Author: desperado123

China’s Achilles heel --Economist   [Copy link] 中文

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Post time 2012-4-30 20:03:46 |Display all floors
Accounting11436 Post time: 2012-4-25 22:12
Large-scale immigration poses problems of its own. America is one of the rare examples of a country  ...

Large scale immigration is not the problem however unfettered immigration by largely uneducated and unproductive folks are a problem!
No, I live above Sunset Plaza, it's a little house I rent and it's a little rundown but has a beautiful view, what about you?

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Post time 2012-4-30 20:09:26 |Display all floors
lebeast Post time: 2012-4-26 12:45
Europe is interesting because the borders of individual countries have changed quite regularly

Addi ...

The strong protection of insiders in the German labour market resulted, instead, in high unemployment levels and low economic integration of immigrant workers, in spite of their ethnic and linguistic similarity to West Germans. By contrast, in the UnitedStates the inflow of Mexicans (much less educated, ethnically and linguistically differentiated and sometimes undocumented) has been absorbed by the labour market to a much greater extent. Indeed, immigrants have lower unemployment rates than natives and the average US citizen, as worker and investor, benefits from the contribution of these immigrants to the provision of a large share of the manual services described above.
No, I live above Sunset Plaza, it's a little house I rent and it's a little rundown but has a beautiful view, what about you?

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Post time 2012-5-1 01:59:52 |Display all floors
This post was edited by matt605 at 2012-4-30 18:54

Slowing fertility isn't a burden.  It's a boon.  As the birth rate slows, the quality of life for everyone increases.  Soon, China's per capita income will exceed that of some well established OECD nations.  Through its one-child policy, China is creating the conditions in Europe after the bubonic plague.  Then, massive loss of life due to disease meant the survivors had more wealth and hospitable living conditions.  The abundance of resources launched a renaissance that continues today.  China isn't losing lives to disease though, it's just preventing too many new mouths to feed from being born.  And with 600 million people living on less than $1 per day, there is a vast pool of workers who are ready and eager to learn jobs that can pay up to $8 a day.

Fortunately for China's elderly, the PRC holds trilions of US dollars in Treasury Bonds.  As they begin to age, the American population will be paying taxes into its treasury and its treasury will be paying on and paying off the bonds.  Rest easy, China.  The best years are ahead.

{:soso_e161:}

龙年顺顺利利

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Post time 2012-5-1 12:29:12 |Display all floors
The concern of the low birth rate in China is that young generation would face the situation of shouldering heavy burden of more father generation. In fact, I am not very worry about the population growth because Chinese people, especially rural households and city dwellers who migrates from the countryside, which can explain why more and more couples choose to have the second baby in my hometown and in our neighborhood. With the eased birth policy, the fertility rate would turn around or at least keep a stable and reasonable level.
No matter how many youth people are willing to have more than one child, China would encounter with the dilemma of aging society. To cope with such an issue is an important task for our government. I think economic restrcture is the most imortant method to let China keep a high speed to accelerate its social wealth by less labor in the future. Another feasible way is to initiate an economical living style to save more resources for our descendant.

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Post time 2012-5-3 13:49:11 |Display all floors
“Bankers own the earth; take it away from them but leave them with the power to create credit; and, with a flick of a pen, they will create enough money to buy it back again... If you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.”
- Sir Josiah Stamp, Director, Bank of England, 1940.

China is the newest banker of the world.

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Post time 2012-5-3 13:51:18 |Display all floors
bushier Post time: 2012-5-3 14:49
“Bankers own the earth; take it away from them but leave them with the power to create credit; and, ...
  1. China is the newest banker of the world
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Not yet, it'll take some more time.  

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Post time 2012-5-8 22:52:23 |Display all floors
John McCloy Sun, 07/24/2011

The U.S. is helpless against an attempt by Russia, Iran and China to do business in any unit they consider money since the United States NO LONGER MAKES ANYTHING.

We have become so completely reliant upon China to make nearly every one of our goods that corps rely upon to sell to the U.S. Consumer that is loaded up with only Steroided Fed created Fiat that anyone of these nations that does produce actual goods such as oil, minerals and affordable IT services (India) can call the bluff of the United States.

    Our clownshoes in the U.S. govt have presented ourselves as nothing more than bullies who wish to get around a days work like the rest of the world based solely on the only exports we have which is "Hollywood, Television, Apple & U.S. reserve currency counterfeiting". The moment the rest of the world no longer respects this undeserved vacation of shell passing for possesing nothing more than a military of never before seen proportions they will understand that all he have is nukes, subs and fiats. Hell we taught China how to make our Apple products.

     We have already proven ourselves incapable of winning Wars in Iraq, Vietnam and Afghanistan do how do we propose to win a war against a unified globe that are bent on preventing the United States from skipping out on the check using fiat currency solely because we are the reserve? China & Russia know exactly what is occuring and no longer wish is to print currency since we have deabilited to just that in order to create the illiusion we have an economy.

     All that is necessary is to step back, stop buying bonds, stop trading in Dollars and demand a gold/silver/commod basket of exchange and cease to trade their slaves for our imported dollars. It all ends without a single shot being fired since the inability to print and pretend would cause so much economic havoc we would be forced to unveil our mask as promoters of democracy and nothing more than the most successful counterfeiting ring in history. Yes it is true..China only receives their wealth from the sales to U.S. zombies and converting out fiat into buying out own debt and military expansion but we are quite reliant upon them to service this illusion by using their slave army to build your child's Barbie dolls.

    The moment the credibility is lost and the U.S. homogeny challenged jointly we will see how quickly our allegiances with other selfish nations crumbles. We will be either forced into WW3 to give this stealth empire the push over the Rubicon and take all by military force or remove our crony puppets and return America to a nation that recalls that freedom does not come from what is preached but what is practiced by example. We do however have food and grain so the next decade should be unleash a war not before seen upon mankind fought along unseen technological, social and weaponry parallels.

  What are we going to do arm all our "Allies" in the Middle East to fight our continental war in Asia? We cannot even prevent China from parking a Sub off of L.A. and firing a trident a day after QE2 was launched in order to show us that the status quo has changed. We are more vulnerable domestically than ever AND globally. All they need to do is push with a feather economically because of our actions after 9/11 and it all ends.

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