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Where else can we put our $3 trillion in excess currency reserves?
The three main options... are the USA, Europe and Japan.
ALL of which, are facing severe economic problems.
It's a Catch-22 situation.
It will settle down after initials jitters. There is no other alternative. Saudis should be more concerned about collapse of Euro-zone.
Short run maybe or maybe not. This "no other alternatives" argument is like a safety blanket that comforts the entrenched status quo at night. It's really an idiotic argument if you think about it because in a free market, everyone is vying to be that alternative. I bet the British were saying "no alternatives" in 1918 too. There's always an alternative. This downgrade will only spur its emergence.
By parking the money in the US, China was merely making sure that there is enough money for American consumers to buy the Chinese exported goods, not realizing that one fine day the US may not have enough income to repay the debt. This crisis is as much China's as it is for the US.
China can use its reserves by increasing its investments in mineral assets in Africa, Middle-East and Australia - something which it has already begun doing. The lesser China depends on exports to US, the better it is for the Chinese economy in the longer run.
Nope we "lose our savings" but the US loses it all. I'm fine with that loss. Can't shoot a gun without some recoil.
This is the man who genuinely believe that China's semicon industry is more advanced than South Korea's or Japan's based upon his shallow knowledge and so-called 'analysis' of Chinese foundry fabs. Never in his mind that he would meet someone online who is in the industry he claimed authority about and spectacularly proved him wrong: Me. So do not expect any real knowledge from him in economics or anything else for that matter.If you have learned any economics, you would know that you will lose everything due to cascade effect. What do you do in real life?
If you have learned any economics, you would know that you will lose everything due to cascade effect.
If you have learned any economics, you would know that you will lose everything due to cascade effect. What do you do in real life?
Where else can we put our $3 trillion in excess currency reserves?
The three main options... are the USA, Europe and Japan.
ALL of which, are facing severe economic problems.
It's a Catch-22 situation.
How about Gold, diamonds or other valuables.
Maybe if the US hand over Hawaii and California, China will erase all half of the debt. The other half the US can pay slowly (with interest) throughout the rest of the century.
What happened in 1876?? Check your dates.
You then wrote: "These Anglo Saxons are way too smart."
Low self-esteem from thousands of years of foreign occupation?????
Come and get it! Pack a lunch. When your country breaks apart we will take the maritime provinces, and leave you the rest.
China hade millions starving not too long ago, and where is all that back-yard steel? China is a long way from economic lectering just yet. Ride our coat-tails a few more years, and learn how the system works, till then be quite.