Posted on 10/26/2011 4:54:19 PM PDT by blam
Edited on 10/26/2011 6:27:30 PM PDT by Admin Moderator. [history]
People are always saying that China owns the United States. Here at Business Insider, we've gone over all the ways that that's not true.
Now a new book goes even farther, it says that the United States owns China. And because of that, the United States will rise up and dominate in the coming decade.
(Excerpt) Read more at businessinsider.com ...
This is a take on the situation that I’ve never heard before.
I have been saying something like this for years. The Chinese own a lot of American paper. It is a variation on the old theme: When you owe the bank $1000, the bank owns you; when you owe the bank $100,000,000, you own the bank.
World Power Swings Back To America(Very Up Lifting)
The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.
(snip)
not dire.
Hmmm, I’m sure China has major problems, but that does not mean the US is not in big trouble itself. When even Republicans are gung-ho for central planning in the form of so-called economic development, then socialism would seem to be on the rise everywhere. It is so easy to spend other people’s money and to discard the genius of the free market in favor of the grandiose plans of the busybody elites.
I’m no economist, and have only a poor grasp on the principles involved here; however, this seems to be the reverse of what everyone else has said so far.
Any savvy economists care to weigh in and put all this in a sentence of one- and two-syllable words that we economic idiots could understand?
have you read this book?
it looks interesting.
maybe i’ll order it.
Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.
?????????
Ahem.
This is what happens when:
1, you have a 1 child policy and forcibly abort women who break it.
2, you have a centrally planned economy
3, you have a third world population.
Here’s the problems.
China’s average age is the same as the US, but they are only making about 1/10th what Americans do in a year. This means that they are facing a stronger labor crunch than in America.
Their labor force is in decline. To fix it they would need to import about half of all the people who migrate in the world. I saw this coming about 4 years ago and have been tracking the labor deficits. I believed that China would solve it by declaring war on say, Vietnam, and conquering it to fix their labor problems.
As I did the numbers, their window is shrinking rapidly. The future of China isn’t to be a global superpower, it is to be Japan. And they will get there soon enough, within the next 20 years.
India will eventually catch and pass them, and it probably won’t take that long either. India didn’t take the short cut, which will benefit them long run.
By this logic, Obama is a genius. Just keep pushing the US deeper into trillions and trillions more of debt, and the US will own the world. Consistent with this logic, everyone should borrow as much as possible and everyone will win, leading to the universal wealth of all.
This magical thinking really has possibilities.
yeah, heard before from the MSM..
The fact this book is the exact opposite STRONGLY points a thinking person to the conclusion it is likely the correct of the two.
I think the Americans have a chance if they shove the environmentalists aside and the illegal immigrant advocates aside. Right now the US has many blue collar construction workers out of work. Unlike Japan with no natural resources, God has blessed this nation with abundant natural gas, coal and timber. Exploit these resources will produce jobs for the unemployed construction workers and shut off legal and illegal immigration that brings in people who qualify for low paying jobs that qualify them for welfare and food stamps. No nation can survive by bringing in the poorest of the poor and at the same time have a generous welfare state to boot. Shut off immigration, develop resource driven jobs for blue collar workers and this nation will thrive within five years. Follow the Dem concept of no drilling, lumber and usage of coal and at the same time bring in every poor person and we will be stuck with excess labor, high welfare and a handful of IT companies who employ the least amount of workers per capita. You will need about 600 Apple size companies to employ the current unemploy (assuming the world can buy as much smart phones/tablets and every unemployed blue collar can get a college degree in his late 30’s thru 60’s and compete with the young college grads).
Will that affect China's stability, internally and externally?
China took Paul Ehrlich and the other overpopulation jihadis seriously. They should have noticed that not even his home country took him seriously.
“...Only Just Now...”
Who’s the redundancy editor???
Shhhh. This is a secret.
IOW, China is really effed up, so we are better off.
I'll agree that the Chinese miracle is overrated, similar to the Japanese one of a few decades ago. But that in no way makes our situation more enviable. We are in a heap of big trouble.
The United States, though, has top Universities, and a great fertility rate.
Wrong on both counts, in a very BIG way.
A) Our universities aren't worth a damn. They are centers of higher level indoctrination, churning out legions of semi literate education majors and PhDs in Philosophy. Hell's Bells, a substantial percentage (over 30%) of incoming freshmen have to have remedial math in order to be enrolled in general math 101. We would be grinding to a halt without imported engineers.
B) The fertility rate of the educated and productive segment of America is not enough to sustain our current population. In reality, the influx of illiterate illegals with very high birth rates fools [liberal] statisticians into thinking we have a productive sustainable birth rate. Present trends unchanged mean that we are rapidly becoming a very large 3rd world country with increasing rates of tuberculosis and other 3rd world diseases that have been relatively rare here up until recently. And a workforce that is capable of mowing the grass and flipping burgers......if they can be persuaded to show up every day, certainly not a given.
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