Discussion in 'Current Events' started by Annie, Nov 11, 2009.
Is China headed toward collapse? - Eamon Javers - POLITICO.com
This is disquieting:
Interesting proposition, and worrisome. I cannot say I would be surprised if the Chinese government was cooking its books, as it is responsible only to itself. Who would risk re-education to challenge Chinese government officials?
They have ordered their people to consume. Every home needs two television sets and three radios. Eventually the Chinese will have no further capacity to buy. Meanwhile China is shipping less and less product to American markets.
if china collapses our debt to them colappses with it.....total write offf.....one has to wonder if this economic "war" was created by the poers that be for just such a purpose....
the us took out the soviet union in a similar fashion....
They also spent heavily on developing 100's of new cities to support more industrial growth, drawing people out of rural areas (hopes of that is). They've also permitted 'sex shops' that now outnumber Starbucks in most major, western cities. So, I guess their is some real consumption of (government induced) commercial 'stuff'.
It is possible.
China has excess capacity in manufacturing and a rotten financial system.
And what would happen to our debt to them?
What happened to the American debt to Japan during the lost decade?
Duplicate thread. See China=Enron.
Why would we repudiate our own debt if they collapsed?
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