are you a swiss redneck or a california redneck? "oh please sign me up for Charles Lindhberg's Isolationist party please, it's what Rush wants me to do".-Sh1fty- wrote:
nah no globalization plz
-Sh1fty- is only against globalization when it's not-America having an inpact on America. When it's the other way around it is not only acceptable, it's encouraged
*-Shitfy-
So you dont support free trade?-Sh1fty- wrote:
nah no globalization plz
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.Dilbert_X wrote:
Jay has even less of a clue than you do TBH, he even takes Milton Friedman seriously.
Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.If the US economy tanks and the dollar falls, over a trillion dollars of investments currently being held by China drops in value...dramatically.
Its much less of a problem for China.Shocking wrote:
The fact that we are swimming in debt is the problem, for both us and China.
Not really, you've heard of build to order? Loss of a few weeks production out of the past 10-20 years would hardly be a big deal, there are markets outside the US or they could just sell domestically.If we fail, China fails because it will have a huge stockpile of cheap goods with no buyers.
You do know more than 70% of their industrial output is for domestic consumption? And its climbing.Their economic growth is completely dependent on our prosperity, if western investors and buyers stop looking to China it is game over.
Last edited by Dilbert_X (2011-08-18 01:08:22)
Fuck Israel
Which is going to take decades to happen.rdx-fx wrote:
Hence my original premise. A plateau in economic growth combined with a continued growth in standard of living for the Chinese worker equals an erosion of China's competitive advantage.
This is the problem with growth theory right here. Stability = stability.stagnation results in decline
Who are the Chinese borrowing from again? Thats right, they aren't borrowing, they aren't paying interest to anyone, and hence your theory falls flat.In other words.. like financing a house on high-interest credit cards; As long as you keep making the minimum payments, everything is fine. Miss a month, and the whole pile starts to become unmanageable quite quickly.
Its more true than you realise, except its not just China. Why do you think Biden is on a grovelling tour?The bobble-head talking-point about "China owns the mortgage on the US" bullshit is just that - bobble headed bullshit for the gnews anchors to spoon feed the plebes.
http://www.bbc.co.uk/news/world-us-canada-14570137
People who say different are talking bobble headed bullshit.
This part is true, except you forgot the U$14t debt.The US problem is a different animal completely: unsustainable spending, entitlement mentality, uneducated workforce, and the boomers living a lifestyle that essentially spent 4 generations worth of money in one generation.
Fuck Israel
Of course you don't know who Krugman is...he's a fellow Keynesian devotee.Dilbert_X wrote:
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.Dilbert_X wrote:
Jay has even less of a clue than you do TBH, he even takes Milton Friedman seriously.Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.If the US economy tanks and the dollar falls, over a trillion dollars of investments currently being held by China drops in value...dramatically.
And your last point makes no sense.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
So China has a lot smaller GDP than America but can somehow buy up all of America. LolwatFEOS wrote:
Of course you don't know who Krugman is...he's a fellow Keynesian devotee.Dilbert_X wrote:
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.If the US economy tanks and the dollar falls, over a trillion dollars of investments currently being held by China drops in value...dramatically.
And your last point makes no sense.
How can you not understand it?FEOS wrote:
Of course you don't know who Krugman is...he's a fellow Keynesian devotee.Dilbert_X wrote:
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.If the US economy tanks and the dollar falls, over a trillion dollars of investments currently being held by China drops in value...dramatically.
And your last point makes no sense.
If the dollar tanks Chinese held dollars still have the same buying power in America.
Money is just paper, assets owned are what matter.
Fuck Israel
Ah yes like when the currency failed in Germany in the great depression. It didnt have any effect as money was just paper after all...Dilbert_X wrote:
How can you not understand it?FEOS wrote:
Of course you don't know who Krugman is...he's a fellow Keynesian devotee.Dilbert_X wrote:
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.
Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.
And your last point makes no sense.
If the dollar tanks Chinese held dollars still have the same buying power in America.
Money is just paper, assets owned are what matter.
We were talking about a fall, not a total obliteration.
If the U$ were to cease to exist entirely that would be different.
If the U$ were to cease to exist entirely that would be different.
Fuck Israel
I don't think you really understand what globalisation has done to the markets Dil. If the US truly fails everyone is fucked, the fallout would be enormous.Dilbert_X wrote:
Not really, you've heard of build to order? Loss of a few weeks production out of the past 10-20 years would hardly be a big deal, there are markets outside the US or they could just sell domestically.
China's imports and exports amount to almost 3t usd with its most important trading partners being (by far) the EU and US. China's foreign trade is very responsible for its economic growth as the sector has grown exponentially over the years...You do know more than 70% of their industrial output is for domestic consumption? And its climbing.
inane little opines
Do you not grasp what happens when an investment drops in value? Further, do you not realize that China does business with nations other than the US? Thus, if their investment in US bonds were to drop dramatically in value, it decreases their ability to leverage them to purchase, say euros or dinars or some other good/service in another currency.Dilbert_X wrote:
How can you not understand it?FEOS wrote:
Of course you don't know who Krugman is...he's a fellow Keynesian devotee.Dilbert_X wrote:
Krugman who?FEOS wrote:
and you take Krugman seriously, so you're even.
Not in U$ terms it doesn't, at all. They can still use it to buy up exactly the same amount of America, probably more so, which is what they're doing.
And your last point makes no sense.
If the dollar tanks Chinese held dollars still have the same buying power in America.
Money is just paper, assets owned are what matter.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
- SuperJail Warden
- Gone Forever
- +640|3927
China doesn't look so scary once you hook up with some girls who were literally born there. What is China going to do? Invade America? Then what? Sleep with us before going to an Asian supermarket?
good job stud.
- SuperJail Warden
- Gone Forever
- +640|3927
I solved U.S.-China relations.
H Mart is Korean
KEN-JENNINGS wrote:
H Mart is Korean
- SuperJail Warden
- Gone Forever
- +640|3927
I saw tons of Chinese packaged products.
H Mart is an American chain, if I'm allowed to be a smartass about it.
Seriously? Everywhere you look in this country there are Chinese packaged products.SuperJail Warden wrote:
I saw tons of Chinese packaged products.
Last edited by unnamednewbie13 (2022-12-11 18:12:54)
Took me 11 years to reply to this thread. RIP, sorry rdx-fx. Ray-tracing on.
- SuperJail Warden
- Gone Forever
- +640|3927
Ever been to a Mitsuwa?
https://en.m.wikipedia.org/wiki/Mitsuwa_Marketplace
There is a Daiso next to the one I have been to a few times. I have also bought clothes from uniqlo. All good stuff.
https://en.m.wikipedia.org/wiki/Mitsuwa_Marketplace
There is a Daiso next to the one I have been to a few times. I have also bought clothes from uniqlo. All good stuff.
Not in my state afaik. But from that link, H Mart and 99 Ranch. Look up the 99 Ranch storefront in Kent, WA. It looks ready to repel goblins. Literally battlements. There's also Boo Han (there was a shooting at one of these) and Uwajimaya (the Bellevue store is pretty nice). And many more. PNW is carpeted with Asian markets. I don't know if there's anywhere along the Puget Sound where one isn't within easy range.
daiso is korean. uniqlo is japanese.SuperJail Warden wrote:
Ever been to a Mitsuwa?
https://en.m.wikipedia.org/wiki/Mitsuwa_Marketplace
There is a Daiso next to the one I have been to a few times. I have also bought clothes from uniqlo. All good stuff.
The Koreans learned from the LA riots.unnamednewbie13 wrote:
Not in my state afaik. But from that link, H Mart and 99 Ranch. Look up the 99 Ranch storefront in Kent, WA. It looks ready to repel goblins. Literally battlements. There's also Boo Han (there was a shooting at one of these) and Uwajimaya (the Bellevue store is pretty nice). And many more. PNW is carpeted with Asian markets. I don't know if there's anywhere along the Puget Sound where one isn't within easy range.
Fuck Israel