What US can do if China dumps its debt

[bandit]

sigh, you think it's because it's cheap? Ok. Indian wages are 1/4 chinese ones. Why is India not a big manufacturer? Why not Africa? Why not Vietnam? Hell, Vietnam is exactly like China from 20 years ago, from wages to culture to government, why not Vietnam? They even have an advantage over 20 years ago China: better English. So why? No critical thinking, typical Indian/American education.

Are you deliberately slow? Ok just once more for courtesy's sake,
What is China's comparative advantage except cheaper production costs?
Or probably you can't answer the question with all your high and mighty critical thinking, so trying to drown me with high IQ Chinese bullshit.

I'm not going to cherrypick statistics for you, follow the curve of China's GDP and follow the curve of the RMB valuation, it's not that challenging... maybe for an illiterate.

Here are two comparative charts of RMB vs Chinese GDP. Now please show me some challenging chinese statistics that tells you that rmb has appreciated since china started on the growth trajectory, although I seriously doubt you'll throw anything other than high quality chinese garbage at me.

 

[below_freezing]

Are you deliberately slow? Ok just once more for courtesy's sake,
What is China's comarative advantage except cheaper production costs?
Or probably you can't answer the question with all your high and mighty critical thinking, so trying to drown me with high IQ Chinese bullshit.



Here are two comparative charts of RMB vs Chinese GDP. Now please show me some challenging chinese statistics that tells you that rmb has appreciated since china started on the growth trajectory, although I seriously doubt you'll throw anything other than high quality chinese garbage at me.

Sigh, focus on period 2005-2010, you're cherrypicking statistics.

http://en.wikipedia.org/wiki/Renminbi#Use_as_a_currency_outside_China

On July 21, 2005, the peg was finally lifted, which saw an immediate one-off RMB revaluation to 8.11 per USD.[25] The exchange rate against the euro stood at 10.07060 yuan per euro.

However the peg was reinstituted unofficially when the financial crisis hit: "Under intense pressure from Washington, China took small steps to allow its currency to strengthen for three years starting in July 2005. But China "re-pegged" its currency to the dollar as the financial crisis intensified in July 2008." [26]

On June 19, 2010, the People’s Bank of China released a statement simultaneously in Chinese and English indicating that they would "proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility." [27] The news was greeted with praise by world leaders including Barack Obama, Nicolas Sarkozy and Stephen Harper.[28] The PBoC maintained there would be no "large swings" in the currency. The RMB rose to its highest level in five years and markets worldwide surged on Monday, June 21 following China's announcement.[29]

The RMB appreciated 20% within 5 years. The GDP of China within these 5 years has tripled from 1.8 trillion to 6 trillion. Basic statistics, that you cannot comprehend.

 

[bandit]

Sigh, focus on period 2005-2010, you're cherrypicking statistics.

Renminbi - Wikipedia, the free encyclopedia

..........

Since you are unable to support your own statements i will take it that you don't know much despite your High IQ.

Regards cherry-picking, I am amused...here is your own source from the last post talking about how China manipulates its currency-

Managed Float
The RMB is now moved to a managed floating exchange rate based on market supply and demand with reference to a basket of foreign currencies. The daily trading price of the U.S. dollar against the RMB in the inter-bank foreign exchange market would be allowed to float within a narrow band of 0.3% around the central parity published by the People's Bank of China (PBC); in a later announcement published on May 18, 2007, the band was extended to 0.5%.[31] The PRC has stated that the basket is dominated by the United States dollar, Euro, Japanese yen and South Korean won, with a smaller proportion made up of the British pound, Thai baht, Russian ruble, Australian dollar, Canadian dollar and Singapore dollar.[32]

On April 10, 2008, it traded at 6.9920 yuan per US dollar, which is the first time in more than a decade that a dollar bought less than seven yuan,.[33] and at 11.03630 yuan per euro.

Beginning in January 2010, Chinese and non-Chinese citizens have an annual quota to change a maximum of 50,000 USD. Exchange will only proceed if the applicant appears in person at the relevant bank and presents his passport or his Chinese ID; these deals are being centrally registered. The maximum withdrawal is 10,000 USD per day, the maximum purchase quota of USD is 500 per day. This stringent management of the currency leads to a bottled-up demand for exchange in both directions. It is viewed as a major tool to keep the currency peg, preventing inflows of 'hot money'.A shift of Chinese reserves into the currencies of their other trading partners has caused these nations to shift more of their reserves into dollars, leading to no great change in the value of the Renminbi against the dollar.[34]

 

[cross1993]

Do not worry. China will not do it.
If the USA economic collapse, We will also economic collapse...

 

[Haseebullah]

A sale of 1 trillion in securities and cutting economic ties to the US would plunge the value of the dollar. At this critical time, we can secure grain on the world markets, even taking a loss; this will further spike the price of grain. With economic ties to the US cut off, every non-food item they use will be in shortage, prompting even greater price increases. Angry at being deluded by US propaganda, american citizens will riot and revolt, forcing the US army to put it down, and reducing US legitimacy further in the eyes of its citizens. The US might not collapse completely but it would be severely weakened for decades.

Why would China do that when 70% of China's assets are dollar denominated.

 

[Chinese-Dragon]

Are you deliberately slow? Ok just once more for courtesy's sake,

Or probably you can't answer the question with all your high and mighty critical thinking, so trying to drown me with high IQ Chinese bullshit.

You've got a big mouth.

Is there any chance of you conducting a rational discussion, without using a personal attack in every other sentence?

 

[VCheng]

Obviously, for some posters here, mere dental floss will suffice for a blindfold.

 

[gambit]

The patriotism of radical white americans.

As the proportion of radical whites decrease due to demographic pressures, this would no longer be an issue.

The so called "patriotism" of americans, that it somehow is "stronger" than the patriotism of other countries is another US propaganda lie. American children are brainwashed from day 1 of first grade to sing praises about their government, flag and constitution. US students have a "pledge of allegiance" ritual EVERY DAY to brainwash them, exactly like NORTH KOREA and other rogue states; even Iran does not do this. What is the need for all this propaganda and brainwashing if the US is really all that great and Americans are all so patriotic?

You mean like this...

How College Students in China Are Indoctrinated with Party Culture | Opinion | Epoch Times

First of all, the CCP designates all young people as the “heirs of communism.” Consequently, 300 million youth must take the CCP’s guiding principle of “fighting for communism throughout their life” as their goal and guiding principle. It clearly aims to control their hearts and souls, spirits and wills. Without exemption, 300 million young people must join the regime’s related political organizations. Children over seven years old must join the “Communist Young Pioneers” (CYP). They must raise their fists to pledge to “always be prepared to fight for Communism!” They also become the next level up in the reserve force of the “Communist Youth League” (CYL) .

So when did you got brainwashed?

 

[Tractor]

You mean like this...

How College Students in China Are Indoctrinated with Party Culture | Opinion | Epoch Times

So when did you got brainwashed?

I am not a party member,but I believe in something communism.
I am not sure if it is a result of brainwash.The real thing is many Party member really do not believe in communism although they were brainwashed.

 

[bandit]

what can the US do? ready its army to put down revolts by starving americans.

The patriotism of radical white americans.As the proportion of radical whites decrease due to demographic pressures, this would no longer be an issue.

The so called "patriotism" of americans, that it somehow is "stronger" than the patriotism of other countries is another US propaganda lie. American children are brainwashed from day 1 of first grade to sing praises about their government, flag and constitution. US students have a "pledge of allegiance" ritual EVERY DAY to brainwash them, exactly like NORTH KOREA and other rogue states; even Iran does not do this. What is the need for all this propaganda and brainwashing if the US is really all that great and Americans are all so patriotic?

JSTOR: An Error Occurred Setting Your User Cookie

The same way the Soviets did: procure them through 3rd parties, front companies, and from non-US markets.

Your experience in the US does not match many other people's, especially the highly educated PhDs my father was lucky enough to be colleagues with. Your personal success does not mean the majority are successful. The majority are not. Of course, "investment immigrants" and political traitors paid for by the US government are the exception. US demographics will eventually force the white ruling class to accept a Mexican majority, who have far less ties to the US. When the inevitable revolt comes, the US will be severely weakened. What do you mean there's no brainwashing. Are you denying that children in the US must speak the pledge of allegiance every day?

You don't even know history, no wonder the average IQ of the US is low and declining. During the Great Depression the US also produced far more food than it could use, guess what? 7 million people disappeared off the census.

Judging by the internet comments, i can now assume that the dumb Americans are by far the majority of the population.

I am not a racist. I have never said one race is better than another. You on the other hand are a fundamentalist, extremist and uneducated.

Sigh, you still have NO idea what actually makes the Chinese economy competitive, what the real purpose of holding "down" the RMB is (it's not being held down), and you still do not know basic statistics. Come back when you leave the 40% illiterates category of your country.

sigh, you still cannot accept basic statistics. Even if we accept that the IQ and the Wealth of Nations is totally wrong and all races have the same IQ, China still has the highest number of high IQ persons due to the standard deviation of IQ being invariant across populations, while China has the largest population. Add to that Chinese IQs can be fully realized thanks to no starvation and universal education, while some other country's IQs, even if equal, cannot be realized due to starvation and illiteracy, and it is exceptionally easy to see that surpassing the US is merely a matter of time.

sigh, you think it's because it's cheap? Ok. Indian wages are 1/4 chinese ones. Why is India not a big manufacturer? Why not Africa? Why not Vietnam? Hell, Vietnam is exactly like China from 20 years ago, from wages to culture to government, why not Vietnam? They even have an advantage over 20 years ago China: better English. So why? No critical thinking, typical Indian/American education.I'm not going to cherrypick statistics for you, follow the curve of China's GDP and follow the curve of the RMB valuation, it's not that challenging... maybe for an illiterate.

You've got a big mouth.

Is there any chance of you conducting a rational discussion, without using a personal attack in every other sentence?

Go through the above series of postings, if you or your friends like to start a discussion being openly racist and abusive, be ready to take some **** back and stop whining about it.

 

[gambit]

I am not a party member,but I believe in something communism.
I am not sure if it is a result of brainwash.The real thing is many Party member really do not believe in communism although they were brainwashed.

You are avoiding the real issue, which is WHY is there a need for such programs and such organizations? No one coerce American children into the Boy Scouts or the Girl Scouts. No one meaning no governmental apparatus. So why does the Chinese government feels there is a need for an ideological indoctrination of young children?

http://shanghaiist.com/2008/12/27/chinese_nationalism_indoctrination.php

If you've ever wondered how Chinese kids are being indoctrinated with nationalistic bullshit ideals from a young age, here's how. This video shows a class of elementary school students reciting a poem entitled 《2009中国加油》("2009, Go China!") written by their teachers on how a triumphant China is rising against earthquakes and the wiles of evil politicians like Nicolas Sarkozy in "pathetic Europe" with a successful Olympics, the launch of Shenzhou 7 and the "iron will" of its people.

Use keywords search 'chinese students brainwash' and see for yourself.

 

[Tractor]

I would say it is tradition in China that telling people help each other and not regard poor as a shame.Communism has the same core ,so why not use it to teach young children?

 

[gambit]

I would say it is tradition in China that telling people help each other and not regard poor as a shame.Communism has the same core ,so why not use it to teach young children?

The US is the world's largest singular aid donor to many countries in times of need. Is communism failing in this regard? And if US citizens can have that generosity from the moral persuasions of their churches and communities, why does the Chinese government feel the need to replace those things in China with communism, an ideology proven to be an epic failure?

 

[Tractor]

The US is the world's largest singular aid donor to many countries in times of need. Is communism failing in this regard? And if US citizens can have that generosity from the moral persuasions of their churches and communities, why does the Chinese government feel the need to replace those things in China with communism, an ideology proven to be an epic failure?

I think communism is not failing.What collapsed was just bureaucratism of Soviet Union and east-european countries.

 

[cross1993]

You are avoiding the real issue, which is WHY is there a need for such programs and such organizations? No one coerce American children into the Boy Scouts or the Girl Scouts. No one meaning no governmental apparatus. So why does the Chinese government feels there is a need for an ideological indoctrination of young children?

Chinese nationalism and indoctrination 101 - Shanghaiist

Use keywords search 'chinese students brainwash' and see for yourself.

The USA also Promote patriotism.

McCarthyism exclusion Other values.
Until now, did not stop the attacks on communism. This is not brainwashing?

China does not exclude any values. As long as you do not violate the law. Capitalism is not excluded.

Liu Xiao-Bo organized anti-government organizations, and he said: China should be two hundred years of colonial.
He violated the law.
-----------------------------------
Oath of the Young Pioneers only the traditions and rituals, and it can not brainwash.
Ask your Chinese friends, No one to take it seriously.

Young Pioneers and the Boy Scouts is the same organization.