How Will China Be No 1 When They Run Out of Money?

[Loofydralb]

http://www.google.com.sg/url?sa=t&rct=j&q=china%20running%20out%20of%20money&source=web&cd=2&ved=0CEkQFjAB&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fgordonchang%2F2012%2F08%2F12%2Fchina-is-running-out-of-money%2F&ei=MhUrUKeLDs_KrAeATg&usg=AFQjCNFVEfRbzHRJtDoWSEXOeQhzI1KGqQ


This is serious!!!

Because ppl like Jah got to start pasting angmo butt skin on their faces.....

 

[bart12]

The writer Gordan Chang is an anti-China Taiwanese who has written a lot of rubbish about China collapsing since the 80s

 

[erection2015]

ya ..his standard fare. Think theres some other of his previous stuff on the forum

The writer Gordan Chang is an anti-China Taiwanese who has written a lot of rubbish about China collapsing since the 80s

 

[AhGuan]

If China can be the best copy-cat in fake goods, China can also copy the monetary policies of US and Europe who have been printing boat-loads of money.

How then can China (with USD 2 trillion in reserves) ever run out of money when the Americans and Europeans haven't ?

 

[Jlokta]

Tiong land run out of money just have to take some from sinkapoor.

Gay Loong will offer the treasury together with his ass to them.

 

[Loofydralb]

Can they actually dish out their US$2 trillion into their own system? After all the currency in circulation in China is yuan and they cannot buy yuan with their US$, no?

What they can do is purchase goods and services from the rest of the world for their domestic consumption. And that will be the biggest irony of it all.

Otherwise their US$ is sitting useless for their own economy. Sure they can buy assets but that does not directly benefit domestically.

The US has China in a vice-like grip. Anything China does, they're screwed.

 

[Jlokta]

The US has China in a vice-like grip. Anything China does, they're screwed.

This is tombalek arcktuarry.

It's China who is holding US at the balls. You know how much of the ang mo's bonds are bought up by Tiongs?

 

[AhGuan]

China made the mistake of not developing their financial sector and channeling their money to productive uses but instead, buying up US Treasuries.
Now they realise their error and they are slowly building up the banking sector in Shanghai. They have the privilege of learning from the past mistakes of the West and will have far fewer hiccups than most expect of them.

 

[ChaoPappyPoodle]

They can just print more money. They have been printing a lot of money already. It's the same as the US. This is a stupid journalist.