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China has now become the biggest risk to the world economy

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posted on Nov, 16 2009 @ 12:53 PM
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China has now become the biggest risk to the world economy


www.tel egraph.co.uk

Far from taking over as the engine of growth from an exhausted West, China is making matters worse. Its "beggar-thy-neighbour" policies continue to play havoc with global trade and risk tipping the world into a second leg of the Great Recession.
(visit the link for the full news article)




posted on Nov, 16 2009 @ 12:53 PM
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And the truth shall set you free!!!

Despite the claims of some people that China doesn't want to hurt the U.S., or the rest of the world, China now has an strategic position in the global market, and they will use this as an excuse for them to take more control over the world economy, or at least to try to take over the world market, and maybe they will even push for their new global currency to be accepted globally, and for the global economy to be headed by China, and possibly Russia, among some "lesser" nations.

The article also points out the following.


At some point, American workers will rebel. US unemployment is already 17.5pc under the broad "U6" gauge followed by Barack Obama. Realty Track said that 332,000 properties were foreclosed in October alone. More Americans have lost their homes this year than during the entire decade of the Great Depression. A backlog of 7m homes is awaiting likely seizure by lenders. If you are not paying attention to this political time-bomb, perhaps you should.


Link[/u rl]


[url=http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6575883/China-has-now-become-the-biggest-risk-to-the-world-economy.html]www.tel egraph.co.uk

(visit the link for the full news article)



[edit on 16-11-2009 by ElectricUniverse]



posted on Nov, 16 2009 @ 01:04 PM
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Ridiculous propoganda article!

While some fret about liquidity-driven inflation, Justin Lin, World Bank chief economist, said the greater danger is that record levels of idle plant almost everywhere will feed a downward spiral of job cuts and corporate busts. "I'm more worried about deflation," he said.

This is who you are listening to?
The world bank?

The world would be a much better place if the world bank and IMF closed down.

The only thing this article is about is passing the blame where it doesn't belong.

To think China is a threat by itself is delusional.
Who gave them all this power?
How much money does China make off interest accrued from loans given to America to fight a war they can't afford?

How much property in America got lost after huge losses in value and China coming in and buying it dirt cheap? Who's fault is that?
The Banks that's who, not China.

What a crazy article!



posted on Nov, 16 2009 @ 02:09 PM
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This is a surprise how???

Economics 101 taught me if you were a producer nation, rather than a consumer nation, you'll have more market control and be better off.....'



duh?

[edit on 16-11-2009 by CanadianDream420]



posted on Nov, 16 2009 @ 02:22 PM
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strikes me that the former enemies of capitalism, the communists, now hold all the cards. they're stronger than ever and the capitalist countries are on their knees.

by strange co-incidence, the factors that caused the collapse have all been put in place since 1989.... when the communists decided to admit "defeat" in the cold war.

now the biggest communist country is the biggest danger to the capitalist system, i guess international communism just isn't working out.

[edit on 16/11/09 by pieman]



posted on Nov, 16 2009 @ 02:26 PM
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No. The stupidity of the majority of people on this planet is the biggest threat to the world economy.



[edit on 11/16/2009 by eldard]



posted on Nov, 16 2009 @ 03:08 PM
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I know; maybe if the Chinese don't want our goods, perhaps we can supply them with opium, get them hooked on it and be looking for more to buy.

Hmmm, wait a minute, the British already tried that. And besides they probably make their own, or exploit some other country to sub-contract production?
Yeah, whatever.

The Chinese are nearly self sufficient, why will they need anything that we make especially when it costs so much.

Are tariffs the only answer?
Isolationism?

PS, China IMO is not a communist country, they are more of a dictatorial capitalist system.
Prove to me how they are communist, the definition does not indicate what they practice.



posted on Nov, 16 2009 @ 03:18 PM
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Originally posted by Toadmund
Prove to me how they are communist


well, china's ruled by the communist party, weather or not they behave in a strictly communist manner.

just to note, stalin wasn't a particularly good communist, nor was mao, none the less, we call them communists.



posted on Nov, 16 2009 @ 03:56 PM
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Originally posted by Toadmund
.............
PS, China IMO is not a communist country, they are more of a dictatorial capitalist system.
Prove to me how they are communist, the definition does not indicate what they practice.


Wow... i guess it doesn't matter that they still call themselves "Socalists/Communists"...

I guess it doesn't matter that the state holds all the power, which is what happens in true Socialist/Communist nations...

I guess the fact that they are still a repressive system which puts "the party" or "the whole" first, and the individual as last and not significant doesn't show you they embrace Socialism/Communism...

BTW, ALL Communists call themselves also as SOCIALISTS, but not all Socialists are Communists.

[edit on 16-11-2009 by ElectricUniverse]



posted on Nov, 16 2009 @ 03:59 PM
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reply to post by ModernAcademia
 


Wow, and that is the excuse you give to refute this?....

So your evidence is just to claim this is "propaganda" and that refutes the fact that the Chinese hold most of the U.S. debt, and the collapse of the U.S. which is in great part on the hads of China, will also cause the collapse in many, if not most nations in the world.

If you are going to make such wild claims please SHOW PROOF, not claims, and opinion....

I expected more from you Academia.



posted on Nov, 16 2009 @ 04:29 PM
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We aren't capitalist, we haven't been capitalist in a long long time, it's just an illusion. When you have excessive government involvement in all areas of the economy, you aren't operating in a free market environment.


Originally posted by pieman
strikes me that the former enemies of capitalism, the communists, now hold all the cards. they're stronger than ever and the capitalist countries are on their knees.

by strange co-incidence, the factors that caused the collapse have all been put in place since 1989.... when the communists decided to admit "defeat" in the cold war.

now the biggest communist country is the biggest danger to the capitalist system, i guess international communism just isn't working out.

[edit on 16/11/09 by pieman]



posted on Nov, 16 2009 @ 05:12 PM
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I am sorry to say that it was the west that screwed up the world economy. People talk about fiat currency on here all the time. Our currencies in the west are bloated beyond an actual real value. We say that China keeps it's currency pegged low to the U.S. dollar so that they can sell us cheap crap. What if the real reason they keep it low is that they understand it's real value. Why are we trusting anything the world bank is saying? If China raises their currency, the world bank profits. Hec, I profit, as I have been dumping spare change into their yuan for years.



posted on Nov, 16 2009 @ 07:38 PM
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Did any of those who keep pointing at the world bank bothered to read more of that article?

If you bothered to read beyong "world bank" you could have read for example.


By holding the yuan to 6.83 to the dollar to boost exports, Beijing is dumping its unemployment abroad – "stealing American jobs", says Nobel laureate Paul Krugman. As long as China does it, other tigers must do it too.

Western capitalists are complicit, of course. They rent cheap workers and cheap plant in Guangdong, then lobby Capitol Hill to prevent Congress doing anything about it. This is labour arbitrage.


[url=http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6575883/China-has-now-become-the-biggest-risk-to-the-world-economy.html]Link[/u rl]

Who is Paul Krugman?...


Paul Robin Krugman (pronounced /ˈkruːɡmən/;[3] born February 28, 1953) is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times.[4][5] In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography. He was voted sixth in Prospect Magazine's 2005 global poll of the world's top 100 intellectuals

en.wikipedia.org...



[edit on 16-11-2009 by ElectricUniverse]



posted on Nov, 16 2009 @ 08:33 PM
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An article from alarmist, Mr. Evans-Pritchard. Did he predict even one thing right in the past?



posted on Nov, 16 2009 @ 08:49 PM
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Originally posted by ElectricUniverse
Despite the claims of some people that China doesn't want to hurt the U.S., or the rest of the world, China now has an strategic position in the global market, and they will use this as an excuse for them to take more control over the world economy, or at least to try to take over the world market, and maybe they will even push for their new global currency to be accepted globally, and for the global economy to be headed by China, and possibly Russia, among some "lesser" nations.



Hey, why not....there economy is stable. After all, this is exactly what the United States was doing before the economic collapse. It sounds like a propoganda article though. Its fine for the USA to do as they please, but noy China.

I dont get you Americans sometimes.

Oh and socialism is pretty much communism by the way



posted on Nov, 16 2009 @ 11:36 PM
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The arm wrestle between China and America is interesting because of the many contrasts. These are just a few I can think of.

America believes in strength through debate and multiple political parties.

China believes in strength through the long term continuity of a single party.

America believes in strength through diversy.

China believes in strength through unity.

America believes in strength through global deployment of military forces.

China believes in strength through a military that on the surface appears to have the sole purpose of defending their homeland.

America believes in economic strength through a dynamic bubble and bust debt based consumer economy.

China believes in strength through a controlled investment based export economy.

[edit on 17-11-2009 by 4ortunate1]



posted on Nov, 16 2009 @ 11:49 PM
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Well all WE have to do is shut down our borders, problem solved. We have every resource we need.

But our government does not see this because they want the world economy.

What one major thing has happened since WWII that no one ever seems to get?

International Economies. If their were smaller, less interconnected economies, none of this crap would ever have happened. Yes, smaller problems but not this severe.

And do not use the great depression as an example. I still believe both this Depression and the Great Depression were caused purposefully.



posted on Nov, 17 2009 @ 01:21 AM
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reply to post by 4ortunate1
 



China wins on all points.
Their unity, and their non democratic regime is actually their greatest strenght. Actually, most of the chinese people don't want any democracy : they only want the government to respect their basic rights and to allow them to get a good standart of living.
And this allows them long-term planning, what us westerners can't seem to be able to do anymore. Every leader just wants to stay here for long, so he will do what pleases people on short term to make sure he's (or the guy from his party) reelected.

Anyway, China's only doing what the USA did before, and what many other countries did before them : they're becoming world's leading economy.
Of course theyr are a risk for current world economy, because they're changing it. Only time will thell if the change will bring a better world economical order or a worst one...



posted on Nov, 17 2009 @ 01:39 AM
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So it looks like china is slowly destroying economys of the world including the United states.Of course this is china's great plan.They want to take over the world.Not with weapons like hilter did but with money and unemployment.Keep things cheap long enough and it starts to effect different countries in different ways.China can loose much more than the United States can and still stay incontrol.They treat most of there people like crap and most of them survive on the barest of materials and food.Keep it simple and cheap for the people and you can save money to use to buy more weapons and create even cheaper products by the boat load.I would have to say the chinese do make some good products and make alot of money selling there products to the world but the people used to make thoses products are made to suffer and work long hours for little money.

[edit on 17-11-2009 by GORGANTHIUM]

[edit on 17-11-2009 by GORGANTHIUM]



posted on Nov, 17 2009 @ 12:10 PM
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reply to post by GORGANTHIUM
 


Come on, it's not big bad wolf China who wants to destroy the whole world !
They're just trying to turn from an underdeveloped country to a developped one. And since their population is quite poor for now, their best way to gain money is to take advantage of their low prices to export.
But their main plan is to be considered as a developped country by 2020 - 2025. And according to most specialists, they DO HAVE the means to achieve this goal.
They only want their share of the cake. And since they represent a quarter of mankind, they can get a BIG share.



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