China has a much larger worry than the USA!

originally posted by: FingerMan
Sonny? Are you serious? That is what a super old fart calls his grandson. lol...

Spekaing of old farts, Buick, the preferred automobile of old farts, should be thankful there actually is a Chinese middle class since 80% of their global sales are in China. This is one example of many.

a reply to: FingerMan


I get it Now , I am Talking to a Delusional Individual . Good Luck with that Sonny , My Condolences .

So much for a thriving economy to do battle with the US.


Black Death in China

originally posted by: Zanti Misfit

originally posted by: FingerMan
a reply to: Zanti Misfit

Bro. You are speaking hateful nonsense. Just go away. This is not reddit.

I Deny Ignorance , do You > ? You and Mr. Graysen are talking Nonsense on this Thread . Check your Facts before you put them in Writing SONNY . COMMUNIST Countries do Not have " Middle Classes " , they have Slaves .......

Its you who needs to fact check. China has been adopting capitalist principles for a few decades now - the middle classes are so numerous and with enough disposable income they've bought up nearly every skyscraper and property in European major cities for the last decade.

The explosion in the middle classes over there has made it impossible to buy a house in somewhere like London as any new builds there are advertised and sold in China exclusively for a year and are rarely any left over/available to the domestic market.

a reply to: EternalShadow

Yeah what a system creating money out of nothing and driving the value down over and over. The endgame doesn't look good.

a reply to: Zanti Misfit

That's a seriously ignorant statement. So working under communism and making enough for a decent living makes you a slave but working under capitalism and barely getting by makes you a free person???

a reply to: FingerMan

Two cases of a treatable disease. Nothing to worry about.

originally posted by: Joecanada11
a reply to: Zanti Misfit

That's a seriously ignorant statement. So working under communism and making enough for a decent living makes you a slave but working under capitalism and barely getting by makes you a free person???

Guns = freedom ,where have you been, the only failing cities in the U.S are gun free zones....geeez..

a reply to: bastion

" China has been adopting capitalist principles for a few decades now "


Ah Yeah , Like I Said , Delusional ...........

I've seen a lot of reports of China laundering money in the US to prop up the Chinese currency. There are some CIA reports on the China Bank in Trump Tower that have been publicized.

If somebody knows of these on YT, please post. I'll look later. But, that is a major reason China is cracking down on Hong Kong atm. It's all falling apart for them.

a reply to: FingerMan


I love it when people show a total lack of finance when they bring up the petro dollar.

The petro dollar means nothing other than oil producing countries price their barrels in US currency.

With the US being the number one oil producer in the world this isn't going to change anytime soon.

The only advantage to having oil priced in US dollars is no conversion is needed for investments. But lets say the pesos became the preferred currency would not effect the US in any way other than additional math for wall street.

originally posted by: Zanti Misfit
a reply to: bastion

" China has been adopting capitalist principles for a few decades now "


Ah Yeah , Like I Said , Delusional ...........

Let me guess. You've never set foot in China. Never watched a PBS special about China. Never read a Wall Street journal series on doing business in china.

double post

originally posted by: Graysen

originally posted by: Zanti Misfit
a reply to: bastion

" China has been adopting capitalist principles for a few decades now "


Ah Yeah , Like I Said , Delusional ...........

Let me guess. You've never set foot in China. Never watched a PBS special about China. Never read a Wall Street journal series on doing business in china.

Isn't it funny how a false sense of pride, trying to overcome what you don't have, can take over for logic.
Small penis syndrome. It's actually a thing.

a reply to: FingerMan

Not everyone is as ignorant as you are.

One last try.

China is highly statist, and a totalitarian society. But after Mao died, there was a backlash against the cultural revolution. The central committee could not feed, or more importantly employ the millions of Chinese who were fleeing the countryside. So they set up state controlled corporations, owned by the workers. The managers of all these factories making cheap plastic exports became a middle class in Chinese society. They have been allowed pay incentives in Stock and even cash, and have come to economically dominate civilian society in China.

The Chinese versions of Amazon, companies like Alibaba are examples of this. The company serves the state, and the corporate leaders keep a share of the profit. The model most resembles the syndicalst systems of fascist Italy and Germany. It isn't communism any more; but it definitely isn't free enterprise either. Nevertheless such systems prosper the middle classes where the state underwrites their prosperity. You can read up on the Chinese governments attitude toward SMEs for more (small-to-medium enterprises).

So you could google any of that, and learn about what is really going on in the Chinese economy right now, instead of regurgitating your junior high government textbook.

But if you need to, you just keep right on thinking about the size of my penis.

"Finger" man. Lol

a reply to: FingerMan

Well, i think you are partly right.. one thing you have to remember, china has money that is backed by gold and they own almost 2/3 of it with India close behind.. India, the people are fanatics about gold and they own more per person than anywhere else in the world lol... but, India is not a threat, not economically.... they are a threat educationally...

There are more Indian engineers in the world than the rest of the world combined... lol... they are an education power house lol...

But, china will eventually play their economic card... why, well simply they can't currently sustain their defense budget and spending trying to catch up on the world stage with the rest of the world. They continue to push toward space and spend billions making new carriers and islands etc etc.. this while you are right their people continue to want more...

here is the problem with China though... we really don't know.. they are the most closed society on the planet... they control everything... if you believe the few who have defected and talked the people are ok with them spying on every aspect of their life and scoring it... if you score pro government you get the loan or car etc.. if not, well you might disappear lol.. problem is, most believe this is ok.. their lives are better, for the most part they are satisfied... the fat and happy scenario.. But, we know from history itself that this will not last.. sooner rather than later the people will no longer be satisfied with handouts and other's getting rich off their labor etc etc... we simply can't deny history...

Eventually, china will play this economic card, they will not have to fire a shot.. they own most of our debt.. simply calling it due will end us... plus, they could call for their currency to be the new world currency tomorrow if they wanted to ... they manipulate it and it is one of the few in the world that is backed by real gold... ours, backed by air lol...

originally posted by: dlbott
a reply to: FingerMan

Well, i think you are partly right.. one thing you have to remember, china has money that is backed by gold and they own almost 2/3 of it with India close behind.. India, the people are fanatics about gold and they own more per person than anywhere else in the world lol... but, India is not a threat, not economically.... they are a threat educationally...

There are more Indian engineers in the world than the rest of the world combined... lol... they are an education power house lol...

But, china will eventually play their economic card... why, well simply they can't currently sustain their defense budget and spending trying to catch up on the world stage with the rest of the world. They continue to push toward space and spend billions making new carriers and islands etc etc.. this while you are right their people continue to want more...

here is the problem with China though... we really don't know.. they are the most closed society on the planet... they control everything... if you believe the few who have defected and talked the people are ok with them spying on every aspect of their life and scoring it... if you score pro government you get the loan or car etc.. if not, well you might disappear lol.. problem is, most believe this is ok.. their lives are better, for the most part they are satisfied... the fat and happy scenario.. But, we know from history itself that this will not last.. sooner rather than later the people will no longer be satisfied with handouts and other's getting rich off their labor etc etc... we simply can't deny history...

Eventually, china will play this economic card, they will not have to fire a shot.. they own most of our debt.. simply calling it due will end us... plus, they could call for their currency to be the new world currency tomorrow if they wanted to ... they manipulate it and it is one of the few in the world that is backed by real gold... ours, backed by air lol...

China does not own most if the US debt. It owns about 5% of it.

They also can't ' call the debt due'' it's fixed term bonds.

They don't have a currency backed by gold.

originally posted by: dlbott
Eventually, china will play this economic card, they will not have to fire a shot.. they own most of our debt..

They don't own most of our debt, they aren't even the foreign nation with most United States debt, that would be Japan.

originally posted by: EternalShadow

As to the OP, you're optimism, while misplaced, is interesting. You do realize that China, India, Russia, are looking forward to the inevitable collapse of the Petro Dollar, with China looking to replace it with a gold backed yuan. These nations are steadily increasing their physical holdings in gold. Even selling off Treasuries too and putting that into gold.

The United States is and continues to be the world's largest holder of gold tonnage. In fact, the amount of gold held by the United States is greater than Germany, Italy, and France....COMBINED. Russia is 5th on the list of largest gold reserves and China is 6th while India brings up the rear of the top 10 list of largest gold reserves at #10. So...yeah...your statement literally makes no sense.

The US economy is a complete disaster, and these nations know it's just a matter of time.

The US economy is still the largest economy world wide and is as far from a "complete disaster" as you can possibly get. The GDP of the United States dominates the global economy. Since 1871 to be more precise. The United States GDP is nearly double that of China.

that's the strength of a fiat reserve currency, as long as it remains fiat no one has to pay off any debt so nations can spend at insane rates and keep growing their economy far beyond what all the gold in the world ever could allow. the reason nations like russia and china are growing their reserves is not to break away and challenge our position as reserve currency, but to grow their economy and paying off debt is not in anyone's interest.

the world combined only owns 30% of our debt, china only owns 26% of that 30%, or 1 trillion dollars. the social security administration owns the rest of our debt, we are nowhere close to being removed as a reserve currency. china has no interest removing that status from us, what they want is for other top economies to join the reserve status, to lessen the burden on our economy and in turn the world economy.

china is more interested in making money and prospering than challenging us in the way so many of you America haters seem to get off to in your fantasies. we get paid, the world gets paid, everyone benefit's.