Who owns America? Hint: It's not China

Discussion in 'China' started by Ray, Jul 27, 2011.

  1. Ray

    Ray The Chairman Defence Professionals Moderator

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    Much is said about US' global debt and how it is China which is calling the shots to the US' future.

    This article indicates that it is not China which is in the driving seat, but the Americans themselves.

    If this be so why the brouhaha that China is looming over the US debt?

    In fact, if the US sinks, China will also sink,but to a lesser extent and so it appears that inspite of China tomtoming about US being in its pocket, it is not so.

    In fact, China is already proving to be in dire straits, now that owing to the workers' greed for better pay and perquisites, it has become uneconomical to do business in China, resulting in industries shifting to Vietnam and India.

    I have no head for figures. So, can someone who understands this tell us the true picture in simple terms?
     
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  3. ace009

    ace009 Freakin' Fighter fan Elite Member

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    Worker's greed? You mean their demand for humane working conditions and human wages? Not to be treated like slaves and not to work like bonded labourers' wages? You mean asking for health-care benefits, especially against occupational hazards? You mean that greed which is driving them to ask for more than two bathroom breaks and more than one meal break in a 12 hour shift of hard manual labor?
    Hmmmm - that is indeed SAD!
    What is the world coming to, when the "Peoples govermnet" cannot help the rich exploit the poor anymore!
    In such times I guess I will have to buy my flip-flops for more than a dollar a pair and pay more for my kids toys than a cup of Starbucks coffee! The horror!
     
  4. sky

    sky Regular Member

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    They may not own america but they own enough to pressurise them on certain matters.

    What i don't understand is why india has so much of it's foreign reserves in dollar's . At a time when the dollar is weak.

    It's been no secret of gold rising in value for more then 3 year's now ,if more Indian reserves where in gold the RBI would have made a good profit from it. Gold was $600per ounce a few years ago,and rising ....
     
  5. redragon

    redragon Regular Member

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    The default of US treasure bills will cause chaos for sure in short-term, the long-term effect remains unknown, that is why China keeps buying it to try to have more control for future purpose.
    One thing for sure though, the conclusion of saying China will be hurt the most is laughable, in short or long-term, USA is the one will be hurt the most, we are talking about it's treasure bill and currency and it's people who are holding those the most...
     
  6. SHASH2K2

    SHASH2K2 New Member

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    I have been saying this from some time that real holders of american debt are american government arms and subsidiary itself . If USA default it will affect common Americans most. If it defaults china seledctively it will amount to trade war and will openly invite for retaliatory actions and arbitration as well.
     
  7. redragon

    redragon Regular Member

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    And China today is holding the largest producing capability in the world, my money is on China for the long-term effect if the USD were to crash now. But I am not very sure about if I can win, just it looks like a highest posibility at this time. Who nows? Maybe if the crash happened every rich man and scientist emmigrate to Australia or Canada and push them to the top in the coming 30-40 yrs.
     
  8. Blackwater

    Blackwater Veteran Member Veteran Member

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    Saudis owns Amreeeka as far as i know.....:nod::nod::nod:
     
  9. redragon

    redragon Regular Member

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    Hmm, Is that the reason Saudi provided the largest share of Terrorists? they like to attack their own assets? Or they are fighting a civil war???? Confused. :(.
     
  10. Ray

    Ray The Chairman Defence Professionals Moderator

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    An interesting thought.

    Since there will be a recession, less with be the demand for products and China banks heavily on exports.

    If the US and the West have a tacit understanding to not buy anything Chinese, what will be the outcome?

    The Chinese economy will be badly hit. It will render many to fold up and many becoming unemployed. After a decade of relative luxury, then suddenly becoming poor, it will have a serious social and political consequence. The CCP will do nothing to have such a volatile situation on it s hand.

    If alongside the US (and they are capable of doing this) fan the rebellion in Xinjiang and Tibet, with a small confrontation in the South China Sea, imagine the money that China will have to waste to quell these rebellions and also combat it out in the South China Sea, even if it is minor confrontation.

    Long term or short term, the international situation does not appear comfortable.
     
    Last edited: Jul 27, 2011
  11. Blackwater

    Blackwater Veteran Member Veteran Member

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    You are wrong, its your foster son Pakistan who provide pure breed of terrorist in the world. they have the largest share of attacking there own assets. Look at there economic situation, dilapidated infrastructure,railway am i missing something ??:confused::confused::confused:
     
  12. Ray

    Ray The Chairman Defence Professionals Moderator

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    Pakistan is the factory, the financier is KSA.
     
  13. sandeepdg

    sandeepdg Senior Member Senior Member

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    Sir, as of now and even in the near future, there's no country on the planet, that can match the massive industrial infrastructure which makes production all types of products cheap, as is present in China. So whether we like it like it or not, the world will continue to buy from China at least for a considerable period of time, since no matter how expensive the labor costs in China become in the future, they will still be cheaper than anything in the west, I suppose.
     
  14. Blackwater

    Blackwater Veteran Member Veteran Member

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    Well my comment about saudi owns ammerica is based on an documentry by BBC just after 9/11 happened. Try to find out in youtube will post
     
  15. redragon

    redragon Regular Member

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    I think you did, Saudi's citizens stand for high percentage of Al qaeda members. and their beloved and late leader: Bin was a Saudi's citizen as well. Pakistan on the other hand is still the ally in anti-terrorism according to US of A.
     
  16. redragon

    redragon Regular Member

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    Interesting thinking, will you be the one to convince all people from developed world to pay higher price on the staff they are using on daily basis, especially when the unemployment rate is 10%+? If it's so easy like what you put, Obama would have done this long time ago, don't be naive, you should be better than that.
     
    Last edited: Jul 28, 2011
  17. SHASH2K2

    SHASH2K2 New Member

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    If USA default there will be revaluation of all major currencies in the world. DO you think chinese currency will remain undervalued the way Government has managed them? answer is no and that will make Chinese export costlier.
     
  18. redragon

    redragon Regular Member

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    and the so call USA and West have their own agenda, it's true they don't like China, but that does not mean they won't stand along side China from time to time for their own interest. Till now the biggest conflict is still between USD and Euro, If you miss this one, you are not qualified to talk about geographic politics.
     
    Last edited: Jul 28, 2011
  19. redragon

    redragon Regular Member

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    But still in 5-10 yrs I don't see any country to replace China in the chain, those foundations laid down are not easy to build over night, but who knows in longer term, maybe USA will recover after hard working.
     
  20. The Messiah

    The Messiah Bow Before Me! Elite Member

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    If the yanks default...then it will effect the entire world.

    But we'll be the least affected by it.
     
  21. ace009

    ace009 Freakin' Fighter fan Elite Member

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    Dude - you should understand the following about Saudi Arabia -

    1. The Saudis are an extremely tiered society - There is the royal family and their relatives (the top tier, Billionaires), there are the other Seikhs (multi-millionaires, who are like middle age European noblemen), there are the middle-class Saudis (who have some money by Saudi standards, but are rich compared to most third world nations) and then there are the workers - mostly immigrant, with very little money.

    2. The Royal family and relatives holds most of the debt for USA. The other Seikhs hold some US debt too and are supporters of Wahabi Islam. But the Saudi middle class does NOT hold US debt, are VERY interested in spreading Wahabi Islam.

    3. The Royal family and their relatives cozy up to USA and western friendship (to the extent that suits their purposes). The Seikhs have foot in both sides - they invest in the USA for profit, but they also spend money on the spread of their version of Islam, mostly to stay popular in the country so that the rest of the country does not go against them. The Saudi middle class also put money into Islamic "charities" which funnel that money to terrorist organizations.

    4. So, in effect, there is a "civil war" - not open, not fought with arms, but fought with money and ideas.

    Get the idea?
     
    Last edited: Jul 28, 2011

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