Capitalism cannot flourish in a country that is communist. I’m sure china is having more good days than bad for now.( hence, it’s a communist county ) a good example is Russia. It just does not work. I’m sure sales are down in china, so what do you do. Turn on the propaganda machine. Let’s see here... Changing the bond market, let’s get the world to accept the Yuan, let’s bring the standard of living up in china for our country; All this is capitalistic. It also sound like china is in somewhat of a panic mode. I’m sure china will not empower it’s people with wealth. With wealth comes power and if you give the people of china power, they will want elections next. Down comes the communist china and up rises capitalist china. China has not changed in what seems like forever. I don’t think China has any intentions of doing that now. I believe china is saying all this stuff, because they are about to be in as much trouble as we are.

Oh ,And one more item here, email or call you representatives in Washington and let them know we need our manufacturing jobs back. Also throw in there that America cannot survive on call center jobs. This mess the country is in will only turn around when manufacturing job are returned to the United States.

Originally posted by SJE98
... let them know we need our manufacturing jobs back.

What would you like to manufacture?

Old technology or new technology?

Has been or will be?

Is America ready to innovate and create or will it revert back to regulate and legislate?

Also throw in there that America cannot survive on call center jobs.

I thought all the call center jobs already went to India. Those stuck up hindu pricks need to learn how to deal with people better. That's there lot. Besides that they speak english so it was a good fit. How's that for Karma.

Chinese make good factory workers because they don't question authority and they OBEY, unlike Americans. Besides that they all needed something to do with their lives. They were just living in mud huts and eating rice. Happy being miserable I guess.


[edit on 10-6-2009 by In nothing we trust]

Originally posted by Rivyolie
Is anyone else connecting the dots here? Or am I imagining it? 3rd world coutries have debts issued to them in foreign currencies, often have crippling inflation, go into the same "death-spiral" described, and have some of the worst governments in the world. Naturally not everything can be blamed on foreign-currency debts, but some sure can.

[edit on 10/6/2009 by Rivyolie]

[edit on 10/6/2009 by Rivyolie]

I could call it poetic justice if USA issue in foreign currencies

Also you need to take in consideration of what the strength of the dollar is vs. the Yuen in the exchange rate. For example lets say party A owes party B $10 usd($) while party B uses Yuen(Y). And the exchange rate is 1:1($:Y). Breaks even. now lets say the dollar devaluates and the exchange rate is 2:1.
Now considering if the number amount doesn't change party A still owes $10 but party B only gets 5. Now if it was to be paid in Y then party A would have to pay back $20 to get to the original amount owed.

This said it sounds like China is trying to get us to shell out more cash. Maybe they are trying to squeeze an already strapped country (so they tell us) in an effort to destabilize us even more or maybe they are just trying to break even and not lose money.

This only works if there isn't a clause in the loan stating Party B will get paid the worth amount of 10 Y at the time that the loan was enacted.

Other wise China is just trying to raise their prestige. Or they could be saving money by not paying their moneychangers.

Originally posted by js331975
it sounds like China is trying to get us to shell out more cash. Maybe they are trying to squeeze an already strapped country (so they tell us) in an effort to destabilize us even more or maybe they are just trying to break even and not lose money.

This only works if there isn't a clause in the loan stating Party B will get paid the worth amount of 10 Y at the time that the loan was enacted.

Other wise China is just trying to raise their prestige. Or they could be saving money by not paying their moneychangers.

I posted an excerpt of an assessment of China's economic concerns which somehow got ignored because it conflict with our fantasy notions.

Beijing struggles to hold the country together with massive bank loans throughout it's the less productive regions that never really are repaid. It's the cost of keeping the country together.

Two Trillion in US bonds was still a good yield comparatively, and seemingly as iron clad guaranteed as anything on the plant.

But in the space of a year, China's exports have halved. The manufacturing boom underwrote the massive expansion and looked like it was going to unify a deeply fractured country.

Now the countries southern region has lost faith in the dream and will go back to subsistence agriculture as the attempt at a fast tracked Industrial Revolution has failed. Better poor and struggling than working for pennies an hour in capitalist sweatshops.

So despite the pomp and ceremony, China may be going back to square one. A country too large and populous to unify and keep on track. The pockets of commerce like Beijing, Shanghai, Hong Kong will still be where
the import/export money is concentrated.

But China as an economic powerhouse may be another boom/bust cycle.

We won't get reports, but heads will roll as fingers are pointed at economic advisers who said the American dollar was as good as gold.

Mike

I'm sure China wants more than the remaining 4 years on the government contracts for military Hummers after being awarded the AMGeneral division of GM.

THE FUTURE

Furure of China: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas. These new ruling class members live in extreme splendour behind heavily-fortified luxury compopunds staffed with private security companies. They consume the typical melange of international luxury products, from Rolls Royce and Prada to Paris Haute-Couture dresses and state-of-the-art tech toys; habits shared by their compatriots elswehere in the world. Their luxury-hotel-mediated harems and concubines are drawn from the prettiest samples of womenflesh drawn from around what an increasingly desperate globe has to offer. The elite go to elite international univerisites with, often marry, and do business with and form partnerships with similar wealthy from around the world. Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Furure of the US: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas. These new ruling class members live in extreme splendour behind heavily-fortified luxury compopunds staffed with private security companies. They consume the typical melange of international luxury products, from Rolls Royce and Prada to Paris Haute-Couture dresses and state-of-the-art tech toys; habits shared by their compatriots elswehere in the world. Their luxury-hotel-mediated harems and concubines are drawn from the prettiest samples of womenflesh drawn from around what an increasingly desperate globe has to offer. The elite go to elite international univerisites with, often marry, and do business with and form partnerships with similar wealthy from around the world. Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Future of India: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas. These new ruling class members live in extreme splendour behind heavily-fortified luxury compopunds staffed with private security companies. They consume the typical melange of international luxury products, from Rolls Royce and Prada to Paris Haute-Couture dresses and state-of-the-art tech toys; habits shared by their compatriots elswehere in the world. Their luxury-hotel-mediated harems and concubines are drawn from the prettiest samples of womenflesh drawn from around what an increasingly desperate globe has to offer. The elite go to elite international univerisites with, often marry, and do business with and form partnerships with similar wealthy from around the world. Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Future of Europe: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas. These new ruling class members live in extreme splendour behind heavily-fortified luxury compopunds staffed with private security companies. They consume the typical melange of international luxury products, from Rolls Royce and Prada to Paris Haute-Couture dresses and state-of-the-art tech toys; habits shared by their compatriots elswehere in the world. Their luxury-hotel-mediated harems and concubines are drawn from the prettiest samples of womenflesh drawn from around what an increasingly desperate globe has to offer. The elite go to elite international univerisites with, often marry, and do business with and form partnerships with similar wealthy from around the world. Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Future of everywhere else: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas. These new ruling class members live in extreme splendour behind heavily-fortified luxury compopunds staffed with private security companies. They consume the typical melange of international luxury products, from Rolls Royce and Prada to Paris Haute-Couture dresses and state-of-the-art tech toys; habits shared by their compatriots elswehere in the world. Their luxury-hotel-mediated harems and concubines are drawn from the prettiest samples of womenflesh drawn from around what an increasingly desperate globe has to offer. The elite go to elite international univerisites with, often marry, and do business with and form partnerships with similar wealthy from around the world. Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Originally posted by silent thunder
Furure of [Fill in the Blank]: A tiny elite achieves unimaginable wealth through strategic control and use of multinational financial and commodity assests that can me moved rapidly aroud the world. These wealth sources cannot be seen to originate in any one "country," as they are put together by dozens of remote, temporary teams and processsed in different global areas.

[...]

Meanwhile, an increasingly poverty-stricken, and desperate rabble of near-skeletons far outnumbering the elites cower in crude shacks amidst a ruined, toxic landscape, their barely literate and psyches dulled with the natrural sedititaves of depression and failure and the stimulant of simmering, ambient rage.

Thanks ofr this. All to true.

Also describes the present for most of the worlds, Much of Africa, the Middle East, etc.

In fact looks a lot like the past, too.

History unwinding? History in cycles? All civilized history, with a 20th Century experiment in trying to spread the wealth more equitably?

Maybe make work projects for the never to be employed might be a good idea? Giant pyramids?


Mike