General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsZeroHedge: Turns Out China IS Lying About Everything
In what may come as a shocking surprise to exactly nobody, the next great discovery as more and more layers of the global ponzi onion are exposed, is that China was, in fact, lying about everything. Yes, we know, stunning.
http://www.zerohedge.com/news/turns-out-china-lying-about-everything
China has been messing with us for years. Our government has allowed it because the elite have gotten very rich off the ponzi scheme, but it needs to stop. China has not been acting in good faith and yet we are paralyzed to do anything about it.
leveymg
(36,418 posts)When that bursts, all others cascade down with it.
TalkingDog
(9,001 posts)They are the lead climber and we are all strapped to it.
This is a shock to no one.
RKP5637
(67,112 posts)US will willingly even pull the trip wire if someone can make a buck. And one day historians well might be writing how the US became subjects of China without one shot fired.
Warren Stupidity
(48,181 posts)QUOTATION: They (capitalists) will furnish credits which will serve us for the support of the Communist Party in their countries and, by supplying us materials and technical equipment which we lack, will restore our military industry necessary for our future attacks against our suppliers. To put it in other words, they will work on the preparation of their own suicide.
http://en.wikipedia.org/wiki/Talk%3AUseful_idiot#Lenin.27s_.22rope.22_comment
Often misquoted as
The capitalists are so hungry for profits that they will sell us the rope to hang them with.
But then again China is not the USSR. They are more like the latest installment of the Middle Kingdom.
RKP5637
(67,112 posts)coalition_unwilling
(14,180 posts)sell the rope with which to hang them. I think it was about 1925, IIRC. I don't think it's a mis-quote.
Warren Stupidity
(48,181 posts)In his writings. He might have said the rope quote, he might not. He did write the text I quoted, which is close enough anyway.
Unlike einstein's insanity, at least it is sensible.
xocet
(3,872 posts)Warren Stupidity
(48,181 posts)Again and expecting different results.
On the internets Einstein said that, or Ben Franklin, or Mark Twain, only none of them said it, and it isn't even close to being a definition of insanity.
xocet
(3,872 posts)johnd83
(593 posts)The "debt" they have are just numbers in a spreadsheet. We would just print the money and take the hit long before we became subjects to China. We as a country also have way more natural resources and better trained citizens which are far more important than cheap labor and lax environmental standards for economic prosperity.
RKP5637
(67,112 posts)DCBob
(24,689 posts)There are few signs things are beginning to slow. Of course, HK and Macau are not good indicators of China overall economic well being or not even though they are both technically part of China now.
I suspect there is going to be a crash at some point. There are many weak points in the Chinese economic model... societal, enviromental, politcal, etc. Im surprised it has lasted this long.
johnd83
(593 posts)The Chinese have been selling us finished goods for less than the cost of raw materials. That can't go on forever...
This is something that many do not understand. They are on the verge of collapse because of it.
RKP5637
(67,112 posts)workers busy trying to prop up the economy. That can't go on forever either one would think.
Aerows
(39,961 posts)They build and build and no one lives in them.
RKP5637
(67,112 posts)need to build another great wall too. I hate to say it, but I think all of these economic systems we have today are going to really end up screwing us all long term, maybe even sooner.
lapislzi
(5,762 posts)I'm in daily contact with Chinese factories. This time of year, until about August, is what is known as "Peak Season." I have a pretty good handle on what goes on at the factory level.
Factories are running at full capacity, or should be.
Here is what I know:
1. Production delays have improved compared to previous years. Factories are finishing goods on time, perhaps due to reduced demand.
2. Few or no complaints about labor shortages. This is unusual, especially in the Pearl River Delta free trade zone, which has chronically been short of labor.
3. No complaints about electricity outages. In prior years, we would hear about daily shutdowns due to no electricity to operate machinery.
4. Few complaints about the price of raw materials.
5. Continued warnings about the value of the RMB rising. The Chinese government is playing this very conservatively, but it's no secret that the Chinese currency is absurdly under-valued.
6. Shipping companies, which are a big fat cartel, are taking more vessels off line to keep demand and prices high. The "Peak Season Surcharge" which they love to slap us with every year, is a joke. They should just call it what it is: money for nothing.
Although it's still early in the season, I don't expect many changes to this scenario.
I'd be interested in hearing from other DUers who deal with China on a regular basis.