4/2/2009 Peter Schiff On CBS News: China: The New Economic Super Power

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[specialks1953]

Our leaders are selling our souls. Our leaders are fools.

[tyronebiggums3]

Top 5 banks now:

"Only 1 is American." -- JP Morgan Chase

JP Morgan #5

BWAHAHAHA

They're insolvent along with the criminal banks.

[louiethegreater]

The China problem is as simple as placing a tariff on Chinese made products. That will not happen, because the distruction of the the U.S. Economy is the plan, and globalization is the reason.

[louiethegreater]

@TheFunkadelicFan The solution is soooo simple, just add a 50% tariff on Chinese imports. That is a no brainer.

[TheFunkadelicFan]

@1XMarksSpot You're missing the point. I was trying to point out that you had no solutions. You're solutions were merely statements of the problems.

[1XMarksSpot]

@TheFunkadelicFan There are cures for cancer, but Big Pharma keeps the cures suppressed because any cancer cures would threaten their profits. Big Pharma would go bankrupt.

[1XMarksSpot]

@andyhwang2009 "China will be Democratic country in 10 years because of Chinese middle class"

Don't count on it. Maybe in another 3-4 decades...

[TheFunkadelicFan]

@1XMarksSpot Problem #1: Too many people are dieing of cancer.

Solution: Find a cure for cancer.

Why don't doctors get it?

[1XMarksSpot]

@ananiasacts Thanks for providing some of the solutions there :)

[ananiasacts]

@1XMarksSpot, That's no list of solutions. How do you cause people to save more money? How do you curb government spending? Which programs are you proposing to cut? Social security? Defense? Welfare? Your living in a dream world if you think you can make those things happen. If you think you can manufacture something for less here no one is stopping you. I doubt you can. Or are you suggesting protectionism like trade barriers? I at least offer REAL solutions to our problems in my blog.

[1XMarksSpot]

@ananiasacts By pointing out the major problems, I also pointed out the solutions.

US Problem #1: Little Savings

US Problem #1 Solution: Save alot more, so there's capital for investments

US Problem #2: An increasing national debt

US Problem #2 Solution: Curb spending to reduce the national debt

US Problem #3: Literally no manufacturing

US Problem #3 Solution: Bring back and stimulate manufacturing

It's difficult, but doable.

[ananiasacts]

@1XMarksSpot, Obviously at this point China needs America more than America needs China. In fact, you might say that by keeping it's currency so deeply undervalued China is waging a sort of economic war on America. But tell me, what you would you to fix things? Stop free trade? Why are folks like you so full of complaints but so short on solutions?