Economist Dambisa Moyo and author Gordon Chang speak to Jon Snow about the problems in the US economy in light of Hu Jintao's state visit to the US (Jan 19, 2011).
The red currency/note displayed in the graphic is not Chinese money (I think it is Korean), get it right?!! Such ignorant Brit! Gordon Chang's book "The coming collapse of China" is 20 yrs old, yet China is marching at 10% per year! Not a very good prediction, is it!
If that has any real worth in the world than how can you explain why it is China is such a large creditor nation and these countries are up to their necks in debt with no way to actually pay the Chinese back for all the money they've loan them, or the fact that Chinese companies are now primarily responsible for large scale infrastructure projects in the developing world.
In real terms how much is that growth actually worth as QE is making the dollars worthless?
Considering China already has a higher PPP GDP rating than the US, population means nothing when already the middle class in China alone is bigger than the US population as a whole.
Furthermore how much of this wealth is actual wealth and how much is produced by the false growth of deregulated finance that has been around since the 1980s, there's a good reason America's economy is falling and has more to do with domestic economic policies than China's rise.
wtf i wwanted to hear what gordon had to say about china!
tilorb 2 months ago
@ebonyarko769 Because he's been "predicting the collapse of china" for 20 years now
walle1999 4 months ago
Why did they cut off Gordon? Thats just disrespectful!
ebonyarko769 10 months ago
gordon is just another chinese traitor
MultiAlpha111 10 months ago
gordan chang is a taiwanese idiot, he has no clue about economics let alone chinese economy.
stealthpakfa 1 year ago
@shussey100
how can u be so sure of the american statistics. no one believes the US statistics.
stealthpakfa 1 year ago
The red currency/note displayed in the graphic is not Chinese money (I think it is Korean), get it right?!! Such ignorant Brit! Gordon Chang's book "The coming collapse of China" is 20 yrs old, yet China is marching at 10% per year! Not a very good prediction, is it!
wildwheelie 1 year ago
@shussey100
If that has any real worth in the world than how can you explain why it is China is such a large creditor nation and these countries are up to their necks in debt with no way to actually pay the Chinese back for all the money they've loan them, or the fact that Chinese companies are now primarily responsible for large scale infrastructure projects in the developing world.
In real terms how much is that growth actually worth as QE is making the dollars worthless?
Player0 1 year ago
@shussey100
Considering China already has a higher PPP GDP rating than the US, population means nothing when already the middle class in China alone is bigger than the US population as a whole.
Furthermore how much of this wealth is actual wealth and how much is produced by the false growth of deregulated finance that has been around since the 1980s, there's a good reason America's economy is falling and has more to do with domestic economic policies than China's rise.
Player0 1 year ago
Gordon Chan?? LOL ...... ignorant idiot! Hes the one who is making money of off CHina! Remember that book he wrote? Its about CHina!
12gigiJAbomBOMba 1 year ago