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Sorry, Pipe. It's just not possible, the life expectancy of a goat is far short of the constitutional mandate of at least thirty-five years of age. Are there any other barnyard animals you fancy ?
Monkeys!
YES, monkeys ................ how long do they live?
To add to what Schorsch said, in fact the Chinese "investment" in the US is a double-edged sword for them. The last thing the Chinese would want is a major economic collapse in the US. As well as wanting to protect the dollar value of their investments, they want the ability to continue to sell all that cheap crap with lead paint into the US if only to keep the hundreds of millions of people in China employed, else they could face a social revolution there.
every woman breathing in this country will vote for her
Joey, Joey, Joey. You don't know very much about women, do you?
Originally posted by Schorsch
BTW: Did George W. Bush register to this forum? I miss the Presidential Q&A.
I have it on good authority that he is considering his options, along with some other political figures, but may be waiting for a time when the forum needs a boost.
The Chinese own a seizable amount of USA bond dept. These bonds are issued by the federal government, which does not own its country. So, the Chinese may have quite a lot of US bond debt, but they do not own the USA.
Germany also has quite a lot of USA bonds.
BTW: China lost round-about one quarter of its foreign currency reserves in the last 12 month due to decay of the USD. That is equal to 50 million Chinese working their entire life for free. Always bad to store your money in a currency that is controlled (solely) by your strategic rival.
Thaaaatīs my German. A figure of speech, of course.
But thanks for the world economy lesson. So, what youīre telling me is that the Chinese have aquired US bonds like no other country just for the sheer fun of having them in the store and watch them?
I donīt think so.
The amount of these bonds, and the amount IS considerable, can be used for political pressure whenever suitable. And that IS, figure of speech Alert!, like "owing half the country".
The situation might not be dangerous right now , but it can become. Politics take sharp turns.
Right now the Chinese want to sell their garbage. But theyīre growing bigger and bigger, richer and richer and theyīre entering already sophisticated areas of technology which pertained once to an exclusive club of countries.
I donīt fear the ME, I donīt fear North Korea ................. I fear China. And you should, too. Anyway, the last country I wanted to see with that amount of US bonds at hands. All in all, (still) the most powerful economy.
But thanks for the world economy lesson. So, what youīre telling me is that the Chinese have aquired US bonds like no other country just for the sheer fun of having them in the store and watch them?
They need to invest in something and their own currency is obviously not the best option. The Chinese central bank controls its own currency with the USD.
Originally posted by Pipe
The amount of these bonds, and the amount IS considerable, can be used for political pressure whenever suitable. And that IS, figure of speech Alert!, like "owing half the country".
The prime position of the USA as China's lead customer can also be used. Of course it is new that a former 3rd world country has considerable economic power, but it is no one sided story.
Originally posted by Pipe
I fear China. And you should, too. Anyway, the last country I wanted to see with that amount of US bonds at hands. All in all, (still) the most powerful economy.
I think knowledgable people know that China isn't a one trick pony and that we (= the West) should always be careful to protect our political, military and economical leadership.
Back to topic: China is very high on USA's political agenda. The USA has lost millions of jobs to China and the lower 50% of American workers haven't seen any increase in income in the last 10 years. The next President must act on this issue, although that ain't a topic to campaign with.
There is always "Hope" for "Change".
I can guarantee the following about how I will vote come November:
It will not be for Hillary or Obama or any other half wit candidate the democratic party puts up.
As for the primary, I'm leaning towards Ron Paul because of the whole blimp thing. I still have six weeks or so to make up my mind and to see who else drops out by the time the primary rolls through Texas.
Melissa* PPL SEL
Official Winner of the ASF Aviation Safety Quiz 2006
They need to invest in something and their own currency is obviously not the best option. The Chinese central bank controls its own currency with the USD.
The prime position of the USA as China's lead customer can also be used. Of course it is new that a former 3rd world country has considerable economic power, but it is no one sided story.
I think knowledgable people know that China isn't a one trick pony and that we (= the West) should always be careful to protect our political, military and economical leadership.
Back to topic: China is very high on USA's political agenda. The USA has lost millions of jobs to China and the lower 50% of American workers haven't seen any increase in income in the last 10 years. The next President must act on this issue, although that ain't a topic to campaign with.
There is always "Hope" for "Change".
China has the capability to produce ANYTHING, at ANY wanted QUALITY, at ANY COST and PRICE lower than the West. And this will not change. And thereīs more: They have no scruples or ethics whatsoever towards the West. Maybe itīs time to stop asskissing the Chinese, enforce ethical trade behaviour, treat violation of human rights as what they really are: Violations!
But why will this never happen? Because China is also the Westīs biggest and most promissing, fastest growing market. Thatīs why I donīt agree that "the Tiger is contained" (figure of speech Alert!) and a "few" US bonds in chinese hands donīt represent any danger.
There goes the theory that China needs the West to sell their garbage. I fear itīs much more the other way around.
Well, there's a shocker. You don't think all the other candidates do the same ?
The most important characterists of a politician are the person's beliefs, principles, and historical activity (voting/officiating record, job/military experience, whatever). And these three things should be in agreement with each other. You definitely do NOT want a politician who will be easily influenced by the Party. My problem with Hillary is it's impossible to know her beliefs (she is a woman of 20 faces), her principles are undefined, and her voting record is all over the place.
ADC Refugee
Click here to view my aircraft photos at JetPhotos.Net!
I like Ron Paul, but on the other hand his idea of gold based currency is a bit scary, if you consider that Russia and China naturally posses much more Gold and I seriuosly doubt how much of the forgein political idea he has a practical. Leaving the UN, WTO etc. might be a nice idea, but not so nice to the international selling US firms.
With Billary one knows what one will get, more of the Clinton years. Now I would not consider that a perfect option, but the safest bet.
Well if we don't have a hard currency we need to at least freeze it. None of this money-printing bs. The Dollar's going down fast enough as it is.
ADC Refugee
Click here to view my aircraft photos at JetPhotos.Net!
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