The Magic Café
Username:
Password:
[ Lost Password ]
  [ Forgot Username ]
The Magic Cafe Forum Index » » Not very magical, still... » » BBC Wikileaks Documentary Reveals How Beholden the US is To China (0 Likes) Printer Friendly Version

General_Magician
View Profile
Special user
United States
707 Posts

Profile of General_Magician
Well, it's what I have said all along. The Chinese strategy is essentially offering US companies cheap labor markets while on the same token China has become the biggest creditor of US debt. Chinese loans basically saved the US from financial collapse that the greedy banks helped to bring about a few years back. But the problem with that is that the documentary shows the Chinese basically ignore US concerns now because of the leverage they have over us and we go out of our way to keep them happy, even betraying our own ideals as China continues to abuse human rights. The Chinese and the US both know that it is very difficult for the US to get tough with China when China is America's banker: http://www.youtube.com/watch?v=CRRFMVPo9m4 . Chinese strategy is classic Asian Go strategy of increasing one's own options and leverage while decreasing the options and leverage of your opponent.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown

Company Website
Facebook Business Page
Twitter Business Page
Michael Baker
View Profile
Eternal Order
Near a river in the Midwest
11161 Posts

Profile of Michael Baker
Did anyone doubt this for a minute? "You order s***, you eat s***!
~michael baker
The Magic Company
tommy
View Profile
Eternal Order
Devil’s Island
16031 Posts

Profile of tommy
Smile

We know **** was ordered and **** arrived, our question is, who ordereded this **** for us?
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
landmark
View Profile
Inner circle
within a triangle
4923 Posts

Profile of landmark
Enormous tax cuts for the wealthy; the payments had to be made up somehow. So, borrow from the rich banks and the Chinese. That sums up US fiscal policy since at least 2001.
irossall
View Profile
Special user
Snohomish, Washington
529 Posts

Profile of irossall
For years I have been laughed at and riddiculed because I have been saying exactly what the video is saying. But then again I am a Biggot or Racist because I did not vote for Obama and I am anti-American because I want to preserve and use my Constitutional freedoms.

The Chinese have stated several years ago that they were going to the moon and set up a permanent outpost there.
This subject just came up yesterday on my favorite talk show and I was shocked by the people who are cheering for the Chinese and wishing them the best of luck setting up shop on the moon. I think this is very dangerous and I have been saying for years that whoever can set up post on the moon will have a military advantage in future wars.
Iven Smile
Give the gift of Life, Be an Organ Donor.
Magnus Eisengrim
View Profile
Inner circle
Sulla placed heads on
1064 Posts

Profile of Magnus Eisengrim
"Reveals" or ""asserts"? Speculations are cheap; well-supported conclusions should be harder to come by.

BTW China is not the biggest creditor of US debt. The USA is.

Image


Of the portion that is foreign-held long-term debt, China is the largest creditor.

Image


John
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.--Yeats
General_Magician
View Profile
Special user
United States
707 Posts

Profile of General_Magician
Quote:
BTW China is not the biggest creditor of US debt. The USA is.


Well yeah of course. But China is the biggest foreign creditor of the US. It's why the US is nice to China. It's no mistake the US itself regards the amount of US debt that China owns as a "national security threat." I agree, it is a national security threat and it gives China leverage over the US, limits US options when dealing with China, while on the same token it gives China more options when dealing the us. This is the reason why China has been ignoring our concerns. Very tough for the US to be tough on it's banker that it owes so much money to. It's classic Go strategy that China has engaged in which has enabled them to sidestep US military superiority and gain the upper hand, all without ever having to fire a shot. Many Western thinkers are still stuck in that Chess frame of thinking when it comes to strategy and not understanding their enemy and how he views strategy (which is more of a Go type thinking towards strategy). The lesson of "it's better to outsmart rather than outfight your enemy" applies here and it seems China has learned that lesson and taken heed to it.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown

Company Website
Facebook Business Page
Twitter Business Page
tommy
View Profile
Eternal Order
Devil’s Island
16031 Posts

Profile of tommy
Business has no national identity, America, China, wherever, it's all the same to them. The Big boys, if you haven’t noticed, call themselves World Citizens. They think of the public as peasants. To them the America or China peasant is all the same. Yet the peasant tends to think Business is patriotic or care about them something. They don't! Once you get though your head it helps you see and understand it all better. Even if you have a cool government they have little control over big business. If business decides make China the manufacturer for the world and America the farmer that is just what will happen over time. If you think about it from a Business point of view, as the world was one big business, the China peasant is perfect for being the manufacturers. The America peasant are more inventive maybe. Anyway Business have worked all this out years ago and we peasant are watching the Business plan unfold. I don't know what we peasant do about it but it would be nice know what the Business plan is.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
NYCTwister
View Profile
Loyal user
267 Posts

Profile of NYCTwister
Not being an economist I always wondered what exactly would happen to the US if we defaulted, preferably intentionally.
If you need fear to enforce your beliefs, then your beliefs are worthless.
General_Magician
View Profile
Special user
United States
707 Posts

Profile of General_Magician
Quote:
On 2013-12-19 20:01, NYCTwister wrote:
Not being an economist I always wondered what exactly would happen to the US if we defaulted, preferably intentionally.


I am not an economist either, but my thoughts are that it would not be good for us if we defaulted. You always have to pay the piper and if you don't, you pay with more serious long term consequences. Essentially, it was Chinese money, lent to us by the Chinese that bailed out our banks when the financial meltdown happened. I think it would be a good idea to buy back some of that Chinese owned debt. I guess we could have just printed money to bail out the banks after the financial meltdown but then you would have much higher inflation too, which would reduce the buying power of most people's money (except for most of the rich who know how to hedge against inflation when investing their money).
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown

Company Website
Facebook Business Page
Twitter Business Page
tommy
View Profile
Eternal Order
Devil’s Island
16031 Posts

Profile of tommy
What happens in a US debt default?

http://www.bbc.co.uk/news/business-24453400
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
NYCTwister
View Profile
Loyal user
267 Posts

Profile of NYCTwister
[quote]On 2013-12-19 21:14, tommy wrote:
What happens in a US debt default?

http://www.bbc.co.uk/news/business-24453400


"This would prompt interest rates around the world, which are often tied to those of US Treasuries, to spike."
"Furthermore, the impact on the US's creditors could be dire. Japan, for instance, owns about $1.14 trillion of US debt - which is equivalent to 20% of its annual economic output."

Sounds like the old cartoon where the pelican is trying to swallow a frog but can't, because the frog is holding it by the throat.
If you need fear to enforce your beliefs, then your beliefs are worthless.
The Magic Cafe Forum Index » » Not very magical, still... » » BBC Wikileaks Documentary Reveals How Beholden the US is To China (0 Likes)
[ Top of Page ]
All content & postings Copyright © 2001-2020 Steve Brooks. All Rights Reserved.
This page was created in 0.14 seconds requiring 5 database queries.
The views and comments expressed on The Magic Café
are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic.
> Privacy Statement <

ROTFL Billions and billions served! ROTFL