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this is specifically why it matters to us:
China has paid heavily for this relationship. Rather than invest its surplus cash in its own country, the Chinese poured money back into the U.S. to further spur our debt-fueled consumption. (Put less artfully, some poor Chinese guy in Shaanxi province was essentially helping you pay your mortgage.)
The announced stimulus package reverses that. Hundreds of billions of dollars that would have gone to propping up the greenback are now being reinvested in China.
Last edited by floridasandy; 11-13-2008 at 05:22 AM..
Interesting also in that the thrust of the article is for U.S. investors to now look to invest in the growth of China to bulk up their portfolios. If enough people and funds follow that advice, it will pull the supports out of the remaining U.S. stocks. I've said before that China was waging an economic war against us, beating us at our own game. This could be a major move in that game.
China is going to start taking care of China -- Good for them.
China is going to stop shipping money here that further indebts US -- Good for US.
And some US corporations that have been trading the middle and being funded in the mess may be wiped out in the stock market collapse -- Good for (most) Everybody.
Thank You, China!
Anyone know how to say: "Welcome, Liberators!" in Chinese?
China is going to start taking care of China -- Good for them.
China is going to stop shipping money here that further indebts US -- Good for US.
And some US corporations that have been trading the middle and being funded in the mess may be wiped out in the stock market collapse -- Good for (most) Everybody.
Thank You, China!
Anyone know how to say: "Welcome, Liberators!" in Chinese?
you clearly don't understand the actual implications of this. china has the economic resources to stand it alone but we are a country in debt. they are not liberating us. they are untying themselves from our debt.
you clearly don't understand the actual implications of this. china has the economic resources to stand it alone but we are a country in debt. they are not liberating us. they are untying themselves from our debt.
Actually sort of do.
I am just not a Corporate Capitalist.
I feel more sympathy and connection to the average Chinese than our Corporate Class.
I would like to un-tie US from our chronic corporate debt generators, as well.
This is what China should of been doing in the first place instead of draining every last drop out of their workforce (totalitarian governments can do this).
Their currency manipulation is a major factor in prolonging our trade dependence on them. This action should increase the value of the Yuan (as dollar holdings need to be converted to Yuan for transactions) and reduce the value of the dollar. Sooner or later it wouldn't make economic sense for American companies to outsource jobs out there.
Location: Georgia, on the Florida line, right above Tallahassee
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Quote:
Originally Posted by floridasandy
you clearly don't understand the actual implications of this. china has the economic resources to stand it alone but we are a country in debt. they are not liberating us. they are untying themselves from our debt.
I am so glad you posted that thread! What a very descriptive way to describe, what people in AA would call "an enabler."
Enabler - Definition of Enabler - Codependency and Self-esteem (http://www.asktheinternettherapist.com/counselingarchive-enabler-and-codependency.asp - broken link)
An enabler, is a person who by their actions make it easier for an addict to continue their self-destructive behavior by criticizing or rescuing. The term codependency refers to a relationship where one or both parties enable the other to act in certain maladaptive ways.
How will China's stimulus plan help me? Many who are addicted to China's cash are in despair, feeling hopeless, unable to believe that things can ever change. We want our lives to be different, but nothing we have done has brought about change. We all come to recognize China's new policy as a good thing - because we want and need help.
As one who was once addicted to China's money, members share their own experience, strength, and hope with each other. You will meet others who share your feelings and frustrations, if not your exact situation. We come together to learn a better way of life, to find happiness whether other countries are still getting cash from China, or not.
My apologies to Al-Anon.
Welcome to Al-Anon and Alateen (http://www.al-anon.alateen.org/english.html - broken link)
I am so glad you posted that thread! What a very descriptive way to describe, what people in AA would call "an enabler."
Enabler - Definition of Enabler - Codependency and Self-esteem (http://www.asktheinternettherapist.com/counselingarchive-enabler-and-codependency.asp - broken link)
An enabler, is a person who by their actions make it easier for an addict to continue their self-destructive behavior by criticizing or rescuing. The term codependency refers to a relationship where one or both parties enable the other to act in certain maladaptive ways.
How will China's stimulus plan help me? Many who are addicted to China's cash are in despair, feeling hopeless, unable to believe that things can ever change. We want our lives to be different, but nothing we have done has brought about change. We all come to recognize China's new policy as a good thing - because we want and need help.
As one who was once addicted to China's money, members share their own experience, strength, and hope with each other. You will meet others who share your feelings and frustrations, if not your exact situation. We come together to learn a better way of life, to find happiness whether other countries are still getting cash from China, or not.
My apologies to Al-Anon.
Welcome to Al-Anon and Alateen (http://www.al-anon.alateen.org/english.html - broken link)
but first your country will go through a major depression.
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