I’m not an economist, but I thought this would happen some time ago. I fear they won’t go quietly. I think a war with China is inevitable.
He certainly has spammed that same message across the web. He could fill in as a columnist at the epoch times.
Obama is hoping to collapse America first.
“Therefore its state-controlled brainwashing education and propaganda machinations ensure a complete lack of morals and regard for laws in all Chinese growing up and beyond.”
bingo. if you didn’t know why they let our education system rot in the gutter, you should now.
Went to China two years ago. A lot of the modernization that that is going on there is substandard to say the least. Saw a university campus that was less than 5 years old that was already falling apart. You see new [largely empty] apartment buildings next to hovels. And the pollution is out of control. They have a lot more problems than is being advertised.
and do not forget that it is also the most polluted place on Earth
Hope it’s true. China is funding so much of our debt that so if we can get a new regime in there perhaps they’ll forgive a big chunk of it.
Gee, if communism collapses in China does that make the Obama White House the largest communist power left?
ping
I like the analysis and the writing.
It’s all true, except the most important thing. It’s unfortunately wishful thinking that we will soon see the demise of the CCP ruled China.
China has a rapidly aging population and a very materialist one at that. They aren’t prepared to overturn the government - not even close. The fact they are losing low-wage, low skill jobs is the same process the US has gone through. Economic development and a declining work-force mean typical farming families rural provinces now doesn’t need to send their children 500 miles away for a job making sneakers for Americans. Economic development makes people more content, not the other way around.
I can’t argue that China has built up a huge amount of domestic debt, and also that there is massive government corruption, based on government and political involvement in all aspects of the economy (the same way the US is heading).
But China is not Bolivia, Argentina or some other toy of Wall Street. They print their own currency, hold their own debt. They hold a lot of foreign debt too. So, the Chinese Government is beholden to no one. They have a lot more leverage over others, than others have over them.
Red China's ascension to Number One super economic and all around everything super-super power like none seen before or ever again, scheduled for next Tuesday afternoon (about tea time), has been delayed.
'Apears that the days of free-tradin' our technology and knowhow away for cheap labor are over. In fact Deng's version of Lenin's New Economic Policy has only the confiscation of the useful idiots' holdings left to do.
I am not an expert but every great leap forward onto the backs of millions of citizens killing them was a contemporaneous event for me.. every one beginning with Mao's "agrarian reformers" taking over.
Even in the 1940s before Mao my Grandmother insisted that China would be the world's greatest power. Even as a child I did not think so.
Having to un-pin the ruan and trying to maintain demand as exports drop are tough challenges for a centrally planned economy.
Bring jobs back now. That will save them.
I have said for MANY years that Wal-Mart will be a major factor in the collapse of the Chinese economy. Virtually everything sold to Wal-Mart and other major retailers is sold at a loss because the manufacturers are subsidized by the Chinese government. That can’t go on forever.
As for the U.S. debt the Chinese holds, they will have to discount it significantly if they ever decide to sell it in large numbers.
You see paid Obama propaganda professional commenters here on several web sites.
If Chinese communism lasts as long as Soviet communism, it’s got another five years.
There are a couple of things I don’t agree with, but on the whole I agree with it. We rightly complain about our debt, but their debt is much larger. This article also doesn’t go into their water and energy issues, which are substantial.
Just, wow!
Awesome post — underlines just how much our current leadership loves, mimics and idolizes Red China.