I'm no expert on china either but they are doing the wise thing in trying to insulate themselves from the collapse of the dollar in bypassing it's reserve currency status.Quote from Tsing Tao:
I am, by no means, an expert on Chinese foreign policy. But my guess is that they have realized that they are behind the curve and that this collapse comes way before you and I are "dust". The currency arrangements they are rushing into all over the world is the alarming factor.
Regardless, there are no hard facts to back any of this up, it is just speculation. But I think China, Canada, Australia, Russia and to some extent South America will survive when things crash down. Japan, Europe and the US are toast. We'll be able to call it something like "the great migration of wealth" from West to East. It'll equalize the disparity a great deal, and thus will pass the time of the US and the sun will rise on other nations.
Quote from PHOENIX TRADING:
I'm no expert on china either but they are doing the wise thing in trying to insulate themselves from the collapse of the dollar in bypassing it's reserve currency status.
That being said china has huge banking and construction bubble problems of it's own ahead.
our govt builds bridges to nowhere so a senator can buy votes.
The Chinese build whole cities to nowhere so their economy (gdp) won't collapse.
You're right, in no scenario does china fall upon it's sword for our benefit.Quote from Tsing Tao:
China will certainly have it's own problems, which is why I said when the shit hits the fan, do you think China will look out for its own or "back up the US because we're too big to fail"?
China would stab us in the back a thousand times before they'd do anything of consequence to help the US.Quote from Tsing Tao:
China will certainly have it's own problems, which is why I said when the shit hits the fan, do you think China will look out for its own or "back up the US because we're too big to fail"?