Comments on: Please China, Keep “Beggaring Your Neighbors” http://wallstreetpit.com/11518-please-china-keep-beggaring-your-neighbors Sat, 20 Mar 2010 00:10:20 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John Smith http://wallstreetpit.com/11518-please-china-keep-beggaring-your-neighbors#comment-73672 John Smith Mon, 26 Oct 2009 09:45:50 +0000 http://wallstreetpit.com/?p=11518#comment-73672 I would not count out the US as of yet. It is true that we will go through some though times. But it is an illusion to think that if the driving force of the world economy collapses that it will not affect the rest of the world. For one everybody holding dollars will have lost all their investment. China will go from having the largest cash reserves to zero or very near to it. There is no way that the Chinese government can sustain their current GDP growth with out the USA. The domestic Chinese market is made up of people who save 40%+ of their income. It will take a generation to change that. The current Chinese government will not last that long. It will be overthrown way before that. 100s of millions of people with no jobs and nothing to loose is an army. There is a saying that if it is bad in the USA it will be horrible anywhere else. Unfortunately the rest of the world bought into the USA's ponzi scheme and is now frantically trying to figure a way out. But unless China goes to war over loosing all its reserves the USA will get away with the largest ponzi scheme in the history of the world. I would not count out the US as of yet. It is true that we will go through some though times. But it is an illusion to think that if the driving force of the world economy collapses that it will not affect the rest of the world. For one everybody holding dollars will have lost all their investment. China will go from having the largest cash reserves to zero or very near to it. There is no way that the Chinese government can sustain their current GDP growth with out the USA. The domestic Chinese market is made up of people who save 40%+ of their income. It will take a generation to change that. The current Chinese government will not last that long. It will be overthrown way before that. 100s of millions of people with no jobs and nothing to loose is an army.

There is a saying that if it is bad in the USA it will be horrible anywhere else. Unfortunately the rest of the world bought into the USA’s ponzi scheme and is now frantically trying to figure a way out. But unless China goes to war over loosing all its reserves the USA will get away with the largest ponzi scheme in the history of the world.

]]> By: XY http://wallstreetpit.com/11518-please-china-keep-beggaring-your-neighbors#comment-73661 XY Mon, 26 Oct 2009 07:29:36 +0000 http://wallstreetpit.com/?p=11518#comment-73661 the chinese yuan held steady against the us dollar while all other asian currencies except the japanese yen depreciated during the nadir of the current financial and economic crisis. the author is either too stupid or too anti-china to see the only bastion of stability in this fiasco caused by the US. what would have happened if china devalued its currency vs US$ the way korean won, sigapore dollar or philippine peso did in the last few months of 2008? why should china sacrifice its economic well-beings so that the us, the culprit of the whole mess, might see a recovery a bit earlier? never ever forget that fact that it was free-spending americans and self-indulging wall street thieves who put the world into pesent misery. if americans don't have the means, don't spend. printing dollars and borrowing like no tomorrow is NOT the behaviour of a responsible nation. americans should do serious soul-searching before opening their mouth and telling others what to do. the us is on its way downward. openings like the wall street journal is the businessweek of next year,being sold for a song. why, the world no longer hears you, no longer heeds your aggorance, no longer listens to what you preach, no longer cares if you disappear into oblivion. the chinese yuan held steady against the us dollar while all other asian currencies except the japanese yen depreciated during the nadir of the current financial and economic crisis. the author is either too stupid or too anti-china to see the only bastion of stability in this fiasco caused by the US. what would have happened if china devalued its currency vs US$ the way korean won, sigapore dollar or philippine peso did in the last few months of 2008? why should china sacrifice its economic well-beings so that the us, the culprit of the whole mess, might see a recovery a bit earlier? never ever forget that fact that it was free-spending americans and self-indulging wall street thieves who put the world into pesent misery. if americans don’t have the means, don’t spend. printing dollars and borrowing like no tomorrow is NOT the behaviour of a responsible nation. americans should do serious soul-searching before opening their mouth and telling others what to do. the us is on its way downward. openings like the wall street journal is the businessweek of next year,being sold for a song. why, the world no longer hears you, no longer heeds your aggorance, no longer listens to what you preach, no longer cares if you disappear into oblivion.

]]> By: John Smith http://wallstreetpit.com/11518-please-china-keep-beggaring-your-neighbors#comment-73533 John Smith Mon, 26 Oct 2009 04:08:57 +0000 http://wallstreetpit.com/?p=11518#comment-73533 How long do you think the Chinese can subsidies the US economy? They are holding more then 2.2 trillion USD in one form or an other. The Japanese are going about this the right way. They are letting their money appreciate against the USD. They have already decided to cut their losses. I believe that over the next 18 to 36 months the Chinese will have no choice and will do the same. How long do you think the Chinese can subsidies the US economy? They are holding more then 2.2 trillion USD in one form or an other. The Japanese are going about this the right way. They are letting their money appreciate against the USD. They have already decided to cut their losses. I believe that over the next 18 to 36 months the Chinese will have no choice and will do the same.

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