Beijing, China 2030AD

[Ilovelamb]

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[hokkienpeng]

Delusional nonsense. The US is unique in that its foreign debt is denominated in its own currency. It never needs to default. Worse come to worse, the treasury can print as much US dollars as China wants to inflate away the debt. It is China that would be left holding the bag.

 

[silliporean]

US is really full of shit, they are making th Chinese the bogey man when they themselves chalked up debts that they cannot pay. I am sure that the American are indebted to more countries other than CHina, for example SIngapore? Japan? etc...

 

[cheowyonglee]

US is really full of shit, they are making th Chinese the bogey man when they themselves chalked up debts that they cannot pay. I am sure that the American are indebted to more countries other than CHina, for example SIngapore? Japan? etc...

who pull us out of the world war 2 shit???? tell me???
those U.S soldiers died for nothing???

U.S can save her ass by not fighting with the Japs.yes, you can say they fight for her self interest.but wait a minute, beside having 2 base in japan, did U.S ruled japan like china ruled tibet???

who saved south korea from the north communist???
yes you can say they are for her own interest too.but wait....,
did the U.S ruled the south korea?
what if the north successfuly invaded the south korea???
there will be no more morden south korea.no more sumsung and no more south korean pop songs!!! remember this, the U.S did not own us anything but i think we did own them alot.

and do remember this, china made their own very first rocket becos of one person who is at that time studying in U.S and copied all the U.S technology and bring back to China and so they have the first rocket and atomic bomb.
if the U.S were really ruthless like the china communist or russia, i bet this chinese professor wont have the live to return back to china.
you guys can learn about this guy if you search on google!!!

 

[hokkienpeng]

US is really full of shit, they are making th Chinese the bogey man when they themselves chalked up debts that they cannot pay. I am sure that the American are indebted to more countries other than CHina, for example SIngapore? Japan? etc...

You should at least try to understand what is going on instead of blindly taking sides.

China is buying up foreign currencies and foreign debts to drive down the value of the RMB. What China is doing is hurting every country in the world, including Singapore.

Chinese exports are kept artificially cheap. From a consumer point of view, you may think it's a good thing since you pay less for your made-in-China flat-screen TV.

But if no corrective action is taken, very soon factories in Singapore (and elsewhere) will start going out of business because they can't compete with the low prices of Chinese factories &mdash; not because Chinese factories are more efficient but because the Chinese government is effectively subsidizing Chinese exports. Which is worse? Losing your job or paying $50 more for your TV?

This also hurts commoners in China (like the workers who made your flat-screen TV). Since they are paid in RMB, a lower RMB means that they have to pay more for imports.

The only people who are benefiting from China's currency policies are the already very wealthy bosses of Chinese export companies &mdash; many of them princelings of the senior party officials who made these policies.