The Chinese economy grows as USA fails

As we produce less, earn less, spend less, purchase less, and continually OWE more to the Chinese, what will happen when we fail, will there be another country able to continue to keep purchasing the Chinese products or will they just receive OUR COUNTRY as payment in full?



www.nytimes.com...



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[edit on 22-10-2009 by HappilyEverAfter]

[edit on 22-10-2009 by HappilyEverAfter]

Beter not..i got notiing agisnt the chinese..hell when i was 12 a good frined of mine was from china! BUt when it comes down to business and MY freedom, i WILL act on it. Its heartbreaking, too see this could be a possibilty..corporate business has screwed us over, as well as the FED, and WE are the ones that suffer..all over monoppoly money, more or less.
We had better reclaim constitutionaly OUR streets, neighborhhoods, and businesses all! Re start a new business, keep it MADE IN AMERICA witha heart printed next to it

reply to post by ziggy1706

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It would be nice to actually see some protection from our government rather than defection to private personal interests and corporate greed.
I dont see a timely turn around or any corrective actions being of any value let alone implemented.
My concern is that it has now crossed over into unrepairable through legislation and has as its only course, a hard fall to zero, and then defaulting.
As a nation we will be hard pressed to respond with any kind of manufacturing efforts since most factories have been dismantled, scrapped, or shipped overseas.
It is my opinion based on what I see, not what I wish for, that we will soon need to use our skills to survive what we will know as the most terrible planned and premeditated assault on our nation.

The US isn't buying as much products from China as we were. They have to make up for that slump in business by stimulating their own economy somehow. Can you say possible real estate bubble?

Your source


Edit to ADD: Their stimulus and growth during this period wont really help the world economy. They are simply going to start using up their own productivity excesses at home by selling their products and services to themselves.


Don't expect a major contribution to the global economic recovery from them any time soon. Unlike the US recovery when it happens we will start importing products and service from overseas and that will help the global economy.

[edit on 22-10-2009 by SLAYER69]

So with that happening as well, doesnt that indicate an even steeper downward spiral, where both economies entering such weakened conditions cause an expotential advance to failing?
I do not see where we can so quickly create new consumers, nor do I see the Chinese reducing costs or wages so newly into their enjoyed growth and prosperity.
With so many collapsing artificial financial bubbles in play where does it have any reality? I'm not seeing a repair on this.

reply to post by HappilyEverAfter

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The only question is how fast and how orderly will the demise of the USA be. Obama and the present Congress certainly are intent on driving a stake through the heart of America and the idiot sheeple are bleating about socialized health care they will never see.

I told my husband twenty years ago we were watching the last years of the USA and I fear I am correct. The only thing that could have saved the USA is repeal of all the massive regulations crippling small businesses and industry growth, instead we got the currency doubled within the first three months of this year and now other countries have lost faith in the dollar. Fuel prices will soon be going through the roof and the price of ever thing else except wages will follow.

I wonder if we will even have elections in 2010. If we do please vote third party.

Exactly. Since the GDP of China is just north of 7 Trillion, that represents 15-20%. Without goverment stimulus China economy would have decreased 7-12%. Think twice before congratulating the Chinese. Goverment owns a fair piece of it's industry as well.

reply to post by SLAYER69

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I think you're confusing global recovery with US recovery.

The USA, Canada, The UK, Iceland, and a handful of others were hardest hit over the last year. After that, it's a sliding scale.

China's recovery is leading the recovery of a lot of other nations - and could very well lead a global recovery. Whether or not that global recovery involves returning the USA to its economic glory days is another question.

China has over a billion people - and their recovery, regardless of what you think of the government stimulus project, is keeping Australia well as a good chunk of South America and Africa afloat. It's also helping India and Russia. And Japan is also seeing the benefit.

That's global recovery, from where I sit. It's not helping countries that tied themselves to the US economy (like Canada), and it's not helping the USA all that much, because the USA has positioned itself predominantly as an importer of Chinese goods, as opposed to a full trade partner.

It may well produce a bubble - but - China has one thing going for it: a government that doesn't have to deal with partisan hackery, and can exercise far greater control over the situation. There is something to be said for a government that can make a 20 year plan, and stick to it to the letter. I'm a fan of democracy, but I do envy that sometimes.

reply to post by sligtlyskeptical

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Oh I'm not congratulating them, and I dont see where they will sustain their economy buying their own goods when they cant afford to do that, short term let alone long term.

And I mean that on a growth scale, stopping exports to USA, its a loss of customers.



[edit on 22-10-2009 by HappilyEverAfter]

reply to post by sligtlyskeptical

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You know whats really funny....

There is almost a cheering section here at ATS about the USs economic slump. Either they don't know or just ignore the fact that if they really want the global economy to recover they need the US back in the game.

China has an export based economy. Sure they'll spend money abroad and it may help a few countries around the world momentarily but not on the scale of the US 14 Trillion dollar a year economy when it's game is on. We are an import based economy. We use twice as much products and services than we produce and that extra comes from other countries. Which means jobs in their country.

Go China!

[edit on 22-10-2009 by SLAYER69]

reply to post by SLAYER69

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You keep forgetting that China now controls a big chunk of Latin American and African resources. That means growing demand from these regions for Chinese goods. Asia, ANZ, India, Germany, Latin America and the Middle East can trade within themselves without the need for North America and Europe.

Indeed. Go China!

reply to post by eldard

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Here is an interesting perspective.

The China Hype

reply to post by eldard

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www.chron.com...

I really don't understand what is wrong with people. Maybe most are just kids with no real world experience. It ticks me off when everyone points to China as an example. They are socialist and most of what they have is what has been given away by the American people. We use to be the ones that benefited from making stuff for ourselves. Now we have no jobs because we gave them all away to China and people appear to be happy about that. Yeah, Go China.

reply to post by HappilyEverAfter

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That's good actually. It means China's nylon producers will be protected.

reply to post by sligtlyskeptical

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Same source




[edit on 22-10-2009 by SLAYER69]

reply to post by SLAYER69

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Very good article, thank you, and it does show me how intertwined and dependent their economy is on US, I still dont have a good outlook, and still dont have an answer or opinion on whether or not we will be handed over as payment on debt.



[edit on 22-10-2009 by HappilyEverAfter]

reply to post by SLAYER69

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I remember the warnings about America's debt way back in the 90s when I was still a teenager. It got a good two decade run, didn't it?

reply to post by eldard

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It seems to me like a condition to be exploited by our own government, the corporations, and foreign interests, one where WE will be as an entire country, exploited.

reply to post by eldard

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Yeah I remember Japan back in the 80s was going to be the new economic Super power.