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Old Today, 02:34 AM
 
Location: Houston
22,917 posts, read 11,805,158 times
Reputation: 9316

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Quote:
Originally Posted by RageX View Post
America was unique in the world once with our know-how and manufacturing superiority.

Then some greedy Americans had to sell out the rest of us, so they could be even more rich, in the process, giving our unique advantage to a country equal in size, mildly comparable in military strength and, superior in population quantity. At that point we inflicted upon ourselves irreversible damage-over-time that will lead to an American game over.

China has tens of millions of children and teenagers that know how to assemble things, daily, that, thanks to our needlessly social-justice based school system, maybe only thousands of Americans know how to do.

The US is too big to take directly but, in many other ways, China has already won.
Quote:
Originally Posted by RageX View Post
I never said math and science was useless anywhere in my post! Literally, my post contained no references to, at least math and science, being useless.

China is such a manufacturing powerhouse because their workers do far more than attach soles to shoes. If that's all they did, well they would be Bangladesh or Honduras.

If schools taught more reading, math and science that would be great, excellent but, ...apparently schools are teaching reading so poorly that some people are seeing words that aren't actually there.
Have you ever looked at the per capita ppp of the USA versus China?
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Old Today, 03:34 AM
 
1,495 posts, read 848,461 times
Reputation: 2286
Quote:
Originally Posted by whogo View Post
Have you ever looked at the per capita ppp of the USA versus China?
I said many not all.

Also, a country that is strong on the world stage does not have to a high Per Capita income. It helps but, is not a requirement.

China is like the Turtle and America is like the Hare. We should win easily but, it's like we're napping. Damn shame...
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Old Today, 08:18 AM
 
12,145 posts, read 5,815,403 times
Reputation: 7131
Quote:
Originally Posted by craigiri View Post
Definitely a true analogy and the exact reason I would never let a guy like Trump near national policy here. He plays tic-tac-toe, not even a good game of checkers. He hold no cards and thinks that actual intelligent people (like the Chinese leadership) are going to bow to him like he's a celebrity (like some Americans do).

That's not the way the world works!
.
The “world works” on Money. Not a lot of money involved in Chess.

China is devaluing its currency in an attempt to prop up their exports against tariffs. The flip side of this devaluation is that their currency doesn’t purchase as much as it did. The result is that the Chinese imports have dropped. 7% in the last quarter from Germany alone ... Germany has an economy based on exports. Economists in Germany are already predicting a recession soon.

The bilateral trade volume reached $183.88 billion in 2018 with year-on-year growth of 9.4 percent, according to data published in China. (China daily)

China remained Germany's largest trading partner for a third consecutive year in 2018. Germany has been China's largest trading partner in Europe for 44 years.

China's economic restructuring and its booming market keeps on creating opportunities for German enterprises, while Germany's advanced facilities and managerial experience can in turn assist China's industrial upgrading.

It’s not just Germany that is facing bad numbers ... it’s the entire EuroZone.

Euro zone's slowing growth confirmed, hit by weak trade - Reuters 9/06/2019

China is one rationing pork .. the main source of protein to the Chinese. It’s estimated that 1/3 of their herds are infected .. considering that the Communist Government controls all news, it may be a lot worse.

The Chinese have advanced a lot in the past 50 years. Will they be willing to go on rations? How will they react to the loss of business & money? See Hong Kong for a glimmer.

There are a LOT of balls in play - it may all come down to basics like Food and enough power to keep the lights on.
Which is another thread. I don’t think we need a Chess Player. A Team of Business Moguls likely understand all the Balls in play better.
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Old Today, 10:30 AM
 
5,760 posts, read 2,127,699 times
Reputation: 7249
There's one huge roadblock that will stop China from taking over the world economy: their financial sector sucks.

The US dollar still dominates as the world's reserve currency. A lot of that stems from our relatively transparent markets, open and audited quarterly statements, and an open and stable Federal Reserve. Chinese banks, by comparison, are black boxes and you can't trust the statements they release. Being a communist nation you don't know if and when capital is infused from the government or debt is taken on for various projects.

... and even if China suddenly made their banks transparent, China's 250% debt to gdp ratio is a dark cloud over their currency even if they let it float.
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Old Today, 10:56 AM
 
9,053 posts, read 4,031,402 times
Reputation: 1775
Quote:
Originally Posted by Kibby View Post
The “world works” on Money. Not a lot of money involved in Chess.

China is devaluing its currency in an attempt to prop up their exports against tariffs. The flip side of this devaluation is that their currency doesn’t purchase as much as it did. The result is that the Chinese imports have dropped. 7% in the last quarter from Germany alone ... Germany has an economy based on exports. Economists in Germany are already predicting a recession soon.

The bilateral trade volume reached $183.88 billion in 2018 with year-on-year growth of 9.4 percent, according to data published in China. (China daily)

China remained Germany's largest trading partner for a third consecutive year in 2018. Germany has been China's largest trading partner in Europe for 44 years.

China's economic restructuring and its booming market keeps on creating opportunities for German enterprises, while Germany's advanced facilities and managerial experience can in turn assist China's industrial upgrading.

It’s not just Germany that is facing bad numbers ... it’s the entire EuroZone.

Euro zone's slowing growth confirmed, hit by weak trade - Reuters 9/06/2019

China is one rationing pork .. the main source of protein to the Chinese. It’s estimated that 1/3 of their herds are infected .. considering that the Communist Government controls all news, it may be a lot worse.

The Chinese have advanced a lot in the past 50 years. Will they be willing to go on rations? How will they react to the loss of business & money? See Hong Kong for a glimmer.

There are a LOT of balls in play - it may all come down to basics like Food and enough power to keep the lights on.
Which is another thread. I don’t think we need a Chess Player. A Team of Business Moguls likely understand all the Balls in play better.
IMO China's Achilles heel is imported foodstuffs. China is more resource limited than the USA.

https://dimsums.blogspot.com/2019/09...26261193054134
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Old Today, 11:40 AM
 
Location: Houston
22,917 posts, read 11,805,158 times
Reputation: 9316
Quote:
Originally Posted by Hoonose View Post
IMO China's Achilles heel is imported foodstuffs. China is more resource limited than the USA.

https://dimsums.blogspot.com/2019/09...26261193054134
China’s per capita ppp is about 16k, Taiwan has about 56k. China does not have an efficient economy.
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Old Today, 11:48 AM
 
16,712 posts, read 4,389,174 times
Reputation: 11656
Quote:
Originally Posted by whogo View Post
Have you ever looked at the per capita ppp of the USA versus China?
Per capital includes the Trillion in debt we incur each year and the 23+ Trillion already borrowed.

It includes "income" we pay 2X normal medical costs for.

It includes "income" from the 1.5 Trillion per year spent on the Security State (people, software and hardware and debt payments)......

It includes the fact that we have to buy stuff made elsewhere because our purchasing power would not support American made products.

Correct me if I am wrong in one of more of these things...

Also, answer us this. Does this take Bill Gates and Bezos income into the mix and then distribute their income to many millions of others...? In other words, are you counting inequality into this?

If the above is the case, isn't that really an unfair comparison?
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Old Today, 11:51 AM
 
16,712 posts, read 4,389,174 times
Reputation: 11656
Quote:
Originally Posted by whogo View Post
China’s per capita ppp is about 16k, Taiwan has about 56k. China does not have an efficient economy.
This depends on looking forward and it also depends on other things.

For example for that 16K their citizens live LONGER than ours do.

Based on your measurements a $1600 screwdriver sold to the Pentagon improves the lifespan or daily life of someone in the hills of Ky.

If we are getting more, why the trillion dollar deficits? Why the medical bankruptcies? Why the stable or declining life spans?

Isn't happy and healthy life span, in the end, the single most important measurement? Or, "lifespan for the buck". ???
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Old Today, 11:52 AM
 
4,777 posts, read 3,678,515 times
Reputation: 7442
Quote:
Originally Posted by whogo View Post
China’s per capita ppp is about 16k, Taiwan has about 56k. China does not have an efficient economy.
Except the Chinese have 1.4 billion, while Taiwan is 26 million. China’s size determine its power. Taiwan doesn’t even show on the radar screen.
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Old Today, 11:52 AM
 
16,712 posts, read 4,389,174 times
Reputation: 11656
Quote:
Originally Posted by Hoonose View Post
IMO China's Achilles heel is imported foodstuffs. China is more resource limited than the USA.

https://dimsums.blogspot.com/2019/09...26261193054134
These are not problems since ag production in the world is incredibly high and there are always plenty of places willing to sell ag products in exchange for manufacturers goods or money.

Of course, as said before, China already owns vast acreage and food production corporations in the USA and elsewhere........

Japan is an intensely resource limited country, right?
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