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Printing a lot of it makes it worth less.
Originally posted by kwakakev
reply to post by Recollector
You are missing one very important fact about money, China and the rest of the world has printing presses as well. The US does not have a monopoly on the creation on the money, only US dollars.
Printing a lot of it makes it worth less. Yen, yuan, dollars, rupees, marks or pounds matters not.
What is troubling for me is that I believe that this is the route that will be taken, printing more money around the world, and the entire globe will suffer. The little people, anyway.
You, China suporters are dreaming.
Wake up. 1600 trillion vs 20 billion.
West buying power is 800 times BIGGER then the rest of the world.
Originally posted by butcherguy
reply to post by Zamini
I seem to remember a list of European countries that tried that in the 1800 and 1900's in Africa. It apparently is not worth the effort or money.
Pay the local chief to have his minions work the mines for the mineral wealth that is there, that's the way to do it.
Originally posted by Human0815
People with a proper Technique and educated skilled Workers
do not need to fear the Dragon
Originally posted by aaronez
reply to post by orkson
Oh really? Do you think the Chinese came down in the last shower? Their culture out ranks yours by about 4000 years. So don't get beyond your station. And you think China needs the good old U S or A. for its products. Think again.
Originally posted by Zamini
Did I say China only? No. In fact, North Korea seems to be a new candidate.
Originally posted by Zamini
Could that be because the Western nations now hold most wealth? I think it is. So what happens when that wealth shifts? Markets shift.
Originally posted by SyphonX
China will not "collapse along with the US".
Just because China's business is selling cheap goods to the US, doesn't mean they will fall because they can't sell anymore. People seem to forget that China is hugely self-sufficient, and produces virtually everything it needs. They simply start producing for themselves and other countries.
Originally posted by eldard
reply to post by Recollector
Who told you the entire Western world will collapse? EU still has German engineering prowess to fall back on. Canada and Australia are very rich in resources. Poor America has nothing but self-entitled, whining fatasses. Canada should tighten its borders soon.
Originally posted by James1982
Yeah.... except the US is very rich is resources too.
The US is #3 in oil production.
The US is #1 in natural gas production
The US is #3 in steel production
The US is #1 in timber production
The US is #2 in coal production.
might as well be selfish and not help your fellow human beings. What a great guy!
Oh yeah, and "self-entitled" really? Like feeling entitled to health care? Last I checked Canada ENTITLES its people to health care. Not so in the US. How does your foot taste?
edit on 10-8-2011 by James1982 because: (no reason given)
Originally posted by Doublemint
reply to post by Zamini
okay China has been able to remain alive for 4000 years because it did not grow more than it needed to which is not how you become #1. So if they do become #1 they will surely fall and crash at some point.
okay China has been able to remain alive for 4000 years because it did not grow more than it needed to which is not how you become #1.
So if they do become #1 they will surely fall and crash at some point.