ashokkumar
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I don't feel China can really do something considering south china sea almost all lost control and taiwan people tending to independence.
Indian politicians have no time mate, They are busy inaugurating statutes in public gardens.CHINA: Back to Containing India?
India has to respond with appropriate foreign policy and military diplomacy. The recent initiative to refurbish the Maldives’ air force is a good beginning. But apart from Pakistan, where some amount of hard line is necessary, diplomacy with most other SAARC countries calls for greater maturity. No country should be lectured publicly as to what is good for them. This is not a supercilious observation.
(The author is an analyst with many years of experience. He can be reached at [email protected])
this is really the saddest partIndian politicians have no time mate, They are busy inaugurating statutes in public gardens.
Yes, these countries are doing that in big amounts, and that Hong Kong & Singapore (these 2 have highest per capita foreign reserve in the world) too.Japan, SK, Taiwan are all countries that still buy US debt.
China buys almost 10 times the amount Korea and Japan buysJapan, SK, Taiwan are all countries that still buy US debt.
Yes, China surpass Japan. 10 times? Seems not, I guess Japan has $400B, China has $700B, a bit less than double. Anyway such data are publicly available on the net.China buys almost 10 times the amount Korea and Japan buys
and has passed Japan to be #1 while Japan has been a buyer for 40+ years
China Tops Japan in U.S. Debt Holdings - washingtonpost.com
There is a big limitation to the pension funds also and a dangerouse propositions. If the US gov't starts to rely more on this pension funds it will gear itself for more socialist society, which 50% of US citizens do not want. The above article is correct, that US needs to stop the spending, and the Obama administrations has completly done the opposite.Yes, China surpass Japan. 10 times? Seems not, I guess Japan has $400B, China has $700B, a bit less than double. Anyway such data are publicly available on the net.
China government's answer? I guess they have some, but seems nothing close to perfect cure! One solution is to re-sell (the debts have good liquidity in dollar) to other countries in exchange for material assets like oil. US debts is not completely dangerous, if you believe US can survive. Guess who are the biggest buyers? They are pension funds, i.e. millions of Americans. The debts can't become junk or it is armageddon to USA.
Yeah exactly, spendings should be controlled, reforms should start e.g. heath insurance, defence. I won't underestimate their wisdon and good will. However, Obama being an non-main-stream idealist, a loner, has to face the cold hard fact that the powerful status-quo-beneficiaries wouldn't let him destroy them easily.There is a big limitation to the pension funds also and a dangerouse propositions. If the US gov't starts to rely more on this pension funds it will gear itself for more socialist society, which 50% of US citizens do not want. The above article is correct, that US needs to stop the spending, and the Obama administrations has completly done the opposite.
Anyways there is another solution to the problem and that is tax reforms. There is an idea of imbedded taxes that is floating around that can solve numerous problems and bring the economy back, but it is going to be hard because of this stupid politicians are in for themselve, and also the 16th amendment has to killed.
many US institutions are strictly avoiding US debt, many funds advertise that have no toxic debt holdings to attract investors, and US government is buying some of their own debt but it reached a point where they cannot keep up what they are printing, historically US debt was 10-20% of GDP it is approaching 100% of GDP still less than nations like Japan but unhealthy especially with a depreacting currency. China has suffered a double blow in the sense they have a huge amount of a depreciating asset that has a few buyers and a decrease in value of their dollar reserves 45% from the decreasing currency, many other nations are in the same boat but USA seems to advertise that China will pull them out of this which becomes a burden on china to be possibly having to buy more depreciating assets. There would be no danger if things remained the same but the way US government is spending they are inviting trouble down the road.Yes, China surpass Japan. 10 times? Seems not, I guess Japan has $400B, China has $700B, a bit less than double. Anyway such data are publicly available on the net.
China government's answer? I guess they have some, but seems nothing close to perfect cure! One solution is to re-sell (the debts have good liquidity in dollar) to other countries in exchange for material assets like oil. US debts is not completely dangerous, if you believe US can survive. Guess who are the biggest buyers? They are pension funds, i.e. millions of Americans. The debts can't become junk or it is armageddon to USA.
Japan is a special case. The government has huge debt, but the nation as a whole has huge reserve and foreign assets (as reflected in their GNP). A typical case of rich citizens, poor state.many US institutions are strictly avoiding US debt, many funds advertise that have no toxic debt holdings to attract investors, and US government is buying some of their own debt but it reached a point where they cannot keep up what they are printing, historically US debt was 10-20% of GDP it is approaching 100% of GDP still less than nations like Japan but unhealthy especially with a depreacting currency. China has suffered a double blow in the sense they have a huge amount of a depreciating asset that has a few buyers and a decrease in value of their dollar reserves 45% from the decreasing currency, many other nations are in the same boat but USA seems to advertise that China will pull them out of this which becomes a burden on china to be possibly having to buy more depreciating assets. There would be no danger if things remained the same but the way US government is spending they are inviting trouble down the road.
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