Did we not do this to ourselves? I don't remember China putting a gun to our head.
Why is America's enemy China?
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What China is doing isn't fair, right? We should...lol...Punish them. Here's for those that don't like studying:
IE: We borrow $12.50 USD worth of Chinese Yuan (CNY), and tell China we will repay them with $12.50 USD at a later date. Key Word: Repayment in USD; we slyly slide by. At the time of lending, it takes $1 to buy ¥8, and $12.50 = ¥100.00.
During the time of the loan, the dollar inflates, and currently $1 buys only ¥6. The $12.50 we borrowed is now worth only ¥75 instead of the original ¥100, and every minute we wait to repay China the $12.50 USD we owe them, the equivalent amount in CNY sinks lower and lower inversely proportional to our USD inflation.
Lol, not fair. Ha.Comment
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What China is doing isn't fair, right? We should...lol...Punish them. Here's for those that don't like studying:
IE: We borrow $12.50 USD worth of Chinese Yuan (CNY), and tell China we will repay them with $12.50 USD at a later date. Key Word: Repayment in USD; we slyly slide by. At the time of lending, it takes $1 to buy ¥8, and $12.50 = ¥100.00.
During the time of the loan, the dollar inflates, and currently $1 buys only ¥6. The $12.50 we borrowed is now worth only ¥75 instead of the original ¥100, and every minute we wait to repay China the $12.50 USD we owe them, the equivalent amount in CNY sinks lower and lower proportionately to our USD inflation.
Lol, not fair. Ha.Comment
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Calculate it, then tell me again.Comment
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China is a bubble waiting to burst. Their GDP numbers are inflated by overproduction, cheap but rising labor costs, currency manipulation and the general Communist attitude of the government and the people. Hundreds of millions of abject poor in China are completely removed from statistical analysis. There is no such thing as innovation or creativity in their society as there are no copyright or patent laws and therefore incentive doesn't exist. Most of what they produce and export, such as lead tainted toys and Che Guevara T-Shirts, has little actual value. They have a third the GDP of the US with 5 times the people. Therefore, even if the day comes that their entire economy surpasses that of the US, their citizens will still only make a fifth of what we make here in the US per capita.
Mark my words. China is a ticking time bomb.Comment
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