If they will enslave and build up an economy on the sweat of their own people what the hell do you think they'll do to us? I'm black. I won't let my race come out of picking somebody's cotton to picking somebody's rice. I can't believe there's people who wouldn't mind the hypothetical situation of working for the Chinese.
Some of you need to know where the hell you came from and stop kissing their asses.
It looks like the crooks at the top who are paying their friends off then letting the people be given over to china.china is sending thousands of proffesionals in now as doctors and such.It could be a big set up for biological warfare.
Imagine a world in wish no one could cheat. With money. Maybe we could make money out of something like paper, no there is a lot of paper maybe we could make money out of dirt, no you couldn't move it. I know maybe yoiu could make money out od gold or silver as the constitution of the United States demands in Article 1 section 10 paragraph 1. Why do you suspose no one knows that? I know they all are theves but the rich men are stealing from us. Ha Ha Ha Oh well.
First off - I like what you are saying overall. The problem that I have with your statements (much like most others) is that they aren't backed up with facts, and by this I mean sources. If you state that China is going to be given eminent domain over US lands, you must site this, if you don't I'll have to start looking for your tin-hat. Same goes with your statement that the US is making deals to pay back China in the Yuan. If you really want to be taken serious, you must site your sources.
Crap ... I fell sad for our Mexican friends. Going to be hard to jump the ocean. They will have to master the "walk on the water" skills. Jesus help them...
Crap ... I fell sad for our Mexican friends. Going to be hard to jump the ocean. They will have to master the "walk on the water" skils. Jesus help them...
So let me get this straight. The Chinese government is not FORCING their banks to lend to people who can't afford those condos in Shanghai at over 24x their incomes right. It's not the Chinese government who has caused real estate prices to increase by over 800%. It's not the Chinese government who has created empty towns? Sounds like the US housing bubble (100%) seems tiny compared to China. China is going to need those US treasuries buddy.
@dannydarias1 Okay, let's throw into the mix that China full well knowing, was in bed with Clinton with his "fast track" b.s. allowing factories to close shop here and open there. Hence, Walmart. This shit was soooo planned. And we anren't coming out on the winning end. China is likely about to repo their property. Which WE have conceeded by and thru our collecive apathy. Oh, yeah, let's blame other people, that'll help. Get ready for the great thowdown. It's comin for sure. Fuck it. Die well.
@rvlqcitizen No plan. It's greedy US businesses cuting costs, lobbying washington, and moving production to China. Folks forget that for China to sell to the US, they need to buy our debt - like it or not. They are also forcing their currency weaker to be more competitive. While doing that, they have created their own mess. China is not going to repo anything. Our congress could create a law tonight making every single treasury bill they own worthless. PERIOD. They have also dug their hole
if the united states agrees to pay the chinese in Chinese currency we are screwed they will unpeg their currency causing us to pay 30% more at least than what we initially borrowed. On the chinese needing us they really don't instead of loaning us a trillion dollars why not spend that money on themselves. YES WE ARE SO SCREWED.
The EU is discussing a bail out of Greece by Germany. The german PM is insisting on really deep spending cuts by the Greece and increased taxes. I can see in 2010 China insisting on the same medicine for Pres. Obama. Interesting times. The US is bankrupt.
@xmenrus Let China try to collapse the dollar....it would devestate them just as badly...they are an economy of production and they rely heavily on the usa to buy their products....remember....there are 1 billion POOR china men in china...if China has an unemployment rate above 8%.....they risk severe civil unrest.....dont be fooled into thinking china wants the usa to default...I dont think so
China recently unloaded $80 Billion of US Treasury Bills and buying other currencies. Also silently they've been buying $Billions of gold. They are encouraging the chinese to buy silver (poor man's gold.) Also the Chinese Communist Government knows how to deal with internal uprising. Mao killed 60 million Chinese. The Chinese are playing their hand looking down a 50 year plan. The US plan is as long as the president's time in office. The US are drowning in debt; China is not.
@xmenrus I have no doubt China is thinking long-term.....but I do not think they desire mass killings in a world where information passed on in seconds.....you cannot hide this sort of thing from the rest of the world while it is happening anymore
It's never bothered them before. Remember what they did to Nepal? They took the country and kicked the Dalai Lama out, Those who demonstrated against the new chiinese regime dissappeared. Nepal is very calm now. And the Dalai Lama still resides in a hotel in New York City.
@dulmprwl Pardon my mistake. Yes, Tibet & Nepal was taken and US approved China's dominion in WWII. I saw the army film (official US propaganda) over that event.
SORRY DUMB ASS! I'm right and, as usual, you are wrong holding you nuts and you ass, AGAIN! LOL!!!!
@jmallton It won't be mass killings. It will happen sectore by sector. China is the only couintry in the world with Neutrons Bombs. The US has dismantled all our Neutron Bombs. Per Joe Levy, the inventor of the Neutron Bombm, wrote in his autbiogrhaphy that George Bush Sr., when the Head of the Cia, covertly gave China the secrets to the Neutron Bomb. Also China has the largest standing army in the world. They can match their atomic missels, their airforce, their naval fleet to ours.
@xmenrus You live in a dreamland....or maybe i do....last research I saw had the USA with over 6000 deliverable war heads......Russia with over 5,000 ...and China with 800....
@jmallton I suspect that your definition of 'poor' may be a lttle diferrent from poor difined in China. "Poor and content rich enough rich enough"....W. Shakespeare
@xmenrus Poor as defined by the chinese government...over a billion chinese people and households fall below the $1200/ year income level....so you can see that is very poor.....I dont make light of the situation there...but China is no powerhouse.....
@jmallton No, China's economy is split and the agricultural sectors lives of the land. That is not reflected in the numbers. No matter their population is 4 times ours. They win everytime.
@randomdude5640 Your wrong. You, like our mafia federal government, omit off-the-balance-sheet contingent liabilities of Medcaire and Social Security which amount to about $65 Trillion. Total liabilities are arouind $110 Trillion. The definition of BANKRUPTCY is an inabiity to pay futures liabilities: USA is BANKRUPT! It's a recovery it's a cover up by the FEDERAL MAFIA. Stock up on canned foods, rice, beans, water, and start a victory garden for fresh veggies. About a 6 month supply.
U.S. needs to get out of these wars, once they do, the dollar will definitely start to rise again i think, the sooner we can pay China back the better off we'll be i think.
The Chinese are so concerned about the devaluation on the U.S dollar yet like a bunch of idiots they keep buying more. That's like investing in a bad stock knowing it's a bad stock but investing in it anyway then complaining about it. China needs the U.S. just as the U.S. needs China. The two have a relationship of dependence on each other. If they didn't, China would put its money where its mouth is and dump the dollar like they say, but guess what, THEY WONT cause THEY CANT cause THEY NEED US!
If that's true than why not issue even more debt,? if they need to buy our debt, then we should keep printing bonds and selling them until that demand is satisfied. The trouble is the demand is already satisfied, (for the most part) and the U.S. bond market interest rates reflect artificial demand taken by the federal reserve.
If you own a substantial amount of money in a company and you know if you pull that money out that business will 1) not be able to pay you most of it and 2) it will cause the company to go bankrupt would you a) stop giving them money and cut your losses or do you b) keeping funding them in the hopes that conditions will improve? That is the dilemma that China faces.
If you haven't noticed, the U.S. IS issuing more debt, that is the fiscal problem in the first place that needs to be stopped. As for your second message, you're saying that China HAS to keep buying U.S. debt? That's the most illogical thing I've ever heard. If you have an asset that's going down, you stop investing in it, PERIOD.
Yes, they are issuing more debt, but who are the receivers? (certainly there are foriegn buyers) but the largest minority comes from the federal reserve, (which basically means bonds become a way for creating inflation)
Banks take bonds from the Federal Reserve in order to balance their books and avoid bankruptcy - that is how this whole bailout is working - the demand is artificially created - for the most part.
As for if they pull out, they'll only cause a problem if they pull out all at once. The foriegn exchange market trades over 3 trillion dollars worth international of currency a day. They have alittle less than 1 trillion dollars in U.S. debt. If they liquidated their holdings into the 5 major currencies (excluding the dollar which would be the 6th) over even a time as small of 30 days, it could be done safely. But they won't, cause they use the debt for currency manipulation to keep up exports
In order to understand the dynamic of why China vs other countries has a more significant effect on bond values you have to understand that money is worth all the things you can buy with it, and in the U.S., many of the things people buy are made in china. When China decides that U.S. bonds are not a sufficient trade for the goods they produce, they will not only concentrate the money supply but there will be less goods to buy for the average consumer. Its a doubly inflationary effect.
I mean, I really do agree with the bulk of your argument, but the thing that bothers me is you make it seem like the Chinese government is this bastion of friendly people who are "victims" of the big bad U.S. which is an unfair implication. They could stop buying U.S. debt which they haven't, they could SAFELY exit U.S. assets which they haven't, their accumulation of U.S. debt has kept their currency low and their exports high which is the CAUSE of their massive economic growth.
I feel that many Chinese owning U.S. bonds will become victims of some sort of default (whether it be done honestly or through inflation)
U.S. bonds represent more than just a monetary asset, it represents political leverage, the united states would be increasingly more favorable to countries which hold a substantial ownership in their debt.
Suppose you lend money out to someone who promises to pay it back at a later date, and he does, so next time you give him more money, and then he keeps asking for more. Because you trust him, you give him more and more and more, until it just seems like anything you give him isn't enough. Then one day he tells you he can't pay you back, and he tells you that you are just as much fault as he is for the current situation. This is essentially what you are implying.
I understand about the federal reserve. Do you think the Chinese government doesn't know about how they create fiat currency? The chinese aren't dumb, they wouldn't have gotten this far if they were. You're saying the chinese are investing money as some sort of philanthropic act of kindness toward the US. That is not true. In my next message two you I'll include a link to the treasury website so you can see how china's holdings of U.S. assets have increased.
I don't think that China is stupid, or that they are engaging in philanthropy. they are doing this for a reason, perhaps China still sees the U.S. as the reputable government it has in the past or perhaps the debt represents some kind of political capital.
I am saying that we are at the mercy of the Chinese, they dictate more the economic conditions of the U.S. than the U.S. dictates the economic conditions of China.
You're putting this in terms of a loan agreement between two people. This is between two nations with two totally different world views. If what you're saying is that China continues to lend to the U.S. and then complains about dollar values as an act of kindness, I completely disagree and I don't know what makes you think they're so philanthropic but to each his own. I've already explained why I dont agree.
Youtube wont let me send the link, if you want it I can send it by email. I shows every nations U.S. treasury holdings over the past several months of 2009. Now I've looked at it since 2008, and their investments have done nothing but go up.You support this view that chinas gov't is simply out to help the U.S and they're not. I mean come on now this is the real world. Even if they were, when you are running a nation, you don't lend and lend to a nation that is managed and then complain about it
Sure I would like to see that link, but I already agree with the data, China and other foreign countries substantially increased their positions in U.S. bonds, I think that was a mistake.
I am not saying China is out to help the U.S. I am saying that they will only sustain these economic conditions (of getting stuff and not really having to work for it) as long as they believe it to be to their benefit, and we should be thankful for what we have because it's not going to last very long.
What I mean is that goods from China are significantly undervalued compared with other goods, for instance we can buy a t-shirt for less than a hamburger - even after it's been shipped all the way from Singapore or Vietnam.
How is it that average Chinese person receives 1/15 of the salary for 3 times the amount of work? This condition cannot last very long. That's all I'm saying.
Ok that makes more since. However I don't necessarily agree that we are at the mercy of china although I would agree they have a substantial amount of political leverage as you said. The situation is unsustainable as you said. As for being greatful, if them doing what they're doing was out of goodwill, then yes, but under this circumstance I'm absolutley not greatful. While they try dictating terms to the U.S, they are helping the fed. reserve and corrupt U.S govt take advantage of the people
that I'm absolutely not greatful for it. Thats like saying, two people have guns pointed at you, one says to the other, let's let him live a few moments longer. I don't know about you but I'd say just shoot me and be done with it, dont leave me is suspence. I think that China's government are crooks just like the corrupt vandels of the U.S gov't. I'm greatful to neither one. I'll send the link via youtube email, thank you for the good discussion!
People don't realize we should be thanking China for all they have given us, unsustainably cheap products is the only thing that allows our standard of living to remain so high. We should be thanking them because they gave us stuff that we will not pay them back for, our past economy was based on the inept generosity of the Chinese. People in the U.S. don't understand that if China depeggs the renmembi we will be much less happy than we are now.
Hey ass kisser........do you know what happens in China if the US stops buying their products ?
There are 1.3 Billion china men, of which, 300 million are middle class. Sounds pretty good. Oh yeah, the other billion are poor. The chinese govt. knows very well what will happen if their unemployment exceeds 7%. It is a social disaster that likely cannot be taken care of by their govt.
If China depegs there will likely be a flood of investment moving into China as the dollar and other currencies loose value. The increase in investment will likely lead to a boom despite a reduction in exports - the increased value of their currency means more wealth for the Chinese which translates to more demand. The flood of foreign capital will likely insure that the transition between export driven to domestic driven economy will likely be more smooth.
I think your reading of who the Chinese people are, is, on the whole, incorrect.
When U.S. citizens loose their job, they look to the U.S. government to fix it. When the Chinese loose their jobs, they to work really hard to get a new job.
There will not be a flood of foreign cash going to China...the govts of the world are not as stupid as the common ,man who buys into this nonsense that China is some huge super power...they are not
You said it yourself, China has 1.3 billion people, that is a lot of productive people. They are the world's largest exporter of low cost, high quality consumer goods. There is also a lot of upside to Chinese standard of living. They own a larger portion of western debt than any other country in the world. And, as opposed to many other nations their wealth is a function of their industry rather than just their ability to extract natural resources.
Regarding whether or not China is a super power, the answer depends on how you judge what a "super power" is.
The facts are;
They comprise of roughly 1/5 of the world's population - they have the largest potential army in the world - they have a nuclear arsenal comparable to Great Britain - they have the most advanced anti aircraft carrier missile in the world. They are the third largest export market in the world and the second largest economy, and they are growing at about 8% per year.
it's not just value that drives investment in a nations currency. China has no domestic demand markets, that's why they depend so heavily on exports to other nations. The reason the china yuan would go up is because of the foreign wealth they're generating. But if their currency goes up, now suddenly that foreign wealth generation stops, meaning that a rise in the yuan would only be temporary. As for what they've "done for us", the US/China relationship is mutually beneficial. BOTH sides need it
Neither did the U.S. in the mid to late 1800's, but domestic demand was born out of a productive population, as people worked hard and made things, exported them to other countries they became rich which then allowed them to create demand even greater than the rest of the world, the same thing will happen to china.
Will china initially loose when they are inevitably forced away from the dollar? Yes, but not nearly as much as the United States.
You're wrong, the U.S. did have domestic demand markets. Things like steel, cotton were the main power behind our domestic demand markets. Look up the industrial revolution. Lookup Samuel Slater or Waltham Watch company. Lookup the war of 1812 were the U.S. HAD to consume it's own industrial products because of the war with Britain. Besides, even if you were right, the U.S. wouldnt have developed domestic demand overnight. Neither can China. Theres no domestic demand now. It has to be developed
China right now does have plenty demand, they are the second largest consumer of fossil fuels in the world, and part of the reason they are not comparable with the United States is because the U.S. dollar is overvalued compared with the rest of the world in part due to unsustainable geopolitical considerations - ie military dominance and monopoly access to oil reserves along with other natural resources.
No it doesn't, look up China exports as a percentage of GDP. This is really a deep subject and it's hard to go fully into it on youtube because lack of domestic demand is one of many problems china has. There is also overpopulation, mass pollution, corruption(book cooking). The economics is way more complicated than a mere discussion of exports vs GDP and the other things I mentioned. The basis of my argument is and has been, regardless of the economics China benefits from the current situation
As I have said, while china continues to complain about mismanaged fiscal policy by the U.S.(and rightfully so) they still continue to purchase U.S. debt and invest in the U.S. dollar. The reason for this is because they are benefiting from it. All the money they invest in the United States, they get right back when American companies pay to have products made there. The proof of this is the huge surpluses china has. I understand your argument, but this one action by china is what kills it.
Domestic demand takes years to develop. Besides that, you didn't address the main thing I asked which is why China continues (and they do continue) to invest in U.S. dollars while it's going down? China's government is full of businessmen. They're not investing cause they care about U.S. standard of living. They're doing it (even now) because it benefits them. This view that the Chinese are so graciously benefiting America is false. What they are doing they are doing for themselves for a reason
Communist China needs to grow up and get over it's fear of the west and an internal domestic economy that allows importation in a balanced and fair way with the free world. They cannot continue to saddle us with their issues and play in the unbalanced way they've been holding the world hostage too. We can't wait forever for them to smarten up. They need to act quickly without delay and stop fooling the world. Either shit or get off the pot China!
I think you've got it backwards, the U.S. is the one taking the world hostage. China is hardly a communist country anymore. In many ways, they're more capitalist than the U.S.!
The U.S. needs to grow up and wake up, the Chinese Government can do whatever they'd like to with their currency, they have the production to support it, but the U.S. cannot. If china wants to continue supporting the U.S. dollar they can do that, if they want to cut the U.S. dollar they can do that too.
Mainland Chinese need to become middle class and have a "Chinese Dream" modeled on the "American Dream". Who showed us the American Dream? Answer: "Hollywood". We saw images of success in movies/tv and our celebrities. China needs role models that inspire them to desire, want and own things like we were taught from tv and movies. They need to identify with a desire to be like a Chinese version of Brad Pitt or Angelina Jolie etc. This will get them shopping, developing an internal economy.
Communist China needs to develop its own internal market and let its own people have the resources to be mall shoppers and buy "Made in America" manufactured goods. They need to give their people security through health care and unemployment insurance. Right now they have no social structure as such so the Chinese 'save' out of fear they might need to pay for a doctor or end up jobless. Giving them security would grow a spending mid-class and customer of US products.
Communist China keeps whining that their population is so big that they have to keep Chinese exporting to USA. If they're too big how does cheating justify putting the world economy in peril just to save China from collapse? Effectively they want us to endure their problem like an alcoholic who doesn't want to stop drinking. This isn't right. Maybe communist China needs to split into smaller nations if it can't handle its own big elephant. Communist China can't justify their existence this way.
Having to replace cheap, toxic, poor quality "Made in China" product screws you for more money spent than it did when "Made in America" product would last 10 times longer than Chinese junk. The Hong Kong corporate elite and communist Chinese elite have designed this to suck more money out of American's pockets and cause credit issues and bankruptcy. They are effectively destroying America without firing a gun. Now we have America headed towards socialism because of this. Wake up!
The problem lies with the greedy corporate elites on the island of Hong Kong that use the mainland Chinese as slave labor so they can get filthy rich.They are planted not just in Hong Kong but all over the world manipulating mainland China for their own advantage..they want the yuan to stay low and ship more jobs from America to communist China. Buying junk Made in China from Wal-Mart is cheap in the short term but not long term-you have to replace inferior products more frequently.
The communist Chinese cannot keep manipulating their yuan currency to low levels and undercut the health of the rest of the world's economic prosperity. This will come back to bite China in the ass. We should focus on India and tell communist China to go to hell. Trade with India instead. The communist Chinese are dirty players in the global game stacking the deck for their own advantage at the peril of the rest of the world. Until they allow the yuan to appreciate we should stop trade.
Communist China is a powder keg ready to implode. Without America's consumerism, Chinese communism and the country will collapse into a bloodbath.. They live in a "false" economic boom because Americans are money-less so China financed credit lending to keep Americans buying their "Made in China junk. Americans lose their jobs being sent to communist China, rack up credit debt, declare bankruptcy and China keeps acting like thing are good. Not! Chinese have to develop their own domestic market.
first walmart no let usmart that is what in want anyone from china tax 100% their good come to us all chinese student come to us pay 200% tax an fee cuz they are rich now,
any good come from china tax 80% buy america made only
Once America returns to PRODUCTION (and we will get out production back from China given to them by our OWN corporations), we will prevail because America is STILL the place for true innovation.
The thing is Growby, I dont believe that the US and China are enemies at all. I think its the royal scam playing out and they alongside the elite in the rest of the super power nations are tranfering wealth - NOT to the poor - for to federal systems and black budget operations. Say all you want about Americans and their conspiricies. But in reality Americans have already lived through the fraudulent middle class system that the 'new china' wants so desperately to attain.
Also in terms of Bush/Obama looking for nuclear weapons in middle eastern countries.....In 1995 Clinton sold China a model of nuclear weapon which was funneled through North Korea -> to A.Q. Khan of Pakistan -> to Iran, Syria and Libya (on behalf of Saddam Hussein). I would put it to you wombly to accept the fact that it is possible that CHINA has floated the nuclear football to the middle east in exchange for Arab oil and to THREATEN the United States.
Also, I disagree with your 3rd person stance in speaking of China being threatened by the United States in terms of a falling dollar. The Chinese stock market is only as old as 1988. Much of their super economy is built on production. Production from copy cat models from formerly American production lines SET UP by American corporations on the cheap Chinese wage to make themselves rich, in turn selling out the American consumer and public in the long term.
They western 'white anglo demi-gods' are intentionally crashing the dollar and hurting the American public. They will pay back their debts AT PENNIES ON THE DOLLAR when the dollar hits its bottom. The IMF (World Bank) wants to be the globally currency distributor and they will issue the ew currency for the United STates.
Growby I think your perspective is that of a pro china perspective. This is NOT about American consumer spending -> DEBT. This has nothing to do really with the people or the consumer. It has to do with DERIVATIVES and the creation of 1.5 quadrillion world wide catharsis debt that has created gridlock. Four American banks have created 95% of the derivatives problem (CItibank, JP Morgan Chase, Goldman Sachs, B of A).
Dont be fooled by the Chinese economy. Scratch the China game and you will find American hands at work. Goldman Sachs is all over China. We are partners.
PLEASE!! EVERYBODY listen. WE MUST BOYCOTT CHINESE GOODS 2 help our own country out, irregardless of the dollar situation.There are other reasons. First China is getting too much power from us. Second, it will help us, help our economy if we buy American, manufacturers will be hurting over there. WE need production brought back here. Third, we need to give value back to our country, economy and help Americas first. DON'T buy at Wal-Mart. On YOUTUBE: type in: CHINESE SKINNING ANIMALS ALIVE.
The guy in the video sounds sane until minute 6:30 when he says hillary struck a deal with china to give them eminent domain over our farmland if we default on loans to china. He should be wearing a tin hat.
The US is trying to collapse the $ on purpose. Its all a planned setup to bring in "The North America Union" which will have its own currency called the "Amero" which will be the currency of Mexico, Canada & America. just youtube search "Lou Dobbs North American Union".
First Americans must be stripped of all dignity then when they offer to strip us of our sovererinty, we will beg them to do so just so we can have our lives back. The new currency will bring great wealth & we default on debts.
Hahaha, yeah you are wrong. Also, if we devalue our currency, we can pay our debt to china back really easily, and we will be more competitive in the manufacturing market. The increased manufacturing will increase the dollar once again and we are back to where we were. That is the logical way of thinking.
you said "if we devalue our currency, we can pay our debt to China back really easily". Threw me for a loop at first but I suspect u are saying that if for example the loan is $100 then we devaluate the $ to where now $100 is equivalent to $1 then that would be far easier to repay. Interesting concept, this is true & I assume that would really piss off China.
There are so many twists & turns to the economy many economists don't even have a grasp on how to properly deal with the situation at hand
This could all lead to World War III with China in cahoots with Russia, Iran, North korea...and then if they get really pissed at us because we owe sooo much money....
I want to immigrate to Mexico....only they won't let us...their laws are much stricter than ours regarding legal/illegals immigrants. I want to go to Switzerland...only I am not rich....they require that you speak the language and be able to support yourself..or have enough funds.
Jungles are being cut own for land development. Bushmen can't roam free anymore like the early Native American Indians did because of the erection of fences. No more can man run naked, live in the wilderness and live free. He must be clothed, buy a house, drive a car, work to pay taxes to the Kings of the world. There is no going back, we are all cataloged, scanned ,recorded & tracked like cattle in a slaughter house. We must serve our masters. Freedom is dead.
I don't use those, the rating of comments is stupid, discussions shouldn't be rated because there is such a thing as evolution of conversation & understanding. That's why people communicate with each other in order to come to a common understanding of the world that surrounds them. View points other than yours may not be wrong but just another angle of perception
Inflation within the country is somewhat controlled for things that matter. While outside the country they can do whatever they like with the USD. If super-deflated, so what. We just dust off shuttered factories and guess which country is the manufacturing shop of the world? No reverse tariff on non essential goods of course.
Can live off foodstuff. Try eating a bar of silver.
If some countries try to devalue the USD, so what. We have the power to isolate ourselves, be self sufficient. Would be better with a few of our close neighbors though. But, even without them. When you get down to it, China needs our rice more then we need a new LCD. We can, even if they own the farm in America, reverse tariff food exports. Say, 50% export tax on food items?
@bunsh1ch1- we pay just how other countries pay us in dollars. We buy the reminbi on the world currency market. and if we would ever have to buy that many RMB...think what would happen to the exchange rate! thanks for you comments.
How could we ever pay the Chinese back in renminbi? They don't buy enough of what little we make here in the US.... there's no way we could pay them back in renminbi.
how long do you think that the deflationary pressure will turn to inflation? maybe it is all up to china as to when they spend their dollars, because theyre not stupid and wont hold onto them forever
If China becomes angry enough with US politicians and their corrupt alliance with Wall Street, the s#it will REALLY hit the fan. China could, within a 24 hour period, DUMP its US Treasuries. And no more bankrolling of US debt. NOTHING but bad news for the US. The analysis in this video is quite accurate. China almost DID dump its US forex reserves during the last Beijing Olympics. If Taiwan flares up, this might trigger China dumping US forex reserves. Which would mean disaster for the US.
paolo- it's a love and hate! But, they can't do much but see this thing to the end. in the mean time they will work behind the scenes to protect themselves as much as possible. thanks and please sub.
Hi Growby10: Yes, the Chinese feel they are in a tough position re the US dollar. One report sees the Chinese unloading around 50% of their US Treasury holdings because they see a continuing drop in the value of the dollar. This will supposedly take place over a 12-18 month period. But any way this situation unfolds, it is BAD news for the US dollar/economy. This is why-as you know better than I--China is buying gold AND they are buying commodities: mines, farmland etc. Bad news for USA.
@dannydarias1 I don't fucking think so bro. It ain't B.S. They OWN us. And they've been POURING $ into their military. For years! For WHAT? For no reason? I think not. They are MUCH more fiscally savvy than us. We, at the hands of our apathetically ellected"leaders"have been sold the fuck out. Now, thanks to our only look out for number one attitude are about to reap the whirlwind. Good friggin luck friend.I've seen this coming.People thought me paranoid. Fuck em! NOW they will reap what's sown.
All you inflationists are totally ignoring the government's ability and willingness to move the goalposts.
I really am starting to think that the fiat dollar can be infinitely manipulated via Fed policy and various different perversions of the already perverted Keynesian economic theories employed by gov't.
Not forever. This manipulation of blowing up one bubble to the next has been happening since 1987 (Green Span) and judging by gov't debt's, consumer debts, etc, I think we are near the end. Gov'ts never proclaim to default on obligations (that is stop paying) but they always inflate (create money) to meet obligations. That leads to massive or hyper inflation.
no man is an island, goes for countries too. you must assume all countries will go along with this. They wont/cant because of their own internals. so it cant work for the long run, meanwhile debt contious to rise and in the usa there is NO PRODUCTION that is sorely needed for us to earn our way out. buy american will be the word of the day amongst americans , but not our politicians
How come this eminent domain angle hasn't been covered at all in the mainstream? (I would tend to believe it, and I also think it would take something this drastic to allay worries of the Chinese re: the US debt that they hold.)
@ anongrey- Hell of a quagmire indeed! Thank for you your comments. This series is not over..and there is VERY important events now unfolding regarding this topic. Please stay tuned and please subscribe and share any of my video's on your channel.
A hell of a quagmire, to put it mildly. If we agree to pay the back in Yuan, it is curtains because we simply do not nor will we have the money to do it. Or we simply tell them no, which still means that China will not be getting paid back, plus destroys their confidence altogether as well. So, as grim and gloom and doom as it sounds, it appears that we are screwed either way. Just a matter of how and when. Superb video, by the way. GIad I found you.
self sustaining economies wouldn't be as hit as they've always relied on itself...china would go back a few years and really, only the rich would be crippled...the US is in all forms, reliant on almost everyone else, and with their crippling death, they are the ones propagating this bs
hollywood is in the hands of the Chinese...the US is selling its debt through institutions to the Chinese to cover debt...this problem is propaganda...period
your economists are very focused on one problem...your sentence of every economy will fall makes me skeptical that you're focusing on only two elements...both in your title, the US and China
So let the SHIT hit the fan, who cares? What's the worst that can happen, thermal nuclear war? : ) BRING IT ON! Jesus will come just before it happens and ALL non-believers will VAPORIZE - quick ask Jesus into your heart and go to heaven soon!!
I don't think so Jesus is not American in any case USPS is asking for govt funding as it only has money for few months left. Perhaps Jesus' dad can give his son a credit card so he could fit in with Americans.
Trust in an invisible character? Why? Protect yourself and family? How, if you're medically disabled(nerve disease)and get your income from none other than the Fed govt? Easy to pop off advice when you don't know other people's circumstances!!
USA as said gone BUT as they say when U play monopoly and you buy the poor man out, China who pays them out will be left with all the stuff who no longer has money to buy. We are all gone soon.
Yo where do you get these information from? You're one of my resource that give me some information about the economy. I'm really to see part 3 of the information that you planning on showing dog.
@ellibrepensador - come on man...please prove that you're not as dumb as you look or write. If you want to engage in some intelligent conversation..cool. but if you're just some low class dumb ass please don't open your hole.
Once China has consolidated their position they will trigger the 2nd part of the collapse. China has a point to make..."The Great leap forward "...China will sacrifice people money or what ever it takes to show the world China is the future and it's here to stay. China will aid in the destruction of the US when the time is right for them.. they will drive the knife right into the hart of what is left of the old enemies currency.
@Stonekey - exactly right. We have no idea what lenghts China will go ..or pain the will suffer to reach their long term goals. They think in decades and centuries...we think in days..or until the next quarterly report. sad
One very powerful video. For ages, the US has stipulated that countries that owe it money pay back the debt in US dollars. To get the US dollars, the countries would have to sell resources to USA. Read "Confessions of an Economic Hitman" and you'll see. Now, if the US has to pay back China in Yuan, then you're right, it's game-over for the greenback.
money flow is manipulated and all economic directions are orchestrated for the benefit of the powers in charge-the threats of china and loan paybacks is just noise for future manipulation of economic direction - the game is rigged and if they want to crash or move it to the brink then they will - we can only hope to see the moves before it is too late and try and act to avoid being swept under the bus-keep the informative videos coming harry because the dialogue gives us clues for decisions
so lets take all the jobs from the usa and then send the jobs to china lend usa trillions of dollars selling then crap at the same time great formula for success, they have created this mess I say usa default
@banjojambo - but who do we have to blame? China didn't force us to by their crap at walmart. and they didn't just lend us money for no reason...we, big business and our government...all share in this shit pie we're about to eat. thanks for ur comment!
thanks for the vid Harry and thanks for going into the details that are so often left out of "Regular " vids and news casts. And thanks for speaking clearly and slowly.
@dannyboy - continue to pay close attention. Save save save..and earn earn earn. Family and personal safety is first...then get your financial house in order. Invest in some PM, but don't go nuts. Silver is good for worst case scenario situation.
I don't know your money situation...so can't really answer...also u can buy some Asian and other "Hard" currencies.
If they will enslave and build up an economy on the sweat of their own people what the hell do you think they'll do to us? I'm black. I won't let my race come out of picking somebody's cotton to picking somebody's rice. I can't believe there's people who wouldn't mind the hypothetical situation of working for the Chinese.
Some of you need to know where the hell you came from and stop kissing their asses.
randomdude5640 11 months ago
It looks like the crooks at the top who are paying their friends off then letting the people be given over to china.china is sending thousands of proffesionals in now as doctors and such.It could be a big set up for biological warfare.
cupa8000 1 year ago
Imagine a world in wish no one could cheat. With money. Maybe we could make money out of something like paper, no there is a lot of paper maybe we could make money out of dirt, no you couldn't move it. I know maybe yoiu could make money out od gold or silver as the constitution of the United States demands in Article 1 section 10 paragraph 1. Why do you suspose no one knows that? I know they all are theves but the rich men are stealing from us. Ha Ha Ha Oh well.
SidneyBou 1 year ago
First off - I like what you are saying overall. The problem that I have with your statements (much like most others) is that they aren't backed up with facts, and by this I mean sources. If you state that China is going to be given eminent domain over US lands, you must site this, if you don't I'll have to start looking for your tin-hat. Same goes with your statement that the US is making deals to pay back China in the Yuan. If you really want to be taken serious, you must site your sources.
BRINK00 1 year ago
This wouldn't be happening, if usa didn't fucking use 1 trillion worth of China's money. OR if they fucking payed China back their debt.
SHUTUPNOOB654 1 year ago
This has been flagged as spam show
Crap ... I fell sad for our Mexican friends. Going to be hard to jump the ocean. They will have to master the "walk on the water" skills. Jesus help them...
daizagor 1 year ago
Crap ... I fell sad for our Mexican friends. Going to be hard to jump the ocean. They will have to master the "walk on the water" skils. Jesus help them...
daizagor 1 year ago
Things just keep getting worse.
BMWg84 1 year ago
Come Peak Oil, China will be as much in the dumps as America and everyone else.
S1587915G 1 year ago
The Jewish NWO sold the American debt to China to under mind America to create a one world currency
SpaceMan131326 1 year ago
So let me get this straight. The Chinese government is not FORCING their banks to lend to people who can't afford those condos in Shanghai at over 24x their incomes right. It's not the Chinese government who has caused real estate prices to increase by over 800%. It's not the Chinese government who has created empty towns? Sounds like the US housing bubble (100%) seems tiny compared to China. China is going to need those US treasuries buddy.
dannydarias1 1 year ago
@dannydarias1 Okay, let's throw into the mix that China full well knowing, was in bed with Clinton with his "fast track" b.s. allowing factories to close shop here and open there. Hence, Walmart. This shit was soooo planned. And we anren't coming out on the winning end. China is likely about to repo their property. Which WE have conceeded by and thru our collecive apathy. Oh, yeah, let's blame other people, that'll help. Get ready for the great thowdown. It's comin for sure. Fuck it. Die well.
rvlqcitizen 1 year ago
@rvlqcitizen No plan. It's greedy US businesses cuting costs, lobbying washington, and moving production to China. Folks forget that for China to sell to the US, they need to buy our debt - like it or not. They are also forcing their currency weaker to be more competitive. While doing that, they have created their own mess. China is not going to repo anything. Our congress could create a law tonight making every single treasury bill they own worthless. PERIOD. They have also dug their hole
dannydarias1 1 year ago
China is planning to invade and take over America.
000Winter000 1 year ago 3
if the united states agrees to pay the chinese in Chinese currency we are screwed they will unpeg their currency causing us to pay 30% more at least than what we initially borrowed. On the chinese needing us they really don't instead of loaning us a trillion dollars why not spend that money on themselves. YES WE ARE SO SCREWED.
TheCashistrash 1 year ago 2
The EU is discussing a bail out of Greece by Germany. The german PM is insisting on really deep spending cuts by the Greece and increased taxes. I can see in 2010 China insisting on the same medicine for Pres. Obama. Interesting times. The US is bankrupt.
xmenrus 1 year ago 5
@xmenrus Let China try to collapse the dollar....it would devestate them just as badly...they are an economy of production and they rely heavily on the usa to buy their products....remember....there are 1 billion POOR china men in china...if China has an unemployment rate above 8%.....they risk severe civil unrest.....dont be fooled into thinking china wants the usa to default...I dont think so
jmallton 1 year ago
China recently unloaded $80 Billion of US Treasury Bills and buying other currencies. Also silently they've been buying $Billions of gold. They are encouraging the chinese to buy silver (poor man's gold.) Also the Chinese Communist Government knows how to deal with internal uprising. Mao killed 60 million Chinese. The Chinese are playing their hand looking down a 50 year plan. The US plan is as long as the president's time in office. The US are drowning in debt; China is not.
xmenrus 1 year ago
@xmenrus I have no doubt China is thinking long-term.....but I do not think they desire mass killings in a world where information passed on in seconds.....you cannot hide this sort of thing from the rest of the world while it is happening anymore
jmallton 1 year ago
It's never bothered them before. Remember what they did to Nepal? They took the country and kicked the Dalai Lama out, Those who demonstrated against the new chiinese regime dissappeared. Nepal is very calm now. And the Dalai Lama still resides in a hotel in New York City.
xmenrus 1 year ago
FYI, dalai lama is from TIBET. he took refuge in Nepal, China never "took" the country nepal. numbnuts.
dulmprwl 1 year ago
@dulmprwl Pardon my mistake. Yes, Tibet & Nepal was taken and US approved China's dominion in WWII. I saw the army film (official US propaganda) over that event.
SORRY DUMB ASS! I'm right and, as usual, you are wrong holding you nuts and you ass, AGAIN! LOL!!!!
xmenrus 1 year ago
@xmenrus alright. btw did you watch the movie in English? get some real reading done. and yes, don't do it in english.
dulmprwl 1 year ago
@jmallton It won't be mass killings. It will happen sectore by sector. China is the only couintry in the world with Neutrons Bombs. The US has dismantled all our Neutron Bombs. Per Joe Levy, the inventor of the Neutron Bombm, wrote in his autbiogrhaphy that George Bush Sr., when the Head of the Cia, covertly gave China the secrets to the Neutron Bomb. Also China has the largest standing army in the world. They can match their atomic missels, their airforce, their naval fleet to ours.
xmenrus 11 months ago
@xmenrus You live in a dreamland....or maybe i do....last research I saw had the USA with over 6000 deliverable war heads......Russia with over 5,000 ...and China with 800....
jmallton 11 months ago
@jmallton I suspect that your definition of 'poor' may be a lttle diferrent from poor difined in China. "Poor and content rich enough rich enough"....W. Shakespeare
xmenrus 11 months ago
@xmenrus Poor as defined by the chinese government...over a billion chinese people and households fall below the $1200/ year income level....so you can see that is very poor.....I dont make light of the situation there...but China is no powerhouse.....
jmallton 11 months ago
@jmallton No, China's economy is split and the agricultural sectors lives of the land. That is not reflected in the numbers. No matter their population is 4 times ours. They win everytime.
xmenrus 11 months ago
@xmenrus if the US's assets outweigh their liabilities then how are they bankrupt?
randomdude5640 11 months ago
@randomdude5640 Your wrong. You, like our mafia federal government, omit off-the-balance-sheet contingent liabilities of Medcaire and Social Security which amount to about $65 Trillion. Total liabilities are arouind $110 Trillion. The definition of BANKRUPTCY is an inabiity to pay futures liabilities: USA is BANKRUPT! It's a recovery it's a cover up by the FEDERAL MAFIA. Stock up on canned foods, rice, beans, water, and start a victory garden for fresh veggies. About a 6 month supply.
xmenrus 11 months ago
U.S. needs to get out of these wars, once they do, the dollar will definitely start to rise again i think, the sooner we can pay China back the better off we'll be i think.
speed6mazda 1 year ago
The Chinese are so concerned about the devaluation on the U.S dollar yet like a bunch of idiots they keep buying more. That's like investing in a bad stock knowing it's a bad stock but investing in it anyway then complaining about it. China needs the U.S. just as the U.S. needs China. The two have a relationship of dependence on each other. If they didn't, China would put its money where its mouth is and dump the dollar like they say, but guess what, THEY WONT cause THEY CANT cause THEY NEED US!
franksmith16 2 years ago
If that's true than why not issue even more debt,? if they need to buy our debt, then we should keep printing bonds and selling them until that demand is satisfied. The trouble is the demand is already satisfied, (for the most part) and the U.S. bond market interest rates reflect artificial demand taken by the federal reserve.
Wcoltd 2 years ago
If you own a substantial amount of money in a company and you know if you pull that money out that business will 1) not be able to pay you most of it and 2) it will cause the company to go bankrupt would you a) stop giving them money and cut your losses or do you b) keeping funding them in the hopes that conditions will improve? That is the dilemma that China faces.
Wcoltd 2 years ago
If you haven't noticed, the U.S. IS issuing more debt, that is the fiscal problem in the first place that needs to be stopped. As for your second message, you're saying that China HAS to keep buying U.S. debt? That's the most illogical thing I've ever heard. If you have an asset that's going down, you stop investing in it, PERIOD.
franksmith16 2 years ago
Yes, they are issuing more debt, but who are the receivers? (certainly there are foriegn buyers) but the largest minority comes from the federal reserve, (which basically means bonds become a way for creating inflation)
Banks take bonds from the Federal Reserve in order to balance their books and avoid bankruptcy - that is how this whole bailout is working - the demand is artificially created - for the most part.
Wcoltd 2 years ago
As for if they pull out, they'll only cause a problem if they pull out all at once. The foriegn exchange market trades over 3 trillion dollars worth international of currency a day. They have alittle less than 1 trillion dollars in U.S. debt. If they liquidated their holdings into the 5 major currencies (excluding the dollar which would be the 6th) over even a time as small of 30 days, it could be done safely. But they won't, cause they use the debt for currency manipulation to keep up exports
franksmith16 2 years ago
In order to understand the dynamic of why China vs other countries has a more significant effect on bond values you have to understand that money is worth all the things you can buy with it, and in the U.S., many of the things people buy are made in china. When China decides that U.S. bonds are not a sufficient trade for the goods they produce, they will not only concentrate the money supply but there will be less goods to buy for the average consumer. Its a doubly inflationary effect.
Wcoltd 2 years ago
I mean, I really do agree with the bulk of your argument, but the thing that bothers me is you make it seem like the Chinese government is this bastion of friendly people who are "victims" of the big bad U.S. which is an unfair implication. They could stop buying U.S. debt which they haven't, they could SAFELY exit U.S. assets which they haven't, their accumulation of U.S. debt has kept their currency low and their exports high which is the CAUSE of their massive economic growth.
franksmith16 2 years ago
I feel that many Chinese owning U.S. bonds will become victims of some sort of default (whether it be done honestly or through inflation)
U.S. bonds represent more than just a monetary asset, it represents political leverage, the united states would be increasingly more favorable to countries which hold a substantial ownership in their debt.
Wcoltd 2 years ago
If the U.S. is a bad guy, so are they because if nothing else, they have encouraged the current crisis
franksmith16 2 years ago
Suppose you lend money out to someone who promises to pay it back at a later date, and he does, so next time you give him more money, and then he keeps asking for more. Because you trust him, you give him more and more and more, until it just seems like anything you give him isn't enough. Then one day he tells you he can't pay you back, and he tells you that you are just as much fault as he is for the current situation. This is essentially what you are implying.
Wcoltd 2 years ago
I understand about the federal reserve. Do you think the Chinese government doesn't know about how they create fiat currency? The chinese aren't dumb, they wouldn't have gotten this far if they were. You're saying the chinese are investing money as some sort of philanthropic act of kindness toward the US. That is not true. In my next message two you I'll include a link to the treasury website so you can see how china's holdings of U.S. assets have increased.
franksmith16 2 years ago
I don't think that China is stupid, or that they are engaging in philanthropy. they are doing this for a reason, perhaps China still sees the U.S. as the reputable government it has in the past or perhaps the debt represents some kind of political capital.
I am saying that we are at the mercy of the Chinese, they dictate more the economic conditions of the U.S. than the U.S. dictates the economic conditions of China.
Wcoltd 2 years ago
You're putting this in terms of a loan agreement between two people. This is between two nations with two totally different world views. If what you're saying is that China continues to lend to the U.S. and then complains about dollar values as an act of kindness, I completely disagree and I don't know what makes you think they're so philanthropic but to each his own. I've already explained why I dont agree.
franksmith16 2 years ago
Youtube wont let me send the link, if you want it I can send it by email. I shows every nations U.S. treasury holdings over the past several months of 2009. Now I've looked at it since 2008, and their investments have done nothing but go up.You support this view that chinas gov't is simply out to help the U.S and they're not. I mean come on now this is the real world. Even if they were, when you are running a nation, you don't lend and lend to a nation that is managed and then complain about it
franksmith16 2 years ago
Sure I would like to see that link, but I already agree with the data, China and other foreign countries substantially increased their positions in U.S. bonds, I think that was a mistake.
I am not saying China is out to help the U.S. I am saying that they will only sustain these economic conditions (of getting stuff and not really having to work for it) as long as they believe it to be to their benefit, and we should be thankful for what we have because it's not going to last very long.
Wcoltd 2 years ago
What I mean is that goods from China are significantly undervalued compared with other goods, for instance we can buy a t-shirt for less than a hamburger - even after it's been shipped all the way from Singapore or Vietnam.
How is it that average Chinese person receives 1/15 of the salary for 3 times the amount of work? This condition cannot last very long. That's all I'm saying.
Wcoltd 2 years ago
Ok that makes more since. However I don't necessarily agree that we are at the mercy of china although I would agree they have a substantial amount of political leverage as you said. The situation is unsustainable as you said. As for being greatful, if them doing what they're doing was out of goodwill, then yes, but under this circumstance I'm absolutley not greatful. While they try dictating terms to the U.S, they are helping the fed. reserve and corrupt U.S govt take advantage of the people
franksmith16 2 years ago
that I'm absolutely not greatful for it. Thats like saying, two people have guns pointed at you, one says to the other, let's let him live a few moments longer. I don't know about you but I'd say just shoot me and be done with it, dont leave me is suspence. I think that China's government are crooks just like the corrupt vandels of the U.S gov't. I'm greatful to neither one. I'll send the link via youtube email, thank you for the good discussion!
franksmith16 2 years ago
sorry about that i made a mistake, you dont lend to a nation that is "mismanaged", I put managed in the last message. Sorry
franksmith16 2 years ago
People don't realize we should be thanking China for all they have given us, unsustainably cheap products is the only thing that allows our standard of living to remain so high. We should be thanking them because they gave us stuff that we will not pay them back for, our past economy was based on the inept generosity of the Chinese. People in the U.S. don't understand that if China depeggs the renmembi we will be much less happy than we are now.
Wcoltd 2 years ago
Hey ass kisser........do you know what happens in China if the US stops buying their products ?
There are 1.3 Billion china men, of which, 300 million are middle class. Sounds pretty good. Oh yeah, the other billion are poor. The chinese govt. knows very well what will happen if their unemployment exceeds 7%. It is a social disaster that likely cannot be taken care of by their govt.
Jacobrester 2 years ago
If China depegs there will likely be a flood of investment moving into China as the dollar and other currencies loose value. The increase in investment will likely lead to a boom despite a reduction in exports - the increased value of their currency means more wealth for the Chinese which translates to more demand. The flood of foreign capital will likely insure that the transition between export driven to domestic driven economy will likely be more smooth.
Wcoltd 2 years ago
I think your reading of who the Chinese people are, is, on the whole, incorrect.
When U.S. citizens loose their job, they look to the U.S. government to fix it. When the Chinese loose their jobs, they to work really hard to get a new job.
Wcoltd 2 years ago
There will not be a flood of foreign cash going to China...the govts of the world are not as stupid as the common ,man who buys into this nonsense that China is some huge super power...they are not
Jacobrester 2 years ago
You said it yourself, China has 1.3 billion people, that is a lot of productive people. They are the world's largest exporter of low cost, high quality consumer goods. There is also a lot of upside to Chinese standard of living. They own a larger portion of western debt than any other country in the world. And, as opposed to many other nations their wealth is a function of their industry rather than just their ability to extract natural resources.
Wcoltd 2 years ago
Regarding whether or not China is a super power, the answer depends on how you judge what a "super power" is.
The facts are;
They comprise of roughly 1/5 of the world's population - they have the largest potential army in the world - they have a nuclear arsenal comparable to Great Britain - they have the most advanced anti aircraft carrier missile in the world. They are the third largest export market in the world and the second largest economy, and they are growing at about 8% per year.
Wcoltd 2 years ago
it's not just value that drives investment in a nations currency. China has no domestic demand markets, that's why they depend so heavily on exports to other nations. The reason the china yuan would go up is because of the foreign wealth they're generating. But if their currency goes up, now suddenly that foreign wealth generation stops, meaning that a rise in the yuan would only be temporary. As for what they've "done for us", the US/China relationship is mutually beneficial. BOTH sides need it
franksmith16 2 years ago
Neither did the U.S. in the mid to late 1800's, but domestic demand was born out of a productive population, as people worked hard and made things, exported them to other countries they became rich which then allowed them to create demand even greater than the rest of the world, the same thing will happen to china.
Will china initially loose when they are inevitably forced away from the dollar? Yes, but not nearly as much as the United States.
Wcoltd 2 years ago
You're wrong, the U.S. did have domestic demand markets. Things like steel, cotton were the main power behind our domestic demand markets. Look up the industrial revolution. Lookup Samuel Slater or Waltham Watch company. Lookup the war of 1812 were the U.S. HAD to consume it's own industrial products because of the war with Britain. Besides, even if you were right, the U.S. wouldnt have developed domestic demand overnight. Neither can China. Theres no domestic demand now. It has to be developed
franksmith16 2 years ago
Trade with Britain resumed no more than a deca
China right now does have plenty demand, they are the second largest consumer of fossil fuels in the world, and part of the reason they are not comparable with the United States is because the U.S. dollar is overvalued compared with the rest of the world in part due to unsustainable geopolitical considerations - ie military dominance and monopoly access to oil reserves along with other natural resources.
Wcoltd 2 years ago
No it doesn't, look up China exports as a percentage of GDP. This is really a deep subject and it's hard to go fully into it on youtube because lack of domestic demand is one of many problems china has. There is also overpopulation, mass pollution, corruption(book cooking). The economics is way more complicated than a mere discussion of exports vs GDP and the other things I mentioned. The basis of my argument is and has been, regardless of the economics China benefits from the current situation
franksmith16 2 years ago
As I have said, while china continues to complain about mismanaged fiscal policy by the U.S.(and rightfully so) they still continue to purchase U.S. debt and invest in the U.S. dollar. The reason for this is because they are benefiting from it. All the money they invest in the United States, they get right back when American companies pay to have products made there. The proof of this is the huge surpluses china has. I understand your argument, but this one action by china is what kills it.
franksmith16 2 years ago
Domestic demand takes years to develop. Besides that, you didn't address the main thing I asked which is why China continues (and they do continue) to invest in U.S. dollars while it's going down? China's government is full of businessmen. They're not investing cause they care about U.S. standard of living. They're doing it (even now) because it benefits them. This view that the Chinese are so graciously benefiting America is false. What they are doing they are doing for themselves for a reason
franksmith16 2 years ago
please watch this and click the dialog box that says "to jacobrester"
watch?v=6G3Qefbt0n4
Wcoltd 2 years ago
lol chinese people can consume their own products,
we always think of the chinese as machines, but they have a rising middle class too.
jetsamjetsam 2 years ago
Communist China needs to grow up and get over it's fear of the west and an internal domestic economy that allows importation in a balanced and fair way with the free world. They cannot continue to saddle us with their issues and play in the unbalanced way they've been holding the world hostage too. We can't wait forever for them to smarten up. They need to act quickly without delay and stop fooling the world. Either shit or get off the pot China!
PrincessMichelene 2 years ago
I think you've got it backwards, the U.S. is the one taking the world hostage. China is hardly a communist country anymore. In many ways, they're more capitalist than the U.S.!
The U.S. needs to grow up and wake up, the Chinese Government can do whatever they'd like to with their currency, they have the production to support it, but the U.S. cannot. If china wants to continue supporting the U.S. dollar they can do that, if they want to cut the U.S. dollar they can do that too.
Wcoltd 2 years ago
Mainland Chinese need to become middle class and have a "Chinese Dream" modeled on the "American Dream". Who showed us the American Dream? Answer: "Hollywood". We saw images of success in movies/tv and our celebrities. China needs role models that inspire them to desire, want and own things like we were taught from tv and movies. They need to identify with a desire to be like a Chinese version of Brad Pitt or Angelina Jolie etc. This will get them shopping, developing an internal economy.
PrincessMichelene 2 years ago
Communist China needs to develop its own internal market and let its own people have the resources to be mall shoppers and buy "Made in America" manufactured goods. They need to give their people security through health care and unemployment insurance. Right now they have no social structure as such so the Chinese 'save' out of fear they might need to pay for a doctor or end up jobless. Giving them security would grow a spending mid-class and customer of US products.
PrincessMichelene 2 years ago
Communist China keeps whining that their population is so big that they have to keep Chinese exporting to USA. If they're too big how does cheating justify putting the world economy in peril just to save China from collapse? Effectively they want us to endure their problem like an alcoholic who doesn't want to stop drinking. This isn't right. Maybe communist China needs to split into smaller nations if it can't handle its own big elephant. Communist China can't justify their existence this way.
PrincessMichelene 2 years ago
Having to replace cheap, toxic, poor quality "Made in China" product screws you for more money spent than it did when "Made in America" product would last 10 times longer than Chinese junk. The Hong Kong corporate elite and communist Chinese elite have designed this to suck more money out of American's pockets and cause credit issues and bankruptcy. They are effectively destroying America without firing a gun. Now we have America headed towards socialism because of this. Wake up!
PrincessMichelene 2 years ago
The problem lies with the greedy corporate elites on the island of Hong Kong that use the mainland Chinese as slave labor so they can get filthy rich.They are planted not just in Hong Kong but all over the world manipulating mainland China for their own advantage..they want the yuan to stay low and ship more jobs from America to communist China. Buying junk Made in China from Wal-Mart is cheap in the short term but not long term-you have to replace inferior products more frequently.
PrincessMichelene 2 years ago
The communist Chinese cannot keep manipulating their yuan currency to low levels and undercut the health of the rest of the world's economic prosperity. This will come back to bite China in the ass. We should focus on India and tell communist China to go to hell. Trade with India instead. The communist Chinese are dirty players in the global game stacking the deck for their own advantage at the peril of the rest of the world. Until they allow the yuan to appreciate we should stop trade.
PrincessMichelene 2 years ago
Communist China is a powder keg ready to implode. Without America's consumerism, Chinese communism and the country will collapse into a bloodbath.. They live in a "false" economic boom because Americans are money-less so China financed credit lending to keep Americans buying their "Made in China junk. Americans lose their jobs being sent to communist China, rack up credit debt, declare bankruptcy and China keeps acting like thing are good. Not! Chinese have to develop their own domestic market.
PrincessMichelene 2 years ago
first walmart no let usmart that is what in want anyone from china tax 100% their good come to us all chinese student come to us pay 200% tax an fee cuz they are rich now,
any good come from china tax 80% buy america made only
indochineboy22 2 years ago
Once America returns to PRODUCTION (and we will get out production back from China given to them by our OWN corporations), we will prevail because America is STILL the place for true innovation.
nobodysfool67 2 years ago
I dont think China can sustain forever under their current model, population, and monolithic society they have created in the span of 25 years.
nobodysfool67 2 years ago
The thing is Growby, I dont believe that the US and China are enemies at all. I think its the royal scam playing out and they alongside the elite in the rest of the super power nations are tranfering wealth - NOT to the poor - for to federal systems and black budget operations. Say all you want about Americans and their conspiricies. But in reality Americans have already lived through the fraudulent middle class system that the 'new china' wants so desperately to attain.
nobodysfool67 2 years ago
Also in terms of Bush/Obama looking for nuclear weapons in middle eastern countries.....In 1995 Clinton sold China a model of nuclear weapon which was funneled through North Korea -> to A.Q. Khan of Pakistan -> to Iran, Syria and Libya (on behalf of Saddam Hussein). I would put it to you wombly to accept the fact that it is possible that CHINA has floated the nuclear football to the middle east in exchange for Arab oil and to THREATEN the United States.
nobodysfool67 2 years ago
Also, I disagree with your 3rd person stance in speaking of China being threatened by the United States in terms of a falling dollar. The Chinese stock market is only as old as 1988. Much of their super economy is built on production. Production from copy cat models from formerly American production lines SET UP by American corporations on the cheap Chinese wage to make themselves rich, in turn selling out the American consumer and public in the long term.
nobodysfool67 2 years ago
They western 'white anglo demi-gods' are intentionally crashing the dollar and hurting the American public. They will pay back their debts AT PENNIES ON THE DOLLAR when the dollar hits its bottom. The IMF (World Bank) wants to be the globally currency distributor and they will issue the ew currency for the United STates.
nobodysfool67 2 years ago
Growby I think your perspective is that of a pro china perspective. This is NOT about American consumer spending -> DEBT. This has nothing to do really with the people or the consumer. It has to do with DERIVATIVES and the creation of 1.5 quadrillion world wide catharsis debt that has created gridlock. Four American banks have created 95% of the derivatives problem (CItibank, JP Morgan Chase, Goldman Sachs, B of A).
nobodysfool67 2 years ago
Dont be fooled by the Chinese economy. Scratch the China game and you will find American hands at work. Goldman Sachs is all over China. We are partners.
nobodysfool67 2 years ago
Chinese are realistic in their views of the global economy, trade, finances, currency, etc.
on the other hand, Americans are heavy into conspiracy theories
tacotony24 2 years ago
PLEASE!! EVERYBODY listen. WE MUST BOYCOTT CHINESE GOODS 2 help our own country out, irregardless of the dollar situation.There are other reasons. First China is getting too much power from us. Second, it will help us, help our economy if we buy American, manufacturers will be hurting over there. WE need production brought back here. Third, we need to give value back to our country, economy and help Americas first. DON'T buy at Wal-Mart. On YOUTUBE: type in: CHINESE SKINNING ANIMALS ALIVE.
saharra22469 2 years ago
The guy in the video sounds sane until minute 6:30 when he says hillary struck a deal with china to give them eminent domain over our farmland if we default on loans to china. He should be wearing a tin hat.
scottinpgh 2 years ago
Never put anything beyond the possibility when a scorned woman is involved.
stmk0 2 years ago
The US is trying to collapse the $ on purpose. Its all a planned setup to bring in "The North America Union" which will have its own currency called the "Amero" which will be the currency of Mexico, Canada & America. just youtube search "Lou Dobbs North American Union".
First Americans must be stripped of all dignity then when they offer to strip us of our sovererinty, we will beg them to do so just so we can have our lives back. The new currency will bring great wealth & we default on debts.
FreeGlobalEnergy 2 years ago
Hahaha, yeah you are wrong. Also, if we devalue our currency, we can pay our debt to china back really easily, and we will be more competitive in the manufacturing market. The increased manufacturing will increase the dollar once again and we are back to where we were. That is the logical way of thinking.
disbsam333 2 years ago
you said "if we devalue our currency, we can pay our debt to China back really easily". Threw me for a loop at first but I suspect u are saying that if for example the loan is $100 then we devaluate the $ to where now $100 is equivalent to $1 then that would be far easier to repay. Interesting concept, this is true & I assume that would really piss off China.
There are so many twists & turns to the economy many economists don't even have a grasp on how to properly deal with the situation at hand
FreeGlobalEnergy 2 years ago
This could all lead to World War III with China in cahoots with Russia, Iran, North korea...and then if they get really pissed at us because we owe sooo much money....
I want to immigrate to Mexico....only they won't let us...their laws are much stricter than ours regarding legal/illegals immigrants. I want to go to Switzerland...only I am not rich....they require that you speak the language and be able to support yourself..or have enough funds.
saharra22469 2 years ago
Nowhere to run, nowhere to hide.
Jungles are being cut own for land development. Bushmen can't roam free anymore like the early Native American Indians did because of the erection of fences. No more can man run naked, live in the wilderness and live free. He must be clothed, buy a house, drive a car, work to pay taxes to the Kings of the world. There is no going back, we are all cataloged, scanned ,recorded & tracked like cattle in a slaughter house. We must serve our masters. Freedom is dead.
FreeGlobalEnergy 2 years ago
And that was not me that gave you a -1
I don't use those, the rating of comments is stupid, discussions shouldn't be rated because there is such a thing as evolution of conversation & understanding. That's why people communicate with each other in order to come to a common understanding of the world that surrounds them. View points other than yours may not be wrong but just another angle of perception
FreeGlobalEnergy 2 years ago
Inflation within the country is somewhat controlled for things that matter. While outside the country they can do whatever they like with the USD. If super-deflated, so what. We just dust off shuttered factories and guess which country is the manufacturing shop of the world? No reverse tariff on non essential goods of course.
Can live off foodstuff. Try eating a bar of silver.
digital4u2 2 years ago
If some countries try to devalue the USD, so what. We have the power to isolate ourselves, be self sufficient. Would be better with a few of our close neighbors though. But, even without them. When you get down to it, China needs our rice more then we need a new LCD. We can, even if they own the farm in America, reverse tariff food exports. Say, 50% export tax on food items?
digital4u2 2 years ago
Digital, a country that doesn't produce anything, doesn't have those self sufficiency options.
slking299 2 years ago
WE CAN BOYCOTT ALL CHINESE PRODUCTS lol they breakdown or poison us anyway
saharra22469 2 years ago
China gets ready for default & COMEX collapse,
leaving JPMorgan & other Bernie Banks holding the bag!!
Physical Silver is only about 1/100th of derivative contracts!
All while they being pushing Silver to 1.3 billion Chinese!!
JPMorgan & co. will have their huge silver shorts fall off!!!
Can Big Ben Bernie's FED Ponzi print enough green to cover,
amidst the inevitable hyperinflation to soon follow... Hm?
IAFairMail 2 years ago 2
@bunsh1ch1- we pay just how other countries pay us in dollars. We buy the reminbi on the world currency market. and if we would ever have to buy that many RMB...think what would happen to the exchange rate! thanks for you comments.
Growby10 2 years ago
What are the chances you think this will happen? Ihear it all the time but do you think its comming?
ArcherOut 2 years ago
5/5
ArcherOut 2 years ago
How could we ever pay the Chinese back in renminbi? They don't buy enough of what little we make here in the US.... there's no way we could pay them back in renminbi.
bunsh1ch1 2 years ago
how long do you think that the deflationary pressure will turn to inflation? maybe it is all up to china as to when they spend their dollars, because theyre not stupid and wont hold onto them forever
sony8877 2 years ago
Where did you hear there may have been an agreement of China having eminent domain over US soil if debt is not paid back?
SevereTstormFan 2 years ago
Yes....it is all teetering....but gravity does work...
Funny..."China" sees what we see...the Emperors have no cloths
skybirdbird 2 years ago
thx.
matsutakneatche 2 years ago
thank you for watching and your commenting. please sub if u haven't already.
Growby10 2 years ago
If China becomes angry enough with US politicians and their corrupt alliance with Wall Street, the s#it will REALLY hit the fan. China could, within a 24 hour period, DUMP its US Treasuries. And no more bankrolling of US debt. NOTHING but bad news for the US. The analysis in this video is quite accurate. China almost DID dump its US forex reserves during the last Beijing Olympics. If Taiwan flares up, this might trigger China dumping US forex reserves. Which would mean disaster for the US.
Paolo7219 2 years ago
paolo- it's a love and hate! But, they can't do much but see this thing to the end. in the mean time they will work behind the scenes to protect themselves as much as possible. thanks and please sub.
Growby10 2 years ago
Hi Growby10: Yes, the Chinese feel they are in a tough position re the US dollar. One report sees the Chinese unloading around 50% of their US Treasury holdings because they see a continuing drop in the value of the dollar. This will supposedly take place over a 12-18 month period. But any way this situation unfolds, it is BAD news for the US dollar/economy. This is why-as you know better than I--China is buying gold AND they are buying commodities: mines, farmland etc. Bad news for USA.
Paolo7219 2 years ago
@Paolo7219 Hahahah. Dude.. you think it's that easy ehhh. China is in much worst shape than the US. It's all BS talk.
dannydarias1 1 year ago
@dannydarias1 I don't fucking think so bro. It ain't B.S. They OWN us. And they've been POURING $ into their military. For years! For WHAT? For no reason? I think not. They are MUCH more fiscally savvy than us. We, at the hands of our apathetically ellected"leaders"have been sold the fuck out. Now, thanks to our only look out for number one attitude are about to reap the whirlwind. Good friggin luck friend.I've seen this coming.People thought me paranoid. Fuck em! NOW they will reap what's sown.
rvlqcitizen 1 year ago
@rvlqcitizen God bless you,..i feel the same way...
wilatemodel 1 year ago
A little off topic but what happens to dollarized (or however its spelled) countries like Panama, El Salvador, Dominican Republic to name a few?
MacroTraficante 2 years ago
Bail Out? Never look a gift horse in the mouth :)
goscott4 2 years ago
All you inflationists are totally ignoring the government's ability and willingness to move the goalposts.
I really am starting to think that the fiat dollar can be infinitely manipulated via Fed policy and various different perversions of the already perverted Keynesian economic theories employed by gov't.
1. Markets Crash
2. Gov't borrows, bails out, then stimulates
3 Fed prints/ inflates
4. Markets recover (temporarily)
5. Rinse and repeat
roxtar10870 2 years ago
Comment removed
roxtar10870 2 years ago
Not forever. This manipulation of blowing up one bubble to the next has been happening since 1987 (Green Span) and judging by gov't debt's, consumer debts, etc, I think we are near the end. Gov'ts never proclaim to default on obligations (that is stop paying) but they always inflate (create money) to meet obligations. That leads to massive or hyper inflation.
canuck350 2 years ago
no man is an island, goes for countries too. you must assume all countries will go along with this. They wont/cant because of their own internals. so it cant work for the long run, meanwhile debt contious to rise and in the usa there is NO PRODUCTION that is sorely needed for us to earn our way out. buy american will be the word of the day amongst americans , but not our politicians
1mealperday 2 years ago
How come this eminent domain angle hasn't been covered at all in the mainstream? (I would tend to believe it, and I also think it would take something this drastic to allay worries of the Chinese re: the US debt that they hold.)
JohnLeeMD 2 years ago
@ anongrey- Hell of a quagmire indeed! Thank for you your comments. This series is not over..and there is VERY important events now unfolding regarding this topic. Please stay tuned and please subscribe and share any of my video's on your channel.
Thanks!
Harry
Growby10 2 years ago
A hell of a quagmire, to put it mildly. If we agree to pay the back in Yuan, it is curtains because we simply do not nor will we have the money to do it. Or we simply tell them no, which still means that China will not be getting paid back, plus destroys their confidence altogether as well. So, as grim and gloom and doom as it sounds, it appears that we are screwed either way. Just a matter of how and when. Superb video, by the way. GIad I found you.
anongrey 2 years ago
@1blnde- i talk about and support your idea..what some of my older video to learn more. thanks of all your comments and please subscribe
Growby10 2 years ago
think China would really want to risk the dollar losing value with as many as they are holding?
1blnde 2 years ago
great vid
lights21002003 2 years ago
Bring it on don't just waffle crap about it?
US could just adopt the Aussie dollar.
Elvensteel0 2 years ago
Comment removed
Elvensteel0 2 years ago
I better start taking Mandarin Lessons.
Pnkbong 2 years ago
What was your source for the information on the US providing China with Eminent Domain rights?
Gdayn 2 years ago
@Gdayn - Google "china eminent domain"
Growby10 2 years ago
self sustaining economies wouldn't be as hit as they've always relied on itself...china would go back a few years and really, only the rich would be crippled...the US is in all forms, reliant on almost everyone else, and with their crippling death, they are the ones propagating this bs
hollywood is in the hands of the Chinese...the US is selling its debt through institutions to the Chinese to cover debt...this problem is propaganda...period
tinman666timmy 2 years ago
your economists are very focused on one problem...your sentence of every economy will fall makes me skeptical that you're focusing on only two elements...both in your title, the US and China
i call baloney without straining my brain
tinman666timmy 2 years ago
@tinman - which country could decouple from the rest in the world economic collapse? which can unlink itself from the sinking masses?
We are, my friend, more connected and interdependent than you may think. Maybe straining your brain once in a while...would do it some good.
thanks!
Growby10 2 years ago
So let the SHIT hit the fan, who cares? What's the worst that can happen, thermal nuclear war? : ) BRING IT ON! Jesus will come just before it happens and ALL non-believers will VAPORIZE - quick ask Jesus into your heart and go to heaven soon!!
99minerkc 2 years ago
2000 years has passed - perhaps Jesus is waiting for just the right cloud.
edmack4me 2 years ago
Sorry but Jesus is coming First class mail USPS
99minerkc 2 years ago
I don't think so Jesus is not American in any case USPS is asking for govt funding as it only has money for few months left. Perhaps Jesus' dad can give his son a credit card so he could fit in with Americans.
edmack4me 2 years ago
We'll save time and money, Jesus will catch a ride with Santa.
99minerkc 2 years ago
I'm sure a lot of Germans were thinking this very same thing as they watched their currency hyperinflate to nothingness after WWI.
There was no guarantee they wouldn't have to go through the tragedies they did, and there's no guarantee for us either.
Trust Jesus, yes, but God expects you to do your part to protect yourself and your family. Anything less is just presumptuous.
waynethemanz 2 years ago
Trust in an invisible character? Why? Protect yourself and family? How, if you're medically disabled(nerve disease)and get your income from none other than the Fed govt? Easy to pop off advice when you don't know other people's circumstances!!
99minerkc 2 years ago
The Fed laundering money into the stock market. China is probably doing the same.
Google:
"Mike Whitney Fed laudering money"
karenbcz22 2 years ago
Dude...I can't believe you would post anything by Jim Willie..he's a total fruit cake
wrinkles1931 2 years ago
USA as said gone BUT as they say when U play monopoly and you buy the poor man out, China who pays them out will be left with all the stuff who no longer has money to buy. We are all gone soon.
n057828 2 years ago
TRUE 2010 usa gone!
n057828 2 years ago
Yo where do you get these information from? You're one of my resource that give me some information about the economy. I'm really to see part 3 of the information that you planning on showing dog.
Tee250 2 years ago
good vid
bad news
nextdimensions 2 years ago
Another good video!!!
lizadfuel 2 years ago
It looks like the big decline we have all been expecting is finally here.
CASTILLOM1 2 years ago
Thanks for the video.Somebody grab the flag before we leave.
Daniel1RG 2 years ago
Thanks for keeping me "awake" Harry. Please don't stop doing these vids, I like your take on things.
ShillBasher 2 years ago 2
@Shillbasher - you got it!
Growby10 2 years ago
Comment removed
ellibrepensador 2 years ago
@ellibrepensador - come on man...please prove that you're not as dumb as you look or write. If you want to engage in some intelligent conversation..cool. but if you're just some low class dumb ass please don't open your hole.
Growby10 2 years ago
Dude you are mest up. Lmao. Rofl.
Dennisinlife 2 years ago
Once China has consolidated their position they will trigger the 2nd part of the collapse. China has a point to make..."The Great leap forward "...China will sacrifice people money or what ever it takes to show the world China is the future and it's here to stay. China will aid in the destruction of the US when the time is right for them.. they will drive the knife right into the hart of what is left of the old enemies currency.
TheStoneKey 2 years ago
@Stonekey - exactly right. We have no idea what lenghts China will go ..or pain the will suffer to reach their long term goals. They think in decades and centuries...we think in days..or until the next quarterly report. sad
Growby10 2 years ago
One very powerful video. For ages, the US has stipulated that countries that owe it money pay back the debt in US dollars. To get the US dollars, the countries would have to sell resources to USA. Read "Confessions of an Economic Hitman" and you'll see. Now, if the US has to pay back China in Yuan, then you're right, it's game-over for the greenback.
BabyHominid 2 years ago
@babyhominid - few people know what you speak of. Now we may get a taste of our own medicine.
other countries had a great teacher...US!
Growby10 2 years ago
money flow is manipulated and all economic directions are orchestrated for the benefit of the powers in charge-the threats of china and loan paybacks is just noise for future manipulation of economic direction - the game is rigged and if they want to crash or move it to the brink then they will - we can only hope to see the moves before it is too late and try and act to avoid being swept under the bus-keep the informative videos coming harry because the dialogue gives us clues for decisions
keitheeds 2 years ago
so lets take all the jobs from the usa and then send the jobs to china lend usa trillions of dollars selling then crap at the same time great formula for success, they have created this mess I say usa default
banjojambo 2 years ago
Your right on, That is exactly correct,no mfg jobs here,and trillions to china,to buy,there junk
tdawgee 2 years ago
@banjojambo - but who do we have to blame? China didn't force us to by their crap at walmart. and they didn't just lend us money for no reason...we, big business and our government...all share in this shit pie we're about to eat. thanks for ur comment!
Growby10 2 years ago
i prefer a shit smoothie it will go down quicker
banjojambo 2 years ago
thanks for the vid Harry and thanks for going into the details that are so often left out of "Regular " vids and news casts. And thanks for speaking clearly and slowly.
sterlingold
sterlingold 2 years ago
@sterlingold - thanks for you comments! I try ...but sometime i ramble...hahah!
Growby10 2 years ago
gr8 vid but what can we do???
dannyboyalca 2 years ago
@dannyboy - continue to pay close attention. Save save save..and earn earn earn. Family and personal safety is first...then get your financial house in order. Invest in some PM, but don't go nuts. Silver is good for worst case scenario situation.
I don't know your money situation...so can't really answer...also u can buy some Asian and other "Hard" currencies.
I can go into more detail if you wish.
Growby10 2 years ago
Harry - thank you..
insertthissideup 2 years ago
If China collapses the US Dollar, what will happen to the Korean Won, Japanese Yen, Euro, etc?
joel1923 2 years ago
They will all collapse. Most of the world has dollars in their reserves.
ellibrepensador 2 years ago