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Uhhh, I told you that China had been waging economic war with us ever since 'nam, and if you go back to usenet posts you'll see I was saying it years ago. Just what is surprising or new about this?
What is surprising is that this is no longer a conspiracy theory or tinfoil.
Now this is real and it's happening. But it's still not obvious to many who refuse to believe that America may, just may lose her place as #1.
Uhhh, I told you that China had been waging economic war with us ever since 'nam, and if you go back to usenet posts you'll see I was saying it years ago. Just what is surprising or new about this?
China has been waging war vs. us since they went red.
Japan has been waging war vs. us since 1941. They bought McArthur and they've been at it economically ever since.
IMO the giant strategic error Reagan made was he did not spend much if any effort on rooting out red cells in the US. They are more dangerous in the long run than the USSR or China.
Japan is doing well in their economic warfare. I wonder if they've wargamed the tactical military situation if the US for some reason moved out of SE Asia?
Our leadership lacks long term vision of a constitutional nature, they prefer short term economic gains. In their own bank accounts.
Well look at it this way..who has all the money ? Who has all the debt ?
He who has the money gets to make the rules.
Exactly. It was not too long ago we were lecturing everyone about how great we and our system was. We hated government interference in the free markets. We wanted LatAm countries to reduce spending and show fiscal responsibility. Etc etc. How the times have changed!! We the people need some time for all this to sink in - times are changing and there is not much we can do about it. To make the quarterly numbers, our corporations are selling out to the Chinese by giving them advanced technologies even though they know patents are not protected in China. Our politicians, who constantly expouse ethics, are corrupt and are actually facilitating a lot of this sell out of the country.
Good for us, and good for them. We need to get our economy off of Chinese credit, and they desperately need to fund improvements within their own economy that they have been neglecting for years.
We can not continue to rely on foreign credit to run our economy. We do not have to rely on consumption to grow. We are still extremely productive, and most of the necessities in life, we still produce (food, water, personal care products, housing, heavy industries, etc.).
If we can somehow get ourselves off of foreign oil and energy... we'd be a whole lot closer to self-sustainability. That'll have to include both domestic drilling AND new technologies as well as overall US conservation.
I think if China is able to spur more domestic consumption (perhaps through credit). The American marketing system could have a field day. It's about time the tables be turned and we sell overseas more than we import. The US has a ton of intellectual property.... sadly, that doesn't mean much in China - yet.
We lose billions of dollars of potential exports off of software, tech, consumer products, film, music, etc. illegal trade.
Location: Sitting on a bar stool. Guinness in hand.
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Quote:
Originally Posted by chuck22b
If we can somehow get ourselves off of foreign oil and energy... we'd be a whole lot closer to self-sustainability. That'll have to include both domestic drilling AND new technologies as well as overall US conservation.-chuck22b
Tesla unveils groundbreaking electric car (http://news.yahoo.com/s/afp/20090326/ts_afp/usautoteslaelectriclead_20090326224034 - broken link)
still expensive but heading in the right direction. If we have the will to build and buy these cars...it will....at least believe will help us break off the chains that bind us to foreign energy.
the article quoted is devoid of anything resembling reality. There is no substitute for American financial leadership. China is 30-50 years away from challenging.
the article quoted is devoid of anything resembling reality. There is no substitute for American financial leadership. China is 30-50 years away from challenging.
Would that be the same American financial leadership that has us on the verge of defaulting as a nation ?
Being a leader implies that other nations are willing to accept or at the very least tolerate your leadership. Even if China had the sort of economic clout to become a financial leader, who is going to accept their leadership? The West has the advantage to being able to rewrite the rules to a certain degree, not to mention we could always just bomb them back to the stone age if the need arises(which I would absolutely have no problem with).
Exactly. It was not too long ago we were lecturing everyone about how great we and our system was. We hated government interference in the free markets. We wanted LatAm countries to reduce spending and show fiscal responsibility. Etc etc. How the times have changed!! We the people need some time for all this to sink in - times are changing and there is not much we can do about it. To make the quarterly numbers, our corporations are selling out to the Chinese by giving them advanced technologies even though they know patents are not protected in China. Our politicians, who constantly expouse ethics, are corrupt and are actually facilitating a lot of this sell out of the country.
Also who has spent on average 140% of their income in the ;last years while teh other has a savings rate of 40%. That could make one a debtor nation and the other a credator nation> Then look back when we were the real leader;we were a saving ;nation and din't over spend on things we didn't need.It just gets worse with each generation it seems.Governamntis the same way as the people it seems.
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