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This is what you get for dlcking around
China calls for 'de-Americanised' world economy in wake of US shutdown, debt stand-off - Australia Network News (Australian Broadcasting Corporation)
The world has finally said we have had enough of irresponsible behaviour after having caused the GFC and trying it on for a second time, the message is loud and clear
The Chinese have been calling for a de-Americanised world for years . Does this mean that when the debt limit and shut down is resolved that the Chi-coms will again embrace America ? Maybe the world will instead embrace their potamkin economy.
Tom you fail to see reality, they have much to loose if your government defaults or your currency takes a serious hit. They don't like the exposure because they understand the irrationality of your actions and they are a serious trading partner so it will have big impact on their economy if there is another economic decline. Now seriously they are not the only ones with much to loose. Germany and Japan are also very nervious and so are the Saudis. You may not think this is of much consequence, but you are not alone in this world and you no longer rule.Quote:
Originally Posted by tomder55
They will be paid .their holding of our debt is not in danger . Maybe we should make their phony currency ,the Yuan Renminbi the reserve currency ? Bwaaaaahaaaahaaaaa !
You would think that if they wanted to protect their investment then they would support strong dollar fiscal conservative types who are trying to reign in excess US spending .
Instead they love the emperor... who agrees that the world should be de-Americanized, and who is trying to de-Americanize America.
Hello tom:
If the Republicans destroy the dollar, watch for Bitcoin to become the next worlds currency.Quote:
Maybe we should make their phony currency ,the Yuan Renminbi the reserve currency ?
Excon
The dollar is already destroyed . It has been since Bernanke adopted a weak dollar policy and started monopoly money QE pump priming .
Right, what could go wrong there?Quote:
Originally Posted by excon
Let's think about that . Since the end of WWII the US has been the guarantor of many things... The economies of the world ,the free shipping of commerce .The security of many nations have been subsidized by the US taxpayer ,leaving them free to spend minimally on their own security while they invested instead in their failed nanny state social systems.Quote:
Now seriously they are not the only ones with much to loose. Germany and Japan are also very nervious and so are the Saudis. You may not think this is of much consequence, but you are not alone in this world and you no longer rule.
What China means by a de-Americanized world is a world dominated by China... they certainly isn't talking about a new Aussie era... or any other combination of Western nations.
LOL, funny you say that, my next door neighbor here in CHINA, is a Aussie.
Fiscal conservative types cannot add, read polls, and have a broken business model they worship. Less spending and more austerity equals contraction of everybody's economy. That's the result of this trickle down experiment that has failed over and over again, and led to one economic crisis after another.
You are exporting chaos and uncertainty to the world, by holding on to the notion you can destroy what the majority wants, and keep what you want as you shrink to noisy minority status. The few ruling the many will FAIL.
Oh the irony.Quote:
Originally Posted by talaniman
Another example that trickle down economics is a FAILURE. QE would have worked better being directed at MAIN STREET, instead of the already rich hoarders, and thieves.Quote:
Originally Posted by tomder55
Conservatives are being lead astray by no nothing wingers, and greedy self serving pirates. But without TParty votes and enthusiasm, there is no republican party. And you know it.
What's funny is that you still think Keynesian pump priming works at all.
Sure it does, and keeps rich guys honest with higher taxes. That's why you guys hate it. You can't hoard as much and have to work for your money.
You would rather lie, and call yourselves job creators. Profit and cheap labor is your bread and butter, and "normal business cycle downturns".
You want to spur small business, you have to buy stuff. Progressives ain't buying your right wing BS, and your fear of the loony's.
Yes Chuck we get around Tom doesn't realise we own more than half the uranium reserves in the US as well as our own vast deposits. We have a very real stake here Tom small though we are your pump priming has done serious damage to our export industries and it must be so for others too. We also need to ditch the american dollar standard to bring stability in pricingQuote:
Originally Posted by Fr_Chuck
What do you have in mind ? The Bung Buck ?Quote:
We also need to ditch the american dollar standard to bring stability in pricing
Well, Tom it doesn't take a genius to see the system is broken and that the US cannot be responsible in maintaining the stability of the currency being used as an international standard of payment. We have tried various standards, the Gold standard, Sterling and the US dollar, none have stood the test of time so what it takes is the value of each currency to be pegged to an international standard. Perhaps a trade weighted basket of international debt so that no country can manipulate its currency as the US has done in recent years. This would of course mean that the US, with the greatest debt, would have the lowest valued currency and would be forced to get its house in order or recognise that it too is a banana republicQuote:
Originally Posted by tomder55
Fix the broken business model that we have exported to the rest of the world. Tie corporate taxes to wages and employment. Higher taxes for job creators who don't create good jobs. Lower ones for those that do.
Conservatives are trying to get the fiscal house in order . It 's the libs that want to increase spending and build up the debt . The latest from the emperor is that he won't agree to a deal that leaves the sequester intactQuote:
and would be forced to get its house in order or recognise that it too is a banana republic
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