China Rushes to Complete $100B Deal With Iran

Originally posted by beaburt
China ranks a distant #7 GDP to the US #1 GDP by a huuge margin, China isnt exactly an economic powerhouse. Also do you really believe that the US would allow China to control our vital oil interests..lol...not in a million years. China has enough problems with a 90% poverty rate and an average annualized salary of $ 6600 compared to the US $45,000. China has a long way to go.

well you have to look at the rate of growth and speed of growth of the economy and also how much raw cash is comming into the country. china is way up the list inh how fast its economy is growing and if it continues to manipulate its currency and economy internally vs externally like it is then in the next 50 years they will continue to grow and grow so soon they will come near american GDP and be in the top 3 within the next 50 years.

Originally posted by beaburt
China ranks a distant #7 GDP to the US #1 GDP by a huuge margin, China isnt exactly an economic powerhouse.

No they are not yet but they are one of America's best investors of American dollars.

How is that? well they are a dictatorship but that doesn't mean that the elite can not benefit from investing in America.

Also do you really believe that the US would allow China to control our vital oil interests..lol...not in a million years.

Well US better hurry up and get the UN to put sanctions or they will have at least a sustainable amount of it in Iran.

China has enough problems with a 90% poverty rate and an average annualized salary of $ 6600 compared to the US $45,000. China has a long way to go.

Who say they are making money for the benefit of their people? remember they are a dictatorship people has not say so in the elite business deals.

Intel Capital Boosts Investment In China
intel.com...

China is no what many people think, a remote country with not technology at all, don't be fooled.

China can cause a great deal of problems to the US if they change their investemnts from dollars to Euro.

As China's manufacturing industries flood the world with cheap goods, the Chinese central bank has invested roughly three-fourths of its growing foreign currency reserves in U.S. Treasury bills and other dollar-denominated assets. The new policy reflects China's fears that too much of its savings is tied up in the dollar, a currency widely expected to drop in value as the U.S. trade and fiscal deficits climb.

www.pastpeak.com...

US has to be very careful of the grow of China in the world Markets just like many other countries they expect US to fall sometime in the future so they can benefit from it.

Marg has a point. The US will go bankrupt in my opinion in the next 20 years if it continues it's deficit spending policy. The same principle applies to a country as it does to us individuals. Once you're at the limit of your credit you can't borrow anymore. The US is starting to approach this point. They can't print more money to get out of the hole for fear of devaluing the Dollar.

I think the war in Iraq was more about the threats Saddam was making about switching to the EURO for payment for oil and Iran was threatening the same thing

I mean if you're running a country why not get the most money you can for your goods. China doesn't have the debt ratio that the US has and in fact holds the American economy in their palms. If they start dumping their US holdings for EUROS watch the American dollar plumet

A lower dollar is good for a country when they have a big export market but the US is a net importer with no manufacturing sector to really speak of. Everything comes from Asia(China).

So I think China is smart to get a deal with Iran because it will secure their oil interests for their growing economy and who can blame them. The US is pissed because they have competition for dominating world oil.


A country cannot spend half of it's budget on their military and ignore the rest of their responsibilities to help stimulate growth in their economy. Oh wait, yes you can. Start a war and let the war machine keep your economy afloat. It wouldn't be the first time.

[edit on 19-2-2006 by DEEZNUTZ]

Originally posted by beaburt
the United States imports most of its oil from Canada, not from the middle east.....so this whole concept that we are over their for oil is a crock.

I don't think Canada can supply the U.S. with a steady flow of 20-25 million barrels per day.
Believe it or not, the U.S. needs oil imports from other foreign countries to keep the economy going.

DEEZNUTZ why so much anti-American sentiment, people have been saying we will go bankrupt since 1914 when we empowered the Federal Reserve and Central Banking system....incidentally its the same banking system your country has...lol. The US government is far to powerful a machine, far to ravenous a monster to allow any country or region to endanger its survival.

Originally posted by beaburt
The US government is far to powerful a machine, far to ravenous a monster to allow any country or region to endanger its survival.

The problems is that since 1914 US dependancy of foreign investement has grown out of proportion, top it with oil dependancy and corporate greed has actually make us very vulnerable to any change of hart of any of the countries that have vast investments in American dollars.

Blame it on capitalism and Free market, while is the best way to make money we have lost ownership of our country.

Frankly when we created the Federal Reserve which is owned by a majority of foriegn private investors we gave up ownership to the Foriegn and domestic Banking Cartel. The Federal Reserve isnt a Federal institution of government...it is a private company. As far as bankruptcy check your history FDR declared the US government Bankrupt in 1933. The banking cartel controlled by families like the Warburgs, Kuhn Loeb etc dictate interst rates, money supply, depressions, recessions, booms and busts. As long as the bankers want to keep the USA alive they will....as long as they profit handsomely.

"It worked so far for China because China had its own oil. As the Chinese economy keeps growing, the situation will change dramatically: China has already become a net importer of oil, and the price of oil has been increasing. This will create pressure on an economy that basically specializes in cheap goods. At the same time, the huge USA trade deficit that has been supporting Chinese growth is putting pressure on the Chinese currency, which is kept artificially low by the Chinese government. Eventually, the Chinese currency will have to fluctuate and the oil factor will become relevant. Those two factors will push up the cost of manufacturing in China, thus making China a lot less competitive.
Domestic politics. The Chinese economic miracle is mainly the economic miracle of a few eastern metropoles. There has been little tangible benefit for the rest of China, which in fact is living in horrible conditions (high pollution, inadequate health care, massive displacement of people to harness energy, rising unemployment). These were precisely the conditions of Qing China that led to Sun Yatsen's revolution one century ago. "

Originally posted by beaburt
DEEZNUTZ why so much anti-American sentiment, people have been saying we will go bankrupt since 1914 when we empowered the Federal Reserve and Central Banking system....incidentally its the same banking system your country has...lol. The US government is far to powerful a machine, far to ravenous a monster to allow any country or region to endanger its survival.

Why is it that when anyone contradicts US policy you're automatically Anti-American. I'm not at all. I was just stating a personal opinion. I'm still allowed to have free speech in Canada. Maybe you should ask yourself if your blind to the obvious. Your country is at a critical period in it's life. The chances that the US could default on foreign loan payments is very real if you're economy can't sustain it's overvalued market. What happens when the economy takes a down turn and people start losing jobs and companies start downsizing. That means less moolah in the old federal coffers and when you're posting record deficits how long can the US keep that up before they start dodging the creditor calls.

I'm getting really sick of always being called Anti-American because I don't believe all the BS Bush spoon feeds you. Everyone outside of the US can see this happening. Maybe it's time you took the blinders of buddy and stop giving knee-jerk reactions to something you obviously have not read up on.