China Announces It Is About To Blast America Into Zimbabwe

One website as a source. It would be nice to have other sources that would give this any credibility. The sad truth is there's no such thing as national debt. We owe nothing. The federal reserve and IRS are both unconstitutional.
Too bad no one will EVER do anything to stop it.

I'd rather have the Chinese control the world economy than the corrupt elites at the federal reserve. China wants to spread the wealth. Tptb just want to keep the wealth for themselves. Communisms evil because you've been conditioned into thinking so since childhood. While china does commit human rights violations, that doesn't mean communism must take away a persons basic rights. America has committed ten times as many human rights violations throughout it's history than china has.

I know an easy way to bomb China back. Everyone and i mean Everyone needs to not buy anything made in China, no exceptions. If the U.S. stopped importing their crap they would wither away back into their little rice paddies and everyone would be happier.


BOYCOTT CHINA!!!!!

reply to post by Ghost375


No, Communism is evil. It's only about the rich staying in power to control the little people. Take your bs somewhere else.

Originally posted by mnemeth1

Originally posted by g146541
reply to post by raiders247

 

Cool we will rebuild, no problem there.
We will organize states and alliances and maybe a new US.
We can send the bankers to China to pay off their debt, maybe they can wash dishes or something.

We can only rebuild if the Fed stops printing and the congress stops spending.

That will not happen.

We will devolve into a socialist police state, much like Zimbabwe.

It will not happen.... unless we were to get rid of the fed and congress.

Then institute a new currency that is hard-marked to actual production. That's where the fiat got so off.
I remember telling my instructors (in my university finance courses) that an infinite growth economy isn't infinitely feasible and by the very design would collapse upon itself. Strangely, some said that had never occurred to them, while other students thought it was a ridiculously amusing concept.

No one thinks its amusing in 2011. (I was saying this during the golden boom years)

reply to post by sligtlyskeptical


Silver prices increased by a multiple of 1.9, which is where I get the 190% from.

You are right that the ROI is 88%, so I should have worded my statement differently.

You are also cherry picking the IJR data because if we go back three years, the price was around 65. And of course, the IJR is not representative of the overall equities markets.

The historical price on silver going back a over 5 years rarely breaks 20 an ounce.

The POINT I am getting at is that we are seeing across the board increases in producer price indexes that are approaching hyper-inflation rates, which the IASB states is 26% annualized over a 3 year period.

As inflation sets in from the money printing, commodities prices will outstrip equities performance. This is always the case in a hyper-inflation situation.

When China cuts off the money spigot, the US is going to be in for some serious pain. The Fed will print print print until the cows come home.

We wouldn't be in this mess if it wasn't for the US's bid for global hegemony based on the dollar as a global reserve currency, or if we hadn't been caught up in free-trade agreement fever. Not to mention a currency not backed by anything, other than the government's say so.

Sorry to say, but America wants to continue to be capitalist, it will have to do it within the proper parameters. I'm talking about tariffs, price controls and anti-trust laws. We didn't become a great nation by exporting jobs; we did it by protecting US industry against foreign competition.

When we helped rebuilding Japan and West Germany after WW2, we didn't force those countries into framework that the IMF dictates to third world countries every day - sell off your state, sell out your people to international firms. No, we allowed the state to interact with the market in profound ways. If it wasn't for the one-two punch of America free-trade agreements and IMF-sponsored structural adjustment programs in the third world, 1) We would still have a major manufacturing base and larger middle class, and 2) we wouldn't import our goods from oppressive dictatorships or firms that utilize sweat shops for production.

This may be the necessary trial by fire for America to begin again with a clean economic state. Of course, I have a hard time believing that China will destroy countries that buy its exports. Just doesn't make sense, but what do I know.

Oh, and if the worst does really happen, maybe we can get a bail-out from BancoSur. Instead of forcing us to open borders to international firms like the IMF, BancoSur (Bank of the South) would demand that we instead use funds for public spending and infrastructure rebuilding.

Hmm if China's products rise in price where we can't buy/afford them, guess what that will do to THEIR economy?


Deebo

reply to post by mnemeth1


So...will this mean that the Canadian dollar will appreciate against the US dollar? If so, will more Canadians go south of the border to do their shopping?

Originally posted by Deebo
Hmm if China's products rise in price where we can't buy/afford them, guess what that will do to THEIR economy?


Deebo

They will buy their own products.

This false notion that China needs us to buy their products arises from the US holding the reserve currency.

Wealth comes from the production of things, it does not come from a government decreed fiat currency that can be multiplied by simply running a printing press.

Nations become wealthy because they produce things. The more things they produce, the more wealthy and well off their people live.

China has been screwing their own population by exporting all of their goods to America and importing all of our inflation by buying our bonds.

Originally posted by soaringhawk
reply to post by Ghost375

 

No, Communism is evil. It's only about the rich staying in power to control the little people. Take your bs somewhere else.

Replace communism with capitalism and you'd be right. Communism run correctly doesn't have rich nor powerful people, too bad it's never been run correctly. You've been subjected to years of propaganda that communism is evil, when in fact we are the evil ones. The income gap in America proves my original claim that capitalism is designed by the rich for the rich. Our country is not a democracy. We don't even directly vote for our president. Anyone who thinks we have a democracy or that our vote for the president matters, has clearly never read the constitution. Guess what? Capitalism isn't mentioned in the constitution either.
We aren't evil? Then why have we invaded over 100 countries and have troops in over 170 countries. Spreading democracy right? When we don't actually have a democracy. We have a corrupt republic.

reply to post by Deebo


Exactly! And couple this with Chinese worker's demands for higher wages, as well as the country's inflation, and you have a country in a sticky situation. Will it lead to legitimate democratic reforms to cope or will it shift further into authoritarianism?

Of course, I'm sure China has taken all this into consideration. Will it fill the void left by the US by trade agreements with Russia, India and Brazil?

Edit: mnemeth raises a good point above that the Chinese will simply buy their own goods. I would argue that this would require the rising of worker's wages in order of the market to function properly.

I would also like to point out that China's post-1978 mixed economy was influenced by none other than Friedrich List, of the "American School of Economics" fame.

Originally posted by mnemeth1

Originally posted by Deebo
Hmm if China's products rise in price where we can't buy/afford them, guess what that will do to THEIR economy?


Deebo

They will buy their own products.

This false notion that China needs us to buy their products arises from the US holding the reserve currency.

Wealth comes from the production of things, it does not come from a government decreed fiat currency that can be multiplied by simply running a printing press.

Nations become wealthy because they produce things. The more things they produce, the more wealthy and well off their people live.

China has been screwing their own population by exporting all of their goods to America and importing all of our inflation by buying our bonds.

edit on 3-3-2011 by mnemeth1 because: (no reason given)

Ah ok thanks for clearing that up. Maybe when they do switch currencies instead of bluffing, the U.S. will finally say, ok ok we will stop, and something can be worked out. Fat chance of that though knowing how we roll.

Deebo

Originally posted by Skywatcher2011
reply to post by mnemeth1

 

So...will this mean that the Canadian dollar will appreciate against the US dollar? If so, will more Canadians go south of the border to do their shopping?

www.cbc.ca...

Here is a graph showing our dollar against the USD since 1950.
It's been hovering over the USD for a few months now.

USA food and gas has always been cheaper than ours, so I think there has always been a quite a few that live close to the border doing their shopping there..

Those that don't shop down there already, it's probably due to border hassles.

Originally posted by spy66
reply to post by antmax21

 

When the American infrastructure collapses, internal unrest will take place. Mobs will own the streets.

When your nation is at its worst China will invade. And they will succeed because you have no infrastructure to prevent it from happening.

We have no infrastructure to prevent it from happening? How about a couple a hundred million armed and dangerous citizens? How about the Coast Guard, National Guard and Air National Guard?

I try to not be a "nationalist" type person. I am embarrassed by much of what my government has done lately. However, the USA is still the USA. We are a nation of giving, caring people for the most part. Look at how much the broke down, poor people of the USA give in disaster relief. How much did China give to Haiti? A whopping million bucks? There are individual Americans that damn near matched the whole freakin' country of China with one donation.

So, don't tell me how bad America is and how great China is. You have your story wrong.

reply to post by mnemeth1


So change your fed. reserve dollars to Chinese Yuans ?

reply to post by Someone336

Edit: mnemeth raises a good point above that the Chinese will simply buy their own goods. I would argue that this would require the rising of worker's wages in order of the market to function properly.

www.csmonitor.com...

www.coffetoday.com...

A number of local governments in China to raise minimum wage standards for their workers, in line with growing inflationary pressure creeping up. This effort also as a form of government efforts to calm the public frustration over the impact of price increases. This salary increase could reach double digits in the central cities of manufacturing industries such as Guangdong, Shanghai, Tianjin, and Beijing.

They started slowly raising their workers wages a few months ago.
www.nytimes.com...

Stung by labor shortages and a rash of suicides this year at its large factories in southern China, Foxconn Technology said Wednesday that it would immediately raise the salaries of many of its Chinese workers by 33 percent.

The pay increase is the latest indication that labor costs are rising in China’s coastal manufacturing centers and that workers are demanding higher pay to offset an increase in inflation and soaring food and property prices.

Originally posted by A por uvas
reply to post by mnemeth1

 

So change your fed. reserve dollars to Chinese Yuans ?

change them to real money, not paper.

reply to post by mnemeth1


what do you mean ?
what real money? Examples
thanks

The prophecy speaks of this, the black horse represents famine. Remember its never to late to ask for forgiveness. With love