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| Posted by: Boldwin
- [25441225] Thu, May 22, 2014, 21:27
I've been promising you that the thing that would REALLY crash the West is when the dollar is dethroned from being the reserve currency of the world.
If you hated the crash of 2008 You aint seen nothing yet.Pan [vice president of China’s central bank Pan Gongsheng - B] told his audience, as well as any foreign investor that cares to listen, that China would continue to promote “a new and more efficient system”, i.e. specifically one which is not dominated by the United States and the US dollar.
The entire world is screaming for this to happen.
Think about it– most of the world’s population, its productive capacity, its savings, and much of its natural resources, are in developing markets, especially in Asia.
The West has just a small percentage of global population… and nearly all of its DEBT.
How much longer can the West expect to continue to finance its debt-based standard of living on the backs of laborers earning $10/day in developing countries?
There will be a rebalancing. To believe otherwise is absolutely foolish.
And as China is set to overtake the United States as the world’s largest economy this year, they’re the obvious candidates to lead the charge.
Like a boxer telegraphing his punches, China is practically banging its shoe on the podium telling the rest of the world what’s going to happen... and soon. |
| | | 1 | Bean
ID: 5292191
Thu, May 22, 2014, 21:59
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One of my biggest concerns. Went to Lowes today for garden and landscaping supplies. Nearly everything i bought was made in China. If you are not concerned, you dont get it.
Most of the US trade imbalance is with China and Japan. China and Japan own roughly 6% of US debt each. Wait til they metaphorically call in those notes. We will be giving up resources, they dont want our products.
Oil reservs to BP is just the tip of the iceberg.
It is intuitively obvious by the most casual observer we have a problem Houston.
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| | | 2 | Pancho Villa
ID: 2131916
Thu, May 22, 2014, 23:06
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While admitting that, yes Houston, we have a problem, I'm a lot more optimistic about this country's future.
At this point in history, China has no intention of upsetting the golden goose, which is rampant consumerism in the West(primarily the US), which is by far the major market for their manufactured goods. As our economies become more and more intertwined(see a list of US, British, German, Canadian, etc. companies selling products in China, even though made there), the economic partnership becomes a binding that becomes harder and illogical to break.
As for Japan, and to a lesser extent Korea, why would anyone think they would follow China's lead if they were so foolish as to attempt to cripple the US economy. And those other emerging Southeastern Asia emerging markets? If you think Taiwan, the Phillipines, Vietnam, Australia and/or Singapore are licking their chops to line up behind China, then I suggest a refresher course in Asian history is in order. India is a wild card and too hard to read.
Our country's biggest challenge is overcoming the fact that, like the Roman Empire, we've become way too fat and lazy. We haven't figured out how to balance the options for equal opportunities against the smorgasbord of a Nanny State.
Still, many of China's brightest and most technologically advanced come to the US. Many(too many) of Mexico's, Central America's and South America's hardest and most productive workers come to the US. Doctors from Pakistan and India come to the US. For most of the developing world, we're still the land of milk and honey.
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| | | 3 | Boldwin
ID: 164262222
Thu, May 22, 2014, 23:28
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Our long lost petro-dollars are about to come flooding home to compete with the ones in your wallet. Happy, joy joy that.
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| | | 4 | Bean
ID: 5292191
Fri, May 23, 2014, 02:10
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Pancho,
I'd like to talk to some of your other notions but mostly I'd like to focus on your ideas about immigration and US investment abroad.
Your view of the future of the US is one that has brought everyone from some other country here to take our jobs and undo any progress we may have made with workers rights. That stupid Statue of Liberty has brought so much avoidable grief to this country's average citizen. We need to tear that piece of shit Frenchman's Trojan Horse down. We dont need anyone's help and we dont need to be the world's superhero either. I respect people from other countries, i empathize with them but I want them to stay home and make their country better, not come here because they couldn't make a go of it at home.
If my government feels we need more immigrants, I am powerless to stop that, and once made a Citizen, I see no reason to not recognize them.
If a legal immigrant has been given a green card by our government, I will respect that person's right to work here, I do not feel obliged to concern myself with their political views though.
If there is an illegal immigrant in this country they should be deported, if there is person who has knowingly hired an illegal immigrant they should be prosecuted by our laws.
If the law should change, I will follow it.
Its funny that you mention Rome in this context. Were you aware that Rome had "unions" of Roman citizens too. They had laws that limited the mix of slaves/Roman citizens employed by the slave owners. If they didn't, then Roman citizens would find themselves unemployed and replaced by slave labor.
May I remind you that this country's rich prospered off the backs of African Slaves and indentured workers from Europe. For over four centuries this rich man prototype has thrived in this country by repeatedly enslaving people as long as they could, then discarding any responsibility for them once he has "freed" them. In this country, if you cant or wont become one of these slavers, then you will be replaced by a "better" model and tossed to the curb.
Other pieces of your vision have the guys with all of the money taking their investment dollars to other nations to give those people jobs instead of investing here. Though it makes the investor rich, it does nothing for the average US citizen. The only reason those guys are rich is because American workers made that money for them, American soldiers/sailors/airmen defended them and American markets allowed them to amass wealth.
If they are told by their host country to become citizens of that country or forfeit their investment, what do you think would happen?
You acknowledge that we are fat dumb and lazy as a people. You are spot on there. The proper solution gets us to stop being fat dumb and lazy. The proper solution does not result in us just throwing up our hands and say we cant fix the American psyche.
The proper solution cannot result in anyone being allowed to say screw it lets higher imported slaves that will do the job, or just move our companies to countries where we can enslave those people. That is not a strategy for a nation, that is a strategy for an individual looking out for himself.
So, is letting us slide further into that abyss and being replaced by someone else who isnt a US citizen at the moment a good answer? All, so some self serving rich guy can get richer? I can tell you this, that's not what most would put on a uniform and charge a hill for, they'd prolly just shoot the SOB who told them to do it.
When we have healthy individuals capable of doing jobs or learning how to do them, then we need to make sure we employ and train them, instead of leaving them paid unemployed while hiring someone else to do the job they could have been doing.
I cannot argue that often immigrants are not more motivated than their US citizen counterparts. I cannot argue that I would rather spend an evening enjoying the company of a foreigner over some of my countrymen. But it makes absolutely no sense to continue to pay some guy entitlements to sit on his lazy ass when he could be put to work. Paying a more motivated immigrant makes sense for the employer, but it makes no sense for our country.
If you want to talk about giving our highest paying jobs to immigrants, I may argue with you on that topic as well. Though it can fill a temporary need to get specialties from other countries, the long term solution requires us to train our own.
There have been waiting lists to get into medical and nursing schools in this country for decades. The shortage of US medical schools has long been acknowledged, yet we continue this ridiculous cycle of immigrating medical professionals from other parts of the world almost exclusively for monetary reasons.
I am confident that there are many similar scenarios in other fields where we go out of our way for an immigrant hire so that we can avoid the price of a US citizen to the country's demise. The argument is we are getting the best and brightest, thats nice but it also is taking away opportunities from current US citizens.
Conclusion - Illegal Immigrant go home, you aren't welcome here by anyone but an employer looking to enslave you or your family who lied to you and told you you were welcome here. You want to come vacation here, fine, we'll come see your country too. Dont do any job hunting though.
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