A thought-provoking comment, ironically on a YouTube video:
hey jorden- what happens when the govt is so deep in unbearable debt (and that paper is held by communists in china)that the communists in china stop buying treasuries depriving the govt of more capital. Can the govt still nationalize the banks?
the gov't will either have to raise taxes or simply print money...
But this is all under the assumption that China will suddenly stop buying treasury bonds... which they wont as long as we keep paying off the debt (which we have been doing)...
What people fail to realise is that China is an export driven economy... they are completely unsustainable without the US buying all there ★■◆●. So our success directly translates to their success... they NEED the US more than we NEED them.
I have always hated the People's Republic of China. They are fascist, and I refuse to accept them as the successor state to the Republic of China. I have always been afraid of them collapsing our economy, but, could it instead be the opposite? If we were to produce our own goods and have them bought or used in replacement for PRC goods, could we, in effect, hamper their economy? I know many nations still buy stuff from them, but it could be a start. I am a believer that we should try to defeat the People's Republic of China economically, and I think that this would be a starting point.
I'd have to disagree with the bolded (is that a word?)part of the quote.
The stuff we \"buy\" from them is often stuff we've contracted with manufacturers. We know it as \"outsourcing\". That's a form of export of course, but differs from buying raw commodities. And thus, I wouldn't put it under the title \"crap\" as it originates from us. .. where it's any good or not and really Is crap is another issue.
btw, I hate it when someone uses \"there\" instead of \"their\".
Duper wrote:I'd have to disagree with the bolded (is that a word?)part of the quote.
The stuff we "buy" from them is often stuff we've contracted with manufacturers. We know it as "outsourcing". That's a form of export of course, but differs from buying raw commodities. And thus, I wouldn't put it under the title "crap" as it originates from us. .. where it's any good or not and really Is crap is another issue.
btw, I hate it when someone uses "there" instead of "their".
I get your point. I also noticed the wrong use of there
I just simply don't like the PRC government. I want it to fall; I want there to be another revolution, for a democratic China, or a drastic shift in policies. Declaring war would be wrong, and supporting a coup is too. The only thing is to impose our own "sanctions" on them; stop buying until their work policies are reformed. Of course, doing that now would kill us as well.
Of course, I say all of this, but I know that a lot of this is just gut feelings
btw Spidey, the cold war never ended. ... not really. It just went underground.
I tend to want what you describe Dak, but I personally don't see that happening anytime in my life. If it DID, there would be over a billion dead. ... that's not something I would want to be witness to.
Their record has improved markedly since 1989. They're more likely to stabilise further than break into civil war.
It's a lot more constructive to promote further improvement in their policies than to try imposing sanctions, which will definitely ruin the US as well.
Do \"YouTube comments\" and \"thought-provoking\" even belong in the same sentence?
Not trying to rag on you, it's just kind of funny. I've usually considered them a great example of the worst kinds of idiots the Internet has to offer.
