Y’all watching China

originally posted by: olaru12
China is patient....just waiting for the Civil War in the US that some are calling for, to be over, then come in and repair the damage, for a price.

Oh, agree'd, they been playing the long game, but it's falling apart now.

a reply to: JAGStorm

The reason why the Dollar is the reserve currency is simply because of the sheer size of the US economy. No other economy is large enough to handle the float necessary to accommodate the needs of international settlements made overnight between all the banks every night..

a reply to: JAGStorm

If our currency becomes worthless what's to keep us from using our military to go take what we want? If the people are starving I doubt they will complain to much about how the food is collected.
We are not venezuela. Do you think if venezuela had the army that we have that they wouldn't have used it when their currency went bust. Remember this is what was going on in country at that time.

the crisis escalated when a Venezuelan police officer and a team of accomplices stole a government helicopter and flew it over the Supreme Court, firing shots and lobbing grenades. The police officer demanded that Maduro resign.

So, I think the worst thing that could happen to the rest of the world is for the united states to feel like it has nothing to lose.

a reply to: scraedtosleep

I know we aren't going to let it happen without at least one go at war...

Do you think if venezuela had the army that we have that they wouldn't have used it when their currency went bust. Remember this is what was going on in country at that time.

Venezuela is a much smaller country and even during the horrid depths of their hyperinflation their rich were doing just fine. I watched and read so much about it. It's really interesting. I have a feeling something similar would happen her but not exactly like Venezuela.

dbl

a reply to: JAGStorm

The crazy part is whenever I think about a future under a one world government it's under a usa flag.
No one else seems to come close at having the ability to take over the world.

a reply to: TonyS

Precisely.

There are only two currencies that would be humored. The Euro and the Yuan. Both aren't as big, and both come with arguably more inherent risk.

The Euro is comprised of completely different nationalities and ethnicities. It has more of a chance of "falling apart" than the US. And China makes the US look like the poster child of transparency. China can manipulate every aspect of their economy. And while I know the US isn't a choir boy, anyone who deals in the market knows there's far more transparency in assets on the US market.

originally posted by: JAGStorm
There’s so much going on sometimes it’s hard keep up with the big picture.

China, oh boy…

They are going through a mortgage/housing collapse like our 2008 but worse. There are runs on banks people have
Stopped paying their mortgages and the whole thing is a giant cluster just like our 2008.

Say it ain't so!

The U.S. haters that cheer China thought China's economy was bulletproof. They're supposed to overtake us and lead the world after the decline of the Evil American Empire.

originally posted by: Vroomfondel
a reply to: JAGStorm

Its sort of frightening to contemplate, but the truth of the matter is our currency only has value today because the majority of people who use it believe it will continue to have value tomorrow.

While this is true, people often forget that this was also true of gold when the dollar was backed by gold.

There is a difference in that gold has some intrinsic material value, in that it has some uses besides as a currency, whereas a dollar's intrinsic value is literally just the value of the paper and ink (which doesn't even exist in many cases today, as some have pointed out, because the dollars are digital.)

But gold is still severely overvalued beyond its intrinsic value, and has been for centuries. But in theory, people could just as easily stop wanting gold tomorrow as they could stop wanting U.S. dollars. In that regard, the instability of the dollar was merely shifted from one abstract point to another when it was no longer backed by gold.

That said, I am under no illusions that the linked, globalized economy, or our currency, are inherently stable. I think they're both a house of cards.

originally posted by: Vroomfondel
a reply to: JAGStorm

Its sort of frightening to contemplate, but the truth of the matter is our currency only has value today because the majority of people who use it believe it will continue to have value tomorrow. There is literally nothing backing it, not even the assurance of the US to provide value for it. In fact, we are devaluing it at a record rate. We have nothing more than a faith-based currency. That wouldn't be such a bad thing if people had faith in the government. By far the majority of people on this Earth do not. Not any more.

The moment the dollar is replaced as the reserve currency will be the moment of our insolvency. We can never hope to pay our debts now, they are simply too big. And a reserve currency based on rare earth elements that are abundant in China and Russia, but not in the US, well that is pretty much game over.

Typical doom porn.
Rare earth elements are in abundance even here in the US. We don't mine them because of the enormous ecological impact it has. So, we let the chinese do it.
However, since Trump, who literally forsaw the weakness of outsourcing endeavored to correct that.

Also, the reason why the US Dollar won't be replaced anytime soon is the amount of investment within US institutions. Despite our current setback, the Dollar remains where it needs to be.
You can't compare the US economy like others, simply based upon our role as the Resrve Currency, certain obligations are attached and much of US debt was in response to global deals and initiatives.

If anything, the World owes the US.

a reply to: JAGStorm

Why they are bussing/flying/boating in the world's most poor and criminally insane to the US. Like wrangling in the cattle for the big slaughter. Enjoyed the OP btw...

Honestly it's the perfect time for China to invade Taiwan. From what I understand, it would be no cakewalk, but the U.S. is in a weaker position than China is likely to see again in decades. Our economy is stumbling, we have projected weakness with our Afghanistan debacle and our feckless, token response to the Russian invasion of Ukraine, and our President is a joke. Biden said he'd defend Taiwan and he literally flipflops on everything, so he'd likely do nothing.

I mean honestly, is the American public be ready to endure the pain of war with China over Taiwan? Sanctions would be hard to do because our economy is so dependent on Chinese goods. War would be the only option, and I don't think we have the stomach for it right now. If China calls our bluff, I bet we do next to nothing.

We are not at war with China, the biden family are friends with china and has taken plenty of money from them.

Soo under dementia biden China is our friend.

originally posted by: vonclod
What I've seen is the chinese losing their sh#t, their real estate is worthless, they cannot retrieve their money from banks, the instances of people getting rich are being controlled/frowned on now..more protests. They are realising as we have, the dream is over! and it was smoke and mirrors.

What happens next?

They come over to US & buy up all OUR real estate

a reply to: JAGStorm

So China and Russia want a new currency based on rare minerals. My question is what do they do with the debt they have once they change over?

fingfx.thomsonreuters.com...

originally posted by: Tarzan the apeman.
a reply to: JAGStorm

So China and Russia want a new currency based on rare minerals. My question is what do they do with the debt they have once they change over?

fingfx.thomsonreuters.com...

If the Russians and China back their currency with gold and silver; where do you think the smart money will go in the global markets and investing, corporate capital? If it's digital money, the debt can be erased with a key stroke.

kingworldnews.com...

China has a world of problems I fully expect them to invade taiwan as a distraction for the angry people.

How many companies in china are actually govt owned, they have a ton of debt and its getting worse by the day, this 160 odd billion they are putting out for companies that have defaulted is a band aid on a sucking chest wound.

The 7500 they are offering to pay people that got caught in the online bank scam to the tune of billions is only going to piss people off even more that lost everything, when you have nothing left but your life a lot of damage can occur.

They have a population problem a large chunk of their population will be between middle and old age in the next few years, they are currently slated to have population contraction of about 300 million by the end of the century.

originally posted by: GlobalGold

originally posted by: vonclod
What I've seen is the chinese losing their sh#t, their real estate is worthless, they cannot retrieve their money from banks, the instances of people getting rich are being controlled/frowned on now..more protests. They are realising as we have, the dream is over! and it was smoke and mirrors.

What happens next?

They come over to US & buy up all OUR real estate

That's the long game they are playing, been doing it for the last decade, they have wrecked Canada's real estate, with willing local govt complicit..$$$$$

Anyway, I think more and more, China is doing everything in their power, to keep that money, rather than it leave the country, the last year or two for sure. State owned entities will keep on keeping on though, buying up our stuff..because we are shallow/dumb enough to sell it.

I think I finally understand the motivations behind the PNAC (Project For A New American Century) and the America First initiative, and the false flag of 9/11, and the attempt to dominate the world thing that happened back then.

Maybe Rumsfeld and Cheney were on to something back then?

I'm not saying Team America, F yeah - only because I think we might be too late.

a reply to: JAGStorm

It's not a subprime bubble as much as what happens when chains try to expand too fast. Or a pyramid (asset) bubble. It becomes using the money from sold uncompleted properties (which is allowed in China) to pay for the next round of expenditures.

China is blowing up vertically and infrastructurally. Nothing but massive soulless planned cities of the future. Drab block housing in cookie cutter highrises. Which now look like the Vegas strip in 2008.

But this is different than our crises in that these people are buying properties within their means, and just refusing to pay the mortgage until their properties are done. The hubris of Chinese ambition outweighs the middle class, and the projects now cost more than there are people to buy the properties. The developers ran out of operating capital.

They are new to Capitalism...