Re: Question for Peter Schiff: "Are you sure about China?"

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Category:

News & Politics

Tags:

• China
• Peter
• Schiff

[thiscreepingmalaise]

she said "come out, on top." I just went from 6 to midnite!!

[PunjabiSikhRajput1]

wow a girl interested in economy and money... I only watched cause i couldnt believe it... nigga yea...

[eyecoin]

Wow. I rarely see a nice girl like you who pays so much attention and remembers so much. Very thoughtful. Are you single?

[Warzoooooo]

Through out history, the country with the highest production have been able to have the highest livingstandard. Now for a long time, US citizens have been living the life that the Chines should have been living, due to fiat-currency with a worldcurrency status. That all is coming to an end.

If a person produces alot of food, he can eat well. And if he produces furnitures he can live comfortably. The same goes for a nation, if they produce the get a higher livingstandard.

[aviomaster]

- You are very beautifull , I can not focues on your point ... I am sorry ...

ALL nations who produce and sell and save ,, will be creditor nations , USA can go make large deficits cause Dollar is worlds reserve currency , and The world shares the suffering with USA. Zimbabwe is different , nobody wants to hold Zimbabwe dollars in the world. Peter Shiff point is that Chinese are going get rid off the dollar and That will be real problem.

[tangldmojo]

...will China be able to triple the living standard of it's average citizen in the next year or two? If they can't (and how could they?), I just don't see who it is that will be doing the consuming, post WWII-type retooling notwithstanding.

[L1661N6]

dang this girl is fine!!

[vladcubax]

your are brilliant lady...thank you for the insight you made things clearer now.

[ulysseinvest]

(#3)

So the day the dollar drops (when it does - and it will) US will stop buying Chinese goods thus forcing China to lose 250B$ on exports but at the same time allowing prices for other stuff China imports to lower tremendously - and but for the re-shuffle of the Chinese workforce - China should be roaring again in 2 to 4 years (from beg of recession). Back to your question - YES it's probably best to not invest all you have in China TODAY... but then, Austrians never try to time markets...

[ulysseinvest]

(#2)

...translate into cheaper prices for whatever China "imports" (i.e. less imports). All these equal, you will see a "re-shuffle" of Chinese workforce but the damage from a "macro-economical" viewpoint is of a degree that can be absorbed within 3 to 5 years (ex: unemployment rate moves from x% to x+5% then drops back to x% a few years later). The distortion in the current US macro-e structure however will probably take anywhere north of 20 years to correct (rebuild factories, savings, etc).