@all028 as you can see, I just destroyed fastkill with EVIDENCE. I don't have a problem with people having an opinion but opinions don't supercede evidence. to say canada should be out of the g8 is laughable...fastkill is entitled to his opinion but it doesn't change the fact canada is a g8 country. well, my work here is done...I got better things to do than waste my time with a novice thinker
@pdynamics1 Canada is in G8 but Canada isn't important at all, Canada looks like a funny small dog beside the US. Yes Canada has whatever power system or Japan has whatever methods, however the base of Canadian and Japanese technology and economy are from the US or Europe, I don't just talk about these system and methods alone. Why do you need me to repeat it to you again and again but you still can't understand? Btw our space tech is better than Japan and EU and you say it's little success?
@pdynamics1 Also there are many many articles about Chinese talents back to China not only just one on Google, you should check them all out before you ask me to give you more evidence. G8? G8 isn't working anymore, G8 is just a small party for doing nothing, now it's the time for G20, please don't just know how to live in the past.
FACT - IMF was wrong about Canada's bankruptcy. Evidence submitted was to google imf canada bankrupt. Your rebuttal was those IMF experts were 2nd class. Again, where is your evidence these IMF experts were 2nd class and name these officials please?
As you can see, you've been lacking EVIDENCE and only submitted fatuous assertions. I leave you dazed and confused.
@pdynamics1 Lol you have to ask your friend to give you support, that shows you lack of confidence. China has much better economy than India, your friend is a fool to believe only the talents from India went back to their country not the Chinese. In the article on USA TODAY also mention a lot of Chinese talents back to China but he just tried to ignore it. Free market? US gov't keeps printing money looks more like crime to me than free market. Where was your evidence when you attacked Iraq?
FACT - Chinese dollar is pegged below the US dollar to maintain manufacturing dominance; hence, they're still in the manufacturing ghetto. You wrote 'they did not want to change the world too fast' as a counter without evidence. Who are these chinese gov't officials and when will the dollar be floated freely? Please give evidence. My evidence was submitted when I said to google 'bernake float yuan'
@pdynamics1 Chinese gov't keeps the Chinese currency low is just temporary, Chinese RMB is on the rise, our market is bigger and bigger even your president Obama has to ask our Chinese to buy more of your American products. Our technology is better and better, our super computer even is faster than yours, our train is the fastest in the world, we build the largest dam in the world, we build the most difficult rail road to Tibet. If you think we Chinese don't have innovation you must be a fool.
@fastkillmmm - I'm not sure why u want to get into a debate about Canada's legitimacy since it's off topic. But, I'll give you evidence anyway: Lookup ballard power systems. The first hydrogen fuel cell technology developed in Canada by dr. geoffrey ballard. You might also want to consider the FACT Canada is a g8 country which means they have one of the top 8 economies in the world.
@pdynamics1 Canada in G8? Seriously Canada should get out of G8, Canada looks like a small dog inside there and look so bad. Whatever power systems you have all are from the US tech, your Canadian industry is based on the American technology even the whole country is a copy of the US, what people see Canada is just another US's state.
@fastkillmmm - in the future, give evidence not opinions. Genichi Taguchi's methods from Japan were huge innovations in stats and helped pioneer signal-to-noise ratio in TCP/IP. His methodologies are being used in Boeing and xerox for example. this is EVIDENCE that innovation came from japan NOT an opinion by me. lookup genichi taguchi on wikipedia
@pdynamics1 Whatever Japanese have today is based on the learning from the US and Europe, I don't say is bad, but it's true that Japan is a copy of Western country, from their politic, economy, society to their technology, almost everything of course they improve themselves and make good cars and TV. Same as S Korea and China, China is a little bit late but every year we send thousands and thousands of students to the West to learn now we produce the fastest computer and train.
@fastkillmmm - "Why do I have to provide more information to you" I did look at some of your info and it's speculation. I also would've prefered statistical data not fatuous assertions. But it makes sense you cannot give that info I requested because you can't. You don't have the evidence to tell me who were the govt officials nor can u tell me the date & time when they will float their dollar.
@pdynamics1 It's speculation but it's based on the fact, the proof is our economy is much better than the Japanese and Russian economy after we reformed the country since 1978 and we continue to grow. And you ignore the fact that Chinese currencey RMB is rising but we keep it rising as a steady pace as we wish not the way you wish. If you say US is a total free market then you must ignore the fact US is printing their dollar each day, lol US gov't is more and more like criminals printing money.
@fastkillmmm - I'm not going to get into a debate about Canada's legitimacy or not because we're getting off subject. However, the fact remains is the IMF was wrong about Canada and you still haven't provided evidence as to who were those 2nd class experts that predicted it.
What you are doing is an equivocation fallacy. Look it up. it's very similar to the slippery slope fallacy. You're confusing speculation vs evidence. Readup on epistemology to get a proper understanding
@pdynamics1 What getting off subject? Canada doesn't have innovation you know that, now I mention Canada but you just try to run away. Japan has learned everything from the West from technology to copy the Western style of political and economic system, what they have today is the knowledge from the West, of course they know how to improve that I have nothing to say. Same as China we send our students to US to learn and we'll improve everthing. Why do you keep yep yep about?
@pdynamics1 Why do I have to provide more information to you if you don't even want to spend 5 mins to watch the videos I introduce to you and don't want to read the articles talking about Chinese talents back to China on Google as I told you? After USSR collapsed, Russian leaders were rush to change their economy but their economy crashed. Same as Japan, Japan raised their Yen too quick and their economy has stopped growing for 2 decades. You think Chinese leaders aren't aware of that?
@fastkillmmm - I've already told you that what you submitted is speculation NOT evidence. yes, china has improved and the US situation is serious which I have not denied. But that doesn't mean they will overtake the US and I've already told you the 3 criteria that will change my mind. Furthermore, the reason why I suggested the book is to show you the fallacies you're making. But, if you don't want to review it, then that's fine with me...
@pdynamics1 I've read so many interesting articles from China dot com about what Chinese leaders have in mind about the world, Chinese leaders saw what happend in Russia and Japan, they won't repeat their mistakes, therefore China has much better economic performance than the rest of the world after the 2008 economic crisis. However most of these articles are written in Chinese, Western medias just keep blind eyes on China, most of the Westen reporters don't report what the Chinese experts say.
@fastkillmmm - There's also predictions from political experts there will be a revolution in the next 5 - 10 years which could usurp their financial stardom. In fact, one protest just happened recently after what happened in Egypt. Google chinese protest egypt. The chinese authorities have now censored the Internet as they perceive it as a threat to their authority. Do you doubt these predictions as well?
@pdynamics1 The Chinese leaders saw Russia changed their political system too fast and its economy crashed and after Japan raised their Yen sharply under the US pressure, Japan's economy stopped growing for 2 decades, Chinese leaders won't make the same mistakes as the Russians and Japanese did, they change China steady and it's working. Why do you keep ignore the points I gave you but keep asking me to read your book? You don't even want to spend 5 mins to watch the videos I introduce to you.
@fastkillmmm - i've never denied china has improved but that doesn't mean they'll overtake the us. So far, your evidence has been mild and laced with speculation like when you said "they don't want to change the world too fast." Again, no evidence. You need to be more concrete with statistics and trends.
@fastkillmmm - No, I'm not joking about Japan but perhaps I didn't explain well. The difference is Japan had education reforms and true open market unlike China. Furthermore, to say IMF experts don't know much about Canada is LAUGHABLE. Basically, you're saying they are right about China but incorrect about Canada....sorry, it doesn't work that way
@pdynamics1 Lol you didn't tell me after WWII US gave Japan billions and billions of dollars to help Japanese to build up Japan. Does China need education reform and open market? Yes China does need but China only reform it step by step, anything too rapid only creating chaos in China. Look at Russia, after USSR collapsed, Russian leaders reformed the economy too quick, the Russian economy crashed. Same as Japan, they raised their Yen too fast in the 90's, their economy stop growing for 20 yrs.
@fastkillmmm - yes, US gave lots of money to Japan AND REFORMED their entire system to permit open markets and proper education. As for Japan, that is correct...their economy has been stifled even though the pundits (including many experts) predicted they would surpass the US. I suggest you read the book from Dan Gardner because he shows with EVIDENCE the folly in predicting the future without EVIDENCE. You've only submitted speculation according to epistemological standards
@pdynamics1 Why do I have to read your long book if you don't want to watch some of videos I suggest to you? And did you read the articles under the topic "Chinese talents back to China" on Google? There is a long list of articles for you to read but you refuse to read. Yes some people wrongly predicted Japan would surpass the US but it was right to predict the US's power is declining, and based on the the real economic growth rate, your famous experts predict China will surpass the US in 2016.
@pdynamics1 Canada is such an unimportant country that no one pays any attention on it, no one knows what Harper is doing, that's why there are only the 2nd or 3rd class experts to predict Canada anything. If IMF's predictions only are wrong then people inside there would all lost their jobs long ago. Why don't you just calm down and listen to your own Western experts talking about the economy. I know it's very hard for you to accept the truth.
@fastkillmmm - "Canda is such an unimportant country" Are you kidding me? They're one of the US biggest trading partners. And how do you know they were 2nd or 3rd class experts? Where's your evidence of that?
Second, I don't deny the US' problem is serious. But I've already told you the 3 points that will change my mind and so far, you haven't given enough evidence. The best example is when you stated China doesn't want to "change the world too fast" which is speculation not evidence
@pdynamics1 Americans always think Canada is a little dog sleeping beside the US, Canada has no innovation anything, everything from Canada is copy from the US, from technology, economy, culture etc., Canadians only watch American TV, movies and sports, listen to their music, act like Americans, Canadians worship US leaders more than their own leaders. Yeah now you agree with me Japan has no innovation, Japanese have to copy the technology and political system from the US, good that you admit.
@all028 - As suspected, he gave mild evidence and speculation. This is not how you cultivate innovation. When the US was born, did it goto another nation and borrow their technology? No. What they did was create a free market, proper education, and so on. the same applies to Japan after WW2. What fastkill is proposing is unorthodox.
Speculation is not evidence; some speculate a democratic revolution will occur before their financial stardom.
@pdynamics1 Are you joking me? Japan stole so much technologies from the West before and after WWII, do you think they suddenly knew how to make airplanes, cars and TVs so on. Same as the US, without the technologies and money flooding into the US from Europe, US wouldn't have the status today. Canada is a small nation no one knows, think of this way, how many experts in IMF know about Canada? But everyone knows IMF is a top institute in the world which made so many predictions came true.
@fastkillmmm - "Don't be a slacker" how can I be a slacker? The onus is on you to tell me what to google; otherwise, I might lookup the wrong thing. You are the slacker because you didn't tell me what to look for.
Anyway, nobody is denying china has improved. But what you just gave me and all28 is mild and speculative at its best...I was hoping for some statistics. Also, this is not a proper way to cultivate innovation but in your mind, it is...
@pdynamics1 Very good, you have seen the video you should know China is rising, yes it's speculation based on evidence, those top economic experts don't just sit there to release some bubles, they have to do a lot of researchs before they make any prediction. Why do you believe in yourself more than your own top economists?
@fastkillmmm - "Why do you believe in yourself more than your own top economists?" Read a book from Dan Gardner called Future Babble. He researches predictions with UK Berkley Professor Phillip Tetlock. It's a fascinating read and shows how once it was predicted Japan would overtake the US back in the 1980's with many, many other examples.
@pdynamics1 The IMF predicts China to surpass US is based on the current economic growth rate of both countries that in 2016 China will surpass the US. Anything happen to stop this or to increase the process no one knows. Although someone wrongly predicted Japan overtake US but it was right to predict US is declining, back to the 50's US shared about 50% of world economy but now US shares 20% of world economy. Stop just read 1 or 2 books and think you know the world, US is falling down fast.
@fastkillmmm - "Stop just read 1 or 2 book and think you know the world" No, I never said that I know the entire world...where did I say that? I'm making a suggestion for the book to understand what I'm saying because it is difficult to explain in 500 characters...(not to mention it explains it with evidence)
@all028 - Yup, thank you. Note how the evidence still has not been provided. the onus is on him to give the evidence since fastkill made the declaration; instead, he just says google it. Futhermore, you are right about the chinese dollar not being floated freely but I kept quiet about it. I wanted to see what proof he was going to give but he gave nothing...
Although this is a serious issue, China won't overtake the u.s. They lack innovation. U.S still produces the majority of innovative goods and services. China seems happy to be stuck in the manufacturing ghetto.
Besides, Britian was bankrupt after world war 2 and dug their way out of it.
@pdynamics1 Don't blow your US too big, go watch this video on Youtube----->Peter Schiff - CNN April 25 2011 U.S. vs. China<------ to see how your own American expert saying about your own American economy.
@fastkillmmm - I'm not denying the problem in the US is serious. In fact, it is serious but that doesn't mean China will overtake them. China lacks innovation and stifles innovation when it is perceived as a threat to government authority. Remember, innovation is the hallmark of capitalism
@pdynamics1 Innovation? About half of employees in US hightech companies are from China and India, where is your innovation? Now US is falling down, more and more of these talented people are moving back to their countries to seek better opportunity. US is full of debts, when China's economy surpass the US in 2016 as IMF says, China and other countries will dump US dollar as their foreign exchange reserves, then US economy will collapse.
@fastkillmmm "About half of employees in US hightech companies are from China" Yes and you said the KEY word in that they are US companies and not chinese. Also, you might want to look at the top education institutes in the world like havard & MIT. I've been to china and they are in need of serious education reform.
"US is full of debts" I agree and the problem is serious as well as their wasteful spending. But let's see what happens in 2016....remember this conversation
@pdynamics1 But already so many Chinese talents went back to China and continue due to China are providing them good conditions to invest in China, they take the knowleges learned from US and back to China with them. Yes you still have top education institutes but more and more of students are foreign students from China, your high schools can't produce good students like before that's why US universities are occupied by foreign students. You've been to China? Lol, I'd live in US for many yrs.
1. I've been to china, the us, and canada because I use to work for the IOC
2. You also forget that many chinese students goto the US to attend their universities
3. You say "knowleges learned from US and back to China" First, u need evidence to support this. Second, it still doesn't change the innovation is still coming from the US and not china. So I agree with you if it's true. thanks
@pdynamics1 Yes Chinese students go to US to learn from US but US itself can't produce students to study in their own universities like before, if you don't have good students now you will lose your innovation in the future. Yes many students or Chinese employees in US companies went back to China with their knowledge learned from US, that's exactly what the Chinese gov't wants. Why does China want them back if they don't have new special knowledges?
@fastkillmmm - "can't produce students to study in their own universities like before" And many chinese students choose to STAy in the US as well rather than go back. Furthermore, I've worked with many chinese people and many do not like how the communists operate in that they're beaucratic and have business taxes. They also stifle innovation when it's a threat to their authority like censoring the internet.
@pdynamics1 Oh I know many Chinese students choose to stay in US but after they learned all the knowledge from US companies a lot of them choose to move back to China because China provides very good condition for investors who invest in hightech. In many areas in China if you start a hightech business you don't have to pay taxes for the first 3 yrs, that's why China attacts more and more investments from the West, and keep growing. Yes sensoring on some politic issue but not technology.
@fastkillmmm - If you think this is a proper way to cultivate innovation, then so be it. It's still coming from the West and u still haven't provided evidence as I asked earlier. anyway, I'll only change my mind under 3 conditions:
1. Education reform in China
2. China starts to move away from the manufacturing ghetto
@pdynamics1 Yes it's coming from the West but not in the future. Evidence? Why don't you google it by yourself and find out there are so many Chinese technology talents already went back to China? 1. Education reform in China? China is reforming everthing including education. 2.China starts to move away from manufacturing ghetto? China is moving from manufacturing ghetto, you'll see more and more. 3.True open free maket? Wether free or not Chinese leaders will do everything is right for China.
@fastkillmmm - As stated, if you think this is a proper way to cultivate innovation, then so be it. But let's see what happens in 2016 as you mentioned earlier. Until then, I'll be watching.
@fastkillmmm BHAAHAHA...china is in desperate need of education reform as there students continue to flock to the united states. you need evidence to prove that. Also, they are not moving out of the 'manufacturing ghetto' because they continue to peg their dollar below the US rather than let it float freely.
@all028 The US needs education reform, most of your American high school students don't even know Washington is the US capital city. What you see is Chinese students going to US but what you don't see is Chinese students or Chinese employees in US companies take their knowledges back to China, that's why China has the fastest computer, fastest train and wind, solar system can match the US. Chinese are moving out from the manufacturing ghetto, you'll see clearly in the future and RMB is rising.
@fastkillmmm - what you are doing is predicting the future without evidence. First, nobody can predict the future accurately. Second, if you can show a trend in that direction with evidence, then ok. So far, you have not provided evidence. You only told pdynamic to google it. Google what??? Third, I've given YOU evidence about the chinese dollar being pegged below the US dollar in order to maintain the manufacturing dominance.
@all028 I didn't predict the future, the IMF predicts the future, those are Western experts, go check out these 2 videos on Youtube--->"Will China's Economy Surpass Ours Within 5 Years?" and "Peter Schiff - CNN April 25 2011 U.S. vs. China" to see it by yourself. Chinese leaders still keep the RMB low because we don't want to change the world too fast then the whole world can be in trouble, but the fact is Chinese RMB is steady rising. Also check out "Chinese talents back to China" on Google.
@fastkillmmm - you actually are predicting the future based on your comments. Furthermore, the IMF isn't always right....as stated by all28, nobody can predict the future. The IMF once predicted Canada would be bankrupt in 1990's but the chretien/martin governments turned it around. Google imf canada bankrupt. I know this to be true because I was living in Canada at the time. their introduction of a federal sales tax along with deep cuts over several yrs changed everything
@fastkillmmm - for evidence, google 'bernake float yuan' Since China refuses to let their dollar float freely, then they want to maintain their manufacturing dominance; hence, they're still in the manufacturing ghetto. Also, on one hand, you wrote "The US needs education reform" and yet, you concede the top education institutes are in the US. you contradicted yourself.
@all028 I've never said the top education institutes aren't in the US, what I said is the Chinese students learn all the knowledges from US universities and companies and contribute them to China therefore China's technology progress rapidly. Yes US has top universities, the goal of the US universities should be to train your US students but most of your high school students only know how to take drugs and shoot their schoolmates at school, Chinese students start to occupy your universities.
Anti-American Americans amuse me... what exactly do you plan on doing if your wish to see your own country die comes to pass? Move to some beach house in Fiji? It doesn't work that way, kids. Instead of sitting around and complaining, we should all be doing our best to help restore and eventually surpass this nation's former glory (without the er... "special" methods that were used back then). It's my home, and I care about this place. I don't want to see it destroyed, but further improved upon.
Americans are so ungrateful; china is really helping them; I think the u.s should be realism; U.S needs china and give china some support instead of blame china; looks at germany, Japan, south korea , france etc doing billions of business in china; The u.s competite with these countries in china; I only see Europeans and korean and Japanese cars in china, not the u.s
I hope we weaken our dollar to devalue their assets. Similar to them under valuing their currency to keep the balance of trade and cheap labor in their favor. China shouldn't have that many American assets they aquired them through currency manipulation.
@joe4606 under valuing? on what point u think that is?because your government told u so? The entire problem is from yourself,the mortgage and credit u cannot pay back and collapse the entire world econ. the cheap labour have no responsibility to pay your bills,they have a poor living standard and if the currency raise they will still be a cheap labour compared to the US standard.
@dimitrilevampire are you crazy? in 2006 i wanted to buy chinese currency @ nearly a 7:1 ratio anticipating a sharp rise in value, since then their currency has next to nothing dispite heavy economic gains
@dimitrilevampire not to mention the trillions that CAN still be paid back (the people who won't default) and the fact that china suppresses chinese spending (where are all the ferraris, lamborginis and other expensive cars china should have with all the newly aquired wealth) cars are just a small example
@joe4606 are u kidding me I live in HK and just 3 years ago I change my money for RMB is 100:135, now my 100 are 86. while HKD are related to USD ONLY...I called your claim bullshit, and Look at the same thing u played with Japan in the 80s, u force them to rise and guess what? they fucked up and your not helped. all u potato uncapable of critical thinking isnt it, it just a lame excuse your rookie geithner can think of,and the obama government can look good to transfer the crisis to the others.
@dimitrilevampire scammer? americans are defaulting because are jobs are in china now...and i'm not even mad like you are about it. are you crazy enough to believe that the american job market is weakened at NO benefit to china? and if the USD is going to be the world's currency then obviously more dollars will need to be printed when a 1.3 billion man market is tapped into.
@joe4606 You don't see the point there with all the figures? China is not America's factory,everyone buy from us.You're not even the biggest market of our trade.Your company choose to buy our products and that's how they get more money and benefits from,You should ask the rich people in your country where the money gone?You bought those things for over 3 decades now, and suddenly you lost all your jobs and wanna be a factory workers...and not everyone in China is working for the outside need..
@joe4606 if it's not China,it will be india,Africa...or any other place your Business owner will purchase from.and we asked for buying items from you but your policy is to oppress us,so your technology items will never get into our markets....
@dimitrilevampire oppress? I don't follow. Are you referring to the purchasing power of the yaun? What you're saying doesn't make sense. You basically said American companies don't want to sell to Chinese consumers.
@joe4606 if we didn't buy your bond u would be totally collapsed last year with the mortgage,and thanks for returning the favor after we borrowed trillion dollars to you,then you say it only worth a trillion if you raise the Yuan for 40%
@dimitrilevampire If you didn't buy our bond China would collapse too...the whole world my friend. Not just America. China is not innocent and you know this, or you refuse to believe it. If you don't need America or America is a bad investment then stop selling your goods to us.... You need our jobs too...so you lure Steve Jobs into your market with under valued currency. Why should I blame Steve Jobs when I should do exactly what he does...hire cheap chinese. Blame your government.
@joe4606 It's meaningless to talk with you since you are one of those who trusted your hoax news so much,and who is manupilating the currency here?the one who devaluing it when their econ fucked up?or the one with an open ratio system related to euros and other currencies?
@dimitrilevampire our government doesn't allow sweat shops and our government does not run its citizens over with tanks...do you really think our government is to blame?
@dimitrilevampire One thing I do blame my government for...tariffs should have been place on chinese goods years ago. tariffs to offset the under valued yuan.
@dimitrilevampire pick one from the stand point of a business owner: 12 hours of labor @ $20 or 12 hours of labor @ $100...I call your claim naive. and china my friend, is now attached at the hip...if the shitty american consumers stop their "wreckless" spending, say bye bye to chinese jobs. believe me i'd much rather have a middle class restored here in america than to outsource the whole class to china...so stop complaining.
@joe4606 so you business owner have much better profits and the money gone to nowhere...interesting.And oh,do u really think Americans love to work as miners,farmers and slavery factory labour?u know how much money China makes for an Ipod?4 USD.You know how much steve jobs make?80USD. Dealers and retailers?75 USD. parts maker in US? 8USD. so...u really think that 4USD per ipod can help your Trading problem..good luck then.
@dimitrilevampire American trading problem? Put down the opium. How about the Chinese dependancy problem. Your government HAS to under value it's currency in order to maintain a competitive edge in the global economy...how else would you be able to get jobs for all your citizens? You HAVE to bring Steve Jobs into China. And then you sit back pointing your finger at me? American consumerism creates chinese and indian jobs. You are so ignorant and naive along with Wen.
@joe4606 ignorant? so u are saying we being competitive is wrong? are u stoned redneck? Steve jobs choose to be here for his own benefit,to be competitive.You blame us for that????Who is ignorant u think China is only making products for America???and u think i.e Apple giving a lot to us? wake up and smell the 4 USD.
and our money is not under valued,it's only comes up to your mind in this year because u fucked up your own econ..Githner says so oh and that's must be the truth...use your brain.
well,,, 95% of rare earth is come from china. your iphone, ipad, computer, all weapons, ps3, Wii. led TB. is made in china, if you doing some research on 'rare earth' on news you will find the answers, image that without China, USA hi tech will be garbage
@lawrencekk no America have rare earth resources as well, they lied about it because mining those thing will completely destroy the environment so they buy from China instead,keep themselves clean,and keep their resources for special time like war,because it needed rare earth metal for making missiles.
we need to stop allowing all these countrys to sell us prtoducts and make our own factories and make our own products . can u imagine if we made our own ceramic toys clothing use our own gass they stock 70 percent into the reserves of our oil and sell the rest to other countrys. we also buy from other countrys . america needs to depend on itself not china or anyone else
All this because Obama continues to spend billions of dollars we don't have on ridiculous things like further expanding his government and taking over industry after industry. Obama should be thrown out and replaced with a competent leader who knows what he's doing.
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why don't you idiots rethink of who educated the Chinese all these years....the American! and now we are gonna pay for it. Our children today are sticking their dumb heads into video games, ipod and drugs while the chinese are busy building their own empire...wake up Americans.
China has America by the balls as much as worker's pension funds have wall street by the balls. China needs the US for its own internal monetary and class stability. 57 of 100 top universities are in the US and 0 in China. China relies on more foreign investments more exports to the world more imports of raw materials and more foreign technology than any other export oriented economy at this stage of development. The US is not going anywhere and CHina isnt taking over. Be rational
This country was built on industries and because of greedy corporations that want to say they are american companies - Walmart being the biggest of them all - Americans have lost jobs so greedy corp. can make billions more because they were not happy with the billions they were already making - These companys have turn their backs on the American worker so return the favor and turn your back on them as often as you can - Unite America and take your country back from un-american conpanies
Clinton administration signed the trade agreement with chinese communist not the american people - Lets boycott chinese made crap and bring industries back to this country - and for the companies that moved over there they can stay there - they are communist supporters - United it can be done when you shop ask for proof that the chinese products they sell are poison free and pollutant free - ask for products produced in democratic countries and let them know that you do not support communism -
zx1031 --- Russian Federation and China are not barehanded , IRAN is getting weapons to defend itself , IF USA economy sinks further we may expect USA attack IRAN ...
Dude, you are total wrong. For America, just their citizens are human. Others in the world are just animals such like people in Korean war, Vietnam, Afganistan, Iraq in nearly 50 years. They can kill anybody with any reasons. Just be careful when you talk to an America, don't piss them off. Those guys can shoot you with their guns. You can not fight back cause you are barehanded.
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Don't hate the U.S for those wars. We were in every one of those wars because countries were too weak to fight off their adversaries. So we fought for them.
if they wanna wait 200 years ya they are safe. listen china is tooled,and has a more free market than america does now. its been handed an opportunity to be the financial capitol, along with being the new world currency. recession hurts but they can always start up the industry while america cant. if you have money u can bank on a way better return in china. the only money making in america will be commodities,to asia,which will drive americans into poverty. smart move america
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Okay, anytime you invest money there is an inherent risk. China invested in T-Bills & now they want to bitch & moan because they're investment is not paying out as much as they'd like. So, here's my message to China, FUCK YOU. You had no problem taking our manufacturing jobs, did you? You devalude your currency to steal even more jobs from America. What the fuck do you expect? Keep fucking with us & we'll air mail your cash back to Beijing on a ballistic missile
America fails because of people like me? America is failing because of people like you. Americans don't have balls anymore. They don't have the courage to stand up and fight when their country is being bled dry. America fails because of people like me? I have served over 8 years in the U.S military. I just care about my country & I speak up, unlike you. You don't even have a concept of what the word 'America' means.
@jasonus03 who are you going to fight? the bankers and financiers? retard! just clean the latrines and yell hoorah and leave matters requiring intelligence to us.
That Obomination is an insult to our intelligence. Are we all supposed to believe he is the president of the United States? They keep him in line by whispering in his ear, "...remember Abraham Lincoln and John F Kennedy, little fella!".
But they were Real americans men who loved their country justice n Liberty why do americans vote today i'll never know their new "puppet front man is chosen for them months maybe years in advance china is in a weak possision holding trillions of papr money printed by private bankers Not based on FA reserves n they will make the $ worthless when the time is right for them n maybe print"new money bassed on gold ONLY they hold ALL the gold as they made it illegal for citizens to hold gold a joke
I don't think Chinese Government is dumb. They are using money to buy influence. Which is a pretty smart move. Consider the entire world is rule by money. We are nothing by a slave to the bank anyway.
The Chinese, the Russians and the US should become allies in the war against the private banks that are destroying the US and world economies. That's the real enemy we should all be fighting.
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.
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Currently, Chinese government is dumb, US citizens are dumb. What a dumb and dumber couple. All the great US presidents will be shot, apparently Obama is not a great president.... Chinese citizens are prone to be shot. When Obama is shot, That means Chinese citizens will be shot, cause the true asshole behind Obama will take control and use Chinese citizen's money to start a war from Afghanistan.
Ooops, forgot another brother in America...Cuba, China should also invest to Cuba, and do something with eastern Europe, now it's a perfect time to make more friends with Eastern Europe, and north and south Africa,
More troops on Afganistan? That means putting threat to China's backdoor, also threatens Russia. US and China relations is on a all time low at the moment, and Wen is lending US money to threaten it self and it's borther Russia? Wen is either a complete idiot or he is Capitalized! China should lend money to Korea and Iran for nuclear projects while selling their T-bonds, at the same time buy lots of God, raw material and fuel. And more diplomatic resources on Europe and Australia.
I meant Gold, big fingers, small keyboard. Chinese government is so dumb, funding people to surround them with troops...Man, If I were a communist, I'll be so pissed, I'll strap a bomb and blow up Chinese dumb corrupt officials.
If US collapse, China will too? Forgotten China is a communist country? They don't really care if economics collapse, but they do care if they don't have enough Fuel supply and raw materials, two decades ago, there were no "economics" in China remember? Drag US down and make sure they nationalize every sector, then US will become a communist too, A world of communist! Voila! Wen jia Bao has operated against communist doctrine, he should be shot if Mao is still around.
USA is in a Inflation, and China is in a Deflation, what it means is that, USA Inflation= prices going very high, the poor people cant afford, China is in trouble because, Deflation = prices keep droping, poor people can buy shit loads of stuff for cheap. Since china produces so many factory products and demand keep falling, so the factory products in local area prices keep droping, lol, i think Deflation looks better than Inflation , even though both is bad.
China is also on inflation......Government subsidies does not count in CPI. The food price has increase so much, stop lying. moderate Inflation for China is not a bad thing.
You dumb ass, if you go to market to buy stuff you will notice it's on an inflation, inflation is defined with CPI index, not the price of your exports! The demand in China is still pretty strong. USA is not on an Inflation yet, they will if the currency of USD falls sharply, and that also means Chinese T-bonds in US will be fucked! Dumb Chinese government.
Russia as reserve currency holder is a joke - it will be a mixed bag including yuan and euro most likely - though either yuan or euro could probably do it alone.
However I dont hold much faith in any fiat currencies lasting much longer. Soon someone will pull the trigger on the Golden Gun, and all hell will break loose.
China should be worried - US is totally broke, can hardly pay interest. Printing notes flat out at least cuts down the cost of the debt through inflation - but China is losing around 10%pa on its treasuries due to a combination of rising yuan and falling dollar - they wont hang on long, and as soon as other countries see them starting to get out, it will be a stampede for the exits - bye bye $US, bye bye US.
What kind of crap news commentary is this? It really shows a lack of even basic financial knowledge among the so called journalists. The yield on treasury securities have shrunk as investors fly to safety. This means asset values have gone up. China made a killing "on paper" on its t-bills.
I would be worried if I were China. China could lose all of their investments in US Treasury debt, especially if Russia gets its way with a new global reserve currency in place of the Dollar as the world's reserve currency. Half of the dollars in the world are held abroad. The government is trying to print its way out of debt and to stay afloat. Rampant inflation and the loss as the reserve currency will likely lead to inflation and the destruction of treasuries.
Scary! The US is in a very deep hole and is pulling everybody down with it. How much longer can the world bailing the US economy and the country? Feel bad for China to hold $ trillions of US bond that worth almost nothing now. The US is printing the money faster than the printer can handle. One word, BAD........
americans should stop watching CNN which makes them hate all other countries, first 48 that makes them hate blacks and themselves in the mirror which makes them hate themselves.
its true, americans are just retarded sheeps that follow with what their CNN and BCC news said, they said that those news are 100% none China communist brainwash, LMAO!!! how retarded can those americans GET.
@fastkillmmm Canada is in the G20 as well. Also, you still have not refuted the evidence given by pdynamic.
You failed
all028 7 months ago
@pdynamics1
fast obviously doesn't understand the difference between speculation / opinion versus evidence.
all028 8 months ago
@pdynamics1 I know. I read the article he gave 'foreigners are taking their tech talents back home' here are the FLAWS
1-In the article from USA Today, it states "There are no hard data available "
2-It also says many workers are going back to india. so what if it were more indians than chinese then? it would destroy his prediction
3-China has invested 'billions in R & D with little success' so what does that tell you? it shows innovation cannot thrive in a non-open free market
all028 8 months ago
@all028 as you can see, I just destroyed fastkill with EVIDENCE. I don't have a problem with people having an opinion but opinions don't supercede evidence. to say canada should be out of the g8 is laughable...fastkill is entitled to his opinion but it doesn't change the fact canada is a g8 country. well, my work here is done...I got better things to do than waste my time with a novice thinker
pdynamics1 8 months ago
@pdynamics1 Canada is in G8 but Canada isn't important at all, Canada looks like a funny small dog beside the US. Yes Canada has whatever power system or Japan has whatever methods, however the base of Canadian and Japanese technology and economy are from the US or Europe, I don't just talk about these system and methods alone. Why do you need me to repeat it to you again and again but you still can't understand? Btw our space tech is better than Japan and EU and you say it's little success?
fastkillmmm 8 months ago
@pdynamics1 Also there are many many articles about Chinese talents back to China not only just one on Google, you should check them all out before you ask me to give you more evidence. G8? G8 isn't working anymore, G8 is just a small party for doing nothing, now it's the time for G20, please don't just know how to live in the past.
fastkillmmm 8 months ago
@fastkillmmm - (part 3)
FACT - IMF was wrong about Canada's bankruptcy. Evidence submitted was to google imf canada bankrupt. Your rebuttal was those IMF experts were 2nd class. Again, where is your evidence these IMF experts were 2nd class and name these officials please?
As you can see, you've been lacking EVIDENCE and only submitted fatuous assertions. I leave you dazed and confused.
My work here is done...
pdynamics1 8 months ago
@pdynamics1 Lol you have to ask your friend to give you support, that shows you lack of confidence. China has much better economy than India, your friend is a fool to believe only the talents from India went back to their country not the Chinese. In the article on USA TODAY also mention a lot of Chinese talents back to China but he just tried to ignore it. Free market? US gov't keeps printing money looks more like crime to me than free market. Where was your evidence when you attacked Iraq?
fastkillmmm 8 months ago
@fastkillmmm - (part 2)
FACT - Chinese dollar is pegged below the US dollar to maintain manufacturing dominance; hence, they're still in the manufacturing ghetto. You wrote 'they did not want to change the world too fast' as a counter without evidence. Who are these chinese gov't officials and when will the dollar be floated freely? Please give evidence. My evidence was submitted when I said to google 'bernake float yuan'
pdynamics1 8 months ago
@pdynamics1 Chinese gov't keeps the Chinese currency low is just temporary, Chinese RMB is on the rise, our market is bigger and bigger even your president Obama has to ask our Chinese to buy more of your American products. Our technology is better and better, our super computer even is faster than yours, our train is the fastest in the world, we build the largest dam in the world, we build the most difficult rail road to Tibet. If you think we Chinese don't have innovation you must be a fool.
fastkillmmm 8 months ago
@fastkillmmm - Let's review:
FACT - Canada is in the g8. Feel free to google g8 countries for evidence but u downplay it anyway
FACT - Ballard power system's technology was invented in Canada not the US or europe. Sorry. Goto wikipedia and lookup the company for evidence
FACT - Genichi Taguchi's methods were invented in Japan not the US or europe. Goto wikipedia for evidence and his innovation is being used by xerox.
(part 1)
pdynamics1 8 months ago
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fastkillmmm 8 months ago
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pdynamics1 8 months ago
@fastkillmmm - I'm not sure why u want to get into a debate about Canada's legitimacy since it's off topic. But, I'll give you evidence anyway: Lookup ballard power systems. The first hydrogen fuel cell technology developed in Canada by dr. geoffrey ballard. You might also want to consider the FACT Canada is a g8 country which means they have one of the top 8 economies in the world.
pdynamics1 8 months ago
@pdynamics1 Canada in G8? Seriously Canada should get out of G8, Canada looks like a small dog inside there and look so bad. Whatever power systems you have all are from the US tech, your Canadian industry is based on the American technology even the whole country is a copy of the US, what people see Canada is just another US's state.
fastkillmmm 8 months ago
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pdynamics1 8 months ago
@fastkillmmm - in the future, give evidence not opinions. Genichi Taguchi's methods from Japan were huge innovations in stats and helped pioneer signal-to-noise ratio in TCP/IP. His methodologies are being used in Boeing and xerox for example. this is EVIDENCE that innovation came from japan NOT an opinion by me. lookup genichi taguchi on wikipedia
pdynamics1 8 months ago
@pdynamics1 Whatever Japanese have today is based on the learning from the US and Europe, I don't say is bad, but it's true that Japan is a copy of Western country, from their politic, economy, society to their technology, almost everything of course they improve themselves and make good cars and TV. Same as S Korea and China, China is a little bit late but every year we send thousands and thousands of students to the West to learn now we produce the fastest computer and train.
fastkillmmm 8 months ago
@fastkillmmm - "Why do I have to provide more information to you" I did look at some of your info and it's speculation. I also would've prefered statistical data not fatuous assertions. But it makes sense you cannot give that info I requested because you can't. You don't have the evidence to tell me who were the govt officials nor can u tell me the date & time when they will float their dollar.
pdynamics1 8 months ago
@pdynamics1 It's speculation but it's based on the fact, the proof is our economy is much better than the Japanese and Russian economy after we reformed the country since 1978 and we continue to grow. And you ignore the fact that Chinese currencey RMB is rising but we keep it rising as a steady pace as we wish not the way you wish. If you say US is a total free market then you must ignore the fact US is printing their dollar each day, lol US gov't is more and more like criminals printing money.
fastkillmmm 8 months ago
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pdynamics1 8 months ago
@fastkillmmm - I'm not going to get into a debate about Canada's legitimacy or not because we're getting off subject. However, the fact remains is the IMF was wrong about Canada and you still haven't provided evidence as to who were those 2nd class experts that predicted it.
What you are doing is an equivocation fallacy. Look it up. it's very similar to the slippery slope fallacy. You're confusing speculation vs evidence. Readup on epistemology to get a proper understanding
pdynamics1 8 months ago
@pdynamics1 What getting off subject? Canada doesn't have innovation you know that, now I mention Canada but you just try to run away. Japan has learned everything from the West from technology to copy the Western style of political and economic system, what they have today is the knowledge from the West, of course they know how to improve that I have nothing to say. Same as China we send our students to US to learn and we'll improve everthing. Why do you keep yep yep about?
fastkillmmm 8 months ago
@fastkillmmm - if you are certain about your info, then please do the following:
1. Name the chinese government officials who "didn't want to change the world too fast" and who looked at russia as an example
2. Please give me the exact date and time when the Chinese will let the dollar float freely to get out of the manufacturing ghetto
3. To say japan has no innovation is laughable. I acknowledged they gave them lots of money. Perhaps you should lookup genichi taguchi as evidence
pdynamics1 8 months ago
@pdynamics1 Why do I have to provide more information to you if you don't even want to spend 5 mins to watch the videos I introduce to you and don't want to read the articles talking about Chinese talents back to China on Google as I told you? After USSR collapsed, Russian leaders were rush to change their economy but their economy crashed. Same as Japan, Japan raised their Yen too quick and their economy has stopped growing for 2 decades. You think Chinese leaders aren't aware of that?
fastkillmmm 8 months ago
@fastkillmmm - I've already told you that what you submitted is speculation NOT evidence. yes, china has improved and the US situation is serious which I have not denied. But that doesn't mean they will overtake the US and I've already told you the 3 criteria that will change my mind. Furthermore, the reason why I suggested the book is to show you the fallacies you're making. But, if you don't want to review it, then that's fine with me...
pdynamics1 8 months ago
@pdynamics1 I've read so many interesting articles from China dot com about what Chinese leaders have in mind about the world, Chinese leaders saw what happend in Russia and Japan, they won't repeat their mistakes, therefore China has much better economic performance than the rest of the world after the 2008 economic crisis. However most of these articles are written in Chinese, Western medias just keep blind eyes on China, most of the Westen reporters don't report what the Chinese experts say.
fastkillmmm 8 months ago
@fastkillmmm - There's also predictions from political experts there will be a revolution in the next 5 - 10 years which could usurp their financial stardom. In fact, one protest just happened recently after what happened in Egypt. Google chinese protest egypt. The chinese authorities have now censored the Internet as they perceive it as a threat to their authority. Do you doubt these predictions as well?
pdynamics1 8 months ago
@pdynamics1 The Chinese leaders saw Russia changed their political system too fast and its economy crashed and after Japan raised their Yen sharply under the US pressure, Japan's economy stopped growing for 2 decades, Chinese leaders won't make the same mistakes as the Russians and Japanese did, they change China steady and it's working. Why do you keep ignore the points I gave you but keep asking me to read your book? You don't even want to spend 5 mins to watch the videos I introduce to you.
fastkillmmm 8 months ago
@fastkillmmm - i've never denied china has improved but that doesn't mean they'll overtake the us. So far, your evidence has been mild and laced with speculation like when you said "they don't want to change the world too fast." Again, no evidence. You need to be more concrete with statistics and trends.
pdynamics1 8 months ago
@fastkillmmm - No, I'm not joking about Japan but perhaps I didn't explain well. The difference is Japan had education reforms and true open market unlike China. Furthermore, to say IMF experts don't know much about Canada is LAUGHABLE. Basically, you're saying they are right about China but incorrect about Canada....sorry, it doesn't work that way
pdynamics1 8 months ago
@pdynamics1 Lol you didn't tell me after WWII US gave Japan billions and billions of dollars to help Japanese to build up Japan. Does China need education reform and open market? Yes China does need but China only reform it step by step, anything too rapid only creating chaos in China. Look at Russia, after USSR collapsed, Russian leaders reformed the economy too quick, the Russian economy crashed. Same as Japan, they raised their Yen too fast in the 90's, their economy stop growing for 20 yrs.
fastkillmmm 8 months ago
@fastkillmmm - yes, US gave lots of money to Japan AND REFORMED their entire system to permit open markets and proper education. As for Japan, that is correct...their economy has been stifled even though the pundits (including many experts) predicted they would surpass the US. I suggest you read the book from Dan Gardner because he shows with EVIDENCE the folly in predicting the future without EVIDENCE. You've only submitted speculation according to epistemological standards
pdynamics1 8 months ago
@pdynamics1 Why do I have to read your long book if you don't want to watch some of videos I suggest to you? And did you read the articles under the topic "Chinese talents back to China" on Google? There is a long list of articles for you to read but you refuse to read. Yes some people wrongly predicted Japan would surpass the US but it was right to predict the US's power is declining, and based on the the real economic growth rate, your famous experts predict China will surpass the US in 2016.
fastkillmmm 8 months ago
@pdynamics1 Canada is such an unimportant country that no one pays any attention on it, no one knows what Harper is doing, that's why there are only the 2nd or 3rd class experts to predict Canada anything. If IMF's predictions only are wrong then people inside there would all lost their jobs long ago. Why don't you just calm down and listen to your own Western experts talking about the economy. I know it's very hard for you to accept the truth.
fastkillmmm 8 months ago
@fastkillmmm - "Canda is such an unimportant country" Are you kidding me? They're one of the US biggest trading partners. And how do you know they were 2nd or 3rd class experts? Where's your evidence of that?
Second, I don't deny the US' problem is serious. But I've already told you the 3 points that will change my mind and so far, you haven't given enough evidence. The best example is when you stated China doesn't want to "change the world too fast" which is speculation not evidence
pdynamics1 8 months ago
@pdynamics1 Americans always think Canada is a little dog sleeping beside the US, Canada has no innovation anything, everything from Canada is copy from the US, from technology, economy, culture etc., Canadians only watch American TV, movies and sports, listen to their music, act like Americans, Canadians worship US leaders more than their own leaders. Yeah now you agree with me Japan has no innovation, Japanese have to copy the technology and political system from the US, good that you admit.
fastkillmmm 8 months ago
@all028 - As suspected, he gave mild evidence and speculation. This is not how you cultivate innovation. When the US was born, did it goto another nation and borrow their technology? No. What they did was create a free market, proper education, and so on. the same applies to Japan after WW2. What fastkill is proposing is unorthodox.
Speculation is not evidence; some speculate a democratic revolution will occur before their financial stardom.
pdynamics1 8 months ago
@pdynamics1 Are you joking me? Japan stole so much technologies from the West before and after WWII, do you think they suddenly knew how to make airplanes, cars and TVs so on. Same as the US, without the technologies and money flooding into the US from Europe, US wouldn't have the status today. Canada is a small nation no one knows, think of this way, how many experts in IMF know about Canada? But everyone knows IMF is a top institute in the world which made so many predictions came true.
fastkillmmm 8 months ago
@fastkillmmm evidence please!
pdynamics1 8 months ago
@pdynamics1 Don't be a slacker, check out "Foreigners are taking their tech talents back home" on USA TODAY.
fastkillmmm 8 months ago
@fastkillmmm - "Don't be a slacker" how can I be a slacker? The onus is on you to tell me what to google; otherwise, I might lookup the wrong thing. You are the slacker because you didn't tell me what to look for.
Anyway, nobody is denying china has improved. But what you just gave me and all28 is mild and speculative at its best...I was hoping for some statistics. Also, this is not a proper way to cultivate innovation but in your mind, it is...
pdynamics1 8 months ago
@pdynamics1 Very good, you have seen the video you should know China is rising, yes it's speculation based on evidence, those top economic experts don't just sit there to release some bubles, they have to do a lot of researchs before they make any prediction. Why do you believe in yourself more than your own top economists?
fastkillmmm 8 months ago
@fastkillmmm - "Why do you believe in yourself more than your own top economists?" Read a book from Dan Gardner called Future Babble. He researches predictions with UK Berkley Professor Phillip Tetlock. It's a fascinating read and shows how once it was predicted Japan would overtake the US back in the 1980's with many, many other examples.
pdynamics1 8 months ago
@pdynamics1 The IMF predicts China to surpass US is based on the current economic growth rate of both countries that in 2016 China will surpass the US. Anything happen to stop this or to increase the process no one knows. Although someone wrongly predicted Japan overtake US but it was right to predict US is declining, back to the 50's US shared about 50% of world economy but now US shares 20% of world economy. Stop just read 1 or 2 books and think you know the world, US is falling down fast.
fastkillmmm 8 months ago
@fastkillmmm - "Stop just read 1 or 2 book and think you know the world" No, I never said that I know the entire world...where did I say that? I'm making a suggestion for the book to understand what I'm saying because it is difficult to explain in 500 characters...(not to mention it explains it with evidence)
pdynamics1 8 months ago
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pdynamics1 8 months ago
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pdynamics1 8 months ago
@all028 - Yup, thank you. Note how the evidence still has not been provided. the onus is on him to give the evidence since fastkill made the declaration; instead, he just says google it. Futhermore, you are right about the chinese dollar not being floated freely but I kept quiet about it. I wanted to see what proof he was going to give but he gave nothing...
pdynamics1 8 months ago
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donate-us-debt.blogspot.com
What would America Be without Debt?
MrPhelps12 1 year ago
Recovery? Yet a nation of pharmaceutical drug users.
Gonji 1 year ago
Although this is a serious issue, China won't overtake the u.s. They lack innovation. U.S still produces the majority of innovative goods and services. China seems happy to be stuck in the manufacturing ghetto.
Besides, Britian was bankrupt after world war 2 and dug their way out of it.
pdynamics1 1 year ago
@pdynamics1 Don't blow your US too big, go watch this video on Youtube----->Peter Schiff - CNN April 25 2011 U.S. vs. China<------ to see how your own American expert saying about your own American economy.
fastkillmmm 8 months ago
@fastkillmmm - I'm not denying the problem in the US is serious. In fact, it is serious but that doesn't mean China will overtake them. China lacks innovation and stifles innovation when it is perceived as a threat to government authority. Remember, innovation is the hallmark of capitalism
pdynamics1 8 months ago
@pdynamics1 Innovation? About half of employees in US hightech companies are from China and India, where is your innovation? Now US is falling down, more and more of these talented people are moving back to their countries to seek better opportunity. US is full of debts, when China's economy surpass the US in 2016 as IMF says, China and other countries will dump US dollar as their foreign exchange reserves, then US economy will collapse.
fastkillmmm 8 months ago
@fastkillmmm "About half of employees in US hightech companies are from China" Yes and you said the KEY word in that they are US companies and not chinese. Also, you might want to look at the top education institutes in the world like havard & MIT. I've been to china and they are in need of serious education reform.
"US is full of debts" I agree and the problem is serious as well as their wasteful spending. But let's see what happens in 2016....remember this conversation
pdynamics1 8 months ago
@pdynamics1 But already so many Chinese talents went back to China and continue due to China are providing them good conditions to invest in China, they take the knowleges learned from US and back to China with them. Yes you still have top education institutes but more and more of students are foreign students from China, your high schools can't produce good students like before that's why US universities are occupied by foreign students. You've been to China? Lol, I'd live in US for many yrs.
fastkillmmm 8 months ago
@fastkillmmm
1. I've been to china, the us, and canada because I use to work for the IOC
2. You also forget that many chinese students goto the US to attend their universities
3. You say "knowleges learned from US and back to China" First, u need evidence to support this. Second, it still doesn't change the innovation is still coming from the US and not china. So I agree with you if it's true. thanks
pdynamics1 8 months ago
@pdynamics1 Yes Chinese students go to US to learn from US but US itself can't produce students to study in their own universities like before, if you don't have good students now you will lose your innovation in the future. Yes many students or Chinese employees in US companies went back to China with their knowledge learned from US, that's exactly what the Chinese gov't wants. Why does China want them back if they don't have new special knowledges?
fastkillmmm 8 months ago
@fastkillmmm - "can't produce students to study in their own universities like before" And many chinese students choose to STAy in the US as well rather than go back. Furthermore, I've worked with many chinese people and many do not like how the communists operate in that they're beaucratic and have business taxes. They also stifle innovation when it's a threat to their authority like censoring the internet.
pdynamics1 8 months ago
@pdynamics1 Oh I know many Chinese students choose to stay in US but after they learned all the knowledge from US companies a lot of them choose to move back to China because China provides very good condition for investors who invest in hightech. In many areas in China if you start a hightech business you don't have to pay taxes for the first 3 yrs, that's why China attacts more and more investments from the West, and keep growing. Yes sensoring on some politic issue but not technology.
fastkillmmm 8 months ago
@fastkillmmm - If you think this is a proper way to cultivate innovation, then so be it. It's still coming from the West and u still haven't provided evidence as I asked earlier. anyway, I'll only change my mind under 3 conditions:
1. Education reform in China
2. China starts to move away from the manufacturing ghetto
3. True open, free market
Until then, I'll be watching
pdynamics1 8 months ago
@pdynamics1 Yes it's coming from the West but not in the future. Evidence? Why don't you google it by yourself and find out there are so many Chinese technology talents already went back to China? 1. Education reform in China? China is reforming everthing including education. 2.China starts to move away from manufacturing ghetto? China is moving from manufacturing ghetto, you'll see more and more. 3.True open free maket? Wether free or not Chinese leaders will do everything is right for China.
fastkillmmm 8 months ago
@fastkillmmm - As stated, if you think this is a proper way to cultivate innovation, then so be it. But let's see what happens in 2016 as you mentioned earlier. Until then, I'll be watching.
pdynamics1 8 months ago
@fastkillmmm BHAAHAHA...china is in desperate need of education reform as there students continue to flock to the united states. you need evidence to prove that. Also, they are not moving out of the 'manufacturing ghetto' because they continue to peg their dollar below the US rather than let it float freely.
all028 8 months ago
@all028 The US needs education reform, most of your American high school students don't even know Washington is the US capital city. What you see is Chinese students going to US but what you don't see is Chinese students or Chinese employees in US companies take their knowledges back to China, that's why China has the fastest computer, fastest train and wind, solar system can match the US. Chinese are moving out from the manufacturing ghetto, you'll see clearly in the future and RMB is rising.
fastkillmmm 8 months ago
@fastkillmmm - what you are doing is predicting the future without evidence. First, nobody can predict the future accurately. Second, if you can show a trend in that direction with evidence, then ok. So far, you have not provided evidence. You only told pdynamic to google it. Google what??? Third, I've given YOU evidence about the chinese dollar being pegged below the US dollar in order to maintain the manufacturing dominance.
all028 8 months ago
@all028 I didn't predict the future, the IMF predicts the future, those are Western experts, go check out these 2 videos on Youtube--->"Will China's Economy Surpass Ours Within 5 Years?" and "Peter Schiff - CNN April 25 2011 U.S. vs. China" to see it by yourself. Chinese leaders still keep the RMB low because we don't want to change the world too fast then the whole world can be in trouble, but the fact is Chinese RMB is steady rising. Also check out "Chinese talents back to China" on Google.
fastkillmmm 8 months ago
@fastkillmmm - I've seen one of those videos before regarding "china surpassing the us economy within 5 years" It's speculation not evidence.
all028 8 months ago
@fastkillmmm - you actually are predicting the future based on your comments. Furthermore, the IMF isn't always right....as stated by all28, nobody can predict the future. The IMF once predicted Canada would be bankrupt in 1990's but the chretien/martin governments turned it around. Google imf canada bankrupt. I know this to be true because I was living in Canada at the time. their introduction of a federal sales tax along with deep cuts over several yrs changed everything
pdynamics1 8 months ago
@fastkillmmm - for evidence, google 'bernake float yuan' Since China refuses to let their dollar float freely, then they want to maintain their manufacturing dominance; hence, they're still in the manufacturing ghetto. Also, on one hand, you wrote "The US needs education reform" and yet, you concede the top education institutes are in the US. you contradicted yourself.
Thank you
all028 8 months ago
@all028 I've never said the top education institutes aren't in the US, what I said is the Chinese students learn all the knowledges from US universities and companies and contribute them to China therefore China's technology progress rapidly. Yes US has top universities, the goal of the US universities should be to train your US students but most of your high school students only know how to take drugs and shoot their schoolmates at school, Chinese students start to occupy your universities.
fastkillmmm 8 months ago
@fastkillmmm - correction in my last post. I said "business taxes"
I meant to say "high business taxes."
pdynamics1 8 months ago
Anti-American Americans amuse me... what exactly do you plan on doing if your wish to see your own country die comes to pass? Move to some beach house in Fiji? It doesn't work that way, kids. Instead of sitting around and complaining, we should all be doing our best to help restore and eventually surpass this nation's former glory (without the er... "special" methods that were used back then). It's my home, and I care about this place. I don't want to see it destroyed, but further improved upon.
SaiKoSeSu 1 year ago
Americans are so ungrateful; china is really helping them; I think the u.s should be realism; U.S needs china and give china some support instead of blame china; looks at germany, Japan, south korea , france etc doing billions of business in china; The u.s competite with these countries in china; I only see Europeans and korean and Japanese cars in china, not the u.s
powerofthroughts 1 year ago
YEAH SAFE BUT AFTER YOU BOUGHT IT,WE WILL DEVALUE THE US DOLLARS AND ASK THE YUAN TO RISE. FUCKING SCAMMER !
dimitrilevampire 1 year ago
I hope we weaken our dollar to devalue their assets. Similar to them under valuing their currency to keep the balance of trade and cheap labor in their favor. China shouldn't have that many American assets they aquired them through currency manipulation.
joe4606 1 year ago
@joe4606 under valuing? on what point u think that is?because your government told u so? The entire problem is from yourself,the mortgage and credit u cannot pay back and collapse the entire world econ. the cheap labour have no responsibility to pay your bills,they have a poor living standard and if the currency raise they will still be a cheap labour compared to the US standard.
dimitrilevampire 1 year ago
@dimitrilevampire are you crazy? in 2006 i wanted to buy chinese currency @ nearly a 7:1 ratio anticipating a sharp rise in value, since then their currency has next to nothing dispite heavy economic gains
joe4606 1 year ago
@dimitrilevampire not to mention the trillions that CAN still be paid back (the people who won't default) and the fact that china suppresses chinese spending (where are all the ferraris, lamborginis and other expensive cars china should have with all the newly aquired wealth) cars are just a small example
joe4606 1 year ago
@joe4606 are u kidding me I live in HK and just 3 years ago I change my money for RMB is 100:135, now my 100 are 86. while HKD are related to USD ONLY...I called your claim bullshit, and Look at the same thing u played with Japan in the 80s, u force them to rise and guess what? they fucked up and your not helped. all u potato uncapable of critical thinking isnt it, it just a lame excuse your rookie geithner can think of,and the obama government can look good to transfer the crisis to the others.
dimitrilevampire 1 year ago
@dimitrilevampire even your own economist stated that it won't change shit for the jobs and trade deficit problems for the US even the Yuan rise 100%
dimitrilevampire 1 year ago
@dimitrilevampire scammer? americans are defaulting because are jobs are in china now...and i'm not even mad like you are about it. are you crazy enough to believe that the american job market is weakened at NO benefit to china? and if the USD is going to be the world's currency then obviously more dollars will need to be printed when a 1.3 billion man market is tapped into.
joe4606 1 year ago
@joe4606 You don't see the point there with all the figures? China is not America's factory,everyone buy from us.You're not even the biggest market of our trade.Your company choose to buy our products and that's how they get more money and benefits from,You should ask the rich people in your country where the money gone?You bought those things for over 3 decades now, and suddenly you lost all your jobs and wanna be a factory workers...and not everyone in China is working for the outside need..
dimitrilevampire 1 year ago
@joe4606 if it's not China,it will be india,Africa...or any other place your Business owner will purchase from.and we asked for buying items from you but your policy is to oppress us,so your technology items will never get into our markets....
dimitrilevampire 1 year ago
@dimitrilevampire oppress? I don't follow. Are you referring to the purchasing power of the yaun? What you're saying doesn't make sense. You basically said American companies don't want to sell to Chinese consumers.
joe4606 1 year ago
@joe4606 if we didn't buy your bond u would be totally collapsed last year with the mortgage,and thanks for returning the favor after we borrowed trillion dollars to you,then you say it only worth a trillion if you raise the Yuan for 40%
dimitrilevampire 1 year ago
@dimitrilevampire If you didn't buy our bond China would collapse too...the whole world my friend. Not just America. China is not innocent and you know this, or you refuse to believe it. If you don't need America or America is a bad investment then stop selling your goods to us.... You need our jobs too...so you lure Steve Jobs into your market with under valued currency. Why should I blame Steve Jobs when I should do exactly what he does...hire cheap chinese. Blame your government.
joe4606 1 year ago
@joe4606 It's meaningless to talk with you since you are one of those who trusted your hoax news so much,and who is manupilating the currency here?the one who devaluing it when their econ fucked up?or the one with an open ratio system related to euros and other currencies?
dimitrilevampire 1 year ago
@dimitrilevampire our government doesn't allow sweat shops and our government does not run its citizens over with tanks...do you really think our government is to blame?
joe4606 1 year ago
@dimitrilevampire One thing I do blame my government for...tariffs should have been place on chinese goods years ago. tariffs to offset the under valued yuan.
joe4606 1 year ago
@joe4606 why don't u say that before we borrow the money then?u see the point yet?
dimitrilevampire 1 year ago
@dimitrilevampire Its been known for a long time how China operates. Its not a secret. You're communist...you control your market and currency.
joe4606 1 year ago
@dimitrilevampire pick one from the stand point of a business owner: 12 hours of labor @ $20 or 12 hours of labor @ $100...I call your claim naive. and china my friend, is now attached at the hip...if the shitty american consumers stop their "wreckless" spending, say bye bye to chinese jobs. believe me i'd much rather have a middle class restored here in america than to outsource the whole class to china...so stop complaining.
joe4606 1 year ago
@joe4606 so you business owner have much better profits and the money gone to nowhere...interesting.And oh,do u really think Americans love to work as miners,farmers and slavery factory labour?u know how much money China makes for an Ipod?4 USD.You know how much steve jobs make?80USD. Dealers and retailers?75 USD. parts maker in US? 8USD. so...u really think that 4USD per ipod can help your Trading problem..good luck then.
dimitrilevampire 1 year ago
@dimitrilevampire American trading problem? Put down the opium. How about the Chinese dependancy problem. Your government HAS to under value it's currency in order to maintain a competitive edge in the global economy...how else would you be able to get jobs for all your citizens? You HAVE to bring Steve Jobs into China. And then you sit back pointing your finger at me? American consumerism creates chinese and indian jobs. You are so ignorant and naive along with Wen.
joe4606 1 year ago
@joe4606 ignorant? so u are saying we being competitive is wrong? are u stoned redneck? Steve jobs choose to be here for his own benefit,to be competitive.You blame us for that????Who is ignorant u think China is only making products for America???and u think i.e Apple giving a lot to us? wake up and smell the 4 USD.
and our money is not under valued,it's only comes up to your mind in this year because u fucked up your own econ..Githner says so oh and that's must be the truth...use your brain.
dimitrilevampire 1 year ago
As a Chinese, I don't believe on you...
As the richest country in the world, why you borrow money from less developped country?
Your peole are well paied, they could enjoy a very comfortable life; but there are many Chinese people still suffer for hungry!! It is not fair!!!
koklily01 1 year ago
China, is going to cut and run, some time soon.
in2mobile 1 year ago
well,,, 95% of rare earth is come from china. your iphone, ipad, computer, all weapons, ps3, Wii. led TB. is made in china, if you doing some research on 'rare earth' on news you will find the answers, image that without China, USA hi tech will be garbage
lawrencekk 1 year ago
@lawrencekk no America have rare earth resources as well, they lied about it because mining those thing will completely destroy the environment so they buy from China instead,keep themselves clean,and keep their resources for special time like war,because it needed rare earth metal for making missiles.
dimitrilevampire 1 year ago
Bah, the U.S. should just follow the path of its predecessors and bomb the blasted Chinese Commies.
MeticeGuy 1 year ago
we need to stop allowing all these countrys to sell us prtoducts and make our own factories and make our own products . can u imagine if we made our own ceramic toys clothing use our own gass they stock 70 percent into the reserves of our oil and sell the rest to other countrys. we also buy from other countrys . america needs to depend on itself not china or anyone else
cpscc74 1 year ago
All this because Obama continues to spend billions of dollars we don't have on ridiculous things like further expanding his government and taking over industry after industry. Obama should be thrown out and replaced with a competent leader who knows what he's doing.
solitarylonewolf 1 year ago
US now is dropping~~~God help America!!
shamozhu 2 years ago
This comment has received too many negative votes show
why don't you idiots rethink of who educated the Chinese all these years....the American! and now we are gonna pay for it. Our children today are sticking their dumb heads into video games, ipod and drugs while the chinese are busy building their own empire...wake up Americans.
hjaccarya 2 years ago
The dream of my forefathers have finally come true, America is crumbling down and imploding on itself.
virtuous8 2 years ago 7
Yeah China has got America by the balls with a clever in hand
andwhatelse 2 years ago 4
@andwhatelse
China has America by the balls as much as worker's pension funds have wall street by the balls. China needs the US for its own internal monetary and class stability. 57 of 100 top universities are in the US and 0 in China. China relies on more foreign investments more exports to the world more imports of raw materials and more foreign technology than any other export oriented economy at this stage of development. The US is not going anywhere and CHina isnt taking over. Be rational
JP2times2007 1 year ago
Safe my left.....and then the right nut sack that is....
yourmain 2 years ago
This country was built on industries and because of greedy corporations that want to say they are american companies - Walmart being the biggest of them all - Americans have lost jobs so greedy corp. can make billions more because they were not happy with the billions they were already making - These companys have turn their backs on the American worker so return the favor and turn your back on them as often as you can - Unite America and take your country back from un-american conpanies
6308281 2 years ago
Clinton administration signed the trade agreement with chinese communist not the american people - Lets boycott chinese made crap and bring industries back to this country - and for the companies that moved over there they can stay there - they are communist supporters - United it can be done when you shop ask for proof that the chinese products they sell are poison free and pollutant free - ask for products produced in democratic countries and let them know that you do not support communism -
6308281 2 years ago
zx1031 --- Russian Federation and China are not barehanded , IRAN is getting weapons to defend itself , IF USA economy sinks further we may expect USA attack IRAN ...
aviomaster 2 years ago
NFLdude505 --- CHINA has not killed masses of people in 500 years ,,,
Afganistan 150.000 civilians
Iraq 1.2 million Iraqis died cause of USA caused war
aviomaster 2 years ago 4
Dude, you are total wrong. For America, just their citizens are human. Others in the world are just animals such like people in Korean war, Vietnam, Afganistan, Iraq in nearly 50 years. They can kill anybody with any reasons. Just be careful when you talk to an America, don't piss them off. Those guys can shoot you with their guns. You can not fight back cause you are barehanded.
zx1031 2 years ago
American's are Forced too Buy Chinese Crap!!Pretty Much Everything is made there!!!
Rheaume100 2 years ago
This comment has received too many negative votes show
if China becomes the world superpower ...the world gonna be even more fucked then it is now!!!!
NFLdude505 2 years ago
the world will be more peaceful if china is world superpower. look at the amount of suffering america has caused to this world
hcn9 2 years ago 4
nothing can be worse than USA.....vietnam war, korean war, afghanistan war, gulf war, kosovo/bosnian crisis, iraq war. Go figure
lordangelic 2 years ago 3
This comment has received too many negative votes show
Don't hate the U.S for those wars. We were in every one of those wars because countries were too weak to fight off their adversaries. So we fought for them.
jasonus03 2 years ago
this is why USA need to go to war
watch?v=sqgMX6i1Sjo
m0rttal 2 years ago
NFLdude505 maybe you need to watch this before you say if China becomes the world superpower... the world gonna be even more fucked then it is now!!!
watch?v=sqgMX6i1Sjo
m0rttal 2 years ago
i'm rather china's government to spend money on the domestic infrastructure and welfare systems than bailing out the world police.
fifi87820 2 years ago 3
if they wanna wait 200 years ya they are safe. listen china is tooled,and has a more free market than america does now. its been handed an opportunity to be the financial capitol, along with being the new world currency. recession hurts but they can always start up the industry while america cant. if you have money u can bank on a way better return in china. the only money making in america will be commodities,to asia,which will drive americans into poverty. smart move america
FantomShadowz 2 years ago
Bond investments safe? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.
laughingcossack 2 years ago 3
"There is no no safer investment than the united states"
what a fucking joke!!!!! america will collapse in a few years...
besides i have no doubt that china has an exit plan.
braveheart1779 2 years ago 5
the Chinese are laughing at anyone who claims the USA dollar is safe.
dave777blaster 2 years ago 4
The WORLD is flat. I give you my WORD!
lucius1976 2 years ago
Yeah i need more toilet paper!! Just send me your treasuries. I will put them to good use.
lucius1976 2 years ago
obama smokes crack
aelleo 2 years ago
This comment has received too many negative votes show
Okay, anytime you invest money there is an inherent risk. China invested in T-Bills & now they want to bitch & moan because they're investment is not paying out as much as they'd like. So, here's my message to China, FUCK YOU. You had no problem taking our manufacturing jobs, did you? You devalude your currency to steal even more jobs from America. What the fuck do you expect? Keep fucking with us & we'll air mail your cash back to Beijing on a ballistic missile
jasonus03 2 years ago
Devaluation? Come on watch some news.
You keep printing $ and spend it like toilet papers, and now you blame others for stop buying your debts?
That really reminds me a term invented by Bush: Rogue Country
luftbubi 2 years ago
jasonus03 are you retarded?
America fails b/c we have ppl like you
LockerzPawn 2 years ago 3
America fails because of people like me? America is failing because of people like you. Americans don't have balls anymore. They don't have the courage to stand up and fight when their country is being bled dry. America fails because of people like me? I have served over 8 years in the U.S military. I just care about my country & I speak up, unlike you. You don't even have a concept of what the word 'America' means.
jasonus03 2 years ago
typical chauvinistic blindfolded yank rambo army. hahahah
noryblo 2 years ago
@jasonus03 who are you going to fight? the bankers and financiers? retard! just clean the latrines and yell hoorah and leave matters requiring intelligence to us.
chinaownsusa 1 year ago
they dident in world war 1 and 2 ass hole
asomeman1223 2 years ago
That Obomination is an insult to our intelligence. Are we all supposed to believe he is the president of the United States? They keep him in line by whispering in his ear, "...remember Abraham Lincoln and John F Kennedy, little fella!".
j0n52 2 years ago
But they were Real americans men who loved their country justice n Liberty why do americans vote today i'll never know their new "puppet front man is chosen for them months maybe years in advance china is in a weak possision holding trillions of papr money printed by private bankers Not based on FA reserves n they will make the $ worthless when the time is right for them n maybe print"new money bassed on gold ONLY they hold ALL the gold as they made it illegal for citizens to hold gold a joke
polygamous1 2 years ago
I don't think Chinese Government is dumb. They are using money to buy influence. Which is a pretty smart move. Consider the entire world is rule by money. We are nothing by a slave to the bank anyway.
DAUCUSCAROTATHEMOVIE 2 years ago 3
The Chinese, the Russians and the US should become allies in the war against the private banks that are destroying the US and world economies. That's the real enemy we should all be fighting.
j0n52 2 years ago
but how do they unite, when their congress is lobbied by those private zionist bankers? (at least Russian Duma and US Congress are)
nazirdjon 2 years ago
China should just pull the plug from the US
tacotony24 2 years ago 4
Great video
Bonds are great investments but they sure do have a low return on them.
cyrasbusiness 2 years ago
US treasury bonds used to be a good investment. They will soon be worthless.
pretorious700 2 years ago
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Armanidrt 2 years ago
This comment has received too many negative votes show
Currently, Chinese government is dumb, US citizens are dumb. What a dumb and dumber couple. All the great US presidents will be shot, apparently Obama is not a great president.... Chinese citizens are prone to be shot. When Obama is shot, That means Chinese citizens will be shot, cause the true asshole behind Obama will take control and use Chinese citizen's money to start a war from Afghanistan.
qweszxcqazesc 2 years ago
how come you type in a Chinese accent?
Siliconsnake888 2 years ago
I am a Chinese undercover
qweszxcqazesc 2 years ago
Ooops, forgot another brother in America...Cuba, China should also invest to Cuba, and do something with eastern Europe, now it's a perfect time to make more friends with Eastern Europe, and north and south Africa,
qweszxcqazesc 2 years ago 2
More troops on Afganistan? That means putting threat to China's backdoor, also threatens Russia. US and China relations is on a all time low at the moment, and Wen is lending US money to threaten it self and it's borther Russia? Wen is either a complete idiot or he is Capitalized! China should lend money to Korea and Iran for nuclear projects while selling their T-bonds, at the same time buy lots of God, raw material and fuel. And more diplomatic resources on Europe and Australia.
qweszxcqazesc 2 years ago 2
um you say buy lots of God, raw material and fuel? what do you mean when you say God? lol how can someone buy God? you dont make any sense
blipbaii 2 years ago
I meant Gold, big fingers, small keyboard. Chinese government is so dumb, funding people to surround them with troops...Man, If I were a communist, I'll be so pissed, I'll strap a bomb and blow up Chinese dumb corrupt officials.
qweszxcqazesc 2 years ago
If US collapse, China will too? Forgotten China is a communist country? They don't really care if economics collapse, but they do care if they don't have enough Fuel supply and raw materials, two decades ago, there were no "economics" in China remember? Drag US down and make sure they nationalize every sector, then US will become a communist too, A world of communist! Voila! Wen jia Bao has operated against communist doctrine, he should be shot if Mao is still around.
qweszxcqazesc 2 years ago
USA is in a Inflation, and China is in a Deflation, what it means is that, USA Inflation= prices going very high, the poor people cant afford, China is in trouble because, Deflation = prices keep droping, poor people can buy shit loads of stuff for cheap. Since china produces so many factory products and demand keep falling, so the factory products in local area prices keep droping, lol, i think Deflation looks better than Inflation , even though both is bad.
blipbaii 2 years ago
China is also on inflation......Government subsidies does not count in CPI. The food price has increase so much, stop lying. moderate Inflation for China is not a bad thing.
qweszxcqazesc 2 years ago
You dumb ass, if you go to market to buy stuff you will notice it's on an inflation, inflation is defined with CPI index, not the price of your exports! The demand in China is still pretty strong. USA is not on an Inflation yet, they will if the currency of USD falls sharply, and that also means Chinese T-bonds in US will be fucked! Dumb Chinese government.
qweszxcqazesc 2 years ago
Russia as reserve currency holder is a joke - it will be a mixed bag including yuan and euro most likely - though either yuan or euro could probably do it alone.
However I dont hold much faith in any fiat currencies lasting much longer. Soon someone will pull the trigger on the Golden Gun, and all hell will break loose.
AmagnonX 2 years ago
China should be worried - US is totally broke, can hardly pay interest. Printing notes flat out at least cuts down the cost of the debt through inflation - but China is losing around 10%pa on its treasuries due to a combination of rising yuan and falling dollar - they wont hang on long, and as soon as other countries see them starting to get out, it will be a stampede for the exits - bye bye $US, bye bye US.
AmagnonX 2 years ago
What kind of crap news commentary is this? It really shows a lack of even basic financial knowledge among the so called journalists. The yield on treasury securities have shrunk as investors fly to safety. This means asset values have gone up. China made a killing "on paper" on its t-bills.
nemasen 2 years ago
thanks china you sustain USA even all the media talks shit of communism rofl
tibet infiltrated by cia
Elsalvadur 2 years ago 5
if us collapse... china may too
so media means little.
+ media talked ALOT of crap against obama too
PRCForever 2 years ago
I would be worried if I were China. China could lose all of their investments in US Treasury debt, especially if Russia gets its way with a new global reserve currency in place of the Dollar as the world's reserve currency. Half of the dollars in the world are held abroad. The government is trying to print its way out of debt and to stay afloat. Rampant inflation and the loss as the reserve currency will likely lead to inflation and the destruction of treasuries.
edandvideos 2 years ago
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thisismichaelsmithtv 2 years ago
I wish Bill Clinton was still president today. We would've paid off all the debt by now LOL
tiberianexcalibur 2 years ago
Scary! The US is in a very deep hole and is pulling everybody down with it. How much longer can the world bailing the US economy and the country? Feel bad for China to hold $ trillions of US bond that worth almost nothing now. The US is printing the money faster than the printer can handle. One word, BAD........
samkoi56 2 years ago
americans should stop watching CNN which makes them hate all other countries, first 48 that makes them hate blacks and themselves in the mirror which makes them hate themselves.
cowrunkey 2 years ago
its true, americans are just retarded sheeps that follow with what their CNN and BCC news said, they said that those news are 100% none China communist brainwash, LMAO!!! how retarded can those americans GET.
blipbaii 2 years ago