Who owns US? The top 10 creditor hostaged by US

[kickok1975]

thats what preciselly India is doing.For effectively being a counterweight to US you have to be like the US

1)Your domestic set-up must be sound and robust domestic set-up.India was/is/will be thriving to get such a set-up.The advantage of such a set-up is most of the flaws will undergo self-correction and will be a sustainable set-up.If you don't have this your flaws will always be exploited by others

That's why I have been advocating a stronger economy of China should rely more on private sector rather than state company monopoly. It works for both China and India.

 

[Iamanidiot]

That's why I have been advocating a stronger economy of China should rely more on private sector rather than state company monopoly. It works for both China and India.

Iam speaking about the US political set-up andgovernment.The current US is basically a result of its political set-upand economic policies.One you have a political set-up like theirs one will have a lot of freedom

 

[Adux]

How true! No forever friend nor enemy, just forever interest. US could turn against India if India grow significantly enough to challenge US global primacy. Before that happen, the best strategy for India is hide below the radar and let China, US fight each other.

Agreed, But it is imperative for India to which has always been the Cultural uber power as well as the military super power of asia before 12th century. China cannot be and will not be allowed to gain supermacy in Asia. China is surrounded with like minded allies like Japan, USA, South Korea, Vietnam, Taiwan and India, It is impossible for China to wage anything against their combined efforts. China cannot afford to spend so much on defense even if it reached the double of US economy.

 

[Iamanidiot]

Agreed, But it is imperative for India to which has always been the Cultural uber power as well as the military super power of asia before 12th century. China cannot be and will not be allowed to gain supermacy in Asia. China is surrounded with like minded allies like Japan, USA, South Korea, Vietnam, Taiwan and India, It is impossible for China to wage anything against their combined efforts. China cannot afford to spend so much on defense even if it reached the double of US economy.

China gaining allies will depend on Chinese behaviour

 

[Adux]

China gaining allies will depend on Chinese behaviour

China is to asia, what US is to the middle east. Chinese are not to be trusted, rightfully so. Just look at the countries which support China, they all either rogue or deadbeat.

 

[Adux]

Unless US is at war with China, there is no legitimate reason nor moral stand for US to default on China debt. It would be easier for US to just devaluate its currency. But since US dollar is world reserve currency which US benefit more than any other country, it has limited motivation to further damage its reputation without considering consequence.

In a scenario, where USA is in emimnet danger of loosing its No.1 position in the world, make no doubt that her European allies and Asian counterparts will support her in whatever decision she makes; I expect them to create a solution which gives maximum blow to the Chinese with minimum collateral damge to her and her allies. The US rich and capitalist understand one principle rule clearly, the only way they can make more money and influence decisions in their favor is when US remains the number one power. As of US has China by the balls, the more you push, the more the chances of China's 2.2 trillion dollar reserves will go up in smoke in a single day.

 

[p2prada]

Kind of hard for Indians living in the US to remit $51 billion when India only receives $55 billion from all expats. $55 billion is the world's most.

I guess the Gulf countries have a big share in remittances too.

 

[cw2005]

In a scenario, where USA is in emimnet danger of loosing its No.1 position in the world, make no doubt that her European allies and Asian counterparts will support her in whatever decision she makes; I expect them to create a solution which gives maximum blow to the Chinese with minimum collateral damge to her and her allies. The US rich and capitalist understand one principle rule clearly, the only way they can make more money and influence decisions in their favor is when US remains the number one power. As of US has China by the balls, the more you push, the more the chances of China's 2.2 trillion dollar reserves will go up in smoke in a single day.

That might be a little over optimistic as Europe is a difficult bed fellow for USA. Indeed, the primary purpose of forming the EU and its currency EUR is to counter balance the United state of America。 And is also the reason why Britain, although a European nation but speaking English as the American, refused to join. It is the same reason behind the establishment of the Air Bus Company. Talking about National interest, there would be no compromise.

 

[Adux]

That might be a little over optimistic as Europe is a difficult bed fellow for USA. Indeed, the primary purpose of forming the EU and its currency EUR is to counter balance the United state of America。 And is also the reason why Britain, although a European nation but speaking English as the American, refused to join. It is the same reason behind the establishment of the Air Bus Company. Talking about National interest, there would be no compromise.

The Euro was created after the collapse of the Soviet Union, they have a new enemy China. The anglo's will follow the Americans to the dot. It is one thing to compete against each other, when other's are not present, it is completely another when a non-euro non-american competitor is there. China will not be allowed to high table.

 

[tarunraju]

If there's going to be pointless arguments between members, I'd rather have this discussion closed. Please stick to the topic.

 

[Blackwater]

kick kock wat happen photo american de la le. Jet lee to bore ho gaya

 

[lurker]

That might be a little over optimistic as Europe is a difficult bed fellow for USA. Indeed, the primary purpose of forming the EU and its currency EUR is to counter balance the United state of America。 And is also the reason why Britain, although a European nation but speaking English as the American, refused to join. It is the same reason behind the establishment of the Air Bus Company. Talking about National interest, there would be no compromise.

Which is why many of the EU members are in NATO and have no plans of exiting? Despite disagreements on issues the EU members are integral allies to America, and I do not doubt the relations are reciprocated.

You're full of it on Iraq, China gets plenty from it.

 

[nimo_cn]

Well, I am glad China is at least in the list because most countries and regions (except China) making themselves into that list are models of what we call successful countries. However being at the first position is catching too much attention.

 

[amoy]

There once was a best seller in China "Monetary War" about how USD achieved its "hegemony" and how the US is disabling other currencies (read Yen, Euro) as valid rivals as a reserve currency. Many incl. China are buying in Euro assets.

Well developed financial markets are a necessary condition for a currency to play a role as a reserve currency. The introduction of the euro greatly improved the functioning of euro financial markets. This paper investigates whether euro financial markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with the US dollar. We find that the liquidity and breadth of euro financial markets are fast approaching those of dollar markets, and as a result the euro is eroding some of the advantages that have historically supported the pre-eminence of the US dollar as a reserve currency. This strengthens the incentive for monetary authorities to reconsider the currency composition of their reserves. Nevertheless, the introduction of the euro has not yet resulted in a significant change in the currency composition of official reserve holdings. The US dollar has maintained its place as the dominant reserve currency, supported perhaps by the edge that dollar financial markets still have over euro markets in terms of size, credit quality and liquidity, as well as inertia in the use of international currencies.