago
@TheCentralServices That's what your leaders want you to believe. America has promised more than it can pay and China has lent more than it can afford to lose. When this country inevitably fails China will realize its stupidity. America isn't going to recover, but it is going to drag ALOT of countries down with it. China is a prime investor in American debt. Your country bet on us, not against us, big mistake if you want to enslave us.
RebelFactor4Life 2 months ago
@RebelFactor4Life We knew that you were going to default when you went into Afghanistan. It dragged the USSR and every other country trying to control it into collapse. Your debt is our leash to control your government. You were already slaves to your administration, you are now just changing owners.
TheCentralServices 2 months ago
@TheCentralServices A potential default on U.S. treasury bonds isn't as unprecedented as politicians would have you think. In 1979, the U.S. failed to make timely payments to its bondholders — and the results weren't pretty.. When did the us go to war with Afghanistan? 2005. What year did the US go to war with Afghanistan? 2001
luc59457 2 months ago
@luc59457 What?
TheCentralServices 2 months ago
@TheCentralServices You know? You sound a lot like Alex jones, a lot of bark.
luc59457 2 months ago
@TheCentralServices The Soviet war in Afghanistan was a nine-year conflict involving the Soviet Union, supporting the Marxist-Leninist government of the Democratic Republic of Afghanistan[15] against the Afghan Mujahideen and foreign "Arab–Afghan" volunteers. The mujahideen received unofficial military and/or financial support from a variety of countries including the United States, Saudi Arabia, the United Kingdom[citation needed], Pakistan, Israel, Taiwan, Indonesia and China.
luc59457 2 months ago
@TheCentralServices under Soviet premier Leonid Brezhnev.[16] The final troop withdrawal started on May 15, 1988, and ended on February 15, 1989 under the last Soviet leader Mikhail Gorbachev. Due to the interminable nature of the war, the conflict in Afghanistan has sometimes been referred to as the "Soviet Union's Vietnam War".[17]
luc59457 2 months ago
@TheCentralServices Most countries financial system will collapse as a domino effect if one collapses particularly the world suppliers like china and india and saudi arabia. But there's no collapse yet like you said in that comment. But the collapse was known and inevitable once we discovered the imbalance money causes. Take a crowd of random people. Put a jar full of money in the middle. Do a simple test.
luc59457 2 months ago
@luc59457 We have very good use for Saudi oil. Loosing 10% of our business if the US collapses would be unpleasant but not too serious, you are no longer that important. The world is very big place and at least half of it works quite well without the US. Alex Jones? The negro president?
TheCentralServices 2 months ago
@TheCentralServices Thanks for the good comment. Most people on this youtube I have to say, make me sick. Because while they are admiring celebrities, the celebrities and the entertainment industry that idolize them so much they end up brainwashing the public, deter the attention away from science and better things to concern time with. Imagine all the focus on celebrities was placed on Nasa instead? Perhaps we'd be half way accross the Galaxy by now. Figure of speech.
luc59457 2 months ago
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@RebelFactor4Life your comment just prove how dumb you are... how ignorant you dumb fucks are in america..
NZYE 2 months ago
@RebelFactor4Life You hardly build stuff, it is the Chinese that are the world supplier, you rely on them for their rare earth minerals just as many other countries do. The time has come.. Your American dream may turn out to be a chinese sweatshop nation someday as I hope it does.
luc59457 2 months ago
@luc59457 Chinese military is still nothing compared to the American. You can't take anything by force, even if you tried to. Not to mention we are a nuclear power. You won't get anything without risking utter destruction. We lost Vietnam for the same reason you would lose a war against us in our homeland. If China had the power to put there foot down, and forget the American dollar, they would, but they have too much invested into it right now. For now, china and America are joined at the hip
RebelFactor4Life 2 months ago
@RebelFactor4Life You have used China for far too long, so has Canada.. If you haven't seen the news, their government are starting to put their feet down and consider their own nation more.
luc59457 2 months ago
@RebelFactor4Life You are also so damn demanding for oil that how many countries do you have to get it from? Ahem
luc59457 2 months ago
@RebelFactor4Life And if you watch the video by Rt you would realize that it's USA dollars that china is addicted to and they would like to get rid of that dependence... It fact Usa are forcing china to buy more dollars to boast their economy. It's the USA in the spotlight here, don't try unjustifiably to make it china, it won't work you lazy ass.
luc59457 2 months ago
@luc59457 I hate the American government. I would be indifferent to a new ruling party. At least the Chinese don't argue over whether or not evolution should be taught in schools, or whether affordable healthcare is a right. In fact, I like a lot of things about China and there culture but there just as misguided and gullible as Americans. China's intelligence and success is 90% illusion. Its a country with A LOT of problems to fix.
RebelFactor4Life 2 months ago
@skinnsm23 What this guy says
kosmosmax 2 months ago
China is going to take USA territory! That's they way they will get paid.
Ysacoelfua 2 months ago
No mention that China is buying as much Gold as they can,because they know the dollar is going to tank.
Which is what the central bankers have been planning for,for years.
express375 2 months ago
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while president Bush and Cheney were busy in Afghanistan fighting with poor Afghans and spend The american taxes for supporting israel, the Chinese were developing their economic , i hope Herman cain win in 2012 am sure they`re stupid enough to elect him, to fight Iran for Israel so America will fail down as soon as possible and as a Sudanese i say to our brother in China welcome as a new super power make sure there `s no AIPAC in ur beloved China
MrBigboss20011 2 months ago
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MrBigboss20011 2 months ago
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MrBigboss20011 2 months ago
So will China just continue to send it's goods to america for free? To a certain extent their government will wish to continue the status quo as it keeps their coffers lined from taxing a booming economy. But as the chinese gain access to more liberal news and information via the internet. They will begin to realise the disparities between theirs and our living standards. Change will come from reform of their policies first, when they decide to recall their funds to help feed a domestic economy!
kirtpearce1 2 months ago in playlist More videos from ABCNews
So what?? This video convincingly establishes that China's big stack of dollars isn't useful for buying anything. But they want to keep their currency low so that Americans can afford their products and will send them...MORE DOLLARS. Which just gives them a bigger pile of useless money.
ATL45 2 months ago
@ATL45
Its not useseless because USA cant do anything against China. China can do anything they want, you cant invade or do anything, if they do they recall the debt GG USA. This is why I think. Is basically making US your pet.
XehanortNobody 2 months ago
this is how a sick mind works in economics....
vishesfishes 2 months ago
u guys OWE CHINA SO be grateful to my leader!!!salute!!
sNsDronaldinho 2 months ago
@sNsDronaldinho haha
esp326 2 months ago
I'm suprised they aired this on a mainstream news channel.
HwoarangtheBoomerang 2 months ago
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Cool! OddTodd animation is here. At least that is American..
carsonky 2 months ago
What are we 12?
SudanDawah 2 months ago
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They don't want our money, they want our land...
DonQuijote 2 months ago
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Ron Paul 2012!!!!
MrFromminsk 2 months ago
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Are you a truth seeker? Search for "Truth Contest" in Google and click the 1st result, then click on "The Present" and read what it says. If you are sick and tired of lies and deception, thumb up this comment so others can see it.
chuchkahickey 2 months ago
Let's just print it to pay them back, lol!
spacefreak09 2 months ago
@spacefreak09 than there would be so many usa money , it would be worthless
chinasweetbaby 2 months ago
@chinasweetbaby Duh! It's a joke. That's why I said ''lol''. We can't print our way out of debt.
spacefreak09 2 months ago
Very informative. I have wondered this for a long time.
bnewton81 2 months ago
Hey! Have you tried Megamaxi Money Maker (google it)? Ive heard some extraordinary things about it and my sister got crazy amounts of moolah.
Grz0ne 2 months ago
@26libertarian Its a huge system of control, you should check out the "Zeitgeist Moving Forward" video on youtube.... its a bit hefty to watch... but well worth it!
GizEdwards 2 months ago
@26libertarian A central Bank creates money, it then supplys it to the government(inflation) eg Federal Reserve gives money to America. However it does so as a loan at interest, the only way that the government can pay back the money (the interest) is to borrow more money, which in turn creates more debt. So ultimately it doesnt matter cause every government will get into a state of debt. Thats why only 4 countries in the world have no debt..... out of 195,..... Pretty Crap uh! A system of debt.
GizEdwards 2 months ago
@26libertarian Because the more you have of something, the less it is worth. The exchange rate wouldn't count for anything..
GizEdwards 2 months ago
This Vidoe isnot upto Date , If china demanded payment it will be because they switch from export to domestic Market at home. The only way that will make china do that is if the usa dollar collaspses , or china belives the usa cant pay its debt , china can Live without the Us dollar , This is why china used its Green dollars to buy Us companies and stocks , The chinese have the Usa in thier hands
zakaslam1 2 months ago
If the chinese economy can just collect American dollars and instantly make it a super-rich nation, does that mean I as an American am going to grow up in an impoverished country?
thugtastic 2 months ago
Very true. That's why the Chinese are not doing anything. In fact, they even manipulate their currency, keeping its value artificially low in order to keep jobs for their workers. Fuck the Chinese. Stupid John Boehner and Obama need to put the US workers before the corporate donors who have business in China, and pass the China's Currency Bill.
sfsd911 2 months ago
What this stupid video fails to address is the fact that if Chinese currency were to double, Chinese wages would double and they would be able to buy their own goods. They would no longer have to export so much stuff to the US because Chinese people would purchase their own goods.
christo930 2 months ago
quit buying cheap shit made in china
mkbond007 2 months ago
@mkbond007 I have. For about two years I have made an effort to buy nothing from any authoritarian regimes. I also try to buy from the USA as much as I feasibly can. For example, all but one of the ties I have ever bought are made in America. How many people can say that?
FinalLugiaGuardian 2 months ago
@mkbond007 The ironic thing is, the computer you wrote from is most likely made in China.
FortitudeOfHeaven 2 months ago
its $500tillion dollars to china not $800billion it propaganda to stop mass panic
shughes375 2 months ago
Can someone please explain how transferring over that much money into china makes the value of chinese currency rise?
KingRockets 3 months ago
@KingRockets if China uses their US dollars denominated assets such as US dollar cash and US T-bill/bonds at home, that puts selling pressure on the US$ denominated assets and buying pressure on the Chinese currency. Selling dollars while buying Chinese currency raises the value (in dollars for sure, and other currencies likely) of the Chinese currency and lowers the value of US dollars (in Chinese currency for sure, and other currencies likely) causing higher prices in the US as US$ falls.
dpm3759 2 months ago
@KingRockets Dirt is cheap because there is dirt everywhere --so its free. Gold is very rare, so the people that have gold, can sell it high prices. The US has been printing a lot of dollars the last few years and it is weakening our dollar. Why? There is too much of it floating around. The Chinese to prevent this, they keep their assets in US dollars. Because if they convert it to Chinese currency, then they will have too many Yuans (Chinese currency) in their market which will weaken the Yuan.
bboyzjimmy1 2 months ago
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China train accident kills hundreds, chinese coal mine gas blast kills 29, chinese don't help a dying toddler rolled by 2 trucks, chinese poison their own children with melamine, chinese deport starving north korean defectors back to north korea... FUCK CHINA... need to say more?
Gwegqwet 3 months ago
Maybe that could get our F***ing jobs back over here. I personally am employed but that seems the simplest answer for us right now.
jarthurs1981 3 months ago
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The pope is the anti christ which the lord JESUS warned us about. The pope and jesuits and freemasons and illumanati and the rest of the secret socities control the worlds economy. They are crashing the worlds economy on purpouse so they can set up the pope as The God of this world. This is all satans plan but the lord jesus warned us that this would happen. worship the lord jesus christ only not the pope and you will escape hell. why do you think the us went to iraq it was part of there plan
vladimirkovalski 3 months ago
A china man was caught shop lifting and ran out the shop. The shop keeper chased after him and said "hey you, stop" The china man stopped, turned around and said, "how you know my name", PMSL
weslake898 3 months ago
@weslake898
You r a fxxking idiot ! Westerners have given names like "dick", surnames like "coffin"..... what so fxxking funny about yr joke.
Trash talking rubbish jokes.
mbbsc 3 months ago
@mbbsc ROTFPMSL
weslake898 3 months ago
Look commodity cournties, like Austrailia, Brazil and so forth, sends the chinese resources, and the chinise sends them US paper that they got for sending the US the final products. Now, this video wants you to believe that the Chinese and the rest of the world can't consume the products the chinese make with the worlds resources. They can! All the producing countries have to do is let the Dollar tank. The US is exporting inflation and importing products. It's criminal!
Fernandolunatoro1 3 months ago