Get Used to It, America: We’re No Longer No. 1

[Akasa]

Far too early to say.

 

[Mista]

Don't mistake him for a Singaporean plz.

His failed take on Singlish, which is the defining characteristic of a Singaporean, told him apart.

He looked up "SAF Signals" on Google and stumbled upon HQ at Stagmont. That's all he knows abt defence. He went missing whenever any defence related discussion crops up. Yet, he claims to be a Singaporean with awful Singlish, piecing together news items from mass media and looking up only a single subforum where more than 50% of members happens to be foreign. He wouldn't know because he is a foreigner too, just ashamed of his flag. A true blue Singaporean can easily tell these foreigners apart.

Speaking of Machine Translation, Singapore's A*STAR helped Baidu with many south east asian languages.

A*STAR assisted Baidu in developing music search tech, too.

https://www.researchsea.com/html/ar...gapore-developed_music_search_technology.html



Just don't mistake him for a Singaporean, plz. He only knows how to yap abt GDP, Economy and housing in a defence forum.

Too bad for him, there is no Baidu or Google translate from/to Singlish.

Bla bla bla. An account created a few months ago claiming that I'm a false-flagger. Who has more credibility? Can't even answer me which uni or JC he studied his economics in.
You think foreigners here really give a damn about Signals or Stagmont?

 

[Hamartia Antidote]

Don't mistake him for a Singaporean plz.

Well he said he has a Chinese background so maybe his family simply isn't as established as yours.

Or maybe he just doesn't want to learn it...yowza!

 

[Mista]

Well he said he has a Chinese background so maybe his family simply isn't as established as yours.

Or maybe he just doesn't want to learn it...yowza!

Chinese as in ethnic Chinese, not PRC Chinese. My forefathers came to Singapore long before Singapore gained her independence.

And his claim on Singlish is BS. I simply don't use it on international forums.

 

[Han Patriot]

You're making no sense. If it doesn't matter, why does China have such strict capital controls? Why did China spent a trillion dollar to defend the RMB from falling below a psychological level?

You are contradicting yourself again. RMB flowing out has NO EFFECT, it is DOLLARS$ flowing out which has an effect. You already agree then you disagree. I don't understand what are you trying to say. I already told you, the dollars are just to stabilize the currency against US speculative attacks and also outflows from the rich buying properties around the world, especially SG and OZ.

...

If it's China, you say it's a WMD and a leverage.
If it's Japan, you say it's a tribute.

One is a rival competing with US, another one has a giant US military base. Common sense bro, common sense.

Do you understand how bonds work? And do you think you can bring mass financial destruction to the US with that amount of money?

Try dumping a trillion$ worth of bond and see what it does to investor confidence.

Can you give a number with a source?



https://finance.sina.cn/2018-08-08/detail-ihhkuskt7869193.d.html

按利润排，前15强中，有10家是银行。

10 out of the 15 most profitable listed Chinese companies are banks.



You can understand Chinese?

What's wrong with profitable banks? You should check the investment in infrastructure, not bank profits to see economic allocation for infrastructure. Gosh.

Nonsense. How do you want to pay for imports without dollars? Not many countries accept Yuan. China will commit economic suicide if selling all US bonds. Do you think the market will crash?The US central bank can easily buy all Chinese holdings without blinking an eye.

It’s rediculous threatening the US by selling dollars.

But ok please tag me when China resorts to WMD by selling all US holdings

Viet, you really need to learn to read. It will crash both markets and end the world trading system as we know it, multiple ripple effects around the world. My point all along was US is not gonna destroy China as much as China is not gonna destroy US, we are on the same boat. Get it? After 40 years and you still do not understand CHIMERICA.

 

[Mista]

RMB flowing out has NO EFFECT

How does RMB flowing out of the have NO EFFECT on the RMB supply and demand on the market? It's simple monetary economics there.

Try dumping a trillion$ worth of bond and see what it does to investor confidence.

The RMB will crash first because the backing is gone. Do you even understand how bond works and the effects on interest rates? The market interest rate will spike and other investors can simply buy the bonds at a low price from China, or the Fed can easily bring the interest rate down by expanding money supply. It will cause inflation, but nothing of the sorts which will 'destroy' the US financially with just a trillion dollar.

US government departments, including social security funds, hold five times more US government bonds than China. Even if Beijing decides to sell, the US has enough ways to manage the impact. For instance, the Federal Reserve can just buy the US Treasuries from China in a balance sheet expansion, and the following cost of dollar depreciation will be shared by all the creditor countries.

As the issuer of the world’s primary reserve currency, the US can exert its privilege.

What's wrong with profitable banks?

Its profits are derived from ordinary Chinese paying interest for their mortgage loan. With such dominance of the banking and real estate sector, the Chinese economy is heavily dependent on property market. You think that's more 'real' than the 'casino' economy of the US?

 

[Hamartia Antidote]

The market interest rate will spike and other investors can simply buy the bonds at a low price from China, or the Fed can easily bring the interest rate down by expanding money supply. It will cause inflation, but nothing of the sorts which will 'destroy' the US financially with just a trillion dollar.

He doesn’t realize US treasuries are the “default” investment instead of cash. The whole stock market is based on beating the current US treasury returns with risk.

 

[Han Patriot]

How does RMB flowing out of the have NO EFFECT on the RMB supply and demand on the market? It's simple monetary economics there.

BECAUSE RMB DOESN'T FLOW OUT GENIUS!!! DOLLARS DO. Gosh, it's such a simple concept, you still cannot get it?

The RMB will crash first because the backing is gone. Do you even understand how bond works and the effects on interest rates? The market interest rate will spike and other investors can simply buy the bonds at a low price from China, or the Fed can easily bring the interest rate down by expanding money supply. It will cause inflation, but nothing of the sorts which will 'destroy' the US financially with just a trillion dollar.

Might or might not crash, but the value of RMB is actually not really determined by the US reserves, it is only used for defence of it's value in cause of speculative attacks. Demand for Chinese goods (RMB) is the real determinant of the value of RMB. Anybody can google how bond works genius.

You are assuming people are buying bonds being dumped, instead of panic selling it themselves when the prices crash. I can't say it will destroy US, I believe no country can actually be destroyed, but the investment sentiment will crash, stocks will crash, banks will crash. For how long? Who knows? What magnitude, who knows. Dumping a trillion dollars can crash the system. There is collateral damage, else why do you think PRC is hoarding it and threatening to use it.

Its profits are derived from ordinary Chinese paying interest for their mortgage loan. With such dominance of the banking and real estate sector, the Chinese economy is heavily dependent on property market. You think that's more 'real' than the 'casino' economy of the US?

Almost all tom dicks and harry are paying some sort of mortgage or loan in this world jose. Profits of companies to pay mortgage loans? unless you are a real estate company, why would you be paying 'REAL ESTATE LOAN'? They might be paying banking loans, but I doubt a real business will actually buy assets they are using, Chinese SEZs provide almost free land/infra for big companies. They don't have to pay mortgage loans genius. You are confusing consumers to corporate businesses.

It is a real economy because a big part of capital is spent on infrastructure, goods and services, not on casino banking and stocks. You seem to think infrastructure is just empty ghost towns? Do you know how much China spends on wastewater plant, water plants, power plants, rail, roads, ports, schools? It's a billion people, it is still inadequate in my opinion. THESE ARE REAL THINGS, not using money to play the stock exchange.

 

[Mista]

BECAUSE RMB DOESN'T FLOW OUT GENIUS!!! DOLLARS DO. Gosh, it's such a simple concept, you still cannot get it?

How does capital outflow out of China not mean RMB flowing out, unless the Central Bank intervenes and buys back the RMB?

Dumping a trillion dollars can crash the system. There is collateral damage, else why do you think PRC is hoarding it and threatening to use it.

PRC officials aren't threatening to dump US bonds, only the Global Times and netizens like you are. No one is saying Japan has leverage because of the US bonds she holds, but China has?

If the PRC can spend $1 trillion to defend the RMB, what is $1 trillion to the US with the world's reserve currency? What inflation you can cause to a country with a net worth of more than $100 trillion?

The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.

What's more the Fed can easily print $1 trillion and the inflation will be distributed across the world.

Anyway dumping bonds will only cause interest rate to spike, which the Fed can easily bring down through QE. In the end it's China who suffered because it sold the bonds at a low price, and many countries are willing to buy at such a low price. That's what dumping means.

It is a real economy because a big part of capital is spent on infrastructure, goods and services, not on casino banking and stocks.

You don't seem to understand how the US economy works. Manufacturing may be outsourced, but profits are still accrued to them because the US still holds ownership. Most importantly, the key technologies still belong to them. You don't become an economic and financial superpower just from banking and stocks without profits. You don't have profits when you don't hold ownership of the most important technologies.

 

[925boy]

Who is the no 1 then? China?

Haha, delusion is strong in this one. China still needs 100s of years to have the types of influence US has over rest of the world. Lol.

I think China used its financial powers to turn what you said here upside down.

 

[ziaulislam]

Who is the no 1 then? China?

Haha, delusion is strong in this one. China still needs 100s of years to have the types of influence US has over rest of the world. Lol.

by 2030 china will bigger GDP in nominal as compared to US, it already is bigger by PP

USA strength comes from its European allies(as big as china)and japan, south korea, vietnam, india which together are half the size of china

what china needs now are allies, it needs russia, pakistan, Myanmar, srilanka, may be bangladesh though seems its in india camp

 

[925boy]

Nobody is going to choose China over US to immigrate even if China opens its borders to take in people. China isn't some desirable country that people want to immigrate to. The Quality of Life is vastly inferior compared to US/Europe.

Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.

 

[Khan_21]

Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.

US is ahead by quite some distance. You should check Human development Index and Annual Income of both the countries and compare . Immigrants have been a success story in US and alot of them earn six figures annually. I have been to US just 3 months now and I already have a good paying job. Even Turkey and Malaysia are better than China . Shiny airports doesn't equate Quality of life. The Air pollution , Freedom to Express alone in China is even worse than Pakistan. I wasn't underestimating China just stating facts .

 

[beijingwalker]

US is ahead by quite some distance. You should check Human development Index and Annual Income of both the countries and compare . Immigrants have been a success story in US and alot of them earn six figures annually. I have been to US just 3 months now and I already have a good paying job. Even Turkey and Malaysia are better than China . Shiny airports doesn't equate Quality of life. The Air pollution , Freedom to Express alone in China is even worse than Pakistan. I wasn't underestimating China just stating facts .

Those per capita figures Chinese Macau ranks the first in the world, even Singapore is higher than US, a country's strength is on their overall industries, trade and other key economic factors.

China now is the world biggest industrial nation, trading nation and manufacturing nation, consumes and produces roughly half of the world major raw materials, US is world biggest military nation.

 

[jhungary]

Bro you were making good sense....until you stopped. China has a higher avg lifespan than the US. China person is considerably healthy from my perspective relative to avg income earned in China. I agree avg immigrant will choose US over China, but that mightbe more due to Hollywood marketing? Its possible. China IS desirable. Here in the US, more of my friends and family now say they have been to China, it wasnt like this 10 yrs ago. China is the last and worst country to underestimate imo.

I used to live in China for 20 years, I can tell you this much

Not all in China are really rosy, the village my mother grow up in is in Dongguan, which is one of the most developed province in the South of China, however, not all parts of Dongguan is developed, the villain my mother was born in, still a village and people are still living a simple life.

If you compare Big City in China (like Shenzhen, Beijing, and Shanghai) to the like of US, yes, they are comparable to NYC, LA, SF or San Diego etc, on the other hand, not all of Chinese cities are like their first and second tier city, and a lot of them are still yet to develop, and those are not even comparable to third Tier US cities like Lawrence, KS, Bismarck ND, or similar cities. In fact, US does not have a definition after Second Tier City

On the other hand, while you can compare 1st tier to 1st tier between China and US, Top Tier cities in the US generally have a lower cost of living than Chinese 1st tier, except for a few exception.

And government healthcare system (like Obamacare or Medicare) does not exist in China, you only live a long healthy life if you are rich in China, if you are average income Chinese, chances are you cannot afford adequate healthcare, and they don't have Health Insurance in China, well, not until last time I was in China about 10 years ago. So I don't know where you get the fact from?