One less psycho dictator - King Jong Il is a warm place.

[Charles]

Originally Posted by neophyte

Missle shield? To protect ourselves against China? Is it time to dream up another cold war adversary now?How is it that everybody on the planet doesn't yet know that China has become the strongest, biggest economy in the world, and that they could bring the US to it's knees quick in a hurry with a margin call on our massive debt load, which they now own? Unlike us, they didn't bankrupt themselves by building and maintaining a mega military to go cavorting around the planet interfering with everyone elses business.

In other words, they were smart.

Meet the new boss.

http://www.forbes.com/sites/gordonch...-this-a-crash/


http://articles.latimes.com/2011/nov...bears-20111128

BTW, it wasn't the military that busted us, it was government meddling and a crooked banking system.

Looks like the new boss is just as stupid as the old boss.

Chas

[piece-itpete]

I'm becoming to believe that China is intentionally manipulating us, and that we're idiots.

I've believed the second part for many years now

Pete

[neophyte]

Originally Posted by Charles

http://www.forbes.com/sites/gordonch...-this-a-crash/


http://articles.latimes.com/2011/nov...bears-20111128

BTW, it wasn't the military that busted us, it was government meddling and a crooked banking system.

Looks like the new boss is just as stupid as the old boss.

Chas

interesting articles and valid points, but, was it the straw that broke the camels back, or the crushing load that had its knees buckled and primed for the collapse? Enough gold to fill the Grand Canyon has been pissed away via America's war chest since WW2, and this says nothing about the lives lost.

[piece-itpete]

We gain so much from global stability. Like highways, they generate more than they cost.

Pete

[merrylander]

Originally Posted by piece-itpete

We gain so much from global stability. Like highways, they generate more than they cost.

Pete

If that is the case why in hell are we not looking after them?

[piece-itpete]

They're pretty good here in Ohio.

Pete

[electronjohn]

I have yet to determine if the writers on the KCNA site A) Absolutely believe without question what they're writing or B) Are doing all they can to keep from breaking out in hysterical laughter.

Either way...I've had the KCNA site bookmarked for a long time: http://www.kcna.co.jp/index-e.htm

Right after Jong Un took the controls they were in a frenzy to describe him as "exactly the same" as the old man.

The cult of personality continues.

(EDIT) The KCNA site is decidedly less than state-of-the-art. Click second from left on the blue bar to get to the news archives...go back to a day or two after Jong Il's demise to really load up on the hyperbole.

[BlueStreak]

Originally Posted by d-ray657

I don't think that China is completely free of imperialist ambitions. It has its client-states.

I also gather that China spends a similar proportion of it's economy on building up it's military. It's just that they don't waste that much of the wealth of the country on things like paying wages sufficient to expand the middle class. From what I have seen, China's foray into capitalism has created its own wealth gap. A class of very rich is developing much faster than the middle class.

The low wage scale in China has contributed to the growing wealth gap and shrinking middle class in the United States as well. The multinationals headquartered here love the idea of a suppressed wage scale. The recession couldn't have come at a better time for that aim.

Regards,

D-Ray

Bingo!

[piece-itpete]

D I agree. Most Chinese live in a state of 3rd world poverty, and their construction workers are practically slaves.

That plus succession issues could spell big trouble for them, which would be big trouble for us. And the rest of the world!

If only we would've let the monarchy fail back in the 1920s. Meddlesome Americans/Europeans!

Pete

[bhunter]

Originally Posted by neophyte

Missle shield? To protect ourselves against China? Is it time to dream up another cold war adversary now?How is it that everybody on the planet doesn't yet know that China has become the strongest, biggest economy in the world, and that they could bring the US to it's knees quick in a hurry with a margin call on our massive debt load, which they now own? Unlike us, they didn't bankrupt themselves by building and maintaining a mega military to go cavorting around the planet interfering with everyone elses business.

In other words, they were smart.

Meet the new boss.

They also have internal problems that will continue to fester. They aren't the "biggest and strongest" economy; we still are and will be for at least the near future. The new Chinese wealthy are fleeing rapidly because of the future turmoil that the continued repression of the underclass will surely engender. There are more mouths to be paid off than food available. Also, they need a market for their products; thus, their economic clout would vaporize without the West purchasing their products.

A margin call by the Chinese would be their suicide not ours. We need to get tougher with them and pressure them to quit artificially manipulating their currency. We seem to forget how Japan was once supposedly a big threat, but ultimately floundered. China has far more internal structural problems and will likely flash and then burn out, then ascend to be a more fair player in the international economic scene.