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Originally posted by eLPresidente
China has a hell of a lot better chance to pay off it's debts in contrast to America, why? because they make stuff and export it, people import it and buy it. Simple as that. America can only sell so many drugs and weapons.
Originally posted by Pervius
China....no repetitive losses. They can't declare bankruptcy. They have no credit card debt.
Originally posted by eLPresidente
China's outlook isn't any brighter than other nations but it still is 'brighter' they have a centralized government and that centralized government has a centralized plan, guess what? they actually follow the plan. China has the ability to continuously improve unlike America which resets every 2nd and 4th year, which none of us are happy about.
Don't get me wrong, I totally see what you're trying to say and agree. In my opinion, these things have been said over and over again so there is really no point to continue with how horrible China is (human rights, media control, currency control, etc..). China's outlook isn't any brighter than other nations but it still is 'brighter' they have a centralized government and that centralized government has a centralized plan, guess what? they actually follow the plan. China has the ability to continuously improve unlike America which resets every 2nd and 4th year, which none of us are happy about.
...This group, called the Committee for Economic Development, was officially established in 1942 as a sister organization to the Council on Foreign Relations. CED has influenced US domestic policies in much the same way that the CFR has influenced the nation's foreign policies.[1]
In its 1945 report...describes how agricultural production can be better organized to fit to business needs.[2] A report published in 1962 ... is even more blunt in its objectives, leading Time Magazine to remark that CED had a plan for fixing the identified problem:
...Some of the report's authors would go on to work in government to implement CED's policy recommendations...
CED members were influential in business, government, and agricultural colleges, and their outlook shaped both governmental policies and what farmers were taught....
Their plan was so effective and so faithfully executed by its operatives in the US government that by 1974 the CED couldn't help but congratulate itself....
The human cost of CED's plans were exacting and enormous.
CED's plans resulted in widespread social upheaval throughout rural America, ripping apart the fabric of its society destroying its local economies. They also resulted in a massive migration to larger cities.
Originally posted by Solasis
So, are there any countries in the world that aren't in huge debt?
Originally posted by SeekerofTruth101
Sure thing. If you welcome the killing of unarmed students, silencing of dissent, robbing of neigbours as in Tibet, bullying other neigbours in the backyard, hell with human rights, everyone else who is not the Emperor of China just STFU, then I am sure the tyrant would welcome you to live there and lick his boots daily.
No offense intended, for I am sure you will not lower your dignity to such thing as I would not too, but a sad fact of what the ruling gov of CCP, supposed 'central gov' truly is, which is a bastardization of that word in democracies.
Originally posted by Solasis
So, are there any countries in the world that aren't in huge debt?