More on the Chinese Challenge to US Hegemony. I'm not entirely sold on this. I think China has its own demons it will be facing soon. Access to oil, for example will affect everyone, including China. And another thing: in a fiat money world, is it really better to be a surplus country? What exactly do trade surplus countries exchange their economic output for? Someone else's debt? Good luck with that.
VIDEO LINK
2 comments:
niall was great with his 'ascent of money'...n entertaining.
but china has wayyy tooo many skeletons laying around to pass us in ten years.
i caught your discliamer in the headline.
the big bada boom bust coming will get them alot too.
i do not think anyone will be passing anyone in the long cold winter to come....n it will take someone on our beach invading to get the US to go military again....the people have had it w/that thankfully.....maybe aircraft n missles if iran vaporizes tel-aviv....tho i doubt that out of obozo....he sends a rented italian ferry to get our people out of libya...laughable.
skirmises here n there.
just my take is all.
Niall evidentally doesn't read Shedlock.
http://globaleconomicanalysis.blogspot.com/2011/02/speculation-investment-scandals-fraud.html
The shoddy and potentially disastrous Chinese building practices described there have been strongly confirmed by my "man on the ground" in Asia.
Post a Comment