posted on Feb, 18 2014 @ 02:42 PM
I see your points, and can only respond from what I know, and that is, that this may have been true before they signed defense and economic agreements
with Russia and Iran, but it is no longer true today. Maybe it would be more correct though to say China are one large part of an emerging super
They also do have a substantial missile capability and technological resources that have yet to be fully disclosed along with regional networks close
to Au and globally that will support and defend them, in preference to open support or defense of the US.
Russia, Iran, and China combined do not have an economy as large nor as dynamic as the US (nominally). Neither do those three nations combined spend
nearly as much as the United States, nor do they have the type of force projection capabilities that the US has. Thats just compared to one single
nation (albeit the most powerful nation on Earth, but still.) However, all things created equal, lets now also consider NATO forces alongside the US
(a defense bloc in its own).
NATO (combined) Statistics:
GDP: $38 Trillion
Population: 906 Million
Military Spending: $1.38 Trillion (75% of all the worlds military spending)
As we can see, a coalition between Iran, Russia, and China isn't exactly much to brag about considering the aforementioned.
China also holds more US debt than any other nation and so is the largest creditor - and it does have a large leverage in that - and in its
buy up of treasury bonds and in its capacity to manipulate the market as freely as it does, it does pose a layered risk that is worth
China owns 7% of all US debt outstanding. This is exactly 1% more than Japan, the next largest foreign holder of US debt. It's a double edged sword
for China. They buy US debt because it's a safe investment, and because they want the American consumer to continue to prop up the Chinese export
market. In fact, they almost "have to" buy US debt. It's a mutually beneficial relationship really. The US exports its inflation to China, and gets
cheap market goods.
I used to be of the same position , dismissive and 'paper tiger' view, then I spoke to a Chinese businessman one day and that view changed.
Seeing the long game being played a bit better since then, I understand now that most of how we perceive China is exactly how they wish to be
perceived. As we plan for 10/20/30 years maybe, they plan in centuries.
I have a pretty good understanding of modern day China. It is building the worlds most unstable, unsustainable, unbalanced economy in the HISTORY of
mankind. Consider this: 50-60% of Chinas current GDP is based upon fixed investment assets. This creates the illusion of growth...but what happens
when those fixed investments don't turn a profit? They depreciate in value. What does this depreciation lead to 99 times out of 100? A bubble! It
leads to a non-performing loan crisis. This is what central planned, Keynesian economics on steroids will get you. And it is exactly how China has
built its economy.
China is teetering on the brink of total and systematic collapse. It has distorted the market place with artificial demand for far too long. The crash
in commodities and will be spectacular. Countries like Australia will experience the greatest effects of this collapse...as their number 1 export
market crashes, so to will the australian mining sector. This will likely cause a tumble down effect in Australia's economy. The overpriced housing
market there will also likely collapse...creating a severe and deep recession in australia. As people lose their jobs in the mining sector, they will
default and go into foreclosure. Watch how this thing spreads like a wild fire.
edit on 18-2-2014 by rock427 because: (no reason given)