There's nothing to hedge. They can't possibly even out the dollar exposure, especially the double-down exposure since the US buys 1/3 of their stuff. If they US doesn't buy it, who will?
There's nothing to hedge. They can't possibly even out the dollar exposure, especially the double-down exposure since the US buys 1/3 of their stuff. If they US doesn't buy it, who will?
Eh I don't ever see it in their plans to truly try to bring up the living standards of everyone. China is so large that its essentially an empire within itself. So as long as the cities are the advanced modern locations where the entire power bases are located, the rest is simply migrant workers upon which the country is built on. They'll wait for the population to drop and then slowly incorporate people into their main cities if its in their interest to do so.
That said a LOT of countries have major problems facing them. Not just the US and China. And this is ESPECIALLY true when it comes to water (and where battles are already being fought - like Israel's policy to secure water)
That said a LOT of countries have major problems facing them. Not just the US and China. And this is ESPECIALLY true when it comes to water (and where battles are already being fought - like Israel's policy to secure water)
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
I don't think it's so much that China will overtake the U.S. as it is that the U.S. is going to atrophy. When you destroy your nation's economy through global labor arbitrage, that can happen to you.
Patranus
Diamond Member
- Apr 15, 2007
- 9,280
- 0
- 0
Are you sure about that?
https://www.cia.gov/library/pu...ankorder/2078rank.html
You also fail to address the issue of doing all of this with deficits while other countries (CHINA) can do with with budget surpluses.
You mustn't discount the fact that as they obtain a greater slice of the pie,
someone is losing a portion of theirs. Who would you think would be losing part of their portion?
Would it ultimately be the one with the most disproportionally large piece?
Also as their proportion grow their sphere of influence on other countries and the access to resource control does also, so there's multipliers involved in such an equative formulation.
Power projection ability, the ability to militarily occupy other countries either through political pressure, economic pressure or out and out offensive military force.
Also I think your leaving out the EU's potential for growth in the pie also, remembering germany is the worlds largest export economy. Anti-Americanism/Neo-Imperialism isn't just about ideological, political or military interference with other countries, I believe it's primarily about economy and resource control issues.
So as other emergent countries come to get their slice, their effect is also apart of the conglomerate of the pie which squeezes the American portion of that economic pie. I noticed ex-president bush put some energy into india and I would think obama will do the same.
I think its mostly rationalizing the American portion, It's ironic how vampire themed sitcom's and movies are so popular these days.
DrPizza
Administrator Elite Member Goat Whisperer
I think that the attitude in our country concerning China is very complacent. After WWII, many parts of Europe had been bombed back to the stone age. Look at Japan's capabilities at the end of WWII. Look at where Japan was economically by the mid to late 1980's. Europe is once again the wealthiest region in the world. Does China have a lot of problems that they have to overcome? Sure. One thing though that seems to really get forgotten a lot - a completely different cultural attitude toward learning/education. And, you can talk about percentages of money spent on education, etc. But, the sad truth is that the TOP 10% of students in China (and India) outnumber ALL of the students in the U.S.
Worse, American companies are relying more and more on intellectual capital overseas. Sure, we still have the financial capital, but we seem to have given up on learning math and science in the US, at least compared to our counterparts overseas. More and more of the top degrees in math, science, and engineering are going to foreigners. Meanwhile, the number of remedial level college courses is booming - something unheard of 30 years ago. I recently read two articles - editorials to a large degree, but still filled with a lot of accurate facts - two of them are worth a read:
http://www.fredoneverything.net/Foreigners.shtml
http://timesofindia.indiatimes...articleshow/403427.cms
actually, the 2nd isn't really that editorialized at all.
China could easily surpass us economically within 30-40 years.
Worse, American companies are relying more and more on intellectual capital overseas. Sure, we still have the financial capital, but we seem to have given up on learning math and science in the US, at least compared to our counterparts overseas. More and more of the top degrees in math, science, and engineering are going to foreigners. Meanwhile, the number of remedial level college courses is booming - something unheard of 30 years ago. I recently read two articles - editorials to a large degree, but still filled with a lot of accurate facts - two of them are worth a read:
http://www.fredoneverything.net/Foreigners.shtml
http://timesofindia.indiatimes...articleshow/403427.cms
actually, the 2nd isn't really that editorialized at all.
China could easily surpass us economically within 30-40 years.
those figures are confusing as there is many eu member countries there and the eu, when you add those member countries up, the total is much more then the eu total, must be excluding those members on that list I guess.
It still put germany as #1 all the same with china close second with regards to individual nations.
So the Usa relies heavily on capital holdings and productive assets to produce GDP- through "investment" in foreign resources- eg: Indonesian gold mining or oil production, little wonder USA set up Suharto.
And we still wonder why there is terrorism?
5150Joker
Diamond Member
What does the US produce these days? All it has going for it is a dying service sector which India is slowly taking bit by bit. The manufacturing base left for China long ago. America's remaining industry (e.g. cars) is in shambles, the financing sector is sunk, housing bubble burst, jobless rate at a record high and we continue borrowing from China. Wake up and smell the coffee. China already passed the US in power, America is a dying relic. In another 15 years, China will likely surpass the US in military strength as well--keep in mind they do not disclose their real military expenditures and we cannot sustain our current rate of expenditures. They are a growing economy, we are a shrinking one. If China gets control of Taiwan (which they will eventually), it will further consolidate their position as a superpower. The days of anglos being at the top are pretty much over but hey, everyone reaches their peak and falls, it's a cyclical thing. The Moores 600 years ago were on top of the world too and look at them today.
this would likely not have a very big effect, actually. bond prices would drop about 10% in the short term then rebound as the market restabilized.
russia has the tech thats on par with the us/uk/france, just not the money/organization to implement
as has been pointed out, the us is still the worlds primary producer, especially of capital and durable goods.
and all these problems are getting better (excepts jobs which is 6-12 months out), furthermore we are not a record unemployment, not even close
china is still the weakest of the un security powers. dying relic, what are you some sort of china shill? We already have one of those here.
seriously, not even close. china is a decade+ away from being even a secondary military power globally, at best now its a tertiary power, on par with iran, pakistan, or india.
China is no where near the US in power. In military expenditures, the US is around $600 billion while all generous estimates put China at around $250 billion (they claim its about $70 billion). The Us has the ability to project their power anywhere in the world within the hour, China can barely even complete field exercises that involve their airforce and ground forces. All estimates put China at about 25-30 years behind the US militarily. China doesn't even have the means to wage any type of war outside of their neighboring countries. Until China can project their power half way across the globe, the US doesn't have to worry about China passing the militarily.
Yes, their economy is growing faster than ours, but their GDP is also $10 trillion lower than ours. Sure, we a shrinking economy currently, because it is a recession. Most countries economies are shrinking right now, or have shrunk in the past couple years. As for most of our service sector going to other countries? There is much, much more to our service sector than call centers and help lines. Most of our service sector cannot be moved to other countries.
That's the way stiff upper lip and be optimistic there, ol'boy!
While your weapon's tech remains A1, the USA will remain the worlds greatest arms exporter(durable goods? or do mean a maytag fridge that cost $10,000? I'd buy a skope' any day over that glorified yank esky) and military power that's undisputed fact, but it is a little disconcerting that your country is importing a lot of the scientists to hold the winners cup in those areas which float your economic boat, what happens if those people repatriate and take with them the ability to accelerate their own countries development of such production? there's no place like home!
Nobody is here supporting china's totalitarian dictatorship.
china is to Marxism, what the USA is to democracy.
The USA has toppled the governments of 50 countries, many of who where democratically elected ones, none of it is forgotten by those countries and observing nations, as the USA's economic clout swaggers, so will it's ability to pressure others to do things that aren't the most beneficial choices for those countries, like selling out their natural resources for a very small cut of its value.
USA buys 66% of the oil it consumes, but the price it actually pays through private ownership of the mining companies overseas is well short of what your average joe citizen of the worlds pays, so as the EU nations economically rise, so will the private holding by Europeans in those companies and that's why the USA's grubment is so entrenched in trying to stop state ownership of mineral, oil and gas resources internationally, it's ironic when a chinese corporation tries to make a take over bid for such resources corporations.
The USA has done this to my very own country, Australia, include major covert political interference in Australia's domestic politics. Such resources should never be just sold off at the expense of that nation own economy and with excise taxes being so low, any government in its right mind wouldn't let it happen. The USA's corporatocracy has stood over most of the worlds natural resources with bribes or bullets and you would be an absolute fucking idiot cockhead not to understand that as fact.
Do you think that's a fair enough thing to do?
Anti-Americanism isn't about the hatred of American citizens its about hatred of the capitalist system of exploitation.
Lets not even start with the USA/Australian trade agreement. If there was real free trade you wouldn't have a steer left in texass.
Chinese shill! Seriously your a fucken' shitcunt!
And those oil companies don't just rip off our public, they also rip off your public.
The percentages in royalties are ah heck all!
http://www.aol.com.au/news/sto...ase/1860991/index.html
The percentages in royalties are ah heck all!
http://www.aol.com.au/news/sto...ase/1860991/index.html
Svnla
Lifer
- Nov 10, 2003
- 17,986
- 1,388
- 126
Superpower in military? No way.
1. China has no powerful Navy and zero carriers. How are they going to transport troops and planes for the long haul across the oceans? How are they going to attack someone from thousand of miles away?
2. China has almost no nuclear powered/sophisticate submarines or the ability to detect such submarines.
3. Highly train pilots and sophisticate planes? Not China.
Edit:
4. China has no high level of sophisticate intelligence gathering or communication via satellite and GPS.
5. Lethal and high tech weaponry research and development and manufacturing is still years, if not decades, behind the US.
Also don't forget about internal problems in China such as minorities, the HUGE gap between the filty rich and the penniless poor, rampart corruptions, and how to feed and get jobs for billions of Chineses.
1. China has no powerful Navy and zero carriers. How are they going to transport troops and planes for the long haul across the oceans? How are they going to attack someone from thousand of miles away?
2. China has almost no nuclear powered/sophisticate submarines or the ability to detect such submarines.
3. Highly train pilots and sophisticate planes? Not China.
Edit:
4. China has no high level of sophisticate intelligence gathering or communication via satellite and GPS.
5. Lethal and high tech weaponry research and development and manufacturing is still years, if not decades, behind the US.
Also don't forget about internal problems in China such as minorities, the HUGE gap between the filty rich and the penniless poor, rampart corruptions, and how to feed and get jobs for billions of Chineses.
holy crap your dumb. (Australian was right with us on alot of those 50 overthrown governments btw) what does your post have to do with mine, anyways?
Well, only if you're Dr. Evil.
In any case, China has enough nukes to cause long-term damage to the entire world. Maybe not "melt the crust of the Earth" like the US/Russia, but still, there's not much difference between 500 nukes and 5,000 nukes going off. You are still talking about the destruction of modern civilization. Sure, the initial dead might be a bit lower, but the eventual outcome is about the same.
Please provide proof that their top 10% are better than any of our students. Or are you stating that 10% of their student population is a greater number than all of the students in the US which would be true, but that has no bearing on the level of education because their combined population is 5-6 times greater than the US.
PJABBER
Diamond Member
- Feb 8, 2001
- 4,822
- 0
- 0
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 24K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter