SNN - Chimerica, what it means and it's function of impact

Niall Ferguson on his new book, "The Ascent of Money: A Financial History of the World."

In the conversation, drawing on insights from the biological sciences, Ferguson describes the rise and evolution of finance focusing on insurance, banks, and the bond market. Using the
examples of housing and the U.S. China economic relationship, Ferguson demonstrates the way history can inform our understanding of the current financial crisis. He also reflects on the implications of the financial crisis for American global hegemony.

watch the full video here:
http://www.youtube.com/watch?v=9cIeQp2zzhY

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[ourearthhome]

It was not in the interest of China for us to use their savings to drive up our land values, the heart of all real estate speculation. Nothing was gained by driving up the cost of land that not only was no more productive or useful than before but is also a common necessity the increased cost of which makes mere survival more expensive. A condition of further Chinese lending should be to require the US to adopt high taxation of land values and lower taxation of real capital investment.

[LastReplaySC]

the moment the US was importing more then it was producing was the moment the US became dependant of foreign borrowing and investments. turning the economy into a consumer market without creating solid wealth is called "fake economy"...it's just a revved up system eating it's own substance.... but hey not only the US depends on this, for as long as it will last, it's in global interest to keep it running until an alternative is found, the solid middle class will pay for generations.

[LastReplaySC]

TIME was GAINED...... not everything ways up in dollars.... they can be replaced by anything and march 2009 will show how long investors will keep up this racket and buy this hopeless piece of inflationary paper. the moment US retail breaks and cant make payroll due to inflation and loss of buying power is the moment the dollar will be dumped.

[LastReplaySC]

imagine this after the govt bought all the crap values they will end up dismantling them and selling the "land" without "federal conditions" to anyone willing to pay for it, "preferably in dollars" that will be the final sell out of the USA to keep the currency in place for the time it takes to finance a clean new currency.. and to introduce the NAU to the people.

[LastReplaySC]

Re-pooling assets and wealth for the big one! The world will buy it and even finance it ,if the NAU agrees to the new IMF & WTO market rules.

[LastReplaySC]

That Birkeley host Harry Kreisler really gets on my wick: he reacts like a giggling whore that is only just realizing that, he's not only got a red blue and white dick rammed up his ass but also that china has paid for most of his life while peeing on his head. You get the same type of giggle explaining a 30 € dumb fuck that you only want a blow job with a rubber, while saying "I do trust you don't have HIV my love!"

[imangrynow]

V interesting pretty smart for a Thatcherite!