Within several years China will be the world's most powerful economy. (loan, mortgage)
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China is already more powerful economy than the US, we just haven't concede to this fact already. The reason China is already powerful because Chinese have much more purchasing power than Americans. Everything in China is much more affordable than here. The hospital bill is nothing, easy access to prescription drugs. Food is plentiful and affordable. Having work done on your home is easy and tons of contractors in China that does a good job. They can easily build things faster and quicker. The quality of life in China in big cities is far safer than America. I've visited China 4 years ago and planning on visiting and doing business there next year. I feel perfectly safe going anywhere to eat, shop, and enjoy without the harassments of homeless people here, possible muggings, and race baiters here in America. American politics is also very toxic, in China people don't argue about politics as much they argue about money. Everything is about money there. While many people here lusts about Teslas or BMWs. Many Chinese lust for higher luxury goods like Bentleys, Ferraris, and McLarens.
Wow are you out of touch - the average Chinese income is about $10K/yr vs about $70K/yr in the US. Even with 4x more people, that is about half the wealth/income. Only 1.44% in China are considered upper class vs 55.25% in the US. Over 90% (90.75%) in the US are considered upper middle income vs 17.61% in China. Almost 50% (47.77%) make less than $10/day in China vs 3% in the US.
I have owned BMWs and Teslas but never really lusted after a Bentley. As far as lusting in China, that is because they can't afford them - Ferarri - 456 China/HK/TW vs 2325 US; Bentley - 50% more in US than China even with 1/4 the population and history of the car in HK; McLaren 2051 US vs 276 in China.
Does it annoy US capitalists that China (a COMMUNIST nation) is on the verge of becoming the world's biggest & most powerful CAPITALIST nation?
Hell yea they are.. with all the masks, sanitizer and ventilators etc we purchased from them after they released a virus on us shutting down our economy, that was their plan and the USA went right along with it. There is no official putting a stop to this and therefore we that see it can see what our future is coming at us to be. Not a hopeful one for the survivors of the biggest population exterminating plan taking place right now.
Does it annoy US capitalists that China (a COMMUNIST nation) is on the verge of becoming the world's biggest & most powerful CAPITALIST nation?
WRONG! CHINA'S PONZI ECONOMY is collapsing.THE CHINESE PONZI ECONOMY NEEDS new foreign money to cover the bad debt. If the inflow dries up, there is no new cash to pay off the earliest investors and everything falls apart.
Ahh personal abuse is your intellectual weapon. Ha ha ha ha ha. Talk to an economist and get educated.
China IS VERY MUCH a capitalist nation. It is also a communist nation that has embraced and coexists with capitalism. China is FULL of "private" businesses that make the equivalent of MILLIONS and MILLIONS of dollars for their owners, and provide jobs and financial security for their employees. And yes, there's also government run businesses.
I would like to see you criticize the Chinese government in a "public" Chinese forum and see what happens to you. That's why we live in the US.
You're only here because the US allows free speech and you're taking advantage of those liberties. China does not. Ask Hong Kong.
lets not forget we are no better roses,according to economist David Rosenberg,he asked -why do so many US households lack $400 in savings despite 8 years of economic expansion under Bush and Obama?
lets not forget we are no better roses,according to economist David Rosenberg,he asked -why do so many US households lack $400 in savings despite 8 years of economic expansion under Bush and Obama?
ZIRP and FAKE ECONOMIC EXPANSION. The Fed has been FAKING economic growth since 2001 by stealing money from the future to spend it today and DELAY or POSTPONE DEFLATION. Not to AVOID but to DELAY and POSTPONE. Deflation can't be AVOIDED!!!!
ZIRP and FAKE ECONOMIC EXPANSION. The Fed has been FAKING economic growth since 2001 by stealing money from the future to spend it today and DELAY or POSTPONE DEFLATION. Not to AVOID but to DELAY and POSTPONE. Deflation can't be AVOIDED!!!!
Good Luck!
I believe Heart84 was suggesting that could be the case, citing Lacy Hunt. If that's the case, what exactly happens in a severe deflation?
Are there any examples in US history of a severe deflation?
I believe Heart84 was suggesting that could be the case, citing Lacy Hunt. If that's the case, what exactly happens in a severe deflation?
Are there any examples in US history of a severe deflation?
Thanks.
We've had several runs of general price deflation in The US.....each has been disastrous.
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