Comments on: China Shows Who the Real Boss Is at USA Inc.

By: naftali

naftali — Wed, 29 Apr 2009 19:20:36 +0000

Here’s my take, and it’s filled with irony. First, China is acting just like a capitalist country, economically. I don’t believe the rights of citizens have ever been their greatest concern. But that will happen the more capitalism becomes their dominant mode. People need the freedom to invent and to choose which products to buy–and this necessitates an idea of a free individual.

Second, China has been acting as the conservative economic voice in America, since President Obama is not listening to the Republicans. Although China has been purchasing our debt, they haven’t purchased enough. China has told Secretary Clinton in very clear terms that they will not be buying the debt if the US currency falls, government spending grows excessively, and the economy continues to shrink. So in terms on international relations, China has been acting as the Tea Party of the World.

This is just weird. But that’s the way the world turns.

By: typos_R_us

typos_R_us — Tue, 28 Apr 2009 14:54:48 +0000

#25, Why, It’s not that much money.

http://www.theodora.com/wfbcurrent/taiwan/taiwan_economy.html

Here is the projection for GDP thru 2050;

http://www.photius.com/rankings/gdp_2050_projection.html

2000 numbers (in billions) are
USA 9825
PRC 1028
ROC .357

As you see from Chart #1, the PRC is projected to surpass the USA in 2050. I don’t believe that for a second, but they might. I suspect what will happen is the USA will crash past the PRC about 2014.
It would be a lot easier to just default on the bonds. Then PRC is out a few trillion and the USA is what…….?
As far as giving ROC to the PRC, it wouldn’t matter. The PRC is in no way able to invade the ROC. The PRC is VERY weak from the Military POV. They have a lot of troops, but that doesn’t matter in the 21st century when those troops are armed with antique weapons.
Besides, the Usurper won’t be around long enough to make any serious strategic difference. I expect Russia to take back the Ukraine. Georgia was a rehearsal for that and as soon as the Russians get the problems they found in over running Georgia fixed, the Ukraine will once again be a Sovi……er, Russian client state.
So what? Bad for the Ukraine, but that is a European problem, not an American one. The Lesson from Georgia was that the USA isn’t going to stand up for the little guys anymore. ROC has figured that out, which is why they are making their own weapons now. The Euros haven’t figured it out, but that is their problem.

By: miriam

miriam — Tue, 28 Apr 2009 13:51:30 +0000

I can just see the US trading Taiwan for debt forgiveness within the next 5 years or so.

By: Wally Lind

Wally Lind — Tue, 28 Apr 2009 04:38:40 +0000

I heard and read that China holds about $1 trillion in U.S. Government securites. 1/14th of our GDP and 1/19th of our debt through 2019. So what are you taking about? Even at $2 trillion, your thesis doesn’t make any sense. We heard this same nonsense about Japan, several decades ago. Like global warming cuased by man, a few decades after the global cooling scare, you people in NY and Washington don’t know your butts from a hole in the ground. The attempts to manuever around each other politically, just make my ass tired, as the old saying goes.

By: typos_R_us

typos_R_us — Mon, 27 Apr 2009 18:28:35 +0000

Nonsense. Cut off trade with the Chi-Coms and their government falls within a week.
We have a much firmer grip on their testicles then they do on ours. Of course, a lot of that is due to the relative size difference. It is hard to get a good grip on a pair of BB’s.

When Bolton left, he took the last pair with him. Hillery has some huge ones, but she is just biding time at State, waiting for the Usurper to crash and burn.
America has all the cards, but no will to use them.
You and those that think like you are getting bluffed.
Want to see the Chi-Coms AND the Russians toe the mark? Withdraw from the NPT. That will allow the USA to sell nukes to Korea, Tiawan, Poland, Germany, etc.
Poland with nukes will have Puttie changing his drawers.
ROC with nukes will have whoever runs the PRC growing ulcres by the bushel. Since the NPT outlaws attacks by nuclear states on non-nuclear states, it will also make the Mad Dog Mullahs sit up and take notice.

By: gs

gs — Mon, 27 Apr 2009 18:22:43 +0000

Note to self:

The next time you see an interesting right-of-center headline that decries our fiscal mess, search the text for ‘Bush’. If the word does not appear, don’t read the article.

By: Sonja

Sonja — Mon, 27 Apr 2009 17:02:27 +0000

Bill N #18:

Good point about Obama refusing to fight the Chinese…BUT…we cannot assume our troops are loyal to Obama. A military coup is not outside the realm of possibility. There already are rumblings within the military about our phony (possibly foreign) commander in chief.

By: Tristan Yates

Tristan Yates — Mon, 27 Apr 2009 16:27:15 +0000

Good article. In my last article I wrote that the sin of China is not that they sell us cheap stuff, but that they don’t respect our intellectual property. I’d love to see the US take China aside and say “guys, it’s really not working out… We just spoke to Chile and they’re happy to take some of our factories and buy our debt and even agree to anti-piracy audits. It’s a tough economy and I’m sure you have to understand that we need to go with the best deal. it’s been nice working with you, if you need a reference let us know…”

By: Timbo

Timbo — Mon, 27 Apr 2009 10:03:14 +0000

Fiat currencies – LOL the math behind the USD (and the rest of the global currencies for that matter) is already at the insane level. The chickens will come home to roost, perhaps next week, month or in a few years – nobody can predict when. This grand global ponzi scheme will be the bubble to end all bubbles when it collapses. Gold, bullets and food will be the only currency that you will be able to trade with. Perhaps out of the ashes we will see some sense. Wait until inflation hits and see if interest rates can rise to the 20%+ (after all that is the only tool the Fed will have to contain this cancer) and see what that does to what’s left of the housing market, commercial real estate and business lending and consumption based credit. Go team Obama!

By: Bill N

Bill N — Mon, 27 Apr 2009 06:48:22 +0000

myth buster (#17),
You assume that the current Commander in Chief of the U.S. forces would fight back if we are attacked by China, rather than merely engage in dialog. I wouldn’t bet on it!