China to retaliate by not buying treasuries
- Thread starter Cuddles
- Start date
Been all over the financial news. My opinion is that if they continue with closed off and/or controlled markets it won’t have anything near the liquidity of ICE Brent (the deepest crude contract out there).
China seems to be getting ahead of themselves and while the “threat” shouldn’t be underestimated its not as if the other world powers are just going to stand by and watch.
Eventually it's going to end up with just a fragmented world with East against the West with the East pack led by China and comprised of Middle East, Southeast Asia and North, East, West and Central Africa strengthened by China's ambitious "New Silk Road" project. The West is going to be led by USA joined by Europe, Japan, maybe South Korea (if it doesn't decide to unite with North Korea and join China), Canada, Mexico, Israel and some South Asian countries and South Africa.
And then there are the "swing" countries that are up for grabs, Australia, New Zealand, Central & South America countries and Russia with Australia and New Zealand being the "Western" countries club but geographically closer to China and the Central & South American countries are the opposite, being more in the East pack but actually located closer to United States and Russia geographically close to everybody including United States (Sarah Palin was right after all by saying she can see Russia from her house LOL) but in a love-hate relationship with everybody. LOL
Will be interesting to see how everything plays out. Everything is going to be determined by who stays on which team and who switches sides.
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With that fool Trump in charge countries like Mexico, Canada etc. can't be relied on to support the US.
I think the interesting thing about China is how it has managed to have the advantages of a well run, one party state with the capitalist advantages too. Their businesses seem to be booming while the tired ole democracies are struggling with their outdated systems. The democracies will probably collapse the way ancient Greece did to the new super power Rome.
Humpy, I don't think your brain works very well.
China is anything but well-run. LOL The problems in that country is too numerous to even name and given that its population is the largest in the world just exacerbates the severity of the problems 10-fold. The only reason all you see is the glamours front and never hear of its problems is because of its great firewall of China that blocks everything from coming out. LOL China is more like massive production machine on steroids but you cannot live there. Living there is a whole different story. There is no infrastructure that's there to support you in case if something happens to you. Basically if you are there, you cannot be sick (it takes you HOURS just to get registered and there is no orderly in the hospital; you have to push your hospital bed yourself to go from one place to another and all the lab/imaging reports are in paper form that you have to run to all over the place to go to all the departments yourself to get them and this is big city hospitals), you cannot lose your job (there is no unemployment insurance), you cannot get into accident (there is no ambulance; it can take hours to get there because of traffic), you cannot become disabled (there is no support structure, forget about wheelchair accessibility LOL), you cannot have children that are sick (there is no pediatricians; children just go get seen by the same doctors for adults) and you cannot be wronged (there is no such thing as suing the government or suing the hospital or suing the doctors; you can but there won't be much success. No the government will try its best to help you but if it's still not enough, then no you are on your own) and lastly and I find most importantly there is no free flow of information, you know only what the government WANTS you to know. There is no such thing as Freedom of Information Act over there. LOL to the point that you don't even know what kind of food you are eating. So that's the one-party system for you. LOL And for that, I will tell you I will take the tired ole democracies any time and so do all the rich people from China who's made enough money because in tired ole democracies where you can LIVE. In tired ole democracy, at least when you are miserable, at least you KNOW how miserable you are and you can tell the whole wide world that you are miserable. LOL
And besides China's booming business is NOT always going to be booming, at least not as fast. Don't get me wrong. China's accomplishment in such relatively short time is very impressive and it's achieved all these through the diligence and hard work of its people but you also have to put everything in perspective. China's starting point was also very low. When China started its market economy, its GDP was so low and the country's economic growth was almost 0; it's always easier to grow fast when started off at a lower point when off already an higher ground which is where the western economy is right now, a more mature stage. China's economic growth has already tappered off a bit comparing with 10 years ago and is going to gradually tapper off when it reaches a more mature stage, not growing at 45 degree angle unless it's a Madoff ponzi scheme. LOL
^^ well said