HAHAHAHAHAHA....

No. China has no power. If they sell their holdings and their U.S. dollars, the U.S. economy implodes. Along with that goes their largest trading partner.

They'll make a lot of noise, but they won't do shiat, fiscally.

NewportBarGuy: They'll make a lot of noise, but they won't do shiat, fiscally.

I'm thinking the same thing. It's become a codependent relationship that neither side knows how to get out of.

Mentat: NewportBarGuy: They'll make a lot of noise, but they won't do shiat, fiscally.

I'm thinking the same thing. It's become a codependent relationship that neither side knows how to get out of.


We just can't quit them.

Mentat: I'm thinking the same thing. It's become a codependent relationship that neither side knows how to get out of.

I really hate the modern version of "globalization", but it has a benefit for all us common folk when the shiat hits the fan. They need us more than we need them.

China is too busy trying to find potable water and jobs for their populace to even think about taking us on. If I were in a country bordering China I'd be terrified.

It's basically the same argument on decoupling oil to the dollar. Sure, try it and see what happens. That'd be fun.

NewportBarGuy: If I were in a country bordering China I'd be terrified.

I'm not.

I like this version of globalization: the more tied-up we are with each other, the less chance there is of MAD and war.

China's not a problem. Nor is Mongolia. Roosevelt has just successfully "liberated" their iron and horses. Now, Rome... Rome is an issue.

/sorry, just started playing again.
//just... one... more..turn....

Since this thread is young, I'd just like to point out that the only thing Communist in China is the name of the ruling party. If you think otherwise, you've not been paying attention.

It's just a straight authoritarian government now.

Well, the Chinese won't unilaterally fark America over, but if severe inflation does start hitting the dollar, as the article suggests, they won't have much of an incentive to hold onto Treasury bonds, either.

Question: Is the stimulus going to lead to significant inflation?

Next thing you know, Madagascar will close the ports!

erik-k: Since this thread is young, I'd just like to point out that the only thing Communist in China is the name of the ruling party. If you think otherwise, you've not been paying attention.

It's just a straight authoritarian government now.

Yeah, it's a weird hodge podge over there. It's like they're a frosted wheat society. The communist in them loves the oppressive government, but the capitalist in them LOVES the industrial and trading boom

ManicParroT: Question: Is the stimulus going to lead to significant inflation?

A lack of stimulus would have led to very high unemployment rates and deflation. With it, we can hope for 'holding steady'.

NewportBarGuy: HAHAHAHAHAHA....

No. China has no power. If they sell their holdings and their U.S. dollars, the U.S. economy implodes. Along with that goes their largest trading partner.

They'll make a lot of noise, but they won't do shiat, fiscally.

This is certainly true now, but it's still much more beneficial for us to be less beholden to China as soon as we can. In 15 to 20 years when China actually has an enormous domestic market that capable of buying all their shiat they'll need us a lot less than we need them. Of course, that's assuming their political system holds up long enough for that to happen, but either way it would be bad news for us.

yarnothuntin: It's like they're a frosted wheat society. The communist in them loves the oppressive government, but the capitalist in them LOVES the industrial and trading boom

I'm totally stealing that analogy.

So when did John Hinderaker get a byline? Isn't this the same man that said "[George W. Bush]A man of extraordinary vision and brilliance approaching to genius..."

yarnothuntin: The communist in them loves the oppressive government, but the capitalist in them LOVES the industrial and trading boom

That's not capitalism, it's "Socialism with Chinese Characteristics!".

dittybopper: That's not capitalism, it's "Socialism with Chinese Characteristics!".

saintstryfe: Next thing you know, Madagascar will close the ports!

Shut

Down

Everything.


/cough

spiderbarks: So when did John Hinderaker get a byline? Isn't this the same man that said "[George W. Bush]A man of extraordinary vision and brilliance approaching to genius..."

You're talking about the same newspaper who gives a byline to freaking Dick Morris. His level of douche approaches Karl Rove, with less competence to back it up.

erik-k: Since this thread is young, I'd just like to point out that the only thing Communist in China is the name of the ruling party. If you think otherwise, you've not been paying attention.

It's just a straight authoritarian government now.

I live in China, so I'm really getting a lot of agreement out of your post.

/However...
//In many ways, the Chinese government stays out of the way of peoples lives more than the US government does
///as long as the people don't do certain things

yarnothuntin: China's not a problem. Nor is Mongolia. Roosevelt has just successfully "liberated" their iron and horses. Now, Rome... Rome is an issue.

No sh*t. Plus Hammurabi just finished researching Feudalism while my dumb ass was stuck on Sanitation.

An honest question:
Why doesn't the US implements the same trade barriers that China imposes in other countries (The US included), so that we could reduce the trade deficit?

NewportBarGuy: HAHAHAHAHAHA....

No. China has no power. If they sell their holdings and their U.S. dollars, the U.S. economy implodes. Along with that goes their largest trading partner.

They'll make a lot of noise, but they won't do shiat, fiscally.

They will do what they can to save our economy and make good on their investment. They see us as AIG executives wildly spending the bonuses they just gave us.

How is this ironic? If there's one thing Communists know, it's how to impose fiscal discipline:



Where is your ration coupon, comrade?

NewportBarGuy:
HAHAHAHAHAHA....

No. China has no power. If they sell their holdings and their U.S. dollars, the U.S. economy implodes. Along with that goes their largest trading partner.

They'll make a lot of noise, but they won't do shiat, fiscally.


One and done.

The funny thing is, it wasn't that long ago that the United States asked the Chinese to not tie themselves so closely to us. Did they listen? No. They invested more. And now they are so vested in the United States that their economy depends entirely upon how ours is doing.

If the United States can get off the cheap Wal-Mart crap we'll be fine and they'll still depend on us.


/Even in a recession/depression it's good to be American

magores: erik-k: Since this thread is young, I'd just like to point out that the only thing Communist in China is the name of the ruling party. If you think otherwise, you've not been paying attention.

It's just a straight authoritarian government now.

I live in China, so I'm really getting a lot of agreement out of your post.

/However...
//In many ways, the Chinese government stays out of the way of peoples lives more than the US government does
///as long as the people don't do certain things

Yeah, business wise China is more wild west than the US. The police sometimes won't even go into a factory without the owners permission (as an NPR reporter figured out when a manager spotted him being given a tour and held him there because he was "spying.").

I think in mid to longterm, China will benefit most from the current crisis. They have gained influence in the world as they are needed to solve the crisis, and they have a technocratic government that might be communist in name but are far from stupid. Furthermore, they are not hampered by democratic institutions slowing down implementation of or diluting necessary measures, and they are prepared to do this harshly if they have too.

China is continuing to make huge, really huge, investments in infrastructure, education and even environment, what I see happening around me everyday here is still simply amazing.

I have no doubt whatsoever they will come out from this crisis stronger and more powerful. The current crisis might even be a very important turning point of china and signifying the start a considerable shift of economic power and wealth from the West to China.

erik-k: Since this thread is young, I'd just like to point out that the only thing Communist in China is the name of the ruling party. If you think otherwise, you've not been paying attention.

It's just a straight authoritarian government now.

I say give them some credit...they found the only way to make a communist government work.

The US needs to enact some bitter medicine to balance its budget and reduce the debt.

The right is already howling about plans to increase taxes on the top 2 or 3% of income earners. What are the chances of introducing a consumption tax or increasing payroll taxes, if needed?

On the spending side, the left won't easily allow cuts in social programs and the right will fiercely resist reductions to the military.

Fiscal discipline. It'll take politicians willing to risk their own jobs. How likely is that to happen?

But Cammillus not only declined the offer, but had the teacher stripped and his hands tied behind his back, and then had a rod put into the hands of each of the children wherewith he directed them to whip him all the way back to the city. Upon learning this fact, the citizens of Faliscia were so much touched by the "humanity" and "integrity" of Camillius, that they surrendered the place to him without any further defense.